Bitcoin (XBT, including short-term strategy) - March 11
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We need to see if we can get support at 55828.0 and move up along the uptrend line (6).
If it falls, you need to make sure you get support at 54122.5.
If it falls in the 48214.0-50752.0 section, a short Stop Loss is required.
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 have to see if the OBV center line can rise as green increases in the OBV indicator in the volume indicator.
In the CCI-RC indicator, if the CCI line crosses the EMA line, volatility may occur, so careful trading is required.
We believe the period of overall volatility in BTC price ended with an increase of more than 55828.0 points.
It is expected to continue the upward trend shown during this volatility period.
However, if you attempt to break through the 59263.5 point and fail, there is a possibility of a sharp decline, so careful trading is necessary.
If the decline begins due to the plunge, it is expected to fall to the 27K range.
The volatility around March 15th, we need to see if there is any movement that deviates from the 50752.0-60904.0 range.
In particular, it remains to be seen if it can rise above the 59263.5 point.
If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again.
Therefore, careful trading is necessary.
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(BTC Dominance 1D Chart)
We have to see if we can get resistance at 62.12.
If it rises, you need to make sure you get resistance at 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.
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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 2.187 point and the downtrend line (2).
The next volatility period is around March 15-18.
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** 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.
Hence, the interpretation is the same as the traditional 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if we can get support at 55828.0 and move up along the uptrend line (6).
If it falls, you need to make sure you get support at 54122.5.
If it falls in the 48214.0-50752.0 section, a short Stop Loss is required.
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 have to see if the OBV center line can rise as green increases in the OBV indicator in the volume indicator.
In the CCI-RC indicator, if the CCI line crosses the EMA line, volatility may occur, so careful trading is required.
We believe the period of overall volatility in BTC price ended with an increase of more than 55828.0 points.
It is expected to continue the upward trend shown during this volatility period.
However, if you attempt to break through the 59263.5 point and fail, there is a possibility of a sharp decline, so careful trading is necessary.
If the decline begins due to the plunge, it is expected to fall to the 27K range.
The volatility around March 15th, we need to see if there is any movement that deviates from the 50752.0-60904.0 range.
In particular, it remains to be seen if it can rise above the 59263.5 point.
If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again.
Therefore, careful trading is necessary.
-----------------------------------------------
(BTC Dominance 1D Chart)
If it rises, you need to make sure you get resistance at 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.
--------------------------------------------------
(USDT Dominance 1D Chart)
The next volatility period is around March 15-18.
-------------------------------------------------- -------------------------------------------
** 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.
Hence, the interpretation is the same as the traditional 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)
코멘트:
(CME Bitcoin (BTC1!) 1D chart)
It started with a rise in the gap (56620.0-56980.0).
We must see if we can ascend above the 57925.0 point.
If it falls, you need to make sure you get support at 53720.0.
If it falls between 49100.0-52040.0, a short Stop Loss is required.
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(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a fall in the gap (57325.0-56010.0).
It remains to be seen if it is supported in the 54914.0-55695.0 interval and can move up along the uptrend line (3).
If it falls, you need to make sure you get support at 47444.5-49934.0.
If you decline at 47444.5, you need a short stop loss.
With volatility around March 12, we have to see if we can hit the 59180.0 point as it rises along the uptrend line (3).
We must see if we can ascend above the 57925.0 point.
If it falls, you need to make sure you get support at 53720.0.
If it falls between 49100.0-52040.0, a short Stop Loss is required.
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(BAKKT Bitcoin (BTM1!) 1D chart)
It remains to be seen if it is supported in the 54914.0-55695.0 interval and can move up along the uptrend line (3).
If it falls, you need to make sure you get support at 47444.5-49934.0.
If you decline at 47444.5, you need a short stop loss.
With volatility around March 12, we have to see if we can hit the 59180.0 point as it rises along the uptrend line (3).
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
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.
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(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
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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.