The coin market is showing a new trend with the volatility generated by touching the uptrend line (1).
It is said that BTC dominance has risen by more than 67.44 points, creating an environment in which a plunge can occur at any time.
Therefore, I think it is necessary to prepare a device that can be prepared in case by setting Stop Loss at a point where one can endure. All trading must be done in installments.
I think that if there is no preparation for the downturn, you will always trade in an anxious mental state. Therefore, you must think about the target price and stop loss point before entering. These target prices and Stop Loss points can be set at a price that you can withstand. If you set this up, you will set it according to the flow of the chart later.
The XBTUSD chart shows that a rise above 24252.5 points must be supported to hold expectations for further gains.
You'll have to see if there can be any movement according to the arrows drawn on the price chart.
If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, you can touch the 21273-21422.5 section and rebound, so you need to trade carefully.
Anyone trades to earn a profit. However, not everyone can earn money. Therefore, I think that rather than trading to earn profits, you should trade without loss. If you are prepared for losses, I am confident that someday it will turn into profits.
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(BTC Dominance 1D Chart) It is on the rise after breaking above the 67.44 point. We have to see if we can get below the 67.44 point.
If BTC dominance rises as the price of BTC declines, I think it is likely to cause a plunge. However, looking at the current trend, as the BTC price rises, the BTC dominance is also rising.
If the BTC price rises to some extent (more than 23837.5 points on the XBTUSD chart), I think there is a possibility that BTC dominance will decline as the altcoin price rises. However, from 67.44 point or higher, it is a section that is likely to turn into a downtrend, so you should always check the flow of the coin market.
(USDT Dominance 1D Chart) It remains to be seen if the USDT dominance can hit resistance and decline at 3.285.
I think the chart you should look at along with BTC price and BTC dominance is the USDT dominance chart. I think the USDT dominance chart shows the movement of funds in the coin market. Therefore, it is necessary to confirm the movement of BTC dominance beforehand.
If USDT dominance moves sideways or falls below the 3.285-3.374 range, it can be said that the coin market is unlikely to turn into a downtrend.
We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. Accordingly, you should get resistance at the uptrend line (5) and the downtrend line (2).
** 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) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 and losses can be preserved or additionally entered through installment trading. You should trade from 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)
注释
(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (23805.0-24170.0).
With volatility around December 24, it is supported at 23715.0, and it remains to be seen if it can rise along the uptrend line (2).
Unlike other exchange charts, in the wRSI_SR indicator, the RS line remains in the overbought zone.
It seems that there is a possibility of a larger price fluctuation for a stable rise. Accordingly, it is thought that it is possible to touch the section 24965.0-25590.0 and then plunge to the section 21840.0-22465.0.
This is the time to trade carefully.
注释
(XBTUSD 1h chart)-Short term strategy Keep the old short-term strategy.
We'll have to see if we can get support from the 21934.0-22261.5 section and climb to the 23816.5-24252.5 section.
(LONG) 1. Entry point: When exceeding 22261.5 point Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher Stop Loss: 21934.0 point (However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24085.0 point Target point: 24623.0 point or higher Stop Loss: 23816.5 point (However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)
(SHORT) 1. Entry point: When breaking below the 21934.0 point Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less Stop Loss: 22203.0 point
2. Entry point: When breaking down from 23816.5 point Target point: 23009.5 points or less Stop Loss: 24085.0 point (However, if it rises without breaking below the uptrend line, it is Stop Loss.)
注释
(OKEX BTCUSDTPERP 1h chart)-Short term strategy Keep the old short-term strategy. It is moving sideways in the section 22830.1-22997.6.
You must watch for movements that deviate from the 21919.1-22188.7 and 23806.5-24076.1 segments.
(LONG) 1. Entry point: When breaking above the 22188.7 point Target point: 1st 22830.1 point or higher, 2nd 23806.5 point or higher Stop Loss: 21919.1 point (However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24076.1 point Target point: 24548.7 point or higher Stop Loss: 23806.5 points
(SHORT) 1. Entry point: When breaking down from the 21919.1 point Target point: 1st 21517.4 point or less, 2nd 20840.5 point or less Stop Loss: 22188.7 point
2. Entry point: When breaking down from 23806.5 point Target point: 23336.2 points or less Stop Loss: 24076.1 point
注释
(BTC Dominance, USDT Dominance 1D Chart) You should see if the USDT dominance is resisting and falling either at the uptrend line (6) or between 3.285-3.374.
(XBTUSD 1D chart) We'll have to see if we can get support on the 22925.0 point-up line (1) and climb along the uptrend line (1).