Bitcoin (BTC) - January 17
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We need to make sure we can get support at 35818.61.
In particular, you should watch for any movement that deviates from the 35818.61-40169.80 segment.
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about what to do in the 29300.0 -33949.53 section.
On the wRSI_SR indicator, the RS line is again falling below 20.
On the CCI-RC indicator, the CCI line is falling below the second uptrend line.
Accordingly, there may be a movement that touches the downtrend line (7), so careful trading is necessary.
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(OKEX BTCUSDT 1D chart)
You should watch for any movement that deviates from the 35490.7-39799.9 segment.
If you decline at 34559.3, you can touch 31577.0, so it's a short stop loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about what to do in the 29309.0 -34559.3 interval.
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(Coinbase BTCUSD 1D chart)
You need to make sure you can get support at the 35890.94 point.
In particular, we need to see if volatility around the 17th of January results in a movement that deviates from the 35890.94-40254.38 range.
If it declines at 34030.64, a Stop Loss is needed to preserve profit and loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility that it will turn into a downtrend.
So, you have to think about how to deal with it in the 29321.90 -34030.64 section.
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(BTC Dominance 1D Chart)
It is expected that the direction of the coin market will be determined by the movements between January 14 and 21.
You need to see if you can fall below the uptrend line (1).
In particular, it remains to be seen if the downtrend line (3) and the 67.44 point can be resisted and move downward.
I think that the rise and fall of BTC dominance is related to the rise and fall of altcoins' price rather than the rise and fall of the BTC price.
Therefore, if BTC dominance falls, the price of altcoins is likely to rise.
In particular, if it falls below 67.44 point, an upward trend of altcoins is expected, and if it falls below 63.38 point, a bullish market is expected.
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(USDT Dominance 1D Chart)
We must see if we can get resistance at the downtrend line (6) and move below the 2.349 point.
If USDT dominance declines, I think it is highly likely that the funds will be used to buy coins.
Therefore, the price of coins is likely to rise.
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** 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to make sure we can get support at 35818.61.
In particular, you should watch for any movement that deviates from the 35818.61-40169.80 segment.
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about what to do in the 29300.0 -33949.53 section.
On the wRSI_SR indicator, the RS line is again falling below 20.
On the CCI-RC indicator, the CCI line is falling below the second uptrend line.
Accordingly, there may be a movement that touches the downtrend line (7), so careful trading is necessary.
------------------------------------------------
(OKEX BTCUSDT 1D chart)
You should watch for any movement that deviates from the 35490.7-39799.9 segment.
If you decline at 34559.3, you can touch 31577.0, so it's a short stop loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about what to do in the 29309.0 -34559.3 interval.
-------------------------------------------------- ---
(Coinbase BTCUSD 1D chart)
You need to make sure you can get support at the 35890.94 point.
In particular, we need to see if volatility around the 17th of January results in a movement that deviates from the 35890.94-40254.38 range.
If it declines at 34030.64, a Stop Loss is needed to preserve profit and loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility that it will turn into a downtrend.
So, you have to think about how to deal with it in the 29321.90 -34030.64 section.
------------------------------------------------
(BTC Dominance 1D Chart)
It is expected that the direction of the coin market will be determined by the movements between January 14 and 21.
You need to see if you can fall below the uptrend line (1).
In particular, it remains to be seen if the downtrend line (3) and the 67.44 point can be resisted and move downward.
I think that the rise and fall of BTC dominance is related to the rise and fall of altcoins' price rather than the rise and fall of the BTC price.
Therefore, if BTC dominance falls, the price of altcoins is likely to rise.
In particular, if it falls below 67.44 point, an upward trend of altcoins is expected, and if it falls below 63.38 point, a bullish market is expected.
-------------------------------------------------- -
(USDT Dominance 1D Chart)
We must see if we can get resistance at the downtrend line (6) and move below the 2.349 point.
If USDT dominance declines, I think it is highly likely that the funds will be used to buy coins.
Therefore, the price of coins is likely to rise.
-------------------------------------------------- -------------------------------------------
** 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)
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