Bitcoin (including BTC, short-term strategy) - January 10Happy New Year!!!
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You need to make sure you can get support at point 40340.0.
You should also watch for any movement that deviates from the 40340.0-41433.5 segment.
If it falls, you need to make sure you get support at 38152.5.
If you touch the 27039.5-29350.0 section, I think there is a high possibility that it will turn into a downtrend.
Accordingly, if it falls at 34107.5, a Stop Loss is required to preserve profit and loss.
Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow.
If the RS line rises above 80, further gains are expected.
Accordingly, we need to see if we can get support by breaking above the 41433.5 point.
However, from the CCI-RC indicator, it is expected that the CCI line will touch the uptrend line, so careful trading is necessary.
If the CCI line breaks below the uptrend line, there is a possibility that the BTC price rise will rise shortly in the short term and then fall.
You should watch for any movement that deviates from the 35964.5-44715.0 segment.
At this point, you should check if you can climb along the uptrend line (7).
We have to watch a little more because we know if the flow like section A comes out.
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(BTC Dominance 1D Chart)
You need to make sure you can get resistance at the 69.80 point.
You should watch for any movement that deviates from 67.44-72.54.
You should watch as you can touch the uptrend line in turn between January 14th and 21st.
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(USDT Dominance 1D Chart)
It remains to be seen if the volatility around January 10th (January 9-11) leads to a movement that deviates from the 1.952-2.541 range.
It is expected that there will be a further downturn or a move up after a sideways move.
If it rises above the 2.406 point, the coin market is expected to begin to decline.
At this point, you can touch the downtrend line (6) and go down, so you need to trade carefully.
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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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
