We have to see if we can ascend to the 48214.0-50752.0 range.
We need to see if we can get support and move sideways in the 44888.0-47265.5 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.
The next volatility period is around March 5th-15th.
(1h chart) (UTC) (KST) You should see the movement before and after the time indicated on the chart. If the uptrend line (1)-(2) is supported as an important uptrend channel, we expect further gains. If it falls, you need to make sure you get support at 44888.0-47265.5.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from 58.89-63.38. In particular, you need to see if you can drop below the 61.20 point.
We'll see if we can get resistance at MS-Signal and drop below the 62.12 point.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If the BTC dominance rises above 63.38 points, the altcoin price is expected to turn downward.
Although USDT dominance is rising, BTC dominance is moving sideways below 63.38 points.
Accordingly, I think a short-term trading market has been formed. Most of the coins are priced at the peak, so careful trading is required.
(USDT Dominance 1D Chart) USDT dominance is rising sharply. Accordingly, there is a short-term uptrend.
Touch the M-Signal line or 2.842 point on the 1W chart and see if it can go down. In particular, it remains to be seen if it can fall below the downtrend line (2).
I think the rise in USDT dominance means that money is being pulled out of the coin market.
** 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. 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: 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 breaking above the 44316.0 point Target point: 1st 48323.0 point or higher, 2nd 52330.0 point or higher Stop Loss: 42980.0 point
2. Entry point: When it exceeds the 53666.0 point Target point: 56337.5 points or more Stop Loss: 52330.0 point
(SHORT) 1. Entry point: When breaking below the 42980.0 point Target point: 1st point below 40309.0 point, 2nd point below 37637.5 point Stop Loss: 44316.0 point
2. Entry point: When breaking below 36301.5 point Target point: 32294.5 points or less Stop Loss: 37637.5 point ---------------------------------------------- If you continue to read my article, I think there will be no need for 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 it exceeds 43531.6 point Target point: 1st 48183.5 or higher, 2nd 52835.4 or higher Stop Loss: 41981.0 point
2. Entry point: When it exceeds the 54386.0 point Target point: 57487.3 point or higher Stop Loss: 52835.4 point
(SHORT) 1. Entry point: When breaking below the 41981.0 point Target point: 1st 38879.7 or less, 2nd 35778.4 or less Stop Loss: 43531.6 point
2. Entry point: When breaking down from 34227.8 point Target point: 29575.9 points or less Stop Loss: 35778.4 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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(USDT Dominance 1D Chart) USDT dominance is higher than the 2.406 point. Accordingly, it is rising above the downtrend line (2).
We need to see if we get resistance at 2.842, the last point to stop the uptrend and the M-Signal line on the 1W chart. Accordingly, the next volatility period is around March 4th.
If the USDT dominance rises, it means that funds are being drained from the coin market. So, it means you are selling coins.
(BTC Dominance 1D Chart) Unlike USDT Dominance, it is moving sideways in the 61.20-63.38 section. Accordingly, I believe that the same-day trading market for altcoins has been formed. It is possible that this is a market formed in order for the factions to hand over their stock to individual investors, so it is necessary to establish a stop loss point and proceed with the transaction.
Currently, most coins are located at a significant peak, so if they are forcibly held at this point (due to a drop in price), they have to be held for a tremendous long period of time.