We have to see if we can get support at 50752.0 and rise above 54122.5.
If it falls, you need to make sure you get support at 44888.0-50752.0. In particular, it remains to be seen if it can rise along the short-term uptrend line (7).
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.
We believe BTC may show direction due to volatility between March 5th and 15th. Therefore, careful trading is necessary.
An increase in red on the OBJ indicator in the volume indicator means that the sell-off is on the rise. Accordingly, in order to increase the BTC price, it should turn green and increase. It is expected that it will not be able to break above the 55828.0 point without an increase in trading volume. When breaking above the uptrend line (6), the volume should increase.
In the CCI-RC indicator, if the CCI line falls below 100 or crosses the EMA line, volatility may occur, so careful trading is necessary.
We have to see if the previous majorcoins are rising. If the previous major coins rise, it is expected that the current wave will end and a new wave will begin. Since the current wave is on an uptrend, this does not mean that a new wave will unconditionally lead to a downtrend. Since there is a movement that has not been experienced before in the coin market, I think that a new wave is also a movement that has not been experienced.
I think the rise of the previous major coin is important in this sense. Accordingly, if pumping of previous major coins starts, you need to think about how to deal with the coins you currently hold. Of course, you have to keep in mind both when it rises and when it falls.
I think the beginning of a new wave is highly likely to determine its direction depending on whether it breaks above the 59263.5 point or not. (Of course, BTC will determine the direction in the 60904.0-63442.0 section, which I mentioned before.) Accordingly, when attempting to break through the 59263.5 branch, the trading volume is very important.
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(BTC Dominance 1D Chart) We must see if we can get resistance at the uptrend line (1) and drop below the downtrend line (3). If it gets resistance at the uptrend line (1), it is expected to eventually fall below the downtrend line (3).
If there is a movement between the downtrend line (3) and the uptrend line (1), the next volatility period is around April 10th.
Altcoin's bullish market is believed to be when BTC dominance is located at 63.38. Therefore, it is always a good idea to check if you are climbing above the 63.38 point.
** 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 the sake of 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. Therefore, 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: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
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(XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will only lose more in the end. 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 53666.0 point Target points: 1st 56337.5 points or higher, 2nd 59008.5 points 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 48323.0 point or less, 2nd 44316.0 point or less 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 ---------------------------------------------- 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 increase your ability to trade mechanically, I think you'll definitely start to get good results if you proceed.
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(OKEX BTCUSDTPERP 1h chart)-Short-term strategy
(LONG) 1. Entry point: When exceeding the 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 the 62139.2 point Target point: 66791.1 point or higher Stop Loss: 60588.6 point
(SHORT) 1. Entry point: When breaking below the 52835.4 point Target points: 1st 48183.5 points or less, 2nd 43531.6 points 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.
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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (52145.0-51995.0). We need to see if we can get support at 52040.0 and climb above 53720.0.
If it falls, you need to make sure you get support at 44915-52040.0.
If you go down at 44915.0, you need a short stop loss.
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(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (49602.5-52405.0). It remains to be seen if it can rise along the uptrend line (3) and rise above the 54914.0 point.
If it falls, you need to make sure you get support at 47444.5-49934.0. If you move down at 45202.5, you need a short stop loss. The next volatility period is around March 12th.