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Bitcoin (including BTC, short-term strategy)-January 13Happy 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 have to see if we can get support at 34107.5. If it falls, you should touch 31589.5 point or the uptrend line (6) and see if you can move up along the uptrend line (6). We need to see if the volatility around January 15-20 can rise between the uptrend line (6)-(7). If you touch the 27039.5-29350.0 interval, it is likely to turn to the downtrend line. Accordingly, a strategy that can respond according to the flow in the section 29350.0-34107.5 is needed. We must change the uptrend and see if we can continue the uptrend. To do that, we need to make sure that the price is maintained above the MS-Signal line. In the wRSI_SR indicator, the RS line is below 20, that is, in the oversold section. It remains to be seen if volatility around January 15 could turn the RS line above 20, turning into a short-term uptrend. On the CCI-RC indicator, it remains to be seen if the CCI line can touch the uptrend line and rise above the EMA line. It is important to keep an eye on the movement around January 28th whether the'M' pattern will be completed and the trend will turn downward, or the'Pull back' pattern will be completed and the upward trend will continue. ------------------------------------------------ (BTC Dominance 1D Chart) It remains to be seen if the volatility around January 14 (January 13-15) leads to a movement that deviates from the 67.44-69.80 range. It is expected that the direction will be decided between January 14 and 21 in section A. -------------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can get resistance in the 2.754-2.842 range. Also, we need to see if it can fall below the downtrend line (6). The next volatility period is around January 15th. -------------------------------------------------- ------------------------------------------- ** 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 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 and 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 12Happy 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. -------------------------------------------------- ----- You need to see if you can get support and climb at 34107.5. You also have to see if you can go up along the uptrend line (7). If it falls at 34107.5, a Stop Loss is needed to preserve profit and 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 of a trading strategy in the range 29350.0-34107.5. If it gets support near the 34107.5 point, it is expected to rebound and create an'M'-shaped pattern. We have to see if we can create an'M' pattern that goes beyond the previous high. Also, be sure to check the flow well as it can rise with a'Pull Back' pattern. The next volatility period is around January 15-20. From the wRSI_SR indicator, unfortunately, the flow is in the direction of the arrow. We have to see when the RS line touches 20 and turns into a short-term uptrend. From the CCI-RC indicator, the CCI line broke below the uptrend line and touched the EMA line. You must see if you can climb again near the EMA line. If the CCI line falls below 100, I think the price is likely to have turned down. ------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range. It's time to see which direction you'll be moving in Section A between January 14th and 21st. On January 11th, a chart was drawn that touched the 12.38 point as a strange sign. Accordingly, I think the period of volatility around January 14th-18th has become more important. -------------------------------------------------- (USDT Dominance 1D Chart) Due to volatility around January 10th (January 9-11), it has touched more than 2.842 points and is falling. You will have to watch for any movement that deviates from the 2.541-2.754 section. The next volatility period is around January 15th-18th. During this period of volatility, we must watch for any movement that deviates from the 2.541-2.970 interval. If it rises above the important point of 2.842 points, the price of the coins is expected to fall again. If the USDT dominance falls, I think it is highly likely that the funds will be used to buy coins. Therefore, I believe that the rise and fall of USDT dominance is related to the rise and fall of the coin market. On January 11th, a chart was drawn that touched the 0.422 point as a strange sign. Accordingly, I think the period of volatility around January 15 has become even more important. -------------------------------------------------- ------------------------------------------- ** 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 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: Cigar price when opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 11Happy 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. -------------------------------------------------- ----- You need to make sure you can get support at point 38152.5. You should watch for any movement that deviates from the 35964.5-40340.0 segment. If it falls at 34107.5, a Stop Loss is needed to preserve profit and loss. If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend. Therefore, careful trading is necessary. Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow. Therefore, the flow until around January 15th is important. In the CCI-RC indicator, the CCI line is breaking below the uptrend line. Touch the EMA line and see if you can climb. If you find a good trend in the current situation, 1. A flow that goes sideways while being supported at 38152.5 2. Upward flow along the uptrend line (7) Also, we need to see if a flow similar to that of section A can come out. ------------------------------------------------ (BTC Dominance 1D Chart) You need to see if you can get resistance at the uptrend line (2). We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A. If it doesn't fall below the uptrend line (1), BTC dominance will eventually rise. Accordingly, it is necessary to check the price change of altcoins. ------------------------------------------------ (USDT Dominance 1D Chart) We are currently trying to break the downtrend line. You need to make sure you can get resistance in the 2.349-2.406 range. The next volatility period is around January 15th. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 10Happy 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. -------------------------------------------------- ----- You need to make sure you can get support at point 40340.0. You should also watch for any movement that deviates from the 40340.0-41433.5 segment. If it falls, you need to make sure you get support at 38152.5. If you touch the 27039.5-29350.0 section, I think there is a high possibility that it will turn into a downtrend. Accordingly, if it falls at 34107.5, a Stop Loss is required to preserve profit and loss. Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow. If the RS line rises above 80, further gains are expected. Accordingly, we need to see if we can get support by breaking above the 41433.5 point. However, from the CCI-RC indicator, it is expected that the CCI line will touch the uptrend line, so careful trading is necessary. If the CCI line breaks below the uptrend line, there is a possibility that the BTC price rise will rise shortly in the short term and then fall. You should watch for any movement that deviates from the 35964.5-44715.0 segment. At this point, you should check if you can climb along the uptrend line (7). We have to watch a little more because we know if the flow like section A comes out. --------------------------------------------- (BTC Dominance 1D Chart) You need to make sure you can get resistance at the 69.80 point. You should watch for any movement that deviates from 67.44-72.54. You should watch as you can touch the uptrend line in turn between January 14th and 21st. ----------------------------------------------- (USDT Dominance 1D Chart) It remains to be seen if the volatility around January 10th (January 9-11) leads to a movement that deviates from the 1.952-2.541 range. It is expected that there will be a further downturn or a move up after a sideways move. If it rises above the 2.406 point, the coin market is expected to begin to decline. At this point, you can touch the downtrend line (6) and go down, so you need to trade carefully. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy)-January 9Happy 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. -------------------------------------------------- ----- Make sure you can get support in the 40340.0-41433.5 section. It is important to move sideways above the 38152.5 point before around January 15th. If you decline at 38152.5, you need a short stop loss. However, short-term response is required. If you fall from 34107.5, you can touch the 29350.0 point, so 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. From the wRSI_SR indicator, the RS line is rising above the uptrend line (a). If the RS line stays above 80, it is expected to break away from the arrow flow. If it deviates from the arrow flow, further gains are expected. We have to see if the same flow as in section A will reappear. ------------------------------------------------ (BTC Dominance 1D Chart) You should watch for any movement that deviates from 69.80-72.54. ------------------------------------------------- (USDT Dominance 1D Chart) We must see if there is any movement that deviates from the 1.952-2.406 range due to volatility around January 10 (January 9-11). -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (including BTC, short-term strategy) - January 8Happy 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. -------------------------------------------------- ----- 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 7Happy 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin Futures Another Symmetrical TriangleBitcoin CME Futures are so gappy these days because of the high volatility during the weekends, so I decided to write my own script to follow them. This last one is looking like an exhaustion gap after having a breakout gap on lower levels. But currently, there is a symmetrical triangle, which if broken downside we might test the gap support line at 26,645$. However, if broken upside we might try making a double top or just go around 36,000$. I am being very careful with my positions on these levels, I am waiting for confirmation with a candle close or very high volume supporting the break. Let's see if we are finally going to get the retracement that everyone is waiting for.
CME:BTC1!
