Bitcoin (XBT) - February 8 (when to choose direction)
Actualizado
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We have to see if we can get support at 40340.0-41433.5.
If it falls, we need to make sure we get support at 38225.0.
If you decline at 34107.5, you need a short stop loss.
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If it gets support in the 40340.0-41433.5 section, it is expected to re-determine the flow of BTC.
It remains to be seen if it can rise within the short-term bullish channel range.
The 38225.0-44715.0 section is the section that is likely to decline after completing the'M' pattern.
Accordingly, I think it is good to see an upward movement accompanied by a large amount of trading.
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
On the wRSI_SR indicator, the RS and SR lines have risen to more than 80 points.
As a result, volatility may occur, so careful trading is necessary.
On the CCI-RC indicator, we must see if the CCI line can intersect the EMA line.
The next volatility period is around February 10th.
It is time to watch BTC re-determine the flow.
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(BTC Dominance 1D Chart)
It remains to be seen if the volatility around February 7th (February 6--8) causes any movement that deviates from 61.20-67.44.
In particular, it remains to be seen if it can fall below the downtrend line (3).
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(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
It remains to be seen if the dominance can be maintained below the 2.541-2.670 interval between around February 9th-16th, i.e. below the downtrend line (2).
In particular, it remains to be seen if it can fall below the uptrend line (1).
If it fails to fall below the uptrend line (1), the USDT dominance is expected to rise eventually.
If USDT dominance rises, the coin market will start to decline.
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** 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can get support at 40340.0-41433.5.
If it falls, we need to make sure we get support at 38225.0.
If you decline at 34107.5, you need a short stop loss.
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If it gets support in the 40340.0-41433.5 section, it is expected to re-determine the flow of BTC.
It remains to be seen if it can rise within the short-term bullish channel range.
The 38225.0-44715.0 section is the section that is likely to decline after completing the'M' pattern.
Accordingly, I think it is good to see an upward movement accompanied by a large amount of trading.
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
On the wRSI_SR indicator, the RS and SR lines have risen to more than 80 points.
As a result, volatility may occur, so careful trading is necessary.
On the CCI-RC indicator, we must see if the CCI line can intersect the EMA line.
The next volatility period is around February 10th.
It is time to watch BTC re-determine the flow.
-----------------------------------------------
(BTC Dominance 1D Chart)
It remains to be seen if the volatility around February 7th (February 6--8) causes any movement that deviates from 61.20-67.44.
In particular, it remains to be seen if it can fall below the downtrend line (3).
--------------------------------------------------
(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
It remains to be seen if the dominance can be maintained below the 2.541-2.670 interval between around February 9th-16th, i.e. below the downtrend line (2).
In particular, it remains to be seen if it can fall below the uptrend line (1).
If it fails to fall below the uptrend line (1), the USDT dominance is expected to rise eventually.
If USDT dominance rises, the coin market will start to decline.
-------------------------------------------------- -------------------------------------------
** 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)
Nota
(CME Bitcoin (BTC1!) 1D chart)It started with a rise in the gap (38015.0-39025.0).
You should watch for any movement that deviates from the 35660.0-39915.0 segment.
In particular, we have to see if we can rise above the 37790.0 point to gain support.
It is currently in a period of volatility, so careful trading is necessary.
If it falls, we need to make sure it is supported at 36375.0.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
On the CCI-RC indicator, it remains to be seen if the CCI line can move above the EMA line as it moves along the uptrend line.
It is expected to re-orientate on the 39915.0-40980.0 section.
If it breaks above the 40980.0 point, it is expected to touch the 47370.0-48435.0 section.
Nota
(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.
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(LONG)
1. Entry point: When breaking above the 37569.0 point
Target point: 1st 38566.0 point or higher, 2nd 39563.0 point or higher
Stop Loss: 37070.5 point
2. Entry point: When it exceeds 40061.5 point
Target point: 41556.5 points or more
Stop Loss: 39563.0 point
(SHORT)
1. Entry point: When breaking below 39563.0 point
Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less
Stop Loss: 40061.5 points
2. Entry point: When breaking below 37070.5 point
Target point: 35575.0 point or less
Stop Loss: 37569.0 point
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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.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 37442.9 point
Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher
Stop Loss: 36948.0 point
2. Entry point: When breaking above the 39917.4 point
Target point: 41402.1 point or higher
Stop Loss: 39422.5 point
(SHORT)
1. Entry point: When breaking down from the 39422.5 point
Target point: 1st 38432.7 or less, 2nd 37442.9 or less
Stop Loss: 39917.4 point
2. Entry point: When breaking below the 36948.0 point
Target point: 35463.3 points or less
Stop Loss: 37442.9 point
(Binance BTCUSDTPERP 1h chart)
Please refer to the short-term strategy descriptions on other charts to create a short-term strategy.
Nota
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (38247.5-39250.0).
We must see if we can ascend above the 40016.0 point.
If it falls, we need to see if we can get support at 37840.0.
We need to see if it can rise along the uptrend line (3).
If you get support in the 40016.0-41104.0 section, it is expected to re-direct.
If it falls, we need to make sure we get support at 37840.0.
If you fall at 31312.5 or at the uptrend line (2), you need a short stop loss.
Nota
(USDT Dominance 1D Chart)If it fails to fall below the uptrend line (1), the USDT dominance will eventually rise.
If USDT dominance rises, the coin market could turn into a downtrend.
We have to see if we can maintain dominance below the 2.406 point to move below the uptrend line (1).
(BTC Dominance 1D Chart)
As BTC price surges, BTC dominance is rising.
If the BTC dominance rises, the altcoin's price may move sideways or fall.
Altcoins that move sideways or fall are likely to rise at the end of a bull market, so be careful with your trading.
We believe BTC dominance is likely to rise to a point of up to 67.44.
However, if the BTC price moves sideways in a certain period before that and maintains the price, we expect BTC dominance to decline.
If you touch the M-Signal line of the 1W chart and fall, it is expected to lead to a bull market for altcoins.
If you are investing in altcoins, it is recommended to check the movement of BTC dominance together.
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