readCrypto

Bitcoin (BTC) - January 6

BINANCE:BTCUSDT   Bitcoin / TetherUS
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You should watch for any movement that deviates from the 32671.63-36378.99 segment.
In particular, you need to make sure you can rise above the 34525.31 point to gain support.

If it declines at 28964.27, you need a Stop Loss to preserve your profit and loss.

Looking at the wRSI_SR indicator, it is a short-term downtrend.
However, BTC price is rising.
As a result, short-term downward divergence has occurred, so be aware of volatility.

The CCI-RC indicator is set to indicate movement over a longer period than the wRSI_SR indicator.

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(OKEX BTCUSDT 1D chart)
We have to see if we can get support and ascend at 34011.9.

If it falls from the 28611.0 point, a Stop Loss is required to preserve profit and loss.

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(Coinbase BTCUSD 1D chart)
It remains to be seen if the volatility around January 7th leads to a movement that deviates from the 32681.37-36386.35 range.
In particular, you need to make sure you can get the support above the 34533.86 point.

If it falls from 28976.39, you need a Stop Loss to preserve profit or loss.

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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from the 67.44-69.80 range.

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(USDT Dominance 1D Chart)
We need to see if we can drop below the 2.349 point and get resistance.
You should watch the movement between January 5th and 10th.

If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend.

If it falls below the 2.349 point, I think it may lead to a'don't ask buy'.

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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)

[Example of exchange chart setup]

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

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