by mmladenoff
Bitcoin (including BTC, short-term strategy) - January 6Happy 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. -------------------------------------------------- ----- The volatility around January 7th (January 6-8) will have to see if there is any movement that deviates from the 32675.0-36378.0 range. You also need to see if you can climb above the 34526.5 point to gain support. If it falls into the 27039.5-29350.0 interval, it is likely to turn into a downtrend. Therefore, if it falls between 28972.0-29589.0, Stop Loss is necessary to preserve profit and loss. From the wRSI_SR indicator, the RS line is falling below 50. If the RS line rebounds here and rises more than 50, it must rise more than 80. If not, there is a high possibility that it will decline as the arrow flows. If it falls as the arrow flows, a lot of decline is expected. Accordingly, careful trading is necessary. The period to be checked for this movement is around January 7th-January 15th. On the CCI-RC indicator, you need to see if the CCI line can remain above the EMA line and can rise along the uptrend line. ----------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if we can drop below the 2.349 point and get resistance. You should watch the movement between January 5th and 10th. If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend. If it falls below the 2.349 point, I think it may lead to a'don't ask buy'. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 5Happy 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. -------------------------------------------------- ----- Volatility occurred from 34896.0 point to 27650.0. It remains to be seen if the volatility around January 7th after a sideways movement in the 30823.5-32058.0 section can increase. You need to see if you can climb along the uptrend line (6) between around 7th and 15th January. If you touch or not touch the uptrend line (6), and if it rises, it is expected to continue the uptrend. However, if it falls from the uptrend line (6), it is expected to touch the uptrend line (1). If there is a flow of this, I will tell you then. If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss. This is because if it falls between 27039.5-29350.0, it is highly likely to turn into a downtrend. It seems that we will be able to see if there is a move to increase the price higher or to decrease it. More important than anything else, is there a way to deal with the ongoing investment? If you don't yet have a way to deal with rising and falling prices, you need to think ahead. From the wRSI_SR indicator, the RS line is falling below 80 as it breaks below the SR line. If you touch the uptrend line (a), volatility may occur once again. At this point, you need to make sure that the BTC price is supported at 30823.5. ------------------------------------------------ (BTC Dominance 1D Chart) We'll see if we can get resistance at 69.80 and drop below 67.44. I think that the rise and fall of BTC dominance is not related to the rise and fall of the BTC price, but to the rise and fall of the altcoin price. Therefore, I think it has little to do with the decline in BTC price this time. If BTC dominance falls below the 67.44 point, the altcoin price is likely to be on an upward trend. Also, if it falls below the 63.38 point, the coin market is likely to be bullish. Therefore, it is not possible to predict the rise and fall of BTC price on the BTC dominance chart. ------------------------------------------------- (USDT Dominance 1D Chart) You should watch for movements that deviate from 2.349-2.754 between about January 5th and 10th. Specifically, you need to see if you can get resistance at the downtrend line (6). If the wRSI_SR indicator's short-term uptrend is resisted at the downtrend line (6), it is highly likely to lead to further declines. -------------------------------------------------- ------------------------------------------- ** 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 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: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC) - January 4 (including 1M, 1W charts)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. -------------------------------------------------- ----- (1M chart) If it falls in the 27039.5-29350.0 interval, I think it is highly likely to turn into a downtrend. On the wRSI-SR indicator, the RS and SR lines are located in the overbought section. Accordingly, it is expected to turn into a downtrend. (1W chart) I don't know if it makes any sense to compare, but the big wave and the flow of the wRSI_SR indicator show a similar flow. The rise in prices appears to be about three times larger than in 2019. Looking at the CCI_RC indicator, the CCI line has risen from 0 to over 100 in 2019, and is rising over 100 in 2020. (1D chart) You should watch for any movement that deviates from the 32675.0-34526.5 section. If it falls from 32058.0, it is better to respond with a short stop loss if possible. From the wRSI_SR indicator, volatility is expected around January 15th. To do this, you need to check in which section you are crossing. It remains to be seen if the volatility around January 7th causes any movement outside the 30823.5-34526.5 range. I think the ideal sidewalk is the sidewalk in the 32058.0-32675.0 section or above. If it falls below the uptrend line (6), I think the uptrend is likely to close. ----------------------------------------------- (BTC Dominance 1W Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. -------------------------------------------------- - (USDT Dominance 1D Chart) It remains to be seen if it can fall below the 2.349-2.406 section, the important section near the middle. Between January 5th-1st and 10th, we have to watch for movements that deviate from the 2.349-2.754 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 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - January 3Happy 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. -------------------------------------------------- ----- The Fibonacci retracement ratio designation point has been changed due to a large increase in price. Accordingly, there is a change in the point of the previous Fibonacci retracement rate. You need to make sure you can get support in the 32058.0-32675.0 section. If you fall from 32058.0 point, you can touch 30823.5 point, so you need to trade carefully. Accordingly, it is advisable to prepare a countermeasure for the application of short-term stop loss. If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss. However, you can touch and climb 27039.5 points, so you need to trade carefully. If it falls from the 27039.5 point, it is expected that the rebound will eventually turn into a downward trend. In the wRSI_SR indicator, the RS and SR lines are above 80 and are located in the overbought section. Accordingly, it is expected to turn into a short-term downtrend in the near future. There is a possibility of further gains as the SR line rises above 80 and breaks above the previous uptrend line. Therefore, you should check the movement between around 7th and 15th January. When it turns to a short-term downtrend, you need to make sure the