The point that must be supported during periods of volatility is
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(USDT 1D chart)
(USDC 1D chart)
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.
We need to see if it can rise above 42.72.
(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.
We need to see if it can drop below 8.41.
---------------------------------------
(BTCUSDTPERP 1D Chart)
If the price holds above 16422.6, the new trend is expected to continue.
Therefore, the key is whether it can be supported in the 16422.6-16580.6 section or higher and rise above MS-Signal.
StochRSI renewed its recent highs and appears to be trying to break out of the overbought zone.
When the price breaks out of the overbought zone, it is important to be able to maintain the price above 16422.6.
If possible, it is necessary to check whether the force to sell is blocked at the source by rising above 16730.0, which was supported.
The next period of volatility is around January 6th.
It's an important move to overcome going forward.
To continue the new trend, we need to keep the price above 16422.6.
It needs to rise above 17108.7 to continue the short-term uptrend.
In order to turn into a mid- to long-term uptrend, it must rise above 17864.7.
To create a new trend change, it needs to break out of the downtrend line (1).
(1h chart)
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
A 'LONG' position entered near 16422.6-16580.6 was closed by touching the entry price.
The 'SHORT' position entered in the 16938.1-16984.9 section was carried out until the second round of selling.
Accordingly, the end of the transaction is
1. When touching the M-Signal of the 1D chart
2. When it falls to the entry price
It is recommended to terminate by the above two methods.
By touching the 16422.6-16580.6 section, a new 'LONG' position has been entered.
Accordingly,
1st : 16730-16801.2
2nd: 16938.1-16984.9
It is recommended to sell in the above range.
When trading futures, you will usually find reference points for your trades on the time frame charts you are viewing and trading.
These criteria tend to force trades to close due to sharp price movements, i.e. whipsaws.
Therefore, rather than finding a standard in the time frame chart you are looking at, you should create a standard in a chart that is more than a 1D chart.
Then, with the created standard, you should proceed with trading by utilizing it on the time frame chart you are looking at, so it is highly likely to prevent the forced termination of trading due to sudden volatility.
Looking at my chart, I am trading by adding important support and resistance points on the 1h chart, such as 16801.2 (1h) and 16938.1 (1h).
The 16730.0-16801.2 section is currently consolidating, that is, a support and resistance section.
Therefore, entering a position near this section is likely to make your psychology tired, so I think it's better to wait until you've moved away from this section to some extent.
Therefore, the new position point is
1. 'SHORT' when receiving resistance around 16938.1-16984.9
2. 'LONG' when supported around 16422.6-16580.6
I think the above two are suitable for entering a new position.
However, entry into a full-fledged position
1. 'LONG' when supported at 17108.7 and rising
2. Receiving resistance at 16422.6 and 'SHORT' when falling
There are two entry methods as above.
When you start a trade, choosing a trade point excluding your own state of mind is very likely to result in a trade failure.
Therefore, it is recommended to check your psychological state first and proceed with trading when you are in a stable and peaceful state.
-------------------------------------------
- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
(BTC.D 1D chart)
We need to see if it can rise above 42.72.
(USDT.D 1D chart)
We need to see if it can drop below 8.41.
---------------------------------------
(BTCUSDTPERP 1D Chart)
Therefore, the key is whether it can be supported in the 16422.6-16580.6 section or higher and rise above MS-Signal.
StochRSI renewed its recent highs and appears to be trying to break out of the overbought zone.
When the price breaks out of the overbought zone, it is important to be able to maintain the price above 16422.6.
If possible, it is necessary to check whether the force to sell is blocked at the source by rising above 16730.0, which was supported.
The next period of volatility is around January 6th.
It's an important move to overcome going forward.
To continue the new trend, we need to keep the price above 16422.6.
It needs to rise above 17108.7 to continue the short-term uptrend.
In order to turn into a mid- to long-term uptrend, it must rise above 17864.7.
To create a new trend change, it needs to break out of the downtrend line (1).
(1h chart)
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
A 'LONG' position entered near 16422.6-16580.6 was closed by touching the entry price.
The 'SHORT' position entered in the 16938.1-16984.9 section was carried out until the second round of selling.
Accordingly, the end of the transaction is
1. When touching the M-Signal of the 1D chart
2. When it falls to the entry price
It is recommended to terminate by the above two methods.
By touching the 16422.6-16580.6 section, a new 'LONG' position has been entered.
Accordingly,
1st : 16730-16801.2
2nd: 16938.1-16984.9
It is recommended to sell in the above range.
When trading futures, you will usually find reference points for your trades on the time frame charts you are viewing and trading.
These criteria tend to force trades to close due to sharp price movements, i.e. whipsaws.
Therefore, rather than finding a standard in the time frame chart you are looking at, you should create a standard in a chart that is more than a 1D chart.
Then, with the created standard, you should proceed with trading by utilizing it on the time frame chart you are looking at, so it is highly likely to prevent the forced termination of trading due to sudden volatility.
Looking at my chart, I am trading by adding important support and resistance points on the 1h chart, such as 16801.2 (1h) and 16938.1 (1h).
The 16730.0-16801.2 section is currently consolidating, that is, a support and resistance section.
Therefore, entering a position near this section is likely to make your psychology tired, so I think it's better to wait until you've moved away from this section to some extent.
Therefore, the new position point is
1. 'SHORT' when receiving resistance around 16938.1-16984.9
2. 'LONG' when supported around 16422.6-16580.6
I think the above two are suitable for entering a new position.
However, entry into a full-fledged position
1. 'LONG' when supported at 17108.7 and rising
2. Receiving resistance at 16422.6 and 'SHORT' when falling
There are two entry methods as above.
When you start a trade, choosing a trade point excluding your own state of mind is very likely to result in a trade failure.
Therefore, it is recommended to check your psychological state first and proceed with trading when you are in a stable and peaceful state.
-------------------------------------------
- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
Trade closed: target reached:
(BTCUSDTPERP 1h chart)
The 'LONG' position entered at 16580.0 was closed at the entry price after the first sell.
Trade active:
It has entered 'LONG' again at 16580.
1st selling section: 16730.0-16801.2
2nd: 16938.1-16984.9
S/L : 16531
1st selling section: 16730.0-16801.2
2nd: 16938.1-16984.9
S/L : 16531
[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/
The section 10658.2-11366.9 forms a large box section, so it is necessary to check whether sideways can be continued in this section.
The question is whether the DXY can drop below 103.025.