The volatility around February 10 should be watched to see if there is any movement that deviates from the 44715.0-47996.5 (up to 41433.5-47996.5) range.
In particular, it remains to be seen if it can rise along the uptrend line (6).
If it falls, you need to make sure you get support at 40340.0-41433.5.
On the wRSI_SR indicator, it remains to be seen if the CCI line can rise above the uptrend line drawn.
If you decline at 34107.5, you need a short stop loss. However, it shows a lot of difference from the current price location, so you need to think about how to respond to the 34107.5 point.
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 rises to the 47996.5-49090.0 section, it is expected to re-determine the flow of BTC.
It's a good idea to keep an eye on the current market movement while referring to the USDT dominance chart. We believe USDT Dominance informs private traders of the flow of funds in real time within a limited range.
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(BTC Dominance 1D Chart) We'll see if we can get resistance at the M-Signal line on the 1W chart and drop below the 63.38 point. In particular, it remains to be seen if it can decline along the downtrend line (5).
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If BTC dominance and USDT dominance rise together, the coin market could turn into a downtrend, so careful trading is necessary.
** 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 traditional 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)
Ghi chú
(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (47765.0-47500.0).
We have to see if we can climb above the 47370.0 point and get support.
If it falls, you need to make sure you get support in the 39915.0-40980.0 range.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
If it rises to the 44175.0-47370.0 section, it is expected to determine its direction again.
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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 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 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.
Ghi chú
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a fall in the gap (47782.5-46860.0).
You must see if you can climb above the 47631.5 point for support.
If you get support in the 47631.5-48719.0 section, you're expected to reorientate.
If it falls, you need to make sure you get support at 44367.5.
If you fall at the downtrend line (3), you need a short stop loss.
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