CCI line is above the EMA line. ------------------------------------------------- (BTC Dominance 1D Chart) BTC dominance is on the rise as USDT dominance continues to decline. It shows that all funds are concentrated in BTC. If the USDT dominance rises in the current situation, I think there may be a sharp decline. Accordingly, it is recommended to watch the USDT Dominance Chart as well. It remains to be seen if it will hit the 75.13 point, which is expected to rise to the maximum. Although the BTC price continues to rise, it is necessary to check where altcoins are priced when the BTC price is moving sideways for a while. This means that all funds cannot be concentrated in BTC forever, so you have to watch the price change of altcoins you want to invest among altcoins for later. We need to see if BTC dominance can get resistance at point 72.54. -------------------------------------------------- - (USDT Dominance 1D Chart) Volatility around January 1 filled the 2.726-3.596 gap that occurred on August 31. You should see if you touch the 2.349-2.406 section. You should check the flow between January 5th and 10th. (1W chart) A point above 2.842 is a point toward the high point, and a point below 2.349 is a point toward the low point. A lot of money flowed into the coin market, and it seems that most of the money was used to buy coins. We don't expect the decline below the 2.349 point, but if it falls, a bigger bull market is expected. It remains to be seen how much greater usage will emerge as most of the funds are currently concentrated in BTC. -------------------------------------------------- ------------------------------------------- ** 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 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short-term strategy) - January 2Happy 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. -------------------------------------------------- ----- You should watch for any movement that deviates from the 28233.5-30224.0 section. If it falls at 28233.5, it is a short-term Stop Loss. You can temporarily touch near the 27039.5 point and climb, so you need to trade carefully. It remains to be seen if volatility around January 3-7 can rise along the uptrend line (6). From the wRSI_SR indicator, the SR line is at 78.9. If it rises above 80 and fails to enter the overbought zone, there is a possibility of a short-term downtrend. If there is an upward flow of 80 or more, there is a possibility of a rise that breaks the existing upward flow. Regardless of which direction you move, you should always have a countermeasure in both directions. -------------------------------------------------- ---- (BTC Dominance 1D Chart) It remains to be seen if it can move below the 69.80 point. After the plunge in XRP, the flow of BTC dominance appears to have broken. Therefore, it seems that you should not try to grasp the meaning, just check whether it rises or falls. With the continued decline in USDT dominance, it seems that the money in the coin market is being used to buy coins. Therefore, it is necessary to check the price flow of altcoins in the sideways BTC price and the upcoming short-term downtrend. -------------------------------------------------- - (USDT Dominance 1D Chart) It is falling below the 2.754 point. We have to see if we can move down along the downtrend line (6). You should check for movement between January 5th and 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 and 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short-term strategy) - January 1Happy 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 have to see if we can get support and climb at 28233.5. If it falls at 28233.5, it is a short-term Stop Loss. However, you need to trade carefully as you can touch the 27039.5 point or the uptrend line (6) and rise during the volatility period of January 2-8. If it falls from the 25579.5 point, a Stop Loss is required to preserve profit and loss. From the wRSI_SR indicator, the RS line touched 100, and a red inverted triangle was displayed. Accordingly, it is expected to turn into a short-term downtrend in the near future. In this short-term downtrend, we need to see if the BTC price is supported by the 26243.0-28233.5 range. Large volatility can occur as the volatility period of January 2-8 overlaps with the possibility of a short-term downtrend in the wRSI_SR indicator, so you need to set up support and resistance points and put your thoughts on how to trade later. A'Pull Back' pattern that rises while touching the 21800.0-24350.5 section may appear, so you should also consider countermeasures. You need to check the price movement of altcoins. Currently, most of the altcoins are moving sideways near important support points. Accordingly, we must see if the power being stored can rise as it radiates. -------------------------------------------------- ----- (BTC Dominance 1D Chart) We have to see if we can get below the 69.80 point. In order for altcoin price to rise, BTC dominance must fall. We need to see if volatility around January 1st could cause BTC dominance to decline. -------------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can get below the 2.754 point. If it falls below the 2.726 point, it fills the gap that occurred on August 31st. You need to see if you can continue to fall along the downtrend line (6). -------------------------------------------------- ------------------------------------------- ** 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 and 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)
BITMEX:BTCUSD.P
by readCrypto
1
BTC is likely to produce the first weekly line gap Bitcoin continues to hit new highs, which should be a happy day for all the bulls. But we all know that when you're accelerating, you're also getting close to the top. After topping $20,000, bitcoin was rising at a rate of almost $1,000 a day. Due to the technical problem of the weekend suspension of CME, there was a weekly level jump opening on Monday. If this gap is not filled by the end of the week, it becomes the first weekly line level gap. We all know that the CME has generated 3 daily line level gaps prior to this, and none of them have been patched up. But in 2018-19, the CME's Bitcoin contracts have always had gaps to fill. Now we are going to look at what happens when the CME produces a circular gap. For now, most people are likely to see bitcoin in need of adjustment, but it's not clear when that adjustment will begin or what form it will take. If this adjustment occurs next week, that is, after the confirmation of the cME weekly line gap, and is in the form of a large waterfall adjustment. Then a classic K - line shape may appear here - floating island. Those of you who like to study the K line are probably familiar with it. Of course, it's just a guess at the moment, depending on where bitcoin goes. Suggestion: At present, the gap between the long and short of the market is getting bigger and bigger, the contract position is also increasing, the shanzhai currency began to stagflate, THE XRP storm continues, the market risk is intensified, it is suggested that investors keep enough sense. Don't be the last to pay.
