Bitcoin (XBT) - January 27 (volatility period around January 28)
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With volatility starting around January 28 (January 27-29), you can touch 29350.0 points and 35964.5 points, so you need to trade carefully.
In particular, we have to touch the 31589.5 point and see if it can move higher, breaking off the short-term downtrend line (9).
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
We have to see if the RS line can break above 50 points on the wRSI_SR indicator.
On the CCI-RC indicator, we need to see if the CCI line can touch 100 points and rise.
Volatility can occur when the above indicators move.
In order to prevent loss due to volatility that occurs at this time, it is recommended to set a wide support and resistance point for the coins you hold.
The volatility period is a period where it is difficult to predict the flow, so it is not recommended to trade by predicting it early.
Accordingly, it is recommended to stop trading for a while and check the movement.
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(BTC Dominance 1D Chart)
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)
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)
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.
-------------------------------------------------- -----
With volatility starting around January 28 (January 27-29), you can touch 29350.0 points and 35964.5 points, so you need to trade carefully.
In particular, we have to touch the 31589.5 point and see if it can move higher, breaking off the short-term downtrend line (9).
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
We have to see if the RS line can break above 50 points on the wRSI_SR indicator.
On the CCI-RC indicator, we need to see if the CCI line can touch 100 points and rise.
Volatility can occur when the above indicators move.
In order to prevent loss due to volatility that occurs at this time, it is recommended to set a wide support and resistance point for the coins you hold.
The volatility period is a period where it is difficult to predict the flow, so it is not recommended to trade by predicting it early.
Accordingly, it is recommended to stop trading for a while and check the movement.
--------------------------------------------
(BTC Dominance 1D Chart)
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.
--------------------------------------------------
(USDT Dominance 1D Chart)
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.
-------------------------------------------------- -------------------------------------------
** 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
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (31950.0-32655.0).
We must see if we can ascend above the 33780.0 point.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
It will be supported at 31400 and see if the volatility around January 27 will cause any movement to deviate from the 28205.0-34595.0 range.
If it falls, we need to see if it can rise along the uptrend line (2).
Anmerkung
(XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will end up losing more.
If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.
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(LONG)
1. Entry point: When it exceeds 31587.5 point
Target point: 1st 32584.5 points or higher, 2nd 33581.5 points or higher
Stop Loss: 31089.0 point
2. Entry point: When it exceeds 34080.0 point
Target point: 35575.0 point or higher
Stop Loss: 33581.5 points
(SHORT)
1. Entry point: When breaking below the 33581.5 point
Target point: 1st 32584.5 or less, 2nd 31587.5 or less
Stop Loss: 34080.0 point
2. Entry point: When breaking below 31089.0 point
Target point: 29593.5 points or less
Stop Loss: 31587.5 points
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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss.
I think you understand where the movement begins.
We are trying to tell you easily in a format that anyone can understand.
However, I think whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you have invested a lot of time and verified it.
It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies will increase your ability to trade mechanically, I think if you proceed, you will definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When it exceeds 31504.0 point
Target point: 1st 32493.9 point or higher, 2nd 33483.7 point or higher
Stop Loss: 31009.2 point
2. Entry point: When breaking above 33978.6 point
Target point: 35463.3 points or more
Stop Loss: 33483.7 points
(SHORT)
1. Entry point: When breaking below 33483.7 point
Target point: 1st 32493.9 or less, 2nd 31504.1 or less
Stop Loss: 33978.6 point
2. Entry point: When breaking below 31009.2 point
Target point: 29524.5 points or less
Stop Loss: 31504.1 point
Anmerkung
(BAKKT Bitcoin (BTM1!) 1D chart)It started with a drop in the gap (33062.5-32475.0).
We have to see if we can get support at 31312.5 and climb above 34220.0 for support.
You also need to see if you can climb along the uptrend line (3).
The next volatility period is around February 2nd.
Anmerkung
(XBTUSD 1h chart)(UTC)
Make sure it moves in the direction of the arrow indicated on the chart.
Movement is expected around January 27, 09:00 (UTC).
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