Bitcoin (BTC, including short-term strategy) - January 3
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The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
Accordingly, there is a change in the point of the previous Fibonacci retracement rate.
You need to make sure you can get support in the 32058.0-32675.0 section.
If you fall from 32058.0 point, you can touch 30823.5 point, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for the application of short-term stop loss.
If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss.
However, you can touch and climb 27039.5 points, so you need to trade carefully.
If it falls from the 27039.5 point, it is expected that the rebound will eventually turn into a downward trend.
In the wRSI_SR indicator, the RS and SR lines are above 80 and are located in the overbought section.
Accordingly, it is expected to turn into a short-term downtrend in the near future.
There is a possibility of further gains as the SR line rises above 80 and breaks above the previous uptrend line.
Therefore, you should check the movement between around 7th and 15th January.
When it turns to a short-term downtrend, you need to make sure the CCI line is above the EMA line.
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(BTC Dominance 1D Chart)
BTC dominance is on the rise as USDT dominance continues to decline.
It shows that all funds are concentrated in BTC.
If the USDT dominance rises in the current situation, I think there may be a sharp decline.
Accordingly, it is recommended to watch the USDT Dominance Chart as well.
It remains to be seen if it will hit the 75.13 point, which is expected to rise to the maximum.
Although the BTC price continues to rise, it is necessary to check where altcoins are priced when the BTC price is moving sideways for a while.
This means that all funds cannot be concentrated in BTC forever, so you have to watch the price change of altcoins you want to invest among altcoins for later.
We need to see if BTC dominance can get resistance at point 72.54.
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(USDT Dominance 1D Chart)
Volatility around January 1 filled the 2.726-3.596 gap that occurred on August 31.
You should see if you touch the 2.349-2.406 section.
You should check the flow between January 5th and 10th.
(1W chart)
A point above 2.842 is a point toward the high point, and a point below 2.349 is a point toward the low point.
A lot of money flowed into the coin market, and it seems that most of the money was used to buy coins.
We don't expect the decline below the 2.349 point, but if it falls, a bigger bull market is expected.
It remains to be seen how much greater usage will emerge as most of the funds are currently concentrated in BTC.
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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 traditional 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 or 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
The Fibonacci retracement ratio designation point has been changed due to a large increase in price.
Accordingly, there is a change in the point of the previous Fibonacci retracement rate.
You need to make sure you can get support in the 32058.0-32675.0 section.
If you fall from 32058.0 point, you can touch 30823.5 point, so you need to trade carefully.
Accordingly, it is advisable to prepare a countermeasure for the application of short-term stop loss.
If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss.
However, you can touch and climb 27039.5 points, so you need to trade carefully.
If it falls from the 27039.5 point, it is expected that the rebound will eventually turn into a downward trend.
In the wRSI_SR indicator, the RS and SR lines are above 80 and are located in the overbought section.
Accordingly, it is expected to turn into a short-term downtrend in the near future.
There is a possibility of further gains as the SR line rises above 80 and breaks above the previous uptrend line.
Therefore, you should check the movement between around 7th and 15th January.
When it turns to a short-term downtrend, you need to make sure the CCI line is above the EMA line.
-------------------------------------------------
(BTC Dominance 1D Chart)
It shows that all funds are concentrated in BTC.
If the USDT dominance rises in the current situation, I think there may be a sharp decline.
Accordingly, it is recommended to watch the USDT Dominance Chart as well.
It remains to be seen if it will hit the 75.13 point, which is expected to rise to the maximum.
Although the BTC price continues to rise, it is necessary to check where altcoins are priced when the BTC price is moving sideways for a while.
This means that all funds cannot be concentrated in BTC forever, so you have to watch the price change of altcoins you want to invest among altcoins for later.
We need to see if BTC dominance can get resistance at point 72.54.
-------------------------------------------------- -
(USDT Dominance 1D Chart)
Volatility around January 1 filled the 2.726-3.596 gap that occurred on August 31.
You should see if you touch the 2.349-2.406 section.
You should check the flow between January 5th and 10th.
(1W chart)
A lot of money flowed into the coin market, and it seems that most of the money was used to buy coins.
We don't expect the decline below the 2.349 point, but if it falls, a bigger bull market is expected.
It remains to be seen how much greater usage will emerge as most of the funds are currently concentrated in BTC.
-------------------------------------------------- -------------------------------------------
** 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 traditional 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 or 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)
Comment:
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
Due to the surge in BTC price, it increased more than 31012.3-31507.2.
Therefore, in addition to the previous short-term strategy, we have posted a short-term strategy between the 31012.3-31507.2 and 33486.8-33981.7 intervals.
(LONG)
1. Entry point: When breaking above 31507.2 point
Target point: 1st 32497.0 point or higher, 2nd 33486.8 point or higher
Stop Loss: 31012.3 point
2. Entry point: When breaking above the 33981.7 point
Target point: 35466.4 points or more
Stop Loss: 33489.8 point
(SHORT)
1. Entry point: When breaking below 33486.8 point
Target point: 1st 32497.0 point or less, 2nd 31507.2 point or less
Stop Loss: 33981.7 point
2. Entry point: When breaking down the 31012.3 point
Target point: 29527.6 points or less
Stop Loss: 31507.2 point
-Previous short-term strategy-
(LONG)
1. Entry point: When exceeding the 28042.9 point
Target point: 1st 29398.7 or higher, 2nd 30611.3 or higher
Stop Loss: 27548.0 points
(However, if it fails to break above the uptrend line or 28792.5 point, it is Stop Loss.)
2. Entry point: When breaking above 31507.5 point
Target point: 32430.0 point or higher
Stop Loss: 31012.3 point
(However, if it fails to break above the uptrend line or 31823.8 point, it is Stop Loss.)
(SHORT)
1. Entry point: When breaking below 31012.3 point
Target point: 1st 29527.6 or less, 2nd 28792.5 or less
Stop Loss: 31507.2 point
(However, if it does not break below the 30611.3 point or the upward trend line, it is a Stop Loss.)
2. Entry point: When breaking below the 27548.0 point
Target point: 26558.2 point or less
Stop Loss: 28042.9 point
(However, if it does not break below the uptrend line, it is Stop Loss.)
Therefore, in addition to the previous short-term strategy, we have posted a short-term strategy between the 31012.3-31507.2 and 33486.8-33981.7 intervals.
(LONG)
1. Entry point: When breaking above 31507.2 point
Target point: 1st 32497.0 point or higher, 2nd 33486.8 point or higher
Stop Loss: 31012.3 point
2. Entry point: When breaking above the 33981.7 point
Target point: 35466.4 points or more
Stop Loss: 33489.8 point
(SHORT)
1. Entry point: When breaking below 33486.8 point
Target point: 1st 32497.0 point or less, 2nd 31507.2 point or less
Stop Loss: 33981.7 point
2. Entry point: When breaking down the 31012.3 point
Target point: 29527.6 points or less
Stop Loss: 31507.2 point
-Previous short-term strategy-
(LONG)
1. Entry point: When exceeding the 28042.9 point
Target point: 1st 29398.7 or higher, 2nd 30611.3 or higher
Stop Loss: 27548.0 points
(However, if it fails to break above the uptrend line or 28792.5 point, it is Stop Loss.)
2. Entry point: When breaking above 31507.5 point
Target point: 32430.0 point or higher
Stop Loss: 31012.3 point
(However, if it fails to break above the uptrend line or 31823.8 point, it is Stop Loss.)
(SHORT)
1. Entry point: When breaking below 31012.3 point
Target point: 1st 29527.6 or less, 2nd 28792.5 or less
Stop Loss: 31507.2 point
(However, if it does not break below the 30611.3 point or the upward trend line, it is a Stop Loss.)
2. Entry point: When breaking below the 27548.0 point
Target point: 26558.2 point or less
Stop Loss: 28042.9 point
(However, if it does not break below the uptrend line, it is Stop Loss.)
[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/
Therefore, in addition to the previous short-term strategy, we have posted a short-term strategy between the 31096.5-31595.0 and 33588.5-34087.0 intervals.
(LONG)
1. Entry point: When it exceeds 31595.0 point
Target point: 1st 32592.0 point or higher, 2nd 33588.5 point or higher
Stop Loss: 31096.5 point
2. Entry point: When it exceeds the 34087.0 point
Target point: 35582.5 points or more
Stop Loss: 33588.5 points
(SHORT)
1. Entry point: When breaking below the 33588.5 point
Target point: 1st 32592.0 point or less, 2nd 31595.0 point or less
Stop Loss: 34087.0 point
2. Entry point: When breaking below 31096.5 point
Target point: 29601.0 point or less
Stop Loss: 31595.0 point
-Previous short-term strategy-
(LONG)
1. Entry point: When breaking above the 28233.5 point
Target point: 1st 29601.0 point or higher, 2nd 30224.0 point or higher
Stop Loss: 27750.5 point
2. Entry point: When it exceeds 31595.0 point
Target point: 32592.0 point or higher
Stop Loss: 31096.5 point
(SHORT)
1. Entry point: When breaking below 31096.5 point
Target point: 1st 29601.0 point or less, 2nd 28744.0 point or less
Stop Loss: 31595.0 point
2. Entry point: When breaking below the 27607.0 point
Target point: 26610.5 point or less
Stop Loss: 28105.5 point