You need to see if you can get support and climb at 34107.5. You also have to see if you can go up along the uptrend line (7).
If it falls at 34107.5, a Stop Loss is needed to preserve profit and loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend. Accordingly, you need to think of a trading strategy in the range 29350.0-34107.5.
If it gets support near the 34107.5 point, it is expected to rebound and create an'M'-shaped pattern.
We have to see if we can create an'M' pattern that goes beyond the previous high. Also, be sure to check the flow well as it can rise with a'Pull Back' pattern.
The next volatility period is around January 15-20.
From the wRSI_SR indicator, unfortunately, the flow is in the direction of the arrow. We have to see when the RS line touches 20 and turns into a short-term uptrend.
From the CCI-RC indicator, the CCI line broke below the uptrend line and touched the EMA line. You must see if you can climb again near the EMA line. If the CCI line falls below 100, I think the price is likely to have turned down.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range. It's time to see which direction you'll be moving in Section A between January 14th and 21st.
On January 11th, a chart was drawn that touched the 12.38 point as a strange sign. Accordingly, I think the period of volatility around January 14th-18th has become more important.
-------------------------------------------------- (USDT Dominance 1D Chart) Due to volatility around January 10th (January 9-11), it has touched more than 2.842 points and is falling. You will have to watch for any movement that deviates from the 2.541-2.754 section.
The next volatility period is around January 15th-18th. During this period of volatility, we must watch for any movement that deviates from the 2.541-2.970 interval.
If it rises above the important point of 2.842 points, the price of the coins is expected to fall again.
If the USDT dominance falls, I think it is highly likely that the funds will be used to buy coins. Therefore, I believe that the rise and fall of USDT dominance is related to the rise and fall of the coin market.
On January 11th, a chart was drawn that touched the 0.422 point as a strange sign. Accordingly, I think the period of volatility around January 15 has become even more important.
** 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 traditional 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: Cigar price when opening (Example) Gap (G1-G2)
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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (33780.0-34840.0). You should watch for any movement that deviates from the 34595.0-35660.0 section. If it falls at the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
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(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 34080.0 point Target point: 1st 35575.0 point or higher, 2nd 37070.5 point or higher Stop Loss: 33581.5 points
2. Entry point: When breaking above 37569.0 point Target point: 38566.0 point or higher Stop Loss: 37070.5 point
(SHORT) 1. Entry point: When breaking below the 37070.5 point Target point: 1st 35575.0 or less, 2nd 34080.0 or less Stop Loss: 37569.0 point
2. Entry point: When breaking down the 33581.5 point Target point: 32584.5 points or less Stop Loss: 34080.0 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 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 if you proceed, you will definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When breaking above 33978.6 point Target point: 1st 35463.3 point or higher, 2nd 36948.0 point or higher Stop Loss: 33483.7 points
2. Entry point: When breaking above the 37442.9 point Target point: 38432.7 point or higher Stop Loss: 36948.0 point
(SHORT) 1. Entry point: When breaking below the 36948.0 point Target point: 1st 35463.3 point or less, 2nd 33978.6 point or less Stop Loss: 37442.9 point
2. Entry point: When breaking down from 33483.7 Target point: 32493.9 points or less Stop Loss: 33978.6 point
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(BAKKT Bitcoin (BTM1!) 1D chart) It started with a fall in the gap (34220.0-35095.0). We must see if we can ascend above 34576.5 points. If it falls, you need to make sure you get support at 31312.5. The next volatility period is around January 19th.