Bitcoin (BTC) - January 24 (Volability period until January 24)

2021年1月23日

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We need to see if we can get support at 31467.43 and climb above 33949.53.

If you get support at 31467.43-34730.82, there is a chance that it will rise to 34730.82-35818.61.

However, it is necessary to respond to the decline until it crosses the downtrend line (9).
So, you have to think about how to deal with it in the 29300.0-33949.53 section.

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

The next volatility period is around January 28th-around February 2nd.


On the CCI-RC indicator, we must see if the CCI line can touch the uptrend line and 100 points and rise.

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(OKEX BTCUSDT 1D chart)

We have to see if we can get support at 31181.4 and rise above 34413.4.
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 have to see if we can get support at 31527.50 and climb above 34030.64.

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)

We have to see if we can get below the 63.38 point.
The next volatility period is around January 28th.

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(USDT Dominance 1D Chart)

It remains to be seen if the volatility around January 23rd (January 22nd-24th) leads to a movement that deviates from the 2.349-2.842 range.
In particular, we need to see if it can drop below the 2.541 point.

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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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)