readCrypto

Bitcoin (BTC) - January 18

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend

41950.0-46930.0 or more: Expected to create a new wave.


You need to see if you can move up along the uptrend line (3).
Accordingly, it is necessary to ensure that the price is maintained above the 41950.0 point.

A decline from the uptrend line (3) could lead to a decline towards the uptrend line (4), so you need to think about how to respond.

However, careful trading is required as it is expected to continue to move sideways near the 28K-32K section, which is a strong support section.



(1D chart)
First resistance section: around 54825.02
Second resistance section: 60383.36-63162.53

First support section: around 38150.02
Second support section: 27033.35-29812.52


The volatility between the 16th and 18th of January needs to be checked to see if there is any movement outside the C section of the uptrend channel.

If you can't get out of section C, make sure you climb along section C.

If the movement continues within the C section, there is a possibility of volatility around January 28th.


(from a short-term perspective on a 1D chart)
- The low point has risen from 40526.64 -> 41679.74.

Therefore, if the price is maintained above the 40526.64-41679.74 section, it is expected to rise.


- The oversold point has risen to 37252.01 -> 42729.29.

Therefore, it is important to maintain the price above the 42729.29 point.

If it falls from the 40526.64-41679.74 section, which is the point section, it can fall near the 37252.01 point, so careful trading is required.

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It is expected that the price will change to an uptrend when it rises above the MS-Signal indicator to maintain the price.

However, since the 46487.52-49266.69 section is an important section that determines the trend, it is expected that the upward trend will accelerate when it rises above this section, so careful trading is required.

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, 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 to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:
(BTCUSD 1M Chart)
Resistance section: 41986.37-47044.01

Support section: 35060.0-37279.31

Strong support section (boundary section between uptrend and downtrend from a long-term perspective): 27678.0-29321.90


A move above the 47044.01 point is expected to accelerate the uptrend.


If you fall from an uptrend line, you are expected to touch the next uptrend line, so you need to think about what to do with it.


In the wRSI_SR indicator, when the RS line fell below the 20 point and then rose above the SR line, there was a large upward trend.

After the RS line fell below the 20 point in July 2021, it showed an upward trend, but it has not risen above the SR line.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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