Bitcoin (BTC) - January 14
Happy New Year!!!
Dear traders, nice to meet you.
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We have to see if we can rise above the 37994.21 point and gain support.
You also need to see if you can climb along the uptrend line (8).
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.11-29300.0 section, I think there is a high possibility of turning into a downtrend.
It remains to be seen if there is any movement outside the 35818.61-40169.80 range due to volatility around January 15th.
On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term uptrend.
It remains to be seen whether the CCI line can rise above the EMA line on the CCI-RC indicator.
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(OKEX BTCUSDT 1D chart)
You need to make sure you can get support at point 37645.3.
You also have to see if you can go up along the uptrend line (7).
The next volatility period is around January 20-23.
If it goes down at 34559.3 point, Stop Loss is needed to preserve profit and loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
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(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 38072.66 point.
You also need to see if you can climb along the uptrend line (7).
The next volatility period is around January 17th.
If it declines at 34030.64, a Stop Loss is required 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.
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(BTC Dominance 1D Chart)
You have to see if you can get into section A.
If you enter section A, it is expected to re-determine the direction of altcoins around January 21st.
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(USDT Dominance 1D Chart)
It remains to be seen if the volatility around January 15th will cause any movement outside the 2.349-2.842 range.
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** All indicators are lagging indicators.
So, it's important to know 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: 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 have to see if we can rise above the 37994.21 point and gain support.
You also need to see if you can climb along the uptrend line (8).
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.11-29300.0 section, I think there is a high possibility of turning into a downtrend.
It remains to be seen if there is any movement outside the 35818.61-40169.80 range due to volatility around January 15th.
On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term uptrend.
It remains to be seen whether the CCI line can rise above the EMA line on the CCI-RC indicator.
-----------------------------------------------
(OKEX BTCUSDT 1D chart)
You need to make sure you can get support at point 37645.3.
You also have to see if you can go up along the uptrend line (7).
The next volatility period is around January 20-23.
If it goes down at 34559.3 point, Stop Loss is needed to preserve profit and loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
-------------------------------------------------- -----
(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 38072.66 point.
You also need to see if you can climb along the uptrend line (7).
The next volatility period is around January 17th.
If it declines at 34030.64, a Stop Loss is required 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.
------------------------------------------------
(BTC Dominance 1D Chart)
You have to see if you can get into section A.
If you enter section A, it is expected to re-determine the direction of altcoins around January 21st.
--------------------------------------------------
(USDT Dominance 1D Chart)
It remains to be seen if the volatility around January 15th will cause any movement outside the 2.349-2.842 range.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know 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: Market price at the time of opening
(Example) Gap (G1-G2)
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