readCrypto

Bitcoin (BTC) - January 6

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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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.


You need to see if you can move up along the uptrend line (3).
Accordingly, it is necessary to ensure that the price is maintained above the 41950.0 point.

If it rises along the uptrend line (3) and rises above the 46930.0 point, the uptrend is expected to accelerate.

(BTC 1W Chart: www.tradingview.com/x/6tpmMzQ3/)
If you look at the BTC 1W chart above, you can see that the green width of OBV in the volume indicator is increasing as the price of BTC is falling.

I think this means that the buying trend is increasing.

Therefore, it is expected to turn to an uptrend based on the day of the explosive increase in trading volume.


A decline from the uptrend line (3) could lead to a fall towards the uptrend line (4), so you need to think about how to respond.

However, careful trading is required as it is expected to continue to move sideways near the strong support section of 28K-32K.



(1D chart)
First resistance section: around 54825.02
Second resistance section: 60383.36-63162.53

First support section: around 38150.02
Second support section: 27033.35-29812.52


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 falls in the 45135.66-46930.0 section, Stop Loss is required to preserve profit and loss.

However, careful trading is required as it may touch the C channel and rebound.

For the rebound to turn into an uptrend, it must rise above the 49266.69 point.


To break out of 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.


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.

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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.

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** 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.)

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Kommentera:
(Market Cap 1D Chart)
Volatility is occurring as BTC Dominance (BTC.D) fell from the 40.02 point.

The USDT Dominance (USDT.D) rose above the 3.746 point, depressing the coin market.


However, under these circumstances, USDT and USDC are showing a rising gap.

I think the rising gap between USDT and USDC is proof that money is flowing into the coin market.
Kommentera:
(ETHUSDT 1D Chart)
It moved lower from the 3582.10 point, breaking out of the previous high.

However, if it finds support near the 3375.08 point and breaks away from the two short-term downtrend lines, I think it could lead to a move to turn into an uptrend.

In order to turn into an uptrend, it must rise above the 3781.93 point.

If it moves down from the 3343.06 point, it is likely to touch the uptrend line (3), so trade cautiously.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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