Bitcoin (XBT, including short-term strategy) - Feb 9
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You should watch for any movement that deviates from the 44715.0-47996.5 segment.
If it falls, you need to make sure you get support at 40340.0-41433.5.
If you decline at 34107.5, you need a short stop loss.
However, it shows a lot of difference from the current price position, so you need to think about how to respond to the 34107.5 point.
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If it rises to the 47996.5-49090.0 section, it is expected to re-determine the flow of BTC.
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(BTC Dominance 1D Chart)
As the BTC price surged, the BTC dominance rose.
Until the price of BTC plunges, I think this is a temporary phenomenon.
Dominance has the potential to touch up to 67.44 points.
If it rises above the 67.44 point, I think it is highly likely that altcoins are in a downward trend.
However, I think it is better to touch the M-Signal line of the 1W chart and fall.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If BTC dominance and USDT dominance rise together, the coin market could turn into a downtrend, so careful trading is necessary.
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(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
We'll see if we can get resistance at the uptrend line (1) and move below the 2.187 point.
(All Period)
Touch the uptrend line (1) and you can see the USDT dominance rising.
As such, I think the uptrend line (1) has an important meaning.
With two large gap rises, it seemed that it would never be possible to touch the uptrend line (1) again, but it is now falling below the uptrend line (1).
As a lot of money has entered and used the coin market, the price of coins is showing a lot of rise.
If you look at the previous trend, the current coin market can be a period in preparation for a decline.
Accordingly, careful trading is necessary.
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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 to 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 and 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You should watch for any movement that deviates from the 44715.0-47996.5 segment.
If it falls, you need to make sure you get support at 40340.0-41433.5.
If you decline at 34107.5, you need a short stop loss.
However, it shows a lot of difference from the current price position, so you need to think about how to respond to the 34107.5 point.
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If it rises to the 47996.5-49090.0 section, it is expected to re-determine the flow of BTC.
-----------------------------------------------
(BTC Dominance 1D Chart)
As the BTC price surged, the BTC dominance rose.
Until the price of BTC plunges, I think this is a temporary phenomenon.
Dominance has the potential to touch up to 67.44 points.
If it rises above the 67.44 point, I think it is highly likely that altcoins are in a downward trend.
However, I think it is better to touch the M-Signal line of the 1W chart and fall.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If BTC dominance and USDT dominance rise together, the coin market could turn into a downtrend, so careful trading is necessary.
--------------------------------------------------
(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
We'll see if we can get resistance at the uptrend line (1) and move below the 2.187 point.
(All Period)
Touch the uptrend line (1) and you can see the USDT dominance rising.
As such, I think the uptrend line (1) has an important meaning.
With two large gap rises, it seemed that it would never be possible to touch the uptrend line (1) again, but it is now falling below the uptrend line (1).
As a lot of money has entered and used the coin market, the price of coins is showing a lot of rise.
If you look at the previous trend, the current coin market can be a period in preparation for a decline.
Accordingly, careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** 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 to 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 and 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (44755.0-45210.0).
You should watch for any movement that deviates from the 44175.0-47370.0 section.
If it falls, we need to make sure it is supported in the 39915.0-40980.0 range.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
If it rises to the 44175.0-47370.0 section, it is expected to determine its direction again.
Note
(XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will end up losing more.
If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.
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(LONG)
1. Entry point: When breaking above the 43821.0 point
Target point: 1st 45262.0 point or higher, 2nd 46703.0 point or higher
Stop Loss: 43101.0 point
2. Entry point: When breaking above the 47423.5 point
Target point: 49584.5 points or higher
Stop Loss: 46703.0 point
(SHORT)
1. Entry point: When breaking below 46703.0 point
Target point: 1st 45262.0 point or less, 2nd 43821.0 point or less
Stop Loss: 47423.5 points
2. Entry point: When breaking below the 43101.0 point
Target point: 40939.5 point or less
Stop Loss: 43821.0 point
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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss.
I think you understand where the movement begins.
We are trying to tell you easily in a format that anyone can understand.
However, I think whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you have invested a lot of time and verified it.
It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies will increase your ability to trade mechanically, I think if you proceed, you will definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 43722.0 point
Target point: 1st 45151.1 point or higher, 2nd 46580.1 point or higher
Stop Loss: 43007.4 points
2. Entry point: When breaking above the 47294.7 point
Target point: 49438.3 points or higher
Stop Loss: 46580.1 point
(SHORT)
1. Entry point: When breaking below the 46580.1 point
Target point: 1st 45151.1 point or less, 2nd 43722.0 point or less
Stop Loss: 47294.7 points
2. Entry point: When breaking below 43007.4 point
Target point: 40863.8 point or less
Stop Loss: 43722.0 point
(Binance BTCUSDTPERP 1h chart)
Please refer to the short-term strategy descriptions on other charts to create a short-term strategy.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (45202.5-47300.0).
If you get support in the 47631.5-48719.0 section, you're expected to re-direct.
If it falls, you need to make sure you get support at 44367.5.
If you fall at the downtrend line (3), you need a short stop loss.
Note
(BTCUSDT 1D chart)You have touched the 47784.32 point or higher.
(XBTUSD 1D chart)
You have touched more than 47996.5 points.
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There may be drastic movements, so be aware of volatility.
Note
(BTC Dominance 1D Chart)(USDT Dominance 1D Chart)
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Funds are moving towards altcoins.
We need to watch the USDT dominance move.
It remains to be seen if the USDT dominance can get resistance and decline at 2.187.
If it rises above the uptrend line (1), you should stop trading and check the market flow.
I think the current movement is an altcoin bull market.
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