It remains to be seen if any attempts can be made to break above the 59263.5 point.
If it falls, you need to make sure you get support at 54122.5-55828.0.
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 the green increases on the OBV indicator in the volume indicator. Currently, you are starting to see the green color increase. You should see if the OBV centerline starts to rise above the 13.496B point. In order to do that, more trading volumes must occur.
In the CCI-RC indicator, volatility may occur as the CCI line crosses the EMA line, so careful trading is required.
The volatility around March 15th should be watched to see if there is any movement outside the 50752.0-60904.0 range. In particular, we have to see if we can climb above the new challenge 59263.5 points.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate. Therefore, careful trading is necessary.
-----------------------------------------------
(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.
As BTC rises, funds appear to be focusing towards BTC. You should check the support and resistance points of your altcoins. This is because you may decide whether to proceed with additional purchases or to liquidate and preserve profits.
(USDT Dominance 1D Chart) We'll see if we can get resistance at the 2.187 point and the downtrend line (2) and move below the 1.952 point. The next volatility period is around March 15-18.
(1W chart) The 1.654 point is just as important as the 2.406 point. If it falls below this point, the coin market, i.e. BTC price, is expected to be located at an incredibly high price point.
** 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)
註釋
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 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.
-----------------------------------------------
(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
------------------------------------------------
(Binance BTCUSDTPERP 1h chart)
Please refer to the short-term strategy descriptions on other charts to create a short-term strategy.