readCrypto

Bitcoin (BTC) - January 24

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
(27650.0-33101.0 section: strong support section)

The 42084.0-47010.0 section is a support section for creating a new wave.



(XBTUSD 1D Chart)
Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5


The 33101.0 point is an important volume profile section.

So, if it fails to move above the 38225.0 point, I would expect it to fall near the 33101.0 point.

If there is no support near the 33101.0 point, we expect to touch near the support zone.

At this time, you need to check if there is a sudden movement.


It needs to rise above the 42084.0 point to turn into an uptrend.

However, since the uptrend is expected to continue until the resistance section is crossed, countermeasures should be considered.


In the CCI-RC indicator, the CCI line is located below the -100 point, indicating a downtrend.

Therefore, volatility may occur when the CCI line touches the -100 point as the BTC price rises.

At this point, you should check to see if there is support or a surge with a large volume.


The period of great volatility is around March 9th.

However, it is necessary to check whether it can rise above the 38225.0 point due to the volatility around January 26.

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(ETHUSDT 1W Chart)
Above 1728.74 point: Expected to create a new wave.

You need to see if you can move up along the uptrend line (2).


(1D chart)
First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23


I think the 2285.94-2558.23 support section is an important section to determine the trend.

Therefore, it is important to make sure that you can get support in the support zone.


A decline from the 2275.68 point could lead to a fall near the 1741.38 point, so trade with caution.


It must rise above the 3375.08 point to turn into an uptrend.

The next volatility period is around February 15th.

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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:
Since the broadcast will be conducted in Korean, we will do our best to organize and publish the content for those who do not know Korean.

(1h chart)
The decline in trading volume appears to have slowed the movement.
Moving out of the 33101.0-37265.0 section is expected soon.


If support is found in the 38225.0-40163.5 section, further upside is expected, and if it falls below the 37265.0 point, it is expected to decline around the 33101.0 point.


If it declines from the 32290.5- 33101.0 section, it is expected to decline near the 29755.5 point.

At this time, you need to check whether there is a sudden movement or an increase in trading volume.

This is because a sudden movement or an increase in trading volume can lead to a surge.
Comment:
(IXIC 1D chart)
Comment:
(BTC 1W chart)
Comment:
(1h chart)
Volatility is expected with a decline from the 35028 point.

Since it is falling, it is highly likely that it will move towards the 33101.0 point, but we cannot rule out the possibility that it will touch the 33101.0 point and see a sharp rise.

Therefore, it is better to watch the situation rather than trade.
Comment:
(BTC 1W Chart)
The decline appears to have been driven by an increase in volume on the Binance Futures market.

The trend of the coin market is expected to break out of the downtrend only when the trading volume in the spot market increases.

Therefore, you should pay attention to the trading volume in the spot market.

[Example of exchange chart setup]

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

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

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