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You need to make sure you can get support at point 38152.5.
You should watch for any movement that deviates from the 35964.5-40340.0 segment.
If it falls at 34107.5, a Stop Loss is needed to preserve profit and loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow.
Therefore, the flow until around January 15th is important.
If you find a good trend in the current situation,
1. A flow that goes sideways while being supported at 38152.5
2. Upward flow along the uptrend line (7)
Also, we need to see if a flow similar to that of section A can come out.
( BTC Dominance 1D Chart)
You need to see if you can get resistance at the uptrend line (2).
We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A.
If it doesn’t fall below the uptrend line (1), BTC dominance will eventually rise.
Accordingly, it is necessary to check the price change of altcoins.
(USDT Dominance 1D Chart)
** All indicators are lagging indicators.
So, it’s important to be aware that the indicator moves accordingly with the movement of price and .
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 indicator.
Hence, the interpretation is the same as the conventional 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, , 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)