The volatility around January 7th (January 6-8) will have to see if there is any movement that deviates from the 32675.0-36378.0 range. You also need to see if you can climb above the 34526.5 point to gain support.
If it falls into the 27039.5-29350.0 interval, it is likely to turn into a downtrend. Therefore, if it falls between 28972.0-29589.0, Stop Loss is necessary to preserve profit and loss.
From the wRSI_SR indicator, the RS line is falling below 50. If the RS line rebounds here and rises more than 50, it must rise more than 80.
If not, there is a high possibility that it will decline as the arrow flows. If it falls as the arrow flows, a lot of decline is expected. Accordingly, careful trading is necessary.
The period to be checked for this movement is around January 7th-January 15th.
On the CCI-RC indicator, you need to see if the CCI line can remain above the EMA line and can rise along the uptrend line.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range.
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(USDT Dominance 1D Chart) We need to see if we can drop below the 2.349 point and get resistance. You should watch the movement between January 5th and 10th.
If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend.
If it falls below the 2.349 point, I think it may lead to a'don't ask buy'.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
ملاحظة
(XBTUSD 1h chart)-Short term strategy If you forcefully enter a position and start trading, you will end up losing more. If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.
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(LONG) 1. Entry point: When it exceeds 31595.0 point Target point: 1st 32592.0 point or higher, 2nd 33588.5 point or higher Stop Loss: 31096.5 point
2. Entry point: When it exceeds the 34087.0 point Target point: 35582.5 points or more Stop Loss: 33588.5 points
(SHORT) 1. Entry point: When breaking below 33588.5 point Target point: 1st 32592.0 point or less, 2nd 31595.0 point or less Stop Loss: 34087.0 point
2. Entry point: When breaking below the 31096.5 point Target point: 29601.0 point or less Stop Loss: 31595.0 point
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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss. I think you understand where the movement begins.
We are trying to tell you easily in a format that anyone can understand. However, I think that whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you have invested a lot of time and verified it.
It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies will increase your ability to trade mechanically, I think you'll start to get good results.
ملاحظة
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When breaking above 31507.2 point Target point: 1st 32497.0 point or higher, 2nd 33486.8 point or higher Stop Loss: 31012.3 point
2. Entry point: When breaking above the 33981.7 point Target point: 35466.4 points or more Stop Loss: 33489.8 point
(SHORT) 1. Entry point: When breaking below 33486.8 point Target point: 1st 32497.0 point or less, 2nd 31507.2 point or less Stop Loss: 33981.7 point
2. Entry point: When breaking below 31012.3 point Target point: 29527.6 points or less Stop Loss: 31507.2 point
(Binance BTCUSDTPERP 1h chart) Think of a short-term strategy.
ملاحظة
(CME Bitcoin (BTC1!) 1D chart) It started with a rise in the gap (34515.0-34655.0). You need to make sure you can get the support at the 34460.0 point.
We must see if there is any movement outside the 32630.0-34460.0 range due to volatility around January 5th. The upward trend continues with a large gap, so if it falls, I think there is a high possibility that it will fall to the 23465.0 point. However, a rebound may occur in the 27130.0-29575.0 section, so careful trading is necessary.
If it falls from 32015.0, a short stop loss is required.
ملاحظة
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (34047.5-34352.5). It remains to be seen if the volatility around January 7th causes any movement outside the 33311.5-37179.0 range.
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