Bitcoin (BTC) - January 8
Happy New Year!!!
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.
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We must see if we can ascend above 39468.46.
If it falls, we need to see if we can get support at 38232.67.
If it falls between 36378.99-36996.88, Stop Loss is required to preserve profit and loss.
Touching the 36378.99-36996.88 section, there is a rising flow.
If this trend continues to occur, I think it is more likely that it will eventually turn into a downtrend.
Accordingly, careful trading is necessary.
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(OKEX BTCUSDT 1D chart)
We have to see if we can get support and climb at 38812.7.
If it falls, you need to make sure you get support at 37612.5.
The volatility around January 7th (January 6-8) will require you to see where you are getting support and resistance.
If it falls in the 35812.2-36412.3 section, a Stop Loss is required to preserve profit and loss.
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(Coinbase BTCUSD 1D chart)
You must ensure that you are supported above the 39473.83 point.
If it falls, we need to see if we can get support at 38238.84.
The volatility around January 7th (January 6-8) will require you to see where you are getting support and resistance.
If it falls between 36386.35-37003.85, Stop Loss is required to preserve profit and loss.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from the 67.44-69.80 range.
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(USDT Dominance 1D Chart)
We must see if there is any movement outside the 1.952-2.406 range due to volatility around January 10th.
From the wRSI_SR indicator, there is a different movement from the A section.
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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 conventional 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.
-------------------------------------------------- -----
We must see if we can ascend above 39468.46.
If it falls, we need to see if we can get support at 38232.67.
If it falls between 36378.99-36996.88, Stop Loss is required to preserve profit and loss.
Touching the 36378.99-36996.88 section, there is a rising flow.
If this trend continues to occur, I think it is more likely that it will eventually turn into a downtrend.
Accordingly, careful trading is necessary.
-------------------------------------------------- -
(OKEX BTCUSDT 1D chart)
We have to see if we can get support and climb at 38812.7.
If it falls, you need to make sure you get support at 37612.5.
The volatility around January 7th (January 6-8) will require you to see where you are getting support and resistance.
If it falls in the 35812.2-36412.3 section, a Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
You must ensure that you are supported above the 39473.83 point.
If it falls, we need to see if we can get support at 38238.84.
The volatility around January 7th (January 6-8) will require you to see where you are getting support and resistance.
If it falls between 36386.35-37003.85, Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -----
(BTC Dominance 1D Chart)
You should watch for any movement that deviates from the 67.44-69.80 range.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
We must see if there is any movement outside the 1.952-2.406 range due to volatility around January 10th.
From the wRSI_SR indicator, there is a different movement from the A section.
-------------------------------------------------- -------------------------------------------
** 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 conventional 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)
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