Hello?
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.
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We need to see if we can get support at 31467.43 and climb above 33949.53.
In particular, it remains to be seen if it can rise along the uptrend line (6).
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 even more important to be able to get support at the 31469.43 point.
The volatility period is around January 28th-around February 2nd.
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(OKEX BTCUSDT 1D chart)
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)
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)
We have to see if we can get below the 63.38 point.
As BTC prices rise, BTC dominance may temporarily rise.
I think this is a problem that can arise as funds are concentrated in BTC.
I think there is a public sentiment that once funds start to concentrate, they will continue to concentrate.
Accordingly, I think it is the time when BTC price is expected to rise.
However, there is a need for USDT dominus to fall.
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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 2.541 point.
In order to increase the price of the coin market, funds must be used to buy coins.
Accordingly, USDT dominance should continue to decline.
Currently, USDT dominance is falling a lot.
After the flow of section A, it shows a similar flow for the second time.
So, we have to see if we can get resistance at the downtrend line (2) and move down.
The next period of volatility is between February 3 and 16, and I think it is likely to determine the direction at the intersection of the downtrend line (2) and the short-term uptrend line.
Amid these movements, we need to see where BTC prices are getting support and resistance.
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** 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 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.
-------------------------------------------------- -----
We need to see if we can get support at 31467.43 and climb above 33949.53.
In particular, it remains to be seen if it can rise along the uptrend line (6).
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 even more important to be able to get support at the 31469.43 point.
The volatility period is around January 28th-around February 2nd.
------------------------------------------------
(OKEX BTCUSDT 1D chart)
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.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
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.
--------------------------------------------
(BTC Dominance 1D Chart)
As BTC prices rise, BTC dominance may temporarily rise.
I think this is a problem that can arise as funds are concentrated in BTC.
I think there is a public sentiment that once funds start to concentrate, they will continue to concentrate.
Accordingly, I think it is the time when BTC price is expected to rise.
However, there is a need for USDT dominus to fall.
--------------------------------------------------
(USDT Dominance 1D Chart)
In order to increase the price of the coin market, funds must be used to buy coins.
Accordingly, USDT dominance should continue to decline.
Currently, USDT dominance is falling a lot.
After the flow of section A, it shows a similar flow for the second time.
So, we have to see if we can get resistance at the downtrend line (2) and move down.
The next period of volatility is between February 3 and 16, and I think it is likely to determine the direction at the intersection of the downtrend line (2) and the short-term uptrend line.
Amid these movements, we need to see where BTC prices are getting support and resistance.
-------------------------------------------------- -------------------------------------------
** 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 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)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
