readCrypto

Bitcoin (BTC) - January 9

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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.


If it falls from the uptrend line corresponding to section b, it may fall to the 27K-33K section, so careful trading is required.

However, since the 37265.0 point and above is the high point section, a rebound may occur near this point, so countermeasures should be considered.



(XBTUSD 1D Chart)
First resistance section: around 55164.5 point
Second resistance section: 60811.0-63634.5

Support section: around 38225.0


You should see if you can break away from the downtrend line (3) around January 11th (10th-12th January) when the uptrend line (2) and the downtrend line (3) cross.

In particular, we need to see if we can find support and move higher within the uptrend channel (above the 40163.5 point) formed by the uptrend line (2).


To switch to an uptrend, it must rise to the 46695.0-49518.0 section.

However, since the 46695.0-49518.0 section is a section that determines the trend, it is necessary to trade carefully as the upward trend can be continued only when the section is upwardly broken.


The period of great volatility is around March 9th.

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(ETHUSDT 1W Chart)
Above 1741.38: Expected to create a new wave.


(1D chart)
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64

First support section: near point 3343.06
Second support section: 2275.68-2531.05


As we move down from the first support zone, the first support zone will also act as a resistance zone.

Accordingly, it must rise above the 3343.06-3582.10 section to convert to an uptrend.


We need to find support near the 2910.0 point and see if we can move along the uptrend line (2).


The second support zone is the strong support zone.

If it falls from the second support zone, the downtrend is likely to accelerate, so trade cautiously.


If you have performed Stop Loss to preserve profit and loss when it falls from the 3343.06 point, it is recommended to wait until it rises above the MS-Signal indicator.
(Please refer to the chart movement from September 30th.)


The next volatility period is around January 14th.

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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:
(Market Cap 1W Chart)
On the USDC chart, money appears to be coming in more than it's going out.

(USDC 1D Chart)
Hand changes are expected to occur.

We believe that the rise in the gap is proof that money has flowed into the coin market.

[Example of exchange chart setup]

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

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

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