Bitcoin (XBT) - February 19 (volatility period-6)
Updated
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During the volatility period around February 15-21 (20-22), we should wait and see if it can be supported at 50752.0 points and raised above 55828.0 points.
If it goes down, make sure it's supported in the 48214.0-50752.0 section.
If it falls from 44888.0 points, a short stop loss is required.
However, careful trading is required because it can be raised by touching the rising trend line (6).
If you fall from the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, which requires Stop Loss to preserve profit and loss.
During the volatility period around February 15-21, too fast a response can cause a loss.
We have to wait and see if the BTC price movement will change from Altcoin to Major Coin during this volatility period (until February 22).
As a result, it is expected that the BTC price will move rapidly.
This variability could potentially touch point 47265.5 or point 55828.0.
The price of BTC is breaking New High, so there is no data to refer to.
To make up for this, I recommend you to watch it with the USDT Dominance chart.
If you are investing in Altcoin, I recommend you to view the BTC Dominance chart as well.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can fall below the 61.20 point.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
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(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 1.952-2.349.
In particular, it remains to be seen if it could fall below the previous low of 2.088.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
If the USDT dominance goes up, you need to make sure it is resisting at the downtrend line (2).
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
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** All indicators are lagging indicators.
So, it's important to know 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.
-------------------------------------------------- -----
During the volatility period around February 15-21 (20-22), we should wait and see if it can be supported at 50752.0 points and raised above 55828.0 points.
If it goes down, make sure it's supported in the 48214.0-50752.0 section.
If it falls from 44888.0 points, a short stop loss is required.
However, careful trading is required because it can be raised by touching the rising trend line (6).
If you fall from the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, which requires Stop Loss to preserve profit and loss.
During the volatility period around February 15-21, too fast a response can cause a loss.
We have to wait and see if the BTC price movement will change from Altcoin to Major Coin during this volatility period (until February 22).
As a result, it is expected that the BTC price will move rapidly.
This variability could potentially touch point 47265.5 or point 55828.0.
The price of BTC is breaking New High, so there is no data to refer to.
To make up for this, I recommend you to watch it with the USDT Dominance chart.
If you are investing in Altcoin, I recommend you to view the BTC Dominance chart as well.
-----------------------------------------------
(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can fall below the 61.20 point.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
--------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 1.952-2.349.
In particular, it remains to be seen if it could fall below the previous low of 2.088.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
If the USDT dominance goes up, you need to make sure it is resisting at the downtrend line (2).
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know 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) ...
Note
(CME Bitcoin (BTC1!) 1D chart)It started with a fall in the gap (52340.0-52035.0).
We have to see if we can get support and climb into the 49100.0-52040.0 section.
If it falls at 44915.0, a short stop loss is required.
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(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a fall in the gap (53182.5-52740.0).
We must see if we can ascend beyond the 54914.0 point.
If it falls, you need to make sure you get support at 47444.5-49934.0.
If it falls at 45202.5, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line (3) and go up.
If you climb above the 49934.0 point and get support, you'll have to watch for the upward trend towards the 54914.0 point.
Note
(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 53666.0 point
Target point: 1st 56337.5 or higher, 2nd 59008.5 or higher
Stop Loss: 52330.0 point
2. Entry point: When exceeding the 60344.5 point
Target point: 64351.5 points or more
Stop Loss: 59008.5 points
(SHORT)
1. Entry point: When breaking below the 59008.5 point
Target point: 1st 56337.5 or less, 2nd 53666.0 or less
Stop Loss: 60344.5 point
2. Entry point: When breaking below the 52330.0 point
Target point: 48323.0 point or less
Stop Loss: 53666.0 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 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 52296.5 point
Target point: 1st 53725.6 point or higher, 2nd 55154.6 point or higher
Stop Loss: 51581.9 points
2. Entry point: When breaking above 55869.2 point
Target point: 58012.8 points or higher
Stop Loss: 55154.6 point
(SHORT)
1. Entry point: When breaking below 55154.6 point
Target point: 1st 53725.6 or less, 2nd 52296.5 or less
Stop Loss: 55869.2 point
2. Entry point: When breaking below 51581.9 point
Target point: 49438.3 points or less
Stop Loss: 52296.5 points
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(Binance BTCUSDTPERP 1h chart)
Please refer to the short-term strategy descriptions on other charts to
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