We have to see if we can ascend to the 48214.0-50752.0 range.
If it falls, it remains to be seen if it can get support at 44888.0 and move up along the uptrend line (6).
If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so a short Stop Loss is required.
As the first test point, you need to make sure you are supported at 46417.5. If it falls from 46417.5, the Heikin Ashi candle is likely to turn to a bearish mark.
The OBV indicator, wRSI_SR indicator, and CCI-RC indicator are all declining or declining. As a result, volatility may occur, so careful trading is necessary.
You have to set the points of support, resistance, and stop loss points of the coins you have, and think in advance how to deal with them when you reach that point.
This volatility could lead to movement in the 38225.0-55828.0 interval.
The next volatility period is around February 15th (February 14-16)-around 21st. Responding too quickly during a period of volatility can be costly. Accordingly, I think it is good to watch the situation with the BTC Dominance and USDT Dominance charts.
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(BTC Dominance 1D Chart) You need to see if you get resistance at the uptrend line (1).
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
It remains to be seen if it can decline along the downtrend line (5) between February 14-26.
(USDT Dominance 1D Chart) You should watch for any movement that deviates from 1.952-2.349. In particular, we have to watch to see if it is below the uptrend line (1).
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
We'll see if it rises to 2.187-2.541 between February 14-18. If it goes up, you need to make sure you get resistance at the downtrend line (2).
** 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) ** 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)
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(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. --------------------------------- (LONG) 1. Entry point: When breaking above the 43821.0 point Target point: 1st 45262.0 point or higher, 2nd 46703.0 point or higher Stop Loss: 43101.0 point
2. Entry point: When breaking above the 47423.5 point Target point: 49584.5 points or higher Stop Loss: 46703.0 point
(SHORT) 1. Entry point: When breaking below 46703.0 point Target point: 1st 45262.0 point or less, 2nd 43821.0 point or less Stop Loss: 47423.5 points
2. Entry point: When breaking below the 43101.0 point Target point: 40939.5 point or less Stop Loss: 43821.0 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 that 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 you'll definitely start to get good results.
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(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When breaking above the 43722.0 point Target point: 1st 45151.1 point or higher, 2nd 46580.1 point or higher Stop Loss: 43007.4 points
2. Entry point: When breaking above the 47294.7 point Target point: 49438.3 points or higher Stop Loss: 46580.1 point
(SHORT) 1. Entry point: When breaking below the 46580.1 point Target point: 1st 45151.1 point or less, 2nd 43722.0 point or less Stop Loss: 47294.7 points
2. Entry point: When breaking below 43007.4 point Target point: 40863.8 point or less Stop Loss: 43722.0 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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(BTC Dominance 1D Chart) You should watch for any movement that deviates from 58.89-63.38. In particular, you need to make sure you can maintain your dominance below the uptrend line (1).
(USDT Dominance 1D Chart) We'll see if we can get resistance at 2.187 and move down.
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If the USDT dominance can remain below the uptrend line (1), I think the coin market can maintain an uptrend.
As BTC dominance rises, altcoins' prices are either sideways or falling.
(Based on XBTUSD chart) (UTC) If the BTC price gains support at 48214.0, the altcoins are expected to rise again.
I think there is a possibility of touching the 37784.5-39948.0 interval or the 52825.0-54962.5 interval with volatility. There is a possibility that it will move sideways in the 44815.5-48214.0 section, so watch the flow.