CME:BTC1!
by peter-l
1
Bitcoin (including BTC, short-term strategy) - December 31Hello? 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 we can get support and climb at 28233.5. It remains to be seen if the volatility around January 7th, after a sideways movement in the 28233.5-30224.0 interval, can rise along the uptrend line. If you go down at 28233.5, you have to think about whether you can set a short stop loss between 27039.5-28233.5. Touch the uptrend line (6) around January 3-7 and be aware of the volatility that occurs. --------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can get below the 69.80 point. ------------------------------------------------ (USDT Dominance 1D Chart) We have to see if we can get below the 2.754 point. We need to see if it will drop below the 2.726 point and fill the gap that occurred on August 31st. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 30Hello? 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 we can get support and climb in the 25579.5-26243.0 range. If it falls from the 25579.5 point, it is a short-term Stop Loss. Touch the uptrend line and be aware of the volatility that occurs. This is because this volatility could fall below the 25579.5 point. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, there may be a large'Pull Back' pattern that gains support and rises between 21800.0-24350.5. Accordingly, the final Stop Loss point is 21800.0 point. Therefore, since it is a Stop Loss section with a fairly large width, it is necessary to consider the setting in advance when proceeding with the Stop Loss. According to the wRSI_SR indicator, the RS line has risen above 80 and is in the overbought zone. If it falls below 80, it could turn into a short-term downtrend. At this point, you need to see where the BTC price is getting support and resistance. Judging from the wRSI_SR indicator alone, there are times when great volatility can emerge. -When RS line crosses 20, 50, 80 points -When RS line and SR line cross Since the wRSI_SR indicator or CCI-RC indicator is drawn based on the closing price, you must first check the flow of price and volume. Interpretation methods for the indicators in use are explained one by one at an important point in the flow. So, if you read the charts that I publish every day, you can understand all the metrics I use. ------------------------------------------------ (BTC Dominance 1D Chart) It remains to be seen if it can decline at 69.80. -------------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can move down to the 2.754 point. -------------------------------------------------- - (OTHERS Dominance 1D Chart) (Total dominance of remaining coins minus BTC and major coins) We have to see if we can get support at the 6.23 point and turn the trend. It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3). It remains to be seen if altcoins can start rising in price. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin (including BTC, short-term strategy) - December 29Hello? 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. -------------------------------------------------- ----- You should watch for any movement that deviates from the 26243.0-30224.0 section. If it falls at 25579.5, it is a short-term stop loss. We need a strategy to prepare for this trend, as it is likely to gain support and rise in the 21800.0-24350.5 range. Touch the uptrend lines (6) and (1) and be aware of the volatility that occurs. It is at a price point where it will be so high that it won't be weird anytime the BTC price drops. Therefore, a response plan for the plunge must be in place. As the USDT dominance touched the 2.754 point on December 27th, it seems that altcoins' price movements have become active. Therefore, I think the likelihood that altcoins will be on the uptrend in January has increased. If you always watch the USDT Dominus chart together and trade, I think you will get a lot of help. -------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. We believe that the plunge in XRP, which has a high market cap ranking, contributed to the rise in BTC dominance. Therefore, it seems that BTC dominance should only check the flow of decline and rise. (XRP Dominance 1W Chart) It is expected to break below the 1.38 point for the first time after breaking above the 1.38 point in March 2017. ------------------------------------------------- (USDT Dominance 1D Chart) As you move down along the downtrend line (6), you need to make sure it touches the 2.754 point. If it does not rise above the downtrend line (2) or the 3.285 point, the downtrend is expected to continue. We believe that the USDT dominance should fall so that the coin market is likely to be on an uptrend. -------------------------------------------------- ------------------------------------------- ** 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 and 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short term strategy) - December 28Hello? 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 we can get support at the 25579.5-26243.0 section and move up along the uptrend line. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, since you can gain support and climb in the 21800.0-24350.5 section, you need to think about how to proceed with Stop Loss. ----------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. -------------------------------------------------- - (USDT Dominance 1D Chart) We'll see if we can get resistance at the 2.970 point and see if it can go down. By falling below the 2.842 point, the altcoin price is expected to rise. However, it is still unclear whether that price increase can continue. The next volatility period is around January 1-10. In particular, be aware of the volatility around January 1st (December 31st-January 2nd) and January 10th (January 9th-11th). -------------------------------------------------- ------------------------------------------- ** 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) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 and losses can be preserved or additionally entered through installment trading. You should trade from 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
