readCrypto

Rise above 17.1K to continue short-term uptrend

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
A move out of 44.07B-44.807B came out.

Therefore, we need to see if it leads to further gap reduction.


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)
A drop in BTC dominance means that funds are concentrated towards altcoins.

The next period of volatility is around the 23rd of January.


(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 fall below 7.86.

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(BTCUSDTPERP 1D Chart)
In order to continue the short-term uptrend, it needs support above HA-High and above 17108.7.

To do so, you need to keep the price above MS-Signal and above 16730.0.


It shows StochRSI holding at the 100 point.

Therefore, when it breaks out of the overbought zone or shows a decline, it is necessary to check at which point it receives support and resistance.

If it breaks the previous day's high, StochRSI is expected to hold its current position.


I need to see if the RSI can rise above 17108.7 before entering the overbought zone or turning down.


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 above the M-Signal line of the 1D chart and above 17108.7, the main position is 'LONG'.

Therefore, a quick response is required when entering the 'SHORT' position.


Looking at the StochRSI, it shows that it failed to enter the overbought or oversold zone.

I think it means that the transaction has decreased by that much.

If you enter the overbought or oversold zone, then you need to check whether you are receiving support or resistance by falling below the MS-Signal or rising above 16987.1.


If you show resistance at 'S2', 16938.1-16987.1, you can enter the 'SHORT' position.

1st selling point: 16730.0-16801.5
2nd : 16580.6-16613.5

At the end of the transaction
1. When the entry price is touched
2. When touching the M-Signal of the 1D chart
3. When the 5EMA of the 1D chart is touched and supported
4. When touching around 16422.6


If you show support at 'L1', 17108.7, you can enter the 'LONG' position.

1st selling point: around 17410.5
2nd: Around 17588.0

At the end of the transaction
1. When the entry price is touched
2. When touching the M-Signal of the 1D chart
3. When you touch 5EMA on the 1D chart and get resistance
4. When touched near 17864.7

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(BTCKRW 1D chart)
You need to keep the price above 20840000-21162000 and see if it can rise above 22339000.


It did not even rise above MS-Signal, but StochRSI is showing a decline.

Therefore, you need to see if it can rise above the MS-Signal and above the downtrend line.


The next volatility period is around January 28th.

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- 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.

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** 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.)

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Comment:
(BTCUSDT 1W chart)
It is necessary to check whether StochRSI enters the overbought zone.

A break from the 15475.10-17880.71 area is expected to lead to a new trend.
Comment:
(BTCUSDT 1W chart)
It is necessary to check whether StochRSI enters the overbought zone.

A break from the 15475.10-17880.71 area is expected to lead to a new trend.

(NAS100USD + DXY + XAUUSD 1D Chart)
On the NAS100USD chart, we need to see if it can move above the MS-Signal and turn into a short-term uptrend.


I need to see if I can drop below 101.860-103.025 on the DXY chart.


It is necessary to check if it can rise to the 1909.525-1944.714 section on the XAUUSD chart.
Trade closed: stop reached:
(BTCUSDTPERP 1h chart)
The 'SHORT' position entered at 16938.1-16987.1 is closed by touching the entry price.
Trade active:
(BTCUSDTPERP 1h chart)
It entered 'LONG' as it rose above 17108.7.

Since the point of 17108.7 is the HA-High point of the 1D chart, it is likely to lead to a sudden movement, so a quicker response is required.

Therefore, if it falls below 5EMA on the 1D chart, we plan to close the trade.


If it falls to the 16938.1-16987.1 section, it will enter the 'SHORT' position.
Comment:
Since the HA-High line has risen, a move is likely to occur on the 1h chart.

[Example of exchange chart setup]

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

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