Bitcoin (BTC) - January 3
Happy New Year!!!
Dear traders, nice to meet you.
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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.
We have to see if we can get support on the 32053.74-32671.63 section.
If you go down from 32053.74, you can touch 30817.95, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls between 28422.0-28964.72, Stop Loss is required to preserve profit and loss.
The volatility around January 3rd (January 2-4) will require you to see where you are getting support and resistance.
I think the level of predicting how far it will rise has passed.
I think the current situation is an area of response.
Accordingly, you need to prepare a countermeasure for the point or section of support and resistance you think of.
From the wRSI_SR indicator, the RS line rose by more than 100 and the SR line by 80 or more.
Accordingly, a short-term downtrend is expected in the near future.
It's also unpredictable where you can get support.
However, if it is supported above 30817.95, I think it is the best trend for now.
As I said before, if you want to sell at the highs, you have no choice but to sell at the peak.
Even if this high may not be the true high, I think this is the only way to sell at the high.
Therefore, I think it is necessary to focus on how to respond to support and resistance points or sections rather than trying to sell from the highs.
You cannot sell at the highs with this, but I think you can continue to trade stable.
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(OKEX BTCUSDT 1D chart)
The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
Make sure you can get support in the 31611.5-32211.6 section.
If you fall from 31611.5 point, you can touch 30411.3 point, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls in the 28165.8-28611.0 section, a Stop Loss is required to preserve profit and loss.
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(Coinbase BTCUSD 1D chart)
The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
You need to make sure you can get support on the 32063.87-32681.37 section.
If you go down from 32063.87, you can touch 30828.88, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls between 28387.0-28976.39, Stop Loss is required to preserve profit and loss.
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(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)
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.
We have to see if we can get support on the 32053.74-32671.63 section.
If you go down from 32053.74, you can touch 30817.95, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls between 28422.0-28964.72, Stop Loss is required to preserve profit and loss.
The volatility around January 3rd (January 2-4) will require you to see where you are getting support and resistance.
I think the level of predicting how far it will rise has passed.
I think the current situation is an area of response.
Accordingly, you need to prepare a countermeasure for the point or section of support and resistance you think of.
From the wRSI_SR indicator, the RS line rose by more than 100 and the SR line by 80 or more.
Accordingly, a short-term downtrend is expected in the near future.
It's also unpredictable where you can get support.
However, if it is supported above 30817.95, I think it is the best trend for now.
As I said before, if you want to sell at the highs, you have no choice but to sell at the peak.
Even if this high may not be the true high, I think this is the only way to sell at the high.
Therefore, I think it is necessary to focus on how to respond to support and resistance points or sections rather than trying to sell from the highs.
You cannot sell at the highs with this, but I think you can continue to trade stable.
-------------------------------------------------- --------
(OKEX BTCUSDT 1D chart)
The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
Make sure you can get support in the 31611.5-32211.6 section.
If you fall from 31611.5 point, you can touch 30411.3 point, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls in the 28165.8-28611.0 section, a Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -------
(Coinbase BTCUSD 1D chart)
The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
You need to make sure you can get support on the 32063.87-32681.37 section.
If you go down from 32063.87, you can touch 30828.88, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for short-term stop loss application.
If it falls between 28387.0-28976.39, Stop Loss is required to preserve profit and loss.
-------------------------------------------------
(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)
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Other content (coins, stocks, etc.) is frequently posted on X.
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