Bitcoin (BTC) - January 4
Updated
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03
First support section: near the 54825.02 point
Second support section: 46487.52-49266.69
The 46487.52-49266.69 interval is an important interval that determines the trend.
Thus, a break from the 45135.66 and 50931.30 points is expected to form a trend.
If it does not deviate, it is expected to form a sideways section at section 45135.66-50931.30.
To break away from the short-term downtrend line, we need to see if we can sustain the price by moving above the 47543.74 point.
It must move above the 50931.30 point to turn into an uptrend.
If it falls in the 45135.66-46930.0 section, Stop Loss is required to preserve profit and loss.
The next volatility period is around January 17th.
The overall volatility period is between December 29-January 18, however, trade with caution as there is a chance for significant volatility on December 29-31 and January 10-12.
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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.
------------------------------------------
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.
------------------------------------------------------------ -------------------------------------------
** 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.)
---------------------------------
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03
First support section: near the 54825.02 point
Second support section: 46487.52-49266.69
The 46487.52-49266.69 interval is an important interval that determines the trend.
Thus, a break from the 45135.66 and 50931.30 points is expected to form a trend.
If it does not deviate, it is expected to form a sideways section at section 45135.66-50931.30.
To break away from the short-term downtrend line, we need to see if we can sustain the price by moving above the 47543.74 point.
It must move above the 50931.30 point to turn into an uptrend.
If it falls in the 45135.66-46930.0 section, Stop Loss is required to preserve profit and loss.
The next volatility period is around January 17th.
The overall volatility period is between December 29-January 18, however, trade with caution as there is a chance for significant volatility on December 29-31 and January 10-12.
-------------------------------------------
(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.
------------------------------------------
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.
------------------------------------------------------------ -------------------------------------------
** 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.)
---------------------------------
Note
(Market Cap 1D Chart)In a situation where the trading volume of BTC is on a downward trend
- BTC Dominance Decline
It means that the funds are being used more towards altcoins.
- Rising USDT Dominance
It is more likely that the coin market trend will show a downtrend.
- Rising the gap between USDT and USDC
It is proof that new funds are coming into the coin market.
Combining the above situation, it can be seen that the coin market is located in the buying section.
However, if the BTC price falls below 45K, there is a possibility of a sharp decline due to a temporary increase in the selling pressure.
I think this plunge will be a catalyst to boost buying.
That doesn't necessarily mean it will drop below 45K though.
This is because the buying trend caused by the sharp decline is likely to be a buying trend for short-term profits, which may be an unwelcome situation for those who are buying in the mid- to long-term.
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