(1W chart) We expect the Heikin Ashi candle to turn to a bearish mark, falling from 33949.53. The RSI indicator is out of the overbought zone. On the wRSI_SR indicator, the RS line is falling below 50. On the CCI-RC indicator, the CCI line touched the uptrend line. Accordingly, I think that the heat caused by the uptrend has cooled down to some extent.
(1D chart) We need to see if we can get support at 31467.43 and climb above 33949.53. In particular, it remains to be seen if it can rise along the uptrend line (6).
If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
In summary, It is moving without force at the high point. However, prices are showing support. I think this move is laying the foundation for BTC price support.
This is the week when a new movement begins with the creation of a new 1W chart candle. In time for the new week, the volatility period is around January 28th-around February 2nd.
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(OKEX BTCUSDT 1D chart) We have to see if we can get support at 31181.4 and rise above 34413.4. If it falls, you need to see if it can rise along the uptrend line (5).
If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
(Coinbase BTCUSD 1D chart) We have to see if we can get support at 31527.50 and climb above 34030.64. If it falls, you need to see if it can rise along the uptrend line (5).
If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.
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(BTC Dominance 1D Chart) You need to make sure you can get resistance at point 63.38. The next volatility period is around January 28th.
I think the decline in BTC dominance means an increase in the price of altcoins. It can be said that it means that funds are being concentrated towards altcoins. As a result, I think the BTC price is moving sideways.
(USDT Dominance 1D Chart) You should watch for any movement that deviates from 2.349-2.842. In particular, we need to see if it can drop below the 2.541 point. The next volatility period is around February 3rd.
** 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. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** 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: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
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(XBTUSD 1h chart) (UTC) As you move along the downtrend lines (4) and (2), you need to see if you can move above the 34107.5 point.
If the price is maintained above the M-Signal line on the 1D chart, further gains are expected.
You'll have to watch it move with the flow shown on the chart.