We have to see if we can get support and climb at 33062.5.
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 you break above the downtrend line (8) and gain support at 34871.0-35964.5, we would expect to retake direction at 40340.0-41433.5.
If the uptrend continues, it is expected to touch the 47996.5-49090.0 section.
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 line must be positioned above 80 points, so we must see if the SR line can ascend near the 80 point.
On the CCI-RC indicator, we must see if the CCI line can intersect the EMA line.
Volatility can occur when the above indicators move. In order to prevent loss due to volatility that occurs at this time, it is recommended to set a wide support and resistance points for the coins you hold.
(1W chart) We have to see if it can close at 33062.5 points or higher.
On the wRSI_SR indicator, we have to see if the RS line can rise more than 20. On the CCI-RC indicator, we need to see if the CCI line moves along the uptrend line.
(1M chart) If you gain support and rise in section 1, the uptrend is expected to continue.
If it goes down, it is expected that the downtrend will continue in the order indicated on the chart.
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(BTC Dominance 1D Chart) It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range. In particular, you need to make sure you can get resistance at 63.38.
If it continues to decline at 63.38, it is expected to be the bull market for altcoins.
The altcoin price seems to be falling or moving sideways, but when you wake up from sleep, it is expected that the situation with the high peak will continue. Buying in this situation should be done when the price falls. If not, the criticism price will continue to rise and losses will continue to occur.
However, the coin market is currently at the peak, so if you trade with too much investment, the risk is too high.
(USDT Dominance 1D Chart) We must see if we can get resistance at the downtrend line (2) and move below the 2.541 point.
I think there is a possibility to determine the direction of the coin market between February 3 and 16. During this period, you should watch for any movement that deviates from the 2.349-2.842 range. I think the trend of the coin market is highly likely to be determined depending on the point of departure.
** 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 to 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)
ملاحظة
(CME Bitcoin (BTC1!) 1D chart) It started with a drop in the gap (34855.0-33315.0).
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
We must see if we can ascend above the 33780.0 point.
The next volatility period is around February 5.
ملاحظة
(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 it exceeds 31587.5 point Target point: 1st 32584.5 or higher, 2nd 33581.5 or higher Stop Loss: 31089.0 point
2. Entry point: When it exceeds 34080.0 point Target point: 35575.0 point or higher Stop Loss: 33581.5 points
(SHORT) 1. Entry point: When breaking below the 33581.5 point Target point: 1st 32584.5 or less, 2nd 31587.5 or less Stop Loss: 34080.0 point
2. Entry point: When breaking below 31089.0 point Target point: 29593.5 points or less Stop Loss: 31587.5 points
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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 you'll start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When it exceeds 31504.0 point Target point: 1st 32493.9 or higher, 2nd 33483.7 or higher Stop Loss: 31009.2 point
2. Entry point: When breaking above 33978.6 point Target point: 35463.3 points or more Stop Loss: 33483.7 points
(SHORT) 1. Entry point: When breaking below 33483.7 point Target point: 1st 32493.9 or less, 2nd 31504.1 or less Stop Loss: 33978.6 point
2. Entry point: When breaking below 31009.2 point Target point: 29524.5 points or less Stop Loss: 31504.1 point
ملاحظة
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a drop in the gap (34990.0-32747.5).
The volatility around February 2nd (February 1st-3rd) will have to see if there is any movement outside the 31312.5-34220.0 range.
You also need to see if you can climb along the uptrend line (3).
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