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Bitcoin (including BTC, short-term strategy) - January 14

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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We must see if we can climb above the 38152.5 point for support.
You also need to see if you can climb along the uptrend line (7).

If it declines at 34107.5, you need a Stop Loss to preserve profit or loss.

If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.

The volatility around January 15th (January 14-16) will have to watch for movements that deviate from the 35964.5-40340.0 range.
So, you need to check the flow around January 15-17 as shown in the chart.


Looking at the wRSI_SR indicator, it remains to be seen if the RS line can rise above 20 and turn into a short-term upward flow.
Accordingly, it has become important to gain support above the 38152.5 point.

According to the CCI-RC indicator, the CCI line is breaking above the EMA line.

It doesn't matter which pattern it rises to, whether it is an'N' pattern ('Pull Back' pattern) or an'M' pattern.
I think what's important is where you got support and risen.

(Because the pattern can only be known when it is completed, it cannot be concluded that any pattern was created at this time.)

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( BTC Dominance 1D Chart)
You have to see if you can get into section A.
If you enter section A, it is expected to re-determine the direction of altcoins around January 21st.

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(USDT Dominance 1D Chart)
It remains to be seen if the volatility around January 15th will cause any movement outside the 2.349-2.842 range.

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** All indicators are lagging indicators.
So, it's important to know 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: (CME Bitcoin (BTC1!) 1D chart)
It started with an increase in the gap (36375.0-37500.0).
We have to see if we can get support and climb at 37790.0.

We need to see if there is any movement outside the 35660.0-39915.0 range due to volatility around January 15th.

If it falls from the 33780.0 point, a Stop Loss is required to preserve profit and loss.

If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
Comment: (XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will end up losing more.
If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.

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(LONG)
1. Entry point: When breaking above the 37569.0 point
Target point: 1st 38566 point or higher, 2nd 39563 point or higher
Stop Loss: 37070.5 point

2. Entry point: When it exceeds 40061.5 point
Target point: 41556.5 points or more
Stop Loss: 39563.0 point

(SHORT)
1. Entry point: When breaking below 39563.0 point
Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less
Stop Loss: 40061.5 point

2. Entry point: When breaking below the 37070.5 point
Target point: 35575.0 point or less
Stop Loss: 37569.0 point

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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss.
I think you understand where the movement begins.

We are trying to tell you easily in a format that anyone can understand.
However, I think whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you have invested a lot of time and verified it.

It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies will increase your ability to trade mechanically, I think you'll start to get good results.


(OKEX BTCUSDTPERP 1h chart)-Short term strategy

(LONG)
1. Entry point: When breaking above the 37442.9 point
Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher
Stop Loss: 36948.0 point

2. Entry point: When breaking above the 39917.4 point
Target point: 41402.1 point or higher
Stop Loss: 39422.5 point

(SHORT)
1. Entry point: When breaking down from the 39422.5 point
Target point: 1st 38432.7 or less, 2nd 37442.9 or less
Stop Loss: 39917.4 point

2. Entry point: When breaking below the 36948.0 point
Target point: 35463.3 points or less
Stop Loss: 37442.9 point
Comment: (BAKKT Bitcoin (BTM1!) 1D chart)
It started with an increase in the gap (37365.0-38400.0).
You need to make sure you can get support at point 37840.0.
It remains to be seen if the volatility around January 19th will cause any movement outside the 35664.0-40016.0 segment.

Comments

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