readCrypto

Bitcoin (BTC) - March 16

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Dear traders, nice to meet you.

By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.

-------------------------------------------------- -----

We have to see if we can get support and climb in the 54087.67-55811.30 range.

You should watch for any movement that deviates from the uptrend line (8)-(7).


1. As the green of OBV in the volume indicator is increasing, you can see that the buying trend is increasing.
However, since the center line of the OBV is not rising, I don't think that the strength of the ascent is very strong.

2. On the wRSI_SR indicator, if the RS line falls from 80 and turns to a short-term downtrend, we need to see where the BTC price is gaining support.
Volatility can occur when the RS line breaks through the 80, 50, and 20 points.
In addition, variability may occur when the RS and SR lines intersect.

3. In the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines turn upward.
Volatility can occur when the CCI line breaks above the 100, 0, and -100 points.
In addition, variability may occur when the CCI line and EMA line intersect.


When interpreting metrics, you don't have to do it too hard.
It is advisable to briefly interpret each indicator with the most important key points.


In the interval 60886.07-63423.46, BTC is expected to reorientate.
However, by showing more declines than expected, it makes you feel like it will turn to a downtrend.

The MS-Signal line is an index set to find out the trend.
Accordingly, if the price is positioned above the MS-Signal line, it can be said that it is maintaining an uptrend.


If it falls from 54087.67--55811.30, it falls below the MS-Signal line and touches the 48199.13-50736.52 section, so a short stop loss is required.
However, it may rise along the uptrend line (8), so careful trading is necessary.

If you fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a Stop Loss to preserve profit or loss.

---------------------------------------------

(OKEX BTCUSDT 1D chart)
We have to see if we can get support and climb at the 56184.0 point.

If it falls from the 56184.0 point, a short Stop Loss is required.
However, you can touch the 53231.9 point and go up, so you need to trade carefully.

If it falls from the 40822.2 point, you can touch the 30581.0-33141.3 section, so you need a Stop Loss to preserve profit or loss.

-------------------------------------------------- -

(Coinbase BTCUSD 1D chart)
We'll have to see if we can get support and climb from 54142.13-55877.16.

If you fall in the 54142.13-55877.16 section, you can touch the 50798.82 point, so you need a short Stop Loss.
However, you need to trade carefully as it may rise above the uptrend line (7).

If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a Stop Loss to preserve profit or loss.

-----------------------------------------------

(BTC Dominance 1D Chart)
You need to make sure you get resistance at point 63.38.
I think the bull market for altcoins is when BTC dominance is below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.

The decline in BTC price and the decline in BTC dominance means that altcoins have been defended against the price.
So, it's a good idea to watch the coin market flow for the next few days.

Impatience in making investments can result in losses.
I think that loss can be minimized if we can check the trend of the coin market, check the status of the coins supported, and proceed with the installment purchase.

--------------------------------------------------

(USDT Dominance 1D Chart)
It remains to be seen if volatility around March 15th-18th could drop below the 1.952 point.

If you are below the uptrend line (1), you are still in a downtrend.
The decline in USDT dominance is likely to lead to an upward trend in the coin market.

-------------------------------------------------- -------------------------------------------

** 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.
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)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.