Bitcoin (including BTC, short-term strategy) - January 8
Updated
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As the price increases, the Fibonacci retracement rate point has been changed.
It remains to be seen where the volatility around January 7th (January 6-8) gains support and resistance.
You should watch for any movement that deviates from the 37509.5-41405.5 section.
In particular, you need to make sure you can sideways near the 39457.5 point.
The next volatility period is around January 15th (January 14-16).
You should check for movement between around January 11th and 15th.
You should touch the uptrend line (7) and see if you can go up.
It is showing a second decline since the decline on January 4th.
When you get used to these declines, I think the downtrend begins.
Therefore, I think it is necessary to prepare for a decline by setting the points of support and resistance and the stop loss points of the coins you hold in advance.
The period that is most likely to turn into a downtrend is between 27039.5-29350.0.
Accordingly, if it falls to the 25822.5-29718.0 section, careful trading is required.
If it falls between 36860.5-37509.5, it is a short-term Stop Loss.
If it falls in the 33614.0-34263.0 section, a Stop Loss is required to preserve profit and loss.
In addition, if you touch the 25822.5-29718.0 section and rise, if you cannot break above the 33614.0-34263.0 section, it is expected to fall again.
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(BTC Dominance 1D Chart)
We have to see if we can get below the 69.80 point.
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(USDT Dominance 1D Chart)
We must see if there is any movement outside the 1.952-2.406 range due to volatility around January 10th.
From the wRSI_SR indicator, there is a different movement from the A section.
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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.
-------------------------------------------------- -----
As the price increases, the Fibonacci retracement rate point has been changed.
It remains to be seen where the volatility around January 7th (January 6-8) gains support and resistance.
You should watch for any movement that deviates from the 37509.5-41405.5 section.
In particular, you need to make sure you can sideways near the 39457.5 point.
The next volatility period is around January 15th (January 14-16).
You should check for movement between around January 11th and 15th.
You should touch the uptrend line (7) and see if you can go up.
It is showing a second decline since the decline on January 4th.
When you get used to these declines, I think the downtrend begins.
Therefore, I think it is necessary to prepare for a decline by setting the points of support and resistance and the stop loss points of the coins you hold in advance.
The period that is most likely to turn into a downtrend is between 27039.5-29350.0.
Accordingly, if it falls to the 25822.5-29718.0 section, careful trading is required.
If it falls between 36860.5-37509.5, it is a short-term Stop Loss.
If it falls in the 33614.0-34263.0 section, a Stop Loss is required to preserve profit and loss.
In addition, if you touch the 25822.5-29718.0 section and rise, if you cannot break above the 33614.0-34263.0 section, it is expected to fall again.
-------------------------------------------------- -----
(BTC Dominance 1D Chart)
We have to see if we can get below the 69.80 point.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
We must see if there is any movement outside the 1.952-2.406 range due to volatility around January 10th.
From the wRSI_SR indicator, there is a different movement from the A section.
-------------------------------------------------- -------------------------------------------
** 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)
Note
(CME Bitcoin (BTC1!) 1D chart)It started with a rise in the gap (39625.0-40275.0).
You should watch for any movement that deviates from the 36520.0-40185.0 segment.
In particular, you need to make sure you can get support at point 38350.0.
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a fall in the gap (39995.0-39197.5).
You should watch for any movement that deviates from the 37823.5-40401.5 section.
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.
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(LONG)
1. Entry point: When breaking above the 37569.0 point
Target point: 1st 38566 point or higher, 2nd 39563 point or higher
Stop Loss: 37070.5 point
2. Entry point: When it exceeds 40061.5 point
Target point: 41556.5 points or more
Stop Loss: 39563.0 point
(SHORT)
1. Entry point: When breaking below 39563.0 point
Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less
Stop Loss: 40061.5 points
2. Entry point: When breaking below 37070.5 point
Target point: 35575.0 point or less
Stop Loss: 37569.0 point
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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.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 37442.9 point
Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher
Stop Loss: 36948.0 point
2. Entry point: When breaking above the 39917.4 point
Target point: 41402.1 point or higher
Stop Loss: 39422.5 point
(SHORT)
1. Entry point: When breaking down from the 39422.5 point
Target point: 1st 38432.7 or less, 2nd 37442.9 or less
Stop Loss: 39917.4 point
2. Entry point: When breaking below the 36948.0 point
Target point: 35463.3 points or less
Stop Loss: 37442.9 point
(Binance BTCUSDTPERP 1h chart)
Think of a short-term strategy.
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