All of the things I talked about yesterday are the same except for touching 34107.5 points or more. Accordingly, I think it's important to see if there is support at 31589.5.
We have to see if we can get support at 31589.5 and rise above 34107.5. If it falls, we need to see if it can rise along the uptrend line (1).
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to prepare for it.
I think the 31589.5-34871.0 section is a sideways section to ascend to the 34871.0-35964.5 section. Accordingly, it may move sideways between 31589.5-34871.0.
We need to see if we can get off the downtrend line (8) before the next volatility period, around January 28th-around February 4th.
Watch the OBV indicator on the volume indicator move according to the drawn arrow. On the CCI-RC indicator, we need to see if the CCI line can touch 100 points and rise. In the wRSI_SR indicator, when the RS line attempts to break above 50, volatility may occur, so careful trading is necessary.
(1h chart) It remains to be seen if it could be higher than the 34107.5 point after 08:00 (UTC) January 26 as shown on the chart.
It is falling after attempting to break through the M-Signal line of the 1D chart. We have to get support at 31589.5 and see if a breakthrough attempt comes out again.
On the CCI-RC indicator, the CCI line is falling after rising above zero. I think that exceeding the zero point in the CCI-RC indicator can cause great volatility. Next, volatility can occur when crossing the -100 or 100 points. We'll have to see if any attempts are made to break above zero again.
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(BTC Dominance 1D Chart) We have to see if we can get below the 63.38 point.
As BTC prices rise, BTC dominance may temporarily rise. I think this is a problem that can arise as funds are concentrated in BTC.
I think there is a public sentiment that once funds start to concentrate, they will continue to concentrate. Accordingly, I think it is the time when BTC price is expected to rise. However, there is a need for USDT dominus to fall.
(USDT Dominance 1D Chart) It remains to be seen if it can move below the 2.541 point.
In order to increase the price of the coin market, funds must be used to buy coins. Accordingly, USDT dominance should continue to decline.
Currently, USDT dominance is falling a lot. After the flow of section A, it shows a similar flow for the second time. So, we have to see if we can get resistance at the downtrend line (2) and move down.
The next period of volatility is between February 3 and 16, and I think it is likely to determine the direction at the intersection of the downtrend line (2) and the short-term uptrend line.
Amid these movements, we need to see where BTC prices are getting support and resistance.
** 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 conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** 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)
הערה
(CME Bitcoin (BTC1!) 1D chart) It started with a drop in the gap (33440.0-32665.0). We have to see if we can get support at 31400 and climb above 33780.0.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
It will be supported at 31400 and see if the volatility around January 27 will lead to a move outside the 28205.0-34595.0 range.
If it falls, we need to see if it can rise along the uptrend line (2).
הערה
(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 it exceeds 31587.5 point Target point: 1st 32584.5 or higher, 2nd 33581.5 or higher Stop Loss: 31089.0 point
2. Entry point: When it exceeds 34080.0 point Target point: 35575.0 point or higher Stop Loss: 33581.5 points
(SHORT) 1. Entry point: When breaking below the 33581.5 point Target point: 1st 32584.5 or less, 2nd 31587.5 or less Stop Loss: 34080.0 point
2. Entry point: When breaking below 31089.0 point Target point: 29593.5 points or less Stop Loss: 31587.5 points
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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 it exceeds 31504.0 point Target point: 1st 32493.9 or higher, 2nd 33483.7 or higher Stop Loss: 31009.2 point
2. Entry point: When breaking above 33978.6 point Target point: 35463.3 points or more Stop Loss: 33483.7 points
(SHORT) 1. Entry point: When breaking below 33483.7 point Target point: 1st 32493.9 or less, 2nd 31504.1 or less Stop Loss: 33978.6 point
2. Entry point: When breaking below 31009.2 point Target point: 29524.5 points or less Stop Loss: 31504.1 point
הערה
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a drop in the gap (33630.0-33002.5).
We must see if we can climb above 34220.0 and gain support. You also need to see if you can climb along the uptrend line (3).
The next volatility period is around February 2nd.
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