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.
** 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.
You should see the flow before and after the time indicated on the chart.
(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.
You should see the flow before and after the time indicated on the chart.
(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.)
Catatan
(Binance BTCUSDT 1D chart) We have to touch the 30984.0 point and see if we see a short-term downtrend. If there is a short-term downtrend, it is likely to move sideways between 29737.14-30984.0. The next volatility period is around January 12th.
(XBTUSD 1D chart) We have to see if we can get support above 30887.5. If there is a short-term downtrend, it remains to be seen if it can move sideways above the 30224.0 point. In the wRSI-SR index, the SR line has risen more than 80. Accordingly, I think there is an uptrend that breaks the previous uptrend. This trend may lead to around January 15th. However, a short-term downtrend may occur due to volatility around January 7th, so careful trading is necessary.
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