-1D chart-
The BTC also saw a huge effort to support the 8835.5 point.
The RSI is about to rise above 70, while the MACD oscillator falls slightly.
-1W chart-
It is trying to get out of the downtrend line indicated by the RSI.
Also, the MACD is about to cross.
--------------------------
The next important thing is how to break above 200MA and 9080 on the 1D chart.
The current flow is showing a fairly good flow.
This is because the price is rising and the trading volume is decreasing.
At 1W, can it rise above Ichimoku's baseline at 9375?
You should also check if you can get out of the downtrend line.
----------------------------
From the BTC trend, I think it is highly likely that around January 21 (January 20-January 22) will be an inflection day (a day when the volatility is expected to be severe).
We expect to rise above 200MA on BTC's 1D chart, but we need to think carefully and trade.
The BTC also saw a huge effort to support the 8835.5 point.
The RSI is about to rise above 70, while the MACD oscillator falls slightly.
-1W chart-
It is trying to get out of the downtrend line indicated by the RSI.
Also, the MACD is about to cross.
--------------------------
The next important thing is how to break above 200MA and 9080 on the 1D chart.
The current flow is showing a fairly good flow.
This is because the price is rising and the trading volume is decreasing.
At 1W, can it rise above Ichimoku's baseline at 9375?
You should also check if you can get out of the downtrend line.
----------------------------
From the BTC trend, I think it is highly likely that around January 21 (January 20-January 22) will be an inflection day (a day when the volatility is expected to be severe).
We expect to rise above 200MA on BTC's 1D chart, but we need to think carefully and trade.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
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