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Bitcoin (BTC) - February 11

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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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


To break above the 41950.0-46930.0 band, the volume should increase.

Therefore, it is necessary to confirm that the trading volume increases by more than 693.5K.


In the CCI-RC indicator, if the CCI line rises above the +100 point and above the EMA line, it is expected to accelerate the uptrend.



(1D chart)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


On the 4th of February, it rose above the 40100.0 point, sparking hopes for an upside.

And, we are currently in the final phase of a transition to an uptrend.

To convert into an uptrend, the price must rise above the 45135.66 point to hold the price.


If the current wave is just a rebound from a downtrend, then I think the volume should be trending down or the price should show a fall as volume surges.

Therefore, keeping the price above the 41950.0 point is paramount.

However, since the 45135.66 point was touched twice, it may temporarily drop to the 40100.0 point, so careful trading is required.


It is necessary to check whether the movement in the section between February 9-15 shows the same flow as Path No. 1 drawn on the chart.



It is quite difficult to change a trend once formed.
To change a trend, you need a good reason (?).
It is time to check whether such movements are occurring.

- You should check if the green width of the OBV in the trading volume indicator gets bigger.

- In the wRSI_SR indicator, it is necessary to check whether the RS line can be maintained above 80.

- In the CCI-RC indicator, it is necessary to check whether the CCI line is maintained above the -100 point and above the EMA line.



If the price is maintained at the 46487.52-49266.69 section, I expect a trend to form outside the 45135.66-50931.30 section.

Therefore, if it falls from 45135.66 point, stop loss is required to preserve profit and loss.

If it moves higher at the 50931.30 point, I would expect a move to move above the 60383.36 point.


The period of great volatility is around March 3.

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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 bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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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.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of 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.)

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Comment:
(IXIC (NASDAQ) 1D Chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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