We have to see if we can ascend to the 48214.0-50752.0 range.
If it falls, we need to see if it can rise along the uptrend line (6).
If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so a short Stop Loss is required.
On the wRSI_SR indicator, the RS line falls below 80 and is about to turn to a short-term downtrend. So, you need to see where you are getting support and resistance.
It remains to be seen if the CCI-RC indicator can rise above the uptrend line drawn by the CCI line. It remains to be seen if it can rise above the uptrend line (A).
The next volatility period is around February 15-21.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from 61.20-63.38. In particular, it remains to be seen if it can fall below the uptrend line (1).
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
The next volatility period is around February 15th.
** 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)
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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (47525.0-48000.0).
We should see if we can ascend to the 49100.0-52040.0 section.
If it falls, you need to make sure you get support at 44915.0.
If you fall from the 40275.0 point, you can touch the 28510.0-31450.0 section, so you need a short Stop Loss.
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(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. --------------------------------- (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 ---------------------------------------------- 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 definitely start to get good results.
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(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
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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.
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(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (47162.5-48165.0).
We need 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.