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.
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(BTC Dominance 1D Chart) It remains to be seen if it can decline at 69.80.
(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)
Not
(CME Bitcoin (BTC1!) 1D chart) It started with a rise in the gap (27210.0-27315.0). You need to make sure you get support at point 27465.0.
If it falls, it remains to be seen if it can gain support at the 24965.0-25590.0 range and move up along the uptrend line.
If it falls from the 24965.0 point, a Stop Loss is required to preserve profit and loss. By the way, you can touch the uptrend line and go up, so you need to trade carefully.
Not
(XBTUSD 1h chart)-Short term strategy A short-term strategy for the sideways and out-of-phase flows in the 25115.0-25613.5 section and the 27607.0-28105.5 section has been published.
(LONG) 1. Entry point: When exceeding the 25613.5 point Target point: 1st 26610.5 or higher, 2nd 27607.0 or higher Stop Loss: 25115.0 point
2. Entry point: When it exceeds 28105.5 point Target point: 29601.0 point or higher Stop Loss: 27607.0 point
(SHORT) 1. Entry point: When breaking below the 27607.0 point Target point: 1st 26610.5 or less, 2nd 25613.5 or less Stop Loss: 28105.5 point
2. Entry point: When breaking below 25115.0 point Target point: less than 24252.5 point Stop Loss: 25579.5 point
Not
(OKEX BTCUSDTPERP 1h chart)-Short term strategy Short-term strategies have been published for the sideways and deviant flows in the 25073.5-25568.4 section and the 27548.0-28042.9 section.
(LONG) 1. Entry point: When breaking above the 25568.4 point Target point: 1st 26558.2 point or higher, 2nd 27548.0 point or higher Stop Loss: 25154.9 point
2. Entry point: When exceeding 28042.9 point Target point: 28792.5 points or more Stop Loss: 27548.0 points
(SHORT) 1. Entry point: When breaking below the 27548.0 point Target point: 1st 26558.2 or less, 2nd 25568.4 or less Stop Loss: 28042.9 point
2. Entry point: When breaking down from 25073.5 point Target point: 24548.7 point or less Stop Loss: 25568.4 point
Not
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (27177.5-27780.0). We need to make sure we can get support at point 27780.0.
If it falls, it remains to be seen if it can gain support at the 25405.0-26058.0 range and climb along the uptrend line.
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