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.
On the wRSI_SR indicator, the RS line fell below 80, turning into a short-term downtrend. Accordingly, you need to see where you are getting support and resistance.
It remains to be seen if the CCI-RC indicator can rise above the uptrend line drawn by the CCI line. It remains to be seen if it can rise above the uptrend line (A). If the CCI line crosses the EMA line, volatility may occur.
The next volatility period is around February 15-21.
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(BTC Dominance 1D Chart) It remains to be seen if it can fall below the uptrend line (1).
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
The next volatility period is around February 15th.
(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.
The next volatility period is around February 15-17.
USDT dominance is falling after resistance at the uptrend line (1), an important trend line. In addition, BTC dominance is also likely to decline by touching the uptrend line (1) again.
Accordingly, altcoin's bull market continues. As the altcoin's bull market continues, most of the cases are rising when you sleep and wake up no matter which coin you buy.
However, even in the bullish market of coins, you must set Stop Loss before buying.
Otherwise, when the coin market suddenly turns into a downtrend, there may be cases where you cannot sell and have to hold months-years, so careful trading is required.
No one knows when to sell in a bull market. However, in order to sell at the high point, the only way to sell is to sell when it surges. It's best to get more returns from these bull markets, but you should also think about ways to keep your investments more stable by recovering the principal you invested. However, if the principal is recovered, the return will decrease.
It is up to you to decide which method you will use to earn money.
** 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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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (47525.0-48000.0).
We should see if we can ascend to the 49100.0-52040.0 section.
If it falls, it remains to be seen if it can move up along the uptrend line with support at 44915.0.
If you fall from the 40275.0 point, you can touch the 28510.0-31450.0 section, so you need a short Stop Loss.
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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 the 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 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.
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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 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.