We need to see if we can get support and climb in the 25579.5-26243.0 range.
If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, it may decline to the 21800.0-24350.5 range and then rise, so careful trading is necessary.
Unpredictable market conditions continue day after day. In this situation, I think it is better to continue trading with the existing coins rather than increasing new investments.
However, there is little trading that can be done because altcoins' movement is slow and fluctuations are small. I think it's a good idea to stop trading for a while if there is movement within the range of support and resistance you have set.
If you want to make a new investment in BTC, you also need to be careful. I don't think it is a good idea to invest in the spot market in such a market situation (the market situation where only BTC prices rise significantly). This is because it is located at a significant peak, so every time a price adjustment is made, there is a high likelihood of a stop loss.
Therefore, I think it is better to use the Perpetual market or Futures market, which are derivatives. This is a product that can be invested both when it rises and when it falls, so it is located in the peak section, and I think it is worth challenging in the current market situation.
If the leverage is 1x, you can trade in an environment similar to the existing spot market.
However, you should first study how to invest in derivatives.
(BTC Dominance 1W Chart) BTC dominance is rising to near 72.54 for the first time since September 2019
Altcoins are showing a significantly lower price increase compared to the BTC price increase. Only some of the altcoins are recording cyclically pumping increases.
** 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. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 trading. You should trade from 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: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
註釋
(XBTUSD 1h chart)-Short term strategy The Fibonacci retracement rate has been set again as the price increases. Accordingly, short-term strategies for the sideways and deviant flows between 25115.0-25613.5 and 27607.0-28105.5 were published.
(LONG) 1. Entry point: When exceeding the 25613.5 point Target point: 1st 26610.5 or higher, 2nd 27607.0 or higher Stop Loss: 25115.0 point
2. Entry point: When it exceeds 28105.5 point Target point: 29601.0 point or higher Stop Loss: 27607.0 point
(SHORT) 1. Entry point: When breaking below the 27607.0 point Target point: 1st 26610.5 or less, 2nd 25613.5 or less Stop Loss: 28105.5 point
2. Entry point: When breaking below 25115.0 point Target point: less than 24252.5 point Stop Loss: 25579.5 point
註釋
(OKEX BTCUSDTPERP 1h chart)-Short term strategy The Fibonacci retracement rate has been set again as the price increases. Accordingly, short-term strategies for the sideways and deviations between the 25073.5-25568.4 section and the 27548.0-28042.9 section have been published.
(LONG) 1. Entry point: When breaking above 25568.4 Target point: 1st 26558.2 point or higher, 2nd 27548.0 point or higher Stop Loss: 25154.9 point
2. Entry point: When exceeding 28042.9 point Target point: 28792.5 points or more Stop Loss: 27548.0 points
(SHORT) 1. Entry point: When breaking below the 27548.0 point Target point: 1st 26558.2 or less, 2nd 25568.4 or less Stop Loss: 28042.9 point
2. Entry point: When breaking down from 25073.5 point Target point: 24548.7 point or less Stop Loss: 25568.4 point
註釋
(USDT Dominance 1D Chart) You should see if you can touch the 2.726-2.754 section.
If you touch the 2.726-2.754 interval, it is expected that volatility will occur. We must see if this volatility leads to any movement that deviates from the 2.67-2.970 interval.
If it rises above 2.970 points, it is expected that the BTC price may plunge.
If it falls below the 2.670 point, I think there is a possibility that altcoins will rise at once. However, it is questionable whether altcoins will continue to rise.