Bitcoin (XBT) - February 16 (volatility period-3)
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You need to make sure you are supported in the 48214.0-50752.0 section.
If it falls, it remains to be seen if it can get support at 44888.0 and move up along the uptrend line (6).
If you move down at 44888.0, you need a short stop loss.
If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so you need a Stop Loss to preserve profit or loss.
On the 1.OBV indicator, it remains to be seen if OBV can rise near 13.496B as the width of the buy (green) increases.
It remains to be seen whether the RS line turns into a short-term uptrend in the 2.wRSI_SR indicator.
3. On the CCI-RC indicator, we must watch if the CCI and EMA lines rise.
First of all, if you get support at 48214.0, the indicators described above will start to show an upward trend.
The price of major coins is showing a correction as BTC price moves sideways in the peak section.
I think this is telling us that USDT Dominance's movement is unchanged.
We believe that escaping from these movements could escape as the trading volume of BTC increases.
If the price closes above the 48214.0 point and then keeps falling below the 48214.0 point, I think the BTC price is likely to decline.
Accordingly, if the price is closed above the 48214.0 point, I think it should show a small decline below the 48214.0 point.
You have to set the points of support, resistance, and stop loss points of the coins you have, and think in advance how to deal with them when you reach that point.
This volatility could lead to movement between 38225.0-40600.0 or 55828.0.
Around February 15th (February 14-16)-During the volatility period around the 21st, responding too quickly can lead to losses.
Therefore, I think it is good to watch the situation with the BTC Dominance and USDT Dominance charts.
If it gets support at 48214.0, it is expected to lead to further gains.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can decline between 61.20-62.12.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
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(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 1.952-2.349.
In particular, we have to watch to see if it is below the uptrend line (1).
We'll see if it rises to 2.187-2.541 between February 14-18.
If it goes up, you need to make sure you get resistance at the downtrend line (2).
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
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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 published by oh92. (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 need to make sure you are supported in the 48214.0-50752.0 section.
If it falls, it remains to be seen if it can get support at 44888.0 and move up along the uptrend line (6).
If you move down at 44888.0, you need a short stop loss.
If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so you need a Stop Loss to preserve profit or loss.
On the 1.OBV indicator, it remains to be seen if OBV can rise near 13.496B as the width of the buy (green) increases.
It remains to be seen whether the RS line turns into a short-term uptrend in the 2.wRSI_SR indicator.
3. On the CCI-RC indicator, we must watch if the CCI and EMA lines rise.
First of all, if you get support at 48214.0, the indicators described above will start to show an upward trend.
The price of major coins is showing a correction as BTC price moves sideways in the peak section.
I think this is telling us that USDT Dominance's movement is unchanged.
We believe that escaping from these movements could escape as the trading volume of BTC increases.
If the price closes above the 48214.0 point and then keeps falling below the 48214.0 point, I think the BTC price is likely to decline.
Accordingly, if the price is closed above the 48214.0 point, I think it should show a small decline below the 48214.0 point.
You have to set the points of support, resistance, and stop loss points of the coins you have, and think in advance how to deal with them when you reach that point.
This volatility could lead to movement between 38225.0-40600.0 or 55828.0.
Around February 15th (February 14-16)-During the volatility period around the 21st, responding too quickly can lead to losses.
Therefore, I think it is good to watch the situation with the BTC Dominance and USDT Dominance charts.
If it gets support at 48214.0, it is expected to lead to further gains.
-----------------------------------------------
(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can decline between 61.20-62.12.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
--------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 1.952-2.349.
In particular, we have to watch to see if it is below the uptrend line (1).
We'll see if it rises to 2.187-2.541 between February 14-18.
If it goes up, you need to make sure you get resistance at the downtrend line (2).
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
-------------------------------------------------- -------------------------------------------
** 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 published by oh92. (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 a rise in the gap (48040.0-49415.0).
We should see if we can ascend to the 49100.0-52040.0 section.
If it falls, we have to see if we can get support at 48650.0 and move up.
If it falls at 44915.0, a short stop loss is required.
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 47423.5 point
Target points: 1st 49584.5 points or higher, 2nd 51746.0 points or higher
Stop Loss: 46703.0 point
2. Entry point: When it exceeds the 52466.0 point
Target point: 53907.0 point or higher
Stop Loss: 51746.0 point
(SHORT)
1. Entry point: When breaking below the 51746.0 point
Target point: 1st 49584.5 or less, 2nd 47423.5 or less
Stop Loss: 52466.0 point
2. Entry point: When breaking below the 46703.0 point
Target point: 45262.0 point or less
Stop Loss: 47423.5 points
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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 that 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 you'll start to get good results.
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(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 47294.7 point
Target point: 1st 49438.3 point or higher, 2nd 51581.9 point or higher
Stop Loss: 46580.1 point
2. Entry point: When breaking above 52296.5 point
Target point: 53725.6 point or higher
Stop Loss: 51581.9 points
(SHORT)
1. Entry point: When breaking below 51581.9 point
Target point: 1st 49438.3 point or less, 2nd 47294.7 point or less
Stop Loss: 52296.5 points
2. Entry point: When breaking below the 46580.1 point
Target point: 54151.1 point or less
Stop Loss: 47294.7 points
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(Binance BTCUSDTPERP 1h chart)
Please refer to the short-term strategy descriptions on other charts to create a short-term strategy.
Note
(XBTUSD 1h chart)(UTC)
In the section 44815.5 (44888.0)-48840.5, it has recently shown a sideways movement in the section 46386.5-48840.5.
The M-Signal line on the 1D chart showing the trend is expected to pass above the 44815.5 (44888.0) point not far away.
Accordingly, there is a possibility of volatility while touching the M-Signal line of the 1D chart.
This movement is expected to occur around February 18-20, as shown in the chart.
At this volatility, you need to see if your trading volume increases.
If there is no explosive increase in trading volume, it is likely to be a fake, so careful trading is necessary.
I think there is a possibility of variability touching the 37784.5-39948.0 interval or the 52825.0-54962.5 interval.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (48145.0-48500.0).
We have to see if we can get support and climb in the 47444.5-49934.0 section.
If it falls, you need to make sure you get support at 45202.5.
In particular, it remains to be seen if it can rise along the uptrend line (3).
If you fall from the 37365.0-39975.0 section, you can touch the 30016.0-32505.5 section, so you need a short Stop Loss.
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