Bitcoin (BTC) - December 30
Hello?
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We must see if we can ascend above the 27243.43 point.
According to the wRSI_SR indicator, the RS line rose to the overbought period.
As a result, there is a high likelihood of a short-term downtrend.
As the short-term downtrend progresses, you need to see where you get support.
Be aware of the volatility caused by touching the uptrend line.
It remains to be seen that the price can be maintained above the 25373.14 point before the volatility period around January 3rd.
It is necessary to check the movement of altcoins during this period of sideways BTC price.
If it falls at 24749.72, you need a Stop Loss to preserve profit or loss.
However, since the'Pull Back' pattern that touches the 22797.16-23800.0 section and rises may appear, you need to think about how to execute Stop Loss.
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(OKEX BTCUSDT 1D chart)
You must make sure you are supported at the 26926.3 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24506.6, a Stop Loss is needed to preserve profit and loss.
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(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 27197.74 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24715.45, you need a Stop Loss to preserve your profit and loss.
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(BTC Dominance 1D Chart)
It remains to be seen if it can decline at 69.80.
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(USDT Dominance 1D Chart)
We have to see if we can move down to the 2.754 point.
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(OTHERS Dominance 1D Chart)
(Total dominance of remaining coins minus BTC and major coins)
We have to see if we can get support at the 6.23 point and turn the trend.
It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3).
It remains to be seen if altcoins can start rising in price.
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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 the 27243.43 point.
According to the wRSI_SR indicator, the RS line rose to the overbought period.
As a result, there is a high likelihood of a short-term downtrend.
As the short-term downtrend progresses, you need to see where you get support.
Be aware of the volatility caused by touching the uptrend line.
It remains to be seen that the price can be maintained above the 25373.14 point before the volatility period around January 3rd.
It is necessary to check the movement of altcoins during this period of sideways BTC price.
If it falls at 24749.72, you need a Stop Loss to preserve profit or loss.
However, since the'Pull Back' pattern that touches the 22797.16-23800.0 section and rises may appear, you need to think about how to execute Stop Loss.
-------------------------------------------------- ----
(OKEX BTCUSDT 1D chart)
You must make sure you are supported at the 26926.3 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24506.6, a Stop Loss is needed to preserve profit and loss.
-------------------------------------------------- ------
(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 27197.74 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24715.45, you need a Stop Loss to preserve your profit and loss.
------------------------------------------------
(BTC Dominance 1D Chart)
It remains to be seen if it can decline at 69.80.
--------------------------------------------------
(USDT Dominance 1D Chart)
We have to see if we can move down to the 2.754 point.
-------------------------------------------------- -
(OTHERS Dominance 1D Chart)
(Total dominance of remaining coins minus BTC and major coins)
We have to see if we can get support at the 6.23 point and turn the trend.
It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3).
It remains to be seen if altcoins can start rising in price.
-------------------------------------------------- -------------------------------------------
** 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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