readCrypto

Bitcoin (BTC) - February 21

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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



(1D chart)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


As it descends near the 38150.02 point, you should check for sharp movements.

This is because, if a sharp movement causes an uptrend or a downtrend, a reversal or rebound is highly likely.


It must move above the 45136.66 point to turn into an uptrend.

However, for now, it is important to be able to move above the 41950.0 point.


If it falls from the point formed at the 36244.55 point, there is a possibility that it will fall near the 27033.35-29812.52 section, so careful trading is required.

Therefore, it is necessary to check whether there is a movement out of the 36244.55-41950.0 section.


The next volatility period is around March 3.


(This is the movement of the indicator you should check to see if there is any upward movement in the BTC price.)

- It is necessary to check whether the green width of OBV in the trading volume indicator increases.

- In the wRSI_SR indicator, you need to check whether the RS line can rise above the 20 point and above the SR line.

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



*** In this chart, the past chart is not properly expressed, so I will explain it with another chart.

(BTCUSD 1M Chart)
The A section indicated in the wRSI_SR indicator is shown in the current price range.

After falling below the MS-Signal indicator, you can see the support and rise.


There is no guarantee that the same movement as in section A will occur in section B.

However, if it falls from the 35060.0 point in its current state, you can see that there is a possibility of a decline around the 27678.0 point.

If support is found above the 35060.0 point, we expect a new pattern that has never been seen before.

Again, a sharp rise is expected in a pattern that is difficult to understand.

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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 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:
(BTCUSDT 1D Chart)
It touches the section 37253.81-38150.02 and shows a sharp movement.

However, it can be seen that the buying force has increased in the short term only when it touches the 40100.0 point or more from the current position.

We need to see if we can sustain the price by breaking above the M-Signal line of the 1M chart.

In particular, it is worth looking closely at whether it is accompanied by a volume of at least 55.602K.

If there is no such move, further declines may occur, so trade cautiously.


(1h chart)
In order to break above the M-Signal line of the 1M chart, it needs to rise above the 39061.55 point.

The CCI-RC indicator shows that volatility is continuing as the CCI line moves up and down the EMA line.

