Bitcoin (BTC) - February 22 (bottom section formation period)

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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
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Above the 27650.0-29350.0 section: An uptrend expected to continue.
(27650.0-33101.0 section: strong support section)

The 42084.0-47010.0 section is a support section for creating a new wave.




(XBTUSD 1D Chart)
Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5


I need to see if I can keep the price above the 37265.0 point.

If the price declines from the 38225.0 point, there is a possibility that it will fall near the 29755.5 point, so you need to trade with caution.

However, since the volume profile section formed near the 33101.0 point can be touched and ascended, a countermeasure is required.

These movements are indicated by the lines drawn on the chart.


However, the wRSI_SR indicator shown in the 1M chart (tradingview.com/x/vK6RN4eK/) is showing a signal that it is bottoming out, so the 35028.0 point is expected to be a junction.


Therefore, the current movement is considered to be forming a bottom.


The period of great volatility is around March 9th.

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(ETHUSDT 1W Chart)
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Above 1728.74 point: Expected to create a new wave.

In order to turn into an uptrend, it should move up near the 3343.06 point.


The 2275.68-2531.05 section is more terrifying than the fall from 1728.74.

The reason is that there is still hope that it will go up.

Therefore, you should check the movement in this section.


In the section 2275.68-2531.05, there was a crisis from a medium-term perspective before, but this time, it is in a crisis from a long-term perspective.

If we do not get out of this crisis, ETH will fall below the range of 1475.00-1728.74.

However, if we get out of this crisis, we expect that it will rise above the 8070.84-8599.65 section.



(1D chart)
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First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23


The indicators on the chart are in a downtrend as they move near the support zone.

Therefore, it is important to ensure that the support zone is supported.


We need to see if we can move above the 2910.0 point with volatility around February 26th.


On the CCI-RC indicator, it is important to check whether the CCI line is above the -100 point and above the EMA line.


The next volatility period is around March 10th.

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(XBTUSD 1M Chart) - Big Trend
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All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Nota
Since BTC appears to have entered a bottoming period, it is a good idea to check the Bitcoin market charts for altcoins you are investing in or want to invest in.
Nota
(ETHBTC 1W chart)
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Nota
(XRPBTC 1W chart)
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Nota
(XAUUSD 1D Chart)
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Due to the volatility around February 23 (February 22-24)

- If the price is maintained above the 1899.330 point, it is expected to rise above the 1st 1944.714 point and the 2nd 2027.745 point or more.

- If it declines from the 1885.500 point, it is expected to decline to the 1st 1855.500 point and to the 2nd 1814.376 point.
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