Bitcoin (BTC) - January 3
Updated
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
Above 47010.0 point: Expected to create a new wave.
(XBTUSD 1D Chart)
First resistance section: around 55164.5 point
Second resistance section: 60811.0-63634.5
Support section: around 38225.0
The 46695.0-49518.0 interval is an important interval that determines the trend.
Accordingly, if there is a movement below the 45211.0 point or above the 50876.0 point, we expect the trend to be determined in that direction.
If the price holds above the 50876.0 point, it is expected to turn into an uptrend.
If it falls in the 45211.0-46695.0 section, Stop Loss is required to preserve profit and loss.
However, caution is advised as it may touch the uptrend line (2) or downtrend line (3) and rebound.
The big volatility period is around March 9th, but you should check for movement outside the 45211.0-47536.0 zone around January 7th (January 6-8).
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(ETHUSDT 1W Chart)
Above 1741.38: Expected to create a new wave.
You need to check if you can get support at the 3582.10 point.
If the decline is from the 3582.10 point, there is a possibility that it will fall below the 3375.08 point, so you need to trade with caution.
(1D chart)
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
The price needs to remain above the 3781.93 point to turn into an uptrend.
It should move above the 4013.13 point to continue the uptrend.
The decline from the 3781.93 point increases the likelihood of a reversal to a downtrend.
However, as long as it does not fall below the short-term downtrend line, it is expected to rise.
If it falls from the 3343.06 point, you need Stop Loss to preserve your profit.
However, it may touch the uptrend line (3) passing near the 2910.0 point and rebound, so you need to think about how to respond.
The next volatility period is around January 14th.
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
happy New Year!!!
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
Above 47010.0 point: Expected to create a new wave.
(XBTUSD 1D Chart)
First resistance section: around 55164.5 point
Second resistance section: 60811.0-63634.5
Support section: around 38225.0
The 46695.0-49518.0 interval is an important interval that determines the trend.
Accordingly, if there is a movement below the 45211.0 point or above the 50876.0 point, we expect the trend to be determined in that direction.
If the price holds above the 50876.0 point, it is expected to turn into an uptrend.
If it falls in the 45211.0-46695.0 section, Stop Loss is required to preserve profit and loss.
However, caution is advised as it may touch the uptrend line (2) or downtrend line (3) and rebound.
The big volatility period is around March 9th, but you should check for movement outside the 45211.0-47536.0 zone around January 7th (January 6-8).
-------------------------------------------
(ETHUSDT 1W Chart)
Above 1741.38: Expected to create a new wave.
You need to check if you can get support at the 3582.10 point.
If the decline is from the 3582.10 point, there is a possibility that it will fall below the 3375.08 point, so you need to trade with caution.
(1D chart)
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
The price needs to remain above the 3781.93 point to turn into an uptrend.
It should move above the 4013.13 point to continue the uptrend.
The decline from the 3781.93 point increases the likelihood of a reversal to a downtrend.
However, as long as it does not fall below the short-term downtrend line, it is expected to rise.
If it falls from the 3343.06 point, you need Stop Loss to preserve your profit.
However, it may touch the uptrend line (3) passing near the 2910.0 point and rebound, so you need to think about how to respond.
The next volatility period is around January 14th.
------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Note
(Market Cap 1D Chart)It looks like BTC Dominance will close below 40% after May 2021.
It is necessary to confirm whether it can fall below 38.95% as it is.
Also, if the BTC dominance drops below 40%, the BTC price is likely to be very volatile, so you need to trade with caution.
Note
(BTC 1M Chart)The intervals marked with pink circles on the chart are important intervals.
If the price is maintained above this range, the uptrend is expected to continue.
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