Bitcoin (including BTC, short-term strategy)-January 18
Updated
Hello?
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 35964.5-40340.0 range due to volatility around January 15-20.
In particular, it remains to be seen if it can rise above the 38152.5 point and the downtrend line (8).
If it declines at 34107.5, you need a Stop Loss to preserve profit or loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
Accordingly, you need to think about how to respond in the interval 29350.0-34107.5.
We reaffirmed our support by touching 34107.5 points or less.
We have to use the 34871.0-35964.5 section as a starting point to see if there can be an ascent.
However, it remains to be seen whether the OBV in the volume indicator will move according to the drawn flow.
This flow can last up to 28 days.
A fall in OBV does not necessarily mean a fall in price.
Accordingly, a flow that touches the uptrend line (6) may come out.
-------------------------------------------------- ---------------------
(BTC Dominance 1D Chart)
We'll see if we can get resistance at 67.44 and drop.
Specifically, you need to make sure you can touch the 64.86 point.
-------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 2.187-2.541.
In particular, we need to see if it can drop below the 2.349 point.
-------------------------------------------------- -------------------------------------------
** 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)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 need to see if there is any movement outside the 35964.5-40340.0 range due to volatility around January 15-20.
In particular, it remains to be seen if it can rise above the 38152.5 point and the downtrend line (8).
If it declines at 34107.5, you need a Stop Loss to preserve profit or loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
Accordingly, you need to think about how to respond in the interval 29350.0-34107.5.
We reaffirmed our support by touching 34107.5 points or less.
We have to use the 34871.0-35964.5 section as a starting point to see if there can be an ascent.
However, it remains to be seen whether the OBV in the volume indicator will move according to the drawn flow.
This flow can last up to 28 days.
A fall in OBV does not necessarily mean a fall in price.
Accordingly, a flow that touches the uptrend line (6) may come out.
-------------------------------------------------- ---------------------
(BTC Dominance 1D Chart)
We'll see if we can get resistance at 67.44 and drop.
Specifically, you need to make sure you can touch the 64.86 point.
-------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 2.187-2.541.
In particular, we need to see if it can drop below the 2.349 point.
-------------------------------------------------- -------------------------------------------
** 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)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 an increase in the gap (35625.0-36250.0).
We have to see if we can get support from 34595.0-35660.0 and climb above 37790.0.
We need to see if there is any movement outside the 35660.0-39915.0 range due to volatility around January 15th.
If it falls from the 33780.0 point, you need a Stop Loss to preserve profit or loss.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
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 it exceeds 34080.0 point
Target point: 1st 35575.0 point or higher, 2nd 37070.5 point or higher
Stop Loss: 33581.5 points
2. Entry point: When breaking above 37569.0 point
Target point: 38566.0 point or higher
Stop Loss: 37070.5 point
(SHORT)
1. Entry point: When breaking below 37070.5 point
Target point: 1st 35575.0 or less, 2nd 34080.0 or less
Stop Loss: 37569.0 point
2. Entry point: When breaking down the 33581.5 point
Target point: 32584.5 points or less
Stop Loss: 34080.0 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 will 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 33978.6 point
Target point: 1st 35463.3 point or higher, 2nd 36948.0 point or higher
Stop Loss: 33483.7 points
2. Entry point: When exceeding the 37442.9 point
Target point: 38432.7 point or higher
Stop Loss: 36948.0 point
(SHORT)
1. Entry point: When breaking below the 36948.0 point
Target point: 1st 35463.3 point or less, 2nd 33978.6 point or less
Stop Loss: 37442.9 point
2. Entry point: When breaking below the 36948.0 point
Target point: 35463.3 points or less
Stop Loss: 37442.9 point
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.