5
Bitcoin (including BTC, short-term strategy) - December 27Hello? 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 we can get support and climb in the 25579.5-26243.0 range. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, it may decline to the 21800.0-24350.5 range and then rise, so careful trading is necessary. Unpredictable market conditions continue day after day. In this situation, I think it is better to continue trading with the existing coins rather than increasing new investments. However, there is little trading that can be done because altcoins' movement is slow and fluctuations are small. I think it's a good idea to stop trading for a while if there is movement within the range of support and resistance you have set. If you want to make a new investment in BTC, you also need to be careful. I don't think it is a good idea to invest in the spot market in such a market situation (the market situation where only BTC prices rise significantly). This is because it is located at a significant peak, so every time a price adjustment is made, there is a high likelihood of a stop loss. Therefore, I think it is better to use the Perpetual market or Futures market, which are derivatives. This is a product that can be invested both when it rises and when it falls, so it is located in the peak section, and I think it is worth challenging in the current market situation. If the leverage is 1x, you can trade in an environment similar to the existing spot market. However, you should first study how to invest in derivatives. -------------------------------------------------- - (BTC Dominance 1W Chart) BTC dominance is rising to near 72.54 for the first time since September 2019 Altcoins are showing a significantly lower price increase compared to the BTC price increase. Only some of the altcoins are recording cyclically pumping increases. I don't think it is a normal market situation. -------------------------------------------------- ---- (USDT Dominance 1D Chart) We have to see if we can get below the 2.970 point. You will also need to watch for possible movements that deviate from 2.754-3.374. -------------------------------------------------- ------------------------------------------- ** 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) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 and losses can be preserved or additionally entered through installment trading. You should trade from 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short term strategy) - December 25Hello? 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. -------------------------------------------------- ----- With support at 22925.0, it remains to be seen if it can climb along the uptrend line (1). It remains to be seen if the volatility around December 27 could rise above the 24252.5 point. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, it is possible to temporarily touch and climb the 24273.5-21422.5 section, so careful trading is necessary. If you climb above the 24252.5 point and get support, you can expect a move to ascend to the 25579.5-26253.0 section. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 and losses can be preserved or additionally entered through installment trading. You should trade from 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC) - December 25Hello? 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 get support at 23502.86 and move above the 23800.0 point along the uptrend line (6). If it declines at 21632.57, a Stop Loss is required to preserve profit and loss. Last volatility day around December 24th. Therefore, careful trading is necessary. The next volatility period is from December 29 to January 4. In the wRSI_SR indicator, the RS line has entered the oversold section. It seems that they did a good job defending the price in a short-term downtrend. You need to close the short-term downtrend well and see if you can turn to the short-term uptrend. -------------------------------------------------- - (OKEX BTCUSDT 1D chart) We have to see if we can get support at 23296.8 and rise above 23819.3. You also need to see if you can climb along the uptrend line (5). If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss. The volatility around December 27th (December 26th-28th) will keep an eye out for any movement that deviates from the 22087.0-24506.6 range. -------------------------------------------------- ----- (Coinbase BTCUSD 1D chart) We'll have support at 23474.30 and see if it can move above 23776.94 along the uptrend line (5). If it falls at 21612.58, you need Stop Loss to preserve your profit and loss. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 and losses can be preserved or additionally entered through installment trading. You should trade from 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto