readCrypto

Bitcoin (BTC) - January 19

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)
(Full: www.tradingview.com/x/WN1iPcyg/)
Resistance section: 46695.0-49518.0

Support section: around 38225.0


We need to find support near the lows of 41659.5 and the oversold zone of 42715.0 and see if we can move higher.


It must rise above the 45211.0 point to turn into an uptrend.

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.


It is necessary to check whether there is any movement outside the section 40163.5-45211.0 by January 26th.

Attempts to break above the MS-Signal indicator came out twice (a, b) from a big perspective.
We need to see if our next upward breakout attempt (c) occurs around Jan 17-26 (maximum Jan 16-27).


If you are moving down from the downtrend line (3), you should check to see if you find support within the uptrend channel formed by the uptrend line (2).

A decline from the 40163.5 point could lead below the 38225.0 point, so trade cautiously.


The period of great volatility is around March 9th.

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

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


(1D chart)
Resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23


A trough is forming near the 3151.97 point.

So, we need to see if we can find support near the 3151.97 point and move up.


If the price continues above the 3375.08 point, it is expected to turn into an uptrend.

However, the 3582.10-3885.52 section is the previous high point section, so it is expected that the upward trend will continue only after breaking through this section upwards.


If it fails to move above the 3375.08 point, it is expected to touch the uptrend line (2) passing through the 2910.0 point, so trade cautiously.

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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:
(USDT + USDC 1D Chart)
Gap Rising: Estimated that funds have flowed into the coin market
Gap Falling: Estimated that funds are leaving the coin market


(BTC.D + USDT.D 1W chart)
If the USDT.D chart finds resistance at the 4.158-4.473 range, I think the coin market is likely to turn to an uptrend.

[Example of exchange chart setup]

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

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

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