Bitcoin (BTC) - January 31

30 янв. 2021 г.

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The volatility period is around January 28th-around February 2nd.
Periods of volatility can lead to unpredictable flows, so you need to trade carefully.


We have to see if we can get support at 33949.53 and rise above 34730.82.

If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so think about how to respond.


If you deviate from the downtrend line (9) and get support above the 35818.61 point, you are expected to reorient yourself near the 40169.80-41257.59 section.

If it rises from 40169.80-41257.59, it is expected to rise to 47784.37-48872.16.

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(OKEX BTCUSDT 1D chart)

We have to see if we can get support and climb at the 34413.4 point.
In particular, it remains to be seen if it can deviate from the downtrend line (8).

If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.

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(Coinbase BTCUSD 1D chart)

We'll get support at 34030.64 and see if we can climb above 34800.08.
In particular, you need to see if you can break above the downtrend line (8).

If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.

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(BTC Dominance 1D Chart)

It remains to be seen if the volatility between around January 28th and around February 7th leads to a movement that deviates from the 63.38-65.89 range.
You should watch for any movement that deviates from the maximum of 61.20-67.44.
In particular, it remains to be seen if it can decline along the downtrend line (3).

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(USDT Dominance 1D Chart)

It remains to be seen if it can move below the 2.541 point to get out of the short-term uptrend.

In particular, it remains to be seen if it can fall below the short-term uptrend line.

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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)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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)