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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
Strong support section: 28K-32K
In order to rise above the M-Signal line of the 1M chart, it must rise above the 40100.0 point.
It must rise above the 41950.0 point to turn into an uptrend.
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
It is necessary to check whether support can be obtained near the 37253.81-38150.02 section.
Support should last until after around March 10th.
That's because we expect the Bollinger Bands to converge more, giving them the strength to continue the trend when they diverged.
It is falling after failing to break through the 45135.66 point and the M-Signal line of the 1W chart.
You need to make sure you have support at the 38150.02 point.
You also need to see if you can break out of the short-term downtrend line.
Recently, the number of days with trading volume above 55.602K is increasing.
Accordingly, the force required for divergence is accumulating.
It is a coin market with an investment environment similar to the stock market, but is a fundamentally different investment product.
The stock market has an entity, but the coin market does not yet have an entity (?), so I do not think it is affected by the current issues in the world.
I think that investment institutions in the stock market tend to follow the flow of the stock market by entering the coin market, but I think it's really irrelevant.
I think the coin market will create a trend unique to the coin market.
Bitcoin's charts are still more chart-following than any other stock market instrument.
I think this is also because there is no substance (?) yet.
The entity will gradually emerge as the coin develops and becomes related to the actual business.
Then, I think it will move away from the chart-following trend and follow the current stock market.
The next volatility period is around April 8th.
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(XBTUSD 1M Chart) - Big Trend
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 downtrend continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
41950.0-46930.0 or more: Expected to create a new wave.
Strong support section: 28K-32K
In order to rise above the M-Signal line of the 1M chart, it must rise above the 40100.0 point.
It must rise above the 41950.0 point to turn into an uptrend.
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
It is necessary to check whether support can be obtained near the 37253.81-38150.02 section.
Support should last until after around March 10th.
That's because we expect the Bollinger Bands to converge more, giving them the strength to continue the trend when they diverged.
It is falling after failing to break through the 45135.66 point and the M-Signal line of the 1W chart.
You need to make sure you have support at the 38150.02 point.
You also need to see if you can break out of the short-term downtrend line.
Recently, the number of days with trading volume above 55.602K is increasing.
Accordingly, the force required for divergence is accumulating.
It is a coin market with an investment environment similar to the stock market, but is a fundamentally different investment product.
The stock market has an entity, but the coin market does not yet have an entity (?), so I do not think it is affected by the current issues in the world.
I think that investment institutions in the stock market tend to follow the flow of the stock market by entering the coin market, but I think it's really irrelevant.
I think the coin market will create a trend unique to the coin market.
Bitcoin's charts are still more chart-following than any other stock market instrument.
I think this is also because there is no substance (?) yet.
The entity will gradually emerge as the coin develops and becomes related to the actual business.
Then, I think it will move away from the chart-following trend and follow the current stock market.
The next volatility period is around April 8th.
------------------------------------------------------------ -------------
(XBTUSD 1M Chart) - Big Trend
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 downtrend continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
Comment:
If it falls in the 37253.81-38150.02 section, there is a possibility that it will fall to the 32K range, so careful trading is required.
(BTCUSDT 1h chart)
From a short-term perspective, it is important to move above the M-Signal line on the 1M chart.
High point entry point: 44416.04
Low entry point: 38352.48
Uptrend Entry Point: Above 41950.0
Downtrend entry point: Below 38562.39
If the price holds above the M-Signal line on the 1D chart (above the 40100 point), it is expected to break out of the bottom section.
If the price holds above the M-Signal line on the 1W chart (above the 41950.0 point), it is expected to turn into an uptrend.
However, since the section 46487.52-49266.69 is the section that determines the trend, it is expected that the trend will continue in the direction outside the section 45135.66-50931.30 after rising to the section 46487.52-49266.69.
Therefore, if it falls below the 45135.66 point, Stop Loss is required to preserve profit and loss.
A move above the 50931.30 point is expected to accelerate the uptrend.
(BTCUSDT 1h chart)
High point entry point: 44416.04
Low entry point: 38352.48
Uptrend Entry Point: Above 41950.0
Downtrend entry point: Below 38562.39
Therefore, if it falls below the 45135.66 point, Stop Loss is required to preserve profit and loss.
A move above the 50931.30 point is expected to accelerate the uptrend.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
As USDT issuance increases, USDT dominance also maintains an upward trend.
As such, it is more likely that the USDT dominance will move higher than the 5.535 point.
However, since USDT is issued for the purpose of investing in the coin market, it is expected to start trading soon.
BTC Dominance is currently showing a lot of declines.
Therefore, BTC dominance is expected to show an upward trend going forward.
However, if funds continue to flow in via USDT or USDC, we expect it to fall below the previous low of 35.41.
Therefore, if BTC dominance rises, it is expected to touch the 43.75-46.76 section.
If it rises above the 50.49 point, the coin market will enter a bear market.
A rise in BTC dominance means a fall in altcoins.