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 gain support at 44888.0 and move up along the uptrend line (6).
If it falls at 44888.0, a short stop loss is needed.
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.
I think that by touching the 50752.0 point or higher, the expectation for a rise has been amplified. Accordingly, we have to watch for an ascending movement past the 50752.0 point and towards the 55828.0 point.
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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.
(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.
I think USDT Dominance allows us to know the flow of the entire coin market. Currently, USDT dominance is below the uptrend line (1). However, it is showing a short-term uptrend, so it remains to be seen if it falls below the 2.187 point.
Since the BTC price touched more than 50K points, it amplified expectations for an increase. In order to reflect this expectation in the coin market, I think it is necessary to keep the price above 48K.
Accordingly, BTC dominance is showing an upward trend as funds are concentrated in BTC. In order to continue the bull market of altcoins, we believe that BTC price must rise to 50K as soon as possible.
** 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 (48925.0-49300.0).
Make sure you are supported by the 49100.0-52040.0 section.
If it falls, we have to see if we can get support and move up at 44915.0
If it falls at 44915.0, a short stop loss is needed.
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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 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 ---------------------------------------------- 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.
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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.
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(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (48662.5-49177.5).
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.
If you climb above 49934.0 and get support, you'll have to see if there's a rising trend towards the 54914.0 point.