We have to see if we can get support at 33949.53 and rise above 34730.82.
If you decline from 33949.53, you can touch below 31467.43, so you need Stop Loss to preserve profit and loss.
If you touch the 27079.41-29300.0 interval, there is a high possibility that it will turn to a downtrend and you need to trade carefully.
Among the indicators provided by my chart, the MS-Signal line is used to check the basic trend. Therefore, if it breaks below the MS-Signal line and falls, it is highly likely that it will turn into a downtrend.
If it wins support near the 33949.53 point, a rebound to create an'M'-shaped pattern is expected to continue.
(Coinbase BTCUSD 1D chart) We need to see if we can get support at 34030.64 and climb above 34800.08.
If it falls from the point of 34030.64, there is a possibility that it will fall below the point of 31527.50, so a Stop Loss is necessary to preserve profit and loss.
If you touch the 27040.36-29321.90 interval, there is a high likelihood of a downtrend and you need to trade carefully.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range. It's time to see which direction you'll be moving in Section A between January 14th and 21st.
On January 11th, a chart was drawn that touched the 12.38 point as a strange sign. Accordingly, I think the period of volatility around January 14th-18th has become more important.
-------------------------------------------------- (USDT Dominance 1D Chart) Due to volatility around January 10th (January 9-11), it has touched more than 2.842 points and is falling. You will have to watch for any movement that deviates from the 2.541-2.754 section.
The next volatility period is around January 15th-18th. During this period of volatility, we must watch for any movement that deviates from the 2.541-2.970 interval.
If it rises above the important point of 2.842 points, the price of the coins is expected to fall again.
If the USDT dominance falls, I think it is highly likely that the funds will be used to buy coins. Therefore, I believe that the rise and fall of USDT dominance is related to the rise and fall of the coin market.
On January 11th, a chart was drawn that touched the 0.422 point as a strange sign. Accordingly, I think the period of volatility around January 15 has become even more important.
** 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: Cigar price when opening (Example) Gap (G1-G2)
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