Bitcoin (BTC) - January 22 (volatility period until January 24)
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(1M chart)
(1W chart)
The 33949.53 point was the point where Stop Loss was needed to preserve profit and loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29300.0 -33949.53 section.
We need to see if the volatility around January 22nd (January 21-23) can rise along the uptrend line (7) and if you can touch the 29300.0 point and climb along the uptrend line (6).
In the wRSI_SR indicator, the RS line did not rise more than 50 and fell below 20 again.
If both BTC dominance and USDT dominance rise during this period, I think there is a high possibility of a sharp decline.
We have to see if we can quickly climb above the 31467.43 point.
You should see if the OBV on the volume indicator is falling.
If OBV falls and touches the 353.265K point and turns upward, we expect further gains as there are many buys.
In conclusion,
If you touch the 27079.41-29300.0 section and climb, it is expected to create an'N' or'M' pattern.
However, it remains to be seen if it breaks above the downtrend line (9).
If it falls from 27079.41, it is likely to touch the 21677.27-22765.06 interval.
The 1D chart shows a bad appearance, but the 1W chart and 1M chart are still on the uptrend.
If you've done mechanical trading, you'll be watching the current situation by watching the Stop Loss point, but most of the time it's not expected.
Most of the time, if it has declined, it is supposed to show a rebound or rise.
Accordingly, if you preserve profit or loss by proceeding with installment trading that suits your evaluation price, we hope that you have funds to cope with future situations.
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(OKEX BTCUSDT 1D chart)
The 34559.3 point was the point where short-term Stop Loss was required.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29309.0 -34559.3 interval.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
The 34030.64 point was the point where Stop Loss was needed to preserve profit and loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29321.90-34030.64 section.
-------------------------------------------------- -
(BTC Dominance 1D Chart)
It remains to be seen if the volatility around January 21 results in any movement that deviates from the 64.86-65.89 range.
The volatility period around January 21st (January 20-22) is expected to be a significant turnoff.
If BTC dominance turns upward in the current situation, there is a possibility that the coin market will plummet.
--------------------------------------------------
(USDT Dominance 1D Chart)
With volatility around January 23rd (January 22nd-24th), we need to touch the 2.842 point or the downtrend line (2) and see if it can fall.
We need to see if we can move below the 2.541 point to stop the short-term uptrend.
-------------------------------------------------- -------------------------------------------
** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
-------------------------------------------------- -------------------------------------------
** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
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 following postings are possible after 9 hours due to personal business.
-------------------------------------------------- -----
(1M chart)
(1W chart)
The 33949.53 point was the point where Stop Loss was needed to preserve profit and loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29300.0 -33949.53 section.
We need to see if the volatility around January 22nd (January 21-23) can rise along the uptrend line (7) and if you can touch the 29300.0 point and climb along the uptrend line (6).
In the wRSI_SR indicator, the RS line did not rise more than 50 and fell below 20 again.
If both BTC dominance and USDT dominance rise during this period, I think there is a high possibility of a sharp decline.
We have to see if we can quickly climb above the 31467.43 point.
You should see if the OBV on the volume indicator is falling.
If OBV falls and touches the 353.265K point and turns upward, we expect further gains as there are many buys.
In conclusion,
If you touch the 27079.41-29300.0 section and climb, it is expected to create an'N' or'M' pattern.
However, it remains to be seen if it breaks above the downtrend line (9).
If it falls from 27079.41, it is likely to touch the 21677.27-22765.06 interval.
The 1D chart shows a bad appearance, but the 1W chart and 1M chart are still on the uptrend.
If you've done mechanical trading, you'll be watching the current situation by watching the Stop Loss point, but most of the time it's not expected.
Most of the time, if it has declined, it is supposed to show a rebound or rise.
Accordingly, if you preserve profit or loss by proceeding with installment trading that suits your evaluation price, we hope that you have funds to cope with future situations.
-------------------------------------------------- -
(OKEX BTCUSDT 1D chart)
The 34559.3 point was the point where short-term Stop Loss was required.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29309.0 -34559.3 interval.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
The 34030.64 point was the point where Stop Loss was needed to preserve profit and loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29321.90-34030.64 section.
-------------------------------------------------- -
(BTC Dominance 1D Chart)
It remains to be seen if the volatility around January 21 results in any movement that deviates from the 64.86-65.89 range.
The volatility period around January 21st (January 20-22) is expected to be a significant turnoff.
If BTC dominance turns upward in the current situation, there is a possibility that the coin market will plummet.
--------------------------------------------------
(USDT Dominance 1D Chart)
With volatility around January 23rd (January 22nd-24th), we need to touch the 2.842 point or the downtrend line (2) and see if it can fall.
We need to see if we can move below the 2.541 point to stop the short-term uptrend.
-------------------------------------------------- -------------------------------------------
** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
-------------------------------------------------- -------------------------------------------
** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
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