Bitcoin (BTC) - January 4

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You should watch for any movement that deviates from the 32671.63-34525.31 segment.
If it falls between 32053.74-32671.63, Stop Loss is required to preserve profit and loss.
However, we believe that the point at which the downtrend reversal takes place is at 28422.0, so a countermeasure against Stop Loss is necessary.

As the wRSI_SR indicator breaks above the trend line, the period of volatility that follows is around January 14th.

So, if you put together the volatility periods listed below, you can see that volatility is very likely to occur between the 13th and 15th of January.


Until around January 13th, we have to watch which of the lower sideways (32671.63-34525.31) or the upper sideways (34525.31-36378.99).

It is advisable to check the movement of USDT dominance.
Also, you need to check the changes in the price movement of altcoins.

If there is an altcoin that rises to the first place, there is an altcoin that rises to the second place.
Altcoins, rising to the second place, are likely to be sideways at the point of support and resistance.
So, if you are afraid to enter altcoins that are rising a lot, look for altcoins that are moving sideways.

If there is an altcoin whose price is declining, it is likely that it is an altcoin whose price has risen before the BTC price rises or is an alienated coin.
These coins may rise in price as the third priority, but only some altcoins are expected to rise.

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(OKEX BTCUSDT 1D chart)
snapshot
You should watch for any movement that deviates from the 32211.6-34011.9 section.
If it falls in the 31611.5-32211.6 section, Stop Loss is required to preserve profit and loss.
However, we believe that the point at which the downtrend reversal takes place is at 28165.8, so a countermeasure against Stop Loss is necessary.

As the wRSI_SR indicator breaks above the trend line, the following volatility period is around January 13th.

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(Coinbase BTCUSD 1D chart)
snapshot
You should watch for any movement that deviates from the 32681.37-34533.86 segment.
If it falls between 32063.87-32681.37, Stop Loss is required to preserve profit and loss.
However, we believe that the point at which the downtrend reversal takes place is at 28387.0, so a countermeasure against Stop Loss is necessary.

As the wRSI_SR indicator breaks above the trend line, the period of volatility that follows is around January 15th.

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(BTC Dominance 1W Chart)
snapshot
You should watch for any movement that deviates from the 69.80-75.13 segment.

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(USDT Dominance 1D Chart)
snapshot
It remains to be seen if it can fall below the 2.349-2.406 section, the important section near the middle.

Between January 5th-1st and 10th, we have to watch for movements that deviate from the 2.349-2.754 section.

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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 traditional 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(USDT Dominance 1D Chart)
snapshot
You need to see if you can get resistance at the downtrend line (6).
If you lie below the critical point of 2.842, we expect the decline to continue.

If it breaks below 2.349-2.406, a new wave is expected to begin.
The possibility of this trend coming out this time is questionable, but we will look forward to it.

If you deviate from the downtrend line (6), you are expected to touch the downtrend line (2), so be sure to check the flow.
Note
(BTCUSDT 1D chart)
snapshot
Touching 28422.0 point and rebounding.
We have to see if we can keep the price above the 28964.27-29582.16 segment.
You should also check the movement of the wRSI_SR and CCI indicators.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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