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)
Catatan
(XBTUSD 1h chart)-Short term strategy The short-term strategy between the intervals 27607.0-28105.5 and 31096.5-31595.0 was published.
The ascent range of section A and the rise range of section B are different. You can see that the strength required to ascend is weak. As mentioned in the 1D chart description, we need to think about preparing for a short-term downtrend.
(LONG) 1. Entry point: When breaking above the 28233.5 point Target point: 1st 29601.0 point or higher, 2nd 30224.0 point or higher Stop Loss: 27750.5 point (However, if it does not exceed the 28744.0 point, it is Stop Loss.)
2. Entry point: When it exceeds 31595.0 point Target point: 32592.0 point or higher Stop Loss: 31096.5 point
(SHORT) 1. Entry point: When breaking below 31096.5 point Target point: 1st 29601.0 point or less, 2nd 28744.0 point or less Stop Loss: 31595.0 point (However, since you can touch the 30224.0-30887.5 range and climb, you need to trade carefully.)
2. Entry point: When breaking below the 27607.0 point Target point: 26610.5 point or less Stop Loss: 28105.5 point (However, if it does not break below the uptrend line, it is Stop Loss.)
Catatan
(OKEX BTCUSDTPERP 1h chart)-Short term strategy A short-term strategy between the 27548.0-28042.9 section and the 31012.3-31507.2 section is published.
As mentioned in the 1D chart description, we need to think about preparing for a short-term downtrend.
(LONG) 1. Entry point: When exceeding the 28042.9 point Target point: 1st 29398.7 or higher, 2nd 30611.3 or higher Stop Loss: 27548.0 points (However, if it fails to break above the uptrend line or 28792.5 point, it is Stop Loss.)
2. Entry point: When breaking above 31507.5 point Target point: 32430.0 point or higher Stop Loss: 31012.3 point (However, if it does not break above the uptrend line or 31823.8 point, it is Stop Loss.)
(SHORT) 1. Entry point: When breaking below 31012.3 point Target point: 1st 29527.6 or less, 2nd 28792.5 or less Stop Loss: 31507.2 point (However, if it does not break below the 30611.3 point or the upward trend line, it is a Stop Loss.)
2. Entry point: When breaking below the 27548.0 point Target point: 26558.2 point or less Stop Loss: 28042.9 point (However, if it does not break below the uptrend line, it is Stop Loss.)
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.