You should watch for any movement that deviates from the 44888.0-50752.0 section.
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 wRSI_SR indicator, RS fell below 80, showing a short-term downtrend. In the short-term downtrend, we need to see where the BTC price will gain support.
If the CCI line falls below 100 on the CCI-RC indicator, volatility may occur. At this point, you need to make sure you are getting support at point 44888.0.
(1h chart) (UTC) You should watch for movement in the direction of the arrows drawn on the chart.
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(BTC Dominance 1D Chart) We have to see if we can get resistance at 61.20 and move below the downtrend line (3). With volatility around March 7th (March 6-8), you need to see which trend line moves along the uptrend line (1) or the downtrend line (3).
(USDT Dominance 1D Chart) It remains to be seen if it can fall below the uptrend line (1). In particular, it remains to be seen if it could fall below the 2.249 point to get out of the short-term uptrend. 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 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 are not trading 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
註釋
(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 invest a lot of time and verify 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 that 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 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 point: 1st 48183.5 or less, 2nd 43531.6 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.