The volatility starting around January 28 (January 27-29) touched the 38152.5 point.
We have to see if we can get support at 34871.0 and get off the downtrend line (8).
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
In the wRSI_SR indicator, the RS line broke above 50 points. It remains to be seen if it can rise above 80 points to accelerate the uptrend.
On the CCI-RC indicator, we have to see if the CCI line can touch 100 points and rise.
Volatility can occur when the above indicators move. In order to prevent loss due to volatility that occurs at this time, it is recommended to set a wide support and resistance points for the coins you hold.
If the price of BTC rises to 40340.0-41433.5, it is expected to re-direct. Accordingly, I think two patterns can emerge.
'N' pattern: There is a possibility that it will rise to the 47996.5-49090.0 section. Expect to decide the direction again later.
'M' pattern: In fact, forming an'M' pattern means turning to a downtrend. Accordingly, we expect to turn to a downtrend by touching the 38152.5-44715.0 section and falling below the 27039.5 point.
As the current surge has touched the 38152.5 point, I think the possibility of an'M'-shaped pattern has increased. However, if the price is maintained above the 34107.5 point, I think a'N' pattern can emerge.
Therefore, I think it is necessary to think about how to recover the investment of the coins you own and maximize the profits for the coins corresponding to the remaining profits. To do this, you must consider your own criticism.
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(BTC Dominance 1D Chart) It remains to be seen if the volatility between around January 28th and around February 7th leads to a movement that deviates from the 63.38-65.89 range. You should watch for any movement that deviates from the maximum of 61.20-67.44. In particular, it remains to be seen if it can decline along the downtrend line (3).
(USDT Dominance 1D Chart) We have to see if we can get below the 2.541 point. In particular, it remains to be seen if it can fall below the short-term uptrend line.
** 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 traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula from 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 or 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: Closed price G2: Market price 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 end up losing more. 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 it exceeds 31587.5 point Target point: 1st 32584.5 or higher, 2nd 33581.5 or higher Stop Loss: 31089.0 point
2. Entry point: When it exceeds 34080.0 point Target point: 35575.0 point or higher Stop Loss: 33581.5 points
(SHORT) 1. Entry point: When breaking below the 33581.5 point Target point: 1st 32584.5 or less, 2nd 31587.5 or less Stop Loss: 34080.0 point
2. Entry point: When breaking below 31089.0 point Target point: 29593.5 points or less Stop Loss: 31587.5 points
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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 will increase your ability to trade mechanically, I think if you proceed, you will definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When it exceeds 31504.0 point Target point: 1st 32493.9 or higher, 2nd 33483.7 or higher Stop Loss: 31009.2 point
2. Entry point: When breaking above 33978.6 point Target point: 35463.3 points or more Stop Loss: 33483.7 points
(SHORT) 1. Entry point: When breaking below 33483.7 point Target point: 1st 32493.9 or less, 2nd 31504.1 or less Stop Loss: 33978.6 point
2. Entry point: When breaking below 31009.2 point Target point: 29524.5 points or less Stop Loss: 31504.1 point