readCrypto

Bitcoin (BTC)-January 1

BINANCE:BTCUSDT   Bitcoin / TetherUS
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You need to make sure you can get support from 29113.71-29737.14.

Depending on how you trade, the short-term stop loss point can be 27243.43 points or 28422.0 points.

If you are confident in short-term trading, you can proceed with split trading depending on the situation by proceeding with Stop Loss at 28422.0 point.

If you are doing more than a normal swing trade, you can proceed with a Stop Loss at 27243.43.

If it falls at 24749.72, you need a Stop Loss to preserve your profit or loss.

However, it is necessary to trade carefully as it can rebound after touching the 22797.16-23800.0 section, which has been sideways.

The boundary between the rebound and the upside is expected to be determined by whether there is support or resistance between 24749.72-25373.14.

The volatility around January 3rd (January 2-4) will require you to see where you are getting support and resistance.

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(OKEX BTCUSDT 1D chart)
You need to make sure you can get support in the 28741.0-29346.0 section.
With volatility around January 3rd, you need to see where you are getting support and resistance.
If it falls at 26926.3, it is a short-term Stop Loss.

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(Coinbase BTCUSD 1D chart)
You need to make sure you can get support in the 29059.46-29680.03 section.
If it falls from 27197.74, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
We have to see if we can get below the 69.80 point.
In order for altcoin price to rise, BTC dominance must fall.
We need to see if volatility around January 1st could cause BTC dominance to decline.

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(USDT Dominance 1D Chart)
We have to see if we can get below the 2.754 point.
If it falls below the 2.726 point, it fills the gap that occurred on August 31st.
You need to see if you can continue to fall along the downtrend line (6).

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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)
** 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 and 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/
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