Bitcoin (BTC) - January 26 (volatility period around January 28)

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It remains to be seen if it can break off the short-term downtrend line (10), get support at 31467.43 and rise above 33949.53.

If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.


Since I touched more than 33949.53, I think I left the door to the ascent.
Accordingly, I think it has become more important to be able to get support at the 31469.43 point.


It remains to be seen if the width of the buy (green) can increase as the OBV on the volume indicator turns upward.
Also, on the CCI-RC indicator, we must see if the CCI line can touch 100 and rise.


The volatility period is around January 28th-around February 2nd.
As a result, considerable volatility may occur, so you should check and set the support and resistance points of your coins and watch the situation.

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(OKEX BTCUSDT 1D chart)
Snapshot
We have to see if we can get support at 31181.4 and rise above 34413.4.
If it falls, you need to see if it can rise along the uptrend line (5).

If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.

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(Coinbase BTCUSD 1D chart)
Snapshot
We have to see if we can get support at 31527.50 and climb above 34030.64.
If it falls, you need to see if it can rise along the uptrend line (5).

If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.

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(BTC Dominance 1D Chart)
Snapshot
It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 63.38-65.89 range.
In particular, it remains to be seen if it can decline along the downtrend line (3).

However, as the BTC price rises, BTC dominance may temporarily rise.
I think this is a phenomenon where funds are concentrated on buying BTC.

However, since we think that the rise and fall of BTC dominance is related to the rise and fall of altcoins, it is supposed to affect the price of altcoins.

In order to rise higher, I think there must be an increase in the BTC price first and then an altcoin.

Now again, we have to see if the BTC price could go up.

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(USDT Dominance 1D Chart)
Snapshot
I think the rise and fall of USDT dominance is related to the trend of the coin market as a whole.
Accordingly, in order to keep the coin market uptrend, USDT dominance must be on the decline.

Section B is forming second after section A.
We have to see if we can get resistance and move downward at the downtrend line (2) or at 2.842

As such, it remains to be seen if the volatility around January 29 can touch the 2.842 point and the downtrend line (2) and fall.

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** 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)
** 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)

Anmerkung
Sorry.
The date indicated in the title is incorrect.
Posted on January 27th :(
Anmerkung
(XBTUSD 1h chart)
(UTC) Snapshot

Make sure it moves in the direction of the arrow indicated on the chart.
Movement is expected around January 27, 09:00 (UTC).
Anmerkung
(XBTUSD 1h chart)
(UTC) Snapshot
It is falling at the downtrend line (4).
Accordingly, you should touch the A section (29350.0-rising trend line (1)) and see if it can rise.
Anmerkung
(BTCUSDT 1h chart)
(UTC) Snapshot
Now that a period of volatility has begun, I think it's better to watch the situation and see where it's getting support and resistance, rather than predicting it.

It is currently falling at the short-term downtrend line (10).
I think we need to see which trend line is moving around 01:00 (UTC) 10:00 (KST) on January 29, with support at the 29300.0-rising trend line (6).

In order to increase the BTC price, we believe that the flow of BTC dominance should rise as funds are concentrated toward BTC.
At this time, USDT dominance should decline as a prerequisite.

If BTC price declines, BTC dominance rises, and USDT dominance rises at the same time, and falls at 27079.41, a plunge may occur and a bearish market may begin.

We recommend that you prepare for this and watch the market situation.

This volatility period is around January 28th-February 2nd.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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