Bitcoin (XBT) - February 20 (volatility period-7)
Diupdate
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During the volatility period around February 15-21 (February 20-22) we have to see if we can get support at 50752.0 points and rise above 55828.0 points.
If it falls, you need to make sure you get support in the 48214.0-50752.0 range.
If it falls at 48214.0, a short stop loss is needed.
However, you need to trade carefully as you can touch the uptrend line (6) and go up.
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.
A response that is too quick during the volatility period around February 15-21 can result in losses.
During this volatility period (until February 22), it remains to be seen whether the movement of BTC prices will change the flow from altcoins to major coins.
We recommend viewing the USDT Dominance Chart and the BTC Dominance Chart together.
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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 fall below the 61.20 point.
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)
We have to see if we can get resistance at the previous low of 2.088 and move below 1.952.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
The next volatility period is around March 4.
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 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: 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.
-------------------------------------------------- -----
During the volatility period around February 15-21 (February 20-22) we have to see if we can get support at 50752.0 points and rise above 55828.0 points.
If it falls, you need to make sure you get support in the 48214.0-50752.0 range.
If it falls at 48214.0, a short stop loss is needed.
However, you need to trade carefully as you can touch the uptrend line (6) and go up.
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.
A response that is too quick during the volatility period around February 15-21 can result in losses.
During this volatility period (until February 22), it remains to be seen whether the movement of BTC prices will change the flow from altcoins to major coins.
We recommend viewing the USDT Dominance Chart and the BTC Dominance Chart together.
-----------------------------------------------
(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 fall below the 61.20 point.
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)
We have to see if we can get resistance at the previous low of 2.088 and move below 1.952.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
The next volatility period is around March 4.
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 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Catatan
(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 53666.0 point
Target point: 1st 56337.5 or higher, 2nd 59008.5 or higher
Stop Loss: 52330.0 point
2. Entry point: When exceeding the 60344.5 point
Target point: 64351.5 points or more
Stop Loss: 59008.5 points
(SHORT)
1. Entry point: When breaking below the 52330.0 point
Target point: 1st point below 48323.0 point, 2nd point below 44316.0 point
Stop Loss: 53666.0 point
2. Entry point: When breaking below the 42980.0 point
Target point: 40309.0 point or less
Stop Loss: 44316.0 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 you'll definitely start to get good results.
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(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When exceeding 54386.0 point
Target point: 1st 57487.3 point or higher, 2nd 60588.6 point or higher
Stop Loss: 52835.4 point
2. Entry point: When breaking above 62139.2 point
Target point: 66791.1 point or higher
Stop Loss: 60588.6 point
(SHORT)
1. Entry point: When breaking down from 52835.4 point
Target point: 1st 48183.5 or less, 2nd 43531.6 or less
Stop Loss: 54386.0 point
2. Entry point: When breaking below the 41981.0 point
Target point: 38879.7 points or less
Stop Loss: 43531.6 point
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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.
Catatan
(XBTUSD 1h chart)(UTC)
You need to touch the MS-Signal line and watch what movement comes out.
That said, if you touch the 54962.5 point and go down, you'll have to see how far the price adjustment comes.
If you touch and rise above the 55828.0 point to gain support, we expect further gains.
If it gets support at 55828.0, it is expected to reorient itself with a further climb to the 60904.0-63442.0 section.
Catatan
(XBTUSD 1h chart)(UTC)
It is rising above 55828.0 points.
You should see if you can gain support at 55828.0 points before or after the time indicated on the chart, or if you can climb along the uptrend line.
Also, you need to be careful trading as you can touch the 59263.5 point and plunge.
This volatility period is around February 21 (February 20-22).
In addition, it is necessary to check whether the pumping of major coins comes out during this volatility period.
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