Bitcoin (including BTC, short-term strategy) - January 7
Updated
Happy New Year!!!
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 see if there is any movement outside the 32675.0-36378.0 range due to volatility around January 7th.
If you climb above the 36378.0 point, it's important to get support.
If it falls, we need to make sure we get support at 34526.5.
Looking at the wRSI_SR indicator, it shows a short-term downtrend, so careful trading is necessary.
If it falls to the 27039.5-29350.0 section, I think it is highly likely to turn into a downward trend.
Accordingly, if it falls in the 32058.0-32675.0 range, Stop Loss is necessary to preserve profit and loss.
We believe the 29589.0-32058.0 interval is the boundary between a downtrend and an uptrend.
Accordingly, when a'Pull Back' pattern or a downtrend is in progress, there may be a rebound.
When the coin market is on a bull market, I think that if you don't feel the joy of rising, it may be limited to earning profits.
When prices are on an uptrend, it's best to buy before the price rises to be happy.
Currently, most of the coins are pumping, so you need to buy by wave.
However, it's actually not easy to find when to buy.
I think that there is no choice but to buy when you check the movement of the BTC price and move sideways downward and support at a certain point or section.
If you want to make a new investment, you have to trade in the short term.
If not, I think it is better not to enter.
-----------------------------------------------
(BTC Dominance 1D Chart)
You should watch for any movement that deviates from the 67.44-69.80 range.
I think BTC dominance is related to the rise and fall of altcoin prices.
Accordingly, if BTC dominance falls, I think the price of altcoins is likely to rise.
After the plunge in XRP, it seems that the flow of BTC dominance is unfolding differently than before.
Therefore, I don't think it's good to check the BTC dominance's move towards the support and resistance points, but just watch the BTC dominance rise and fall.
This flow is expected to show a normal flow if it enters a sideways period after the BTC price falls and the entire coin market falls.
--------------------------------------------------
(USDT Dominance 1D Chart)
The price of most coins is pumping down below the 2.349 point.
We'll see if we can get resistance at 2.349-2.406 and move towards 1.952.
If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend.
If you look at the wRSI_SR indicator, you can see that the movement of section A and section B is different.
The movement of the surface and the movement of USDT dominance are moving in opposite directions.
Accordingly, we can see that short-term bullish divergence is underway.
You should check the movement around January 5th-10th.
-------------------------------------------------- -------------------------------------------
** 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)
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 see if there is any movement outside the 32675.0-36378.0 range due to volatility around January 7th.
If you climb above the 36378.0 point, it's important to get support.
If it falls, we need to make sure we get support at 34526.5.
Looking at the wRSI_SR indicator, it shows a short-term downtrend, so careful trading is necessary.
If it falls to the 27039.5-29350.0 section, I think it is highly likely to turn into a downward trend.
Accordingly, if it falls in the 32058.0-32675.0 range, Stop Loss is necessary to preserve profit and loss.
We believe the 29589.0-32058.0 interval is the boundary between a downtrend and an uptrend.
Accordingly, when a'Pull Back' pattern or a downtrend is in progress, there may be a rebound.
When the coin market is on a bull market, I think that if you don't feel the joy of rising, it may be limited to earning profits.
When prices are on an uptrend, it's best to buy before the price rises to be happy.
Currently, most of the coins are pumping, so you need to buy by wave.
However, it's actually not easy to find when to buy.
I think that there is no choice but to buy when you check the movement of the BTC price and move sideways downward and support at a certain point or section.
If you want to make a new investment, you have to trade in the short term.
If not, I think it is better not to enter.
-----------------------------------------------
(BTC Dominance 1D Chart)
You should watch for any movement that deviates from the 67.44-69.80 range.
I think BTC dominance is related to the rise and fall of altcoin prices.
Accordingly, if BTC dominance falls, I think the price of altcoins is likely to rise.
After the plunge in XRP, it seems that the flow of BTC dominance is unfolding differently than before.
Therefore, I don't think it's good to check the BTC dominance's move towards the support and resistance points, but just watch the BTC dominance rise and fall.
This flow is expected to show a normal flow if it enters a sideways period after the BTC price falls and the entire coin market falls.
--------------------------------------------------
(USDT Dominance 1D Chart)
The price of most coins is pumping down below the 2.349 point.
We'll see if we can get resistance at 2.349-2.406 and move towards 1.952.
If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend.
If you look at the wRSI_SR indicator, you can see that the movement of section A and section B is different.
The movement of the surface and the movement of USDT dominance are moving in opposite directions.
Accordingly, we can see that short-term bullish divergence is underway.
You should check the movement around January 5th-10th.
-------------------------------------------------- -------------------------------------------
** 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)
Note
(CME Bitcoin (BTC1!) 1D chart)It started with a fall in the gap (36565.0--36445.0).
We need to make sure we can get support at the 36295.0 point.
If it falls from the 34460.0 point, a short stop loss is required.
If it falls from the 32015.0 point, a Stop Loss is required to preserve profit and loss.
If it falls in the 28965.0-29575.0 interval, it is highly likely to turn into a downtrend, so trading carefully.
Note
(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 34087.0 point
Target point: 1st 35582.5 point or higher, 2nd 37078.0 point or higher
Stop Loss: 33588.5 points
2. Entry point: When breaking above 37576.5 point
Target point: 38573.5 points or more
Stop Loss: 37078.0 point
(SHORT)
1. Entry point: When breaking below 37078.0 point
Target point: 1st 35582.5 or less, 2nd 34526.5 or less
Stop Loss: 37576.5 points
2. Entry point: When breaking down the 33588.5 point
Target point: 32592.0 point or less
Stop Loss: 34087.0 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.
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 33981.7 point
Target point: 1st 35466.4 point or higher, 2nd 36170.2 point or higher
Stop Loss: 33486.8 point
2. Entry point: When exceeding the 37446.0 point
Target point: 38435.8 point or higher
Stop Loss: 36951.1 point
(SHORT)
1. Entry point: When breaking below the 36951.1 point
Target point: 1st 35466.4 point or less, 2nd 33981.7 point or less
Stop Loss: 37446.0 point
2. Entry point: When breaking down from 33486.8 point
Target point: 32497.0 point or less
Stop Loss: 33981.7 point
(Binance BTCUSDTPERP 1h chart)
Think of a short-term strategy.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (36030.0-37270.0).
It remains to be seen if the volatility around January 7th causes any movement outside the 33311.5-37179.0 range.
We need to make sure we can get support at 37179.0.
Note
(XBTUSD 1D chart)Looking at the wRSI_SR indicator, the movement follows the flow of the drawn arrows.
Therefore, you need to think about a plan for falling prices.
If the RS line breaks above the uptrend line (a) before around January 15 and fails to rise more than 80, large volatility is expected.
At this point, you need to check where you are getting support.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.