Make sure you can get support in the 40340.0-41433.5 section.
It is important to move sideways above the 38152.5 point before around January 15th.
If you decline at 38152.5, you need a short stop loss. However, short-term response is required.
If you fall from 34107.5, you can touch the 29350.0 point, so you need a Stop Loss to preserve profit or loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
From the wRSI_SR indicator, the RS line is rising above the uptrend line (a). If the RS line stays above 80, it is expected to break away from the arrow flow. If it deviates from the arrow flow, further gains are expected.
We have to see if the same flow as in section A will reappear.
------------------------------------------------
(BTC Dominance 1D Chart) You should watch for any movement that deviates from 69.80-72.54.
-------------------------------------------------
(USDT Dominance 1D Chart) We must see if there is any movement that deviates from the 1.952-2.406 range due to volatility around January 10 (January 9-11).
** 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: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
ノート
(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.
---------------------------------
(LONG) 1. Entry point: When breaking above the 37569.0 point Target point: 1st 38566 point or higher, 2nd 39563 point or higher Stop Loss: 37070.5 point
2. Entry point: When it exceeds 40061.5 point Target point: 41556.5 points or more Stop Loss: 39563.0 point
(SHORT) 1. Entry point: When breaking below 39563.0 point Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less Stop Loss: 40061.5 points
2. Entry point: When breaking below 37070.5 point Target point: 35575.0 point or less Stop Loss: 37569.0 point
-----------------------------------------------
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 increase your ability to trade mechanically, I think you'll definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When breaking above the 37442.9 point Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher Stop Loss: 36948.0 point
2. Entry point: When breaking above the 39917.4 point Target point: 41402.1 point or higher Stop Loss: 39422.5 point
(SHORT) 1. Entry point: When breaking down from the 39422.5 point Target point: 1st 38432.7 or less, 2nd 37442.9 or less Stop Loss: 39917.4 point
2. Entry point: When breaking below the 36948.0 point Target point: 35463.3 points or less Stop Loss: 37442.9 point
(Binance BTCUSDTPERP 1h chart) Think of a short-term strategy.
ノート
(CME Bitcoin (BTC1!) 1D chart) It started with the gap (39625.0-40275.0) rising and closed at -0.26%. We have to see if we can ascend to the 39915.0-40980.0 section. If it falls, we need to make sure we get support at 37790.0.
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a drop in the gap (39995.0-39197.5) and closed at 0.48%. You need to make sure you can get support in the 40016.0-41104.0 section. If it falls, we need to make sure we get support at 37840.0.