Need to confirm support at 16.7K or higher

Updated
Happy new year!
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(USDT 1D chart)
snapshot
I need to see if I can keep it at 66.442B or higher.

(USDC 1D chart)
snapshot
I need to see if a move out of 44.07B-44.807B can come out.

The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
snapshot
An increase in BTC dominance means that funds will be concentrated towards BTC.

We need to see if it can rise above 42.72.

The next volatility period is around January 23rd.


(USDT.D 1D chart)
snapshot
An increase in USDT dominance means that the coin market is likely to decline.

We need to see if it can fall below 7.86.

---------------------------------------

(BTCUSDT 1W chart)
snapshot
A trend is likely to form out of 15475.10-17880.71.

We expect StochRSI to enter the overbought zone soon.

Therefore, it is necessary to check if the price is maintained above 16542.40 when exiting the overbought zone.



(1D chart)
The key is whether it can be supported above the HA-Low point of 16590.54 and rise above the MS-Signal.

If not, you should check for support around 16428.78.


You need to make sure you keep the price above 16740.64, if possible, above MS-Signal.

Observe for at least 1-3 days to see if you are getting support and resistance.

Therefore, Sunday will be a trading day.

At this time, you can decide whether to trade or not by watching the flow.


StochRSI and CCI are entering the overbought zone

Therefore, it is a good idea to check where support and resistance are found when the stock breaks out of the overbought zone.

You can judge the situation by watching the change in the slope of StochRSI, i.e. from rising to falling.


It is not easy to judge these movements, usually in sidewalks.

Therefore, in this case, it is better to use auxiliary indicators like me to help judge the situation.


The next volatility period is around January 21-30.


If this uptrend ends with a one-off,
1st: 17880.71
2nd : 19176.93-20050.02
It is expected to touch the vicinity and fall.


If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd : 13500-13761.50
It is expected to touch the vicinity.

------------------------------------------

- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

-------------------------------------------------- -------------------------------------------

** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

---------------------------------
Note
(NAS100USD + DXY + XAUUSD 1D Chart)
snapshot
On the NAS100USD chart, the question is whether it can gain support around 10658.2 and rise above 10978.7.

The next period of volatility is around January 10th.


The question is whether it can drop with resistance around 105.292 on the DXY chart.
Trade active
(BTCUSDTPERP 1h chart)
snapshot

The 'LONG' position, entered near 'L2', is being maintained until the second round of selling.

At the end of the transaction
1. When rising to around 17108.7
2. When falling below 16698.2


The 'SHORT' position, entered near 'S2', is being maintained as the first sold.

2nd: When falling to around 16580.6

In principle, it should have been in progress when the M-Signal on the 1D chart was touched, but the transaction was not closed because it was located in the first selling section.

Therefore, at the end of the transaction
1. When the entry price is touched
2. When it fails to fall below 16698.2 and rises above the M-Signal of the 1D chart
3. When falling to around 16422.6
Note
(USDT 1D chart)
snapshot

(USDC 1D chart)
snapshot

It seems that the amount of money that went out with USDC is larger than the money that came in with USDT.

However, since I think USDT has a higher dominance in the coin market than USDC, it is necessary to check whether the price can be defended.

Judging from this trend, it is judged that it is becoming more and more important to make sure that it is supported around 16.7K.
Trade closed: target reached
(BTCUSDTPERP 1h chart)
snapshot
By touching 16698.0 or lower, the 'LONG' position entered near 'L2' was closed.
Note
Entry into the 'LONG' position is scheduled to be entered when it is supported near 'L2', that is, around 16580.6 and shows an upward trend above 16613.5.

Therefore, it should be confirmed that there is support around 16580.6.


In the main text, I said that it is necessary to check whether it can be supported around 16730.0.

However, I do not intend to enter the 'LONG' position just because it shows support around 16730.0.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
Also on:

Related publications

Disclaimer