We need to see if we can get support and climb in the 60904.0-63442.0 range.
If it falls, you need to make sure you get support at 59263.5. In particular, we need to see if it rises along the uptrend line (6).
If you fall in the 54122.5-55828.0 section, you can touch the 50752.0 point, so a short stop loss is required. However, it may rise along the uptrend line (7), so careful trading is necessary.
If you fall in the 48214.0-50752.0 section, you can touch the 40600.0 point, so you need to trade carefully.
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.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases. If the center line doesn't rise, it's hard to say that the upside is strong, so you need to trade carefully.
In the wRSI_SR indicator, we must see if the RS line and SR line can be located above 80. If the RS line falls below 80 and turns into a short-term flow, we need to see where the BTC price is gaining support.
In the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can turn upward.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate. Accordingly, the period of sideways may be prolonged.
It remains to be seen whether the price of Major Coins could rise due to the sideways BTC price. The rise of the major coins is expected to create a new wave. Therefore, I believe that the current rise of altcoins may slow down or turn into a decline.
Market trends are always changing faster than expected. I think the only way to respond to rapid change is by establishing a response strategy in advance.
(1h chart) (UTC) Check the flow before and after the time indicated on the chart.
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(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.
** 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 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: Market price at the time of opening (Example) Gap (G1-G2)
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(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 exceeding the 60344.5 point Target point: 1st 64351.5 points or higher, 2nd 68358.5 points or higher Stop Loss: 59008.5 points
2. Entry point: When it exceeds the 69694.5 point Target point: 72366.0 point or higher Stop Loss: 68358.5 points
(SHORT) 1. Entry point: When breaking below the 59008.5 point Target point: 1st 56337.5 or less, 2nd 53666.0 or less Stop Loss: 60344.5 point
2. Entry point: When breaking below the 52330.0 point Target point: 48323.0 point or less Stop Loss: 53666.0 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.
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(OKEX BTCUSDTPERP 1h chart)-Short-term strategy
(LONG) 1. Entry point: When breaking above the 62139.2 point Target point: 1st 66791.1 or higher, 2nd 71443.0 or higher Stop Loss: 60588.6 point
2. Entry point: When breaking above the 72993.6 point Target point: 76094.9 point or higher Stop Loss: 71443.0 point
(SHORT) 1. Entry point: When breaking below the 60588.6 point Target point: 1st 57487.3 point or less, 2nd 54286.0 point or less Stop Loss: 62139.2 point
2. Entry point: When breaking down from 52835.4 point Target point: 48183.5 point or less Stop Loss: 54386.0 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.
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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (57075.0-58755.0). We have to see if we can get support at 59335.0 and climb above 63810.0. If it falls, you need to make sure you get support at 57925.0. 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 an increase in the gap (57202.5-58842.5). We need to see if we can get support at 59893.5-62383.0 and climb along the uptrend line (3).
If it falls, you need to make sure you get support at 59180.0.
If you fall from the 54914.0 point, you can touch the 49934.0 point, so you need to trade carefully. If you move down at 47444.5, you need a short stop loss.
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(BTC Dominance 1D Chart)
(USDT Dominance 1D Chart)
USDT dominance rose as the BTC price fell. However, BTC dominance declined.
(XBTUSD 1D chart)
(BTCUSDT 1D chart)
I think it tells us that the sell-off, which causes the price of BTC to fall, is weak. In addition, I think that altcoin's price defense in the BTC market has led to a decline in BTC dominance.
Accordingly, it remains to be seen whether the 55828.0-60904.0 segment (XBTUSD) and 55811.30-60886.07 segment (BTCUSD) can move sideways by around March 24th.
Around March 24th-around April 3 (XBTUSD) and around March 24th-around March 31 (BTCUSDT) are expected to be the next volatility period.
I will tell you more about it while looking at the flow in the future.