You should watch for any movement that deviates from the 55828.0-60904.0 segment. In particular, it remains to be seen if it can break off the downtrend line and rise above the 59029.0 point.
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you are in the 54122.5-55828.0 section, you can touch the 48214.0-50752.0 section, so you need a short stop loss. However, it may rise along the uptrend line (7), so careful trading is necessary.
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.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we have to see if the CCI line and the EMA line can intersect.
The next volatility period is around March 24th. Accordingly, there may be a sideways streak in the 55828.0-60904.0 section until around March 24th.
If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again. I think there must be an increase in trading volume in order to rise in the 60904.0-63442.0 range.
The important thing in trading is to buy at a lower price and sell at a higher price. The price of all coins in the coin market is at a considerable peak because the current price is buying with the idea that the price will be lower in the future.
Accordingly, if you don't trade with the right investment, you can lose a lot of money compared to your profits.
The 60904.0-63442.0 segment is expected to be an important segment. I think it is a high risk to increase the number of purchases in a situation where there is a sideways movement just below this section.
I think it is important to see how it is supported by ascending to the 60904.0-63442.0 section.
If it fails to rise to the 60904.0-63442.0 section, I think there is a high possibility of a sharp decline.
If there is a plunge in BTC, the price of altcoins is expected to collapse.
I think it's time for the proper distribution of funds.
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(BTC Dominance 1D Chart) You need to make sure you get resistance at point 63.38. In particular, it remains to be seen if it can fall below the uptrend line (1).
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.
(USDT Dominance 1D Chart) If you are below the uptrend line (1), you are 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 know 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 exceeding the 60344.5 point Target point: 1st 64351.5 points or higher, 2nd 68358.5 points or higher Stop Loss: 59008.5 points
2. Entry point: When it exceeds the 69694.5 point Target point: 72366.0 point or higher Stop Loss: 68358.5 points
(SHORT) 1. Entry point: When breaking below the 59008.5 point Target point: 1st 56337.5 or less, 2nd 53666.0 or less Stop Loss: 60344.5 point
2. Entry point: When breaking below the 52330.0 point Target point: 48323.0 point or less Stop Loss: 53666.0 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 breaking above the 62139.2 point Target point: 1st 66791.1 or higher, 2nd 71443.0 or higher Stop Loss: 60588.6 point
2. Entry point: When breaking above the 72993.6 point Target point: 76094.9 point or higher Stop Loss: 71443.0 point
(SHORT) 1. Entry point: When breaking below the 60588.6 point Target point: 1st 57487.3 point or less, 2nd 54286.0 point or less Stop Loss: 62139.2 point
2. Entry point: When breaking down from 52835.4 point Target point: 48183.5 point or less Stop Loss: 54386.0 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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(XBTUSD 1D chart)
(1h chart) (UTC)
Check the flow before and after the time indicated on the chart. You need to make sure you get the support at point 59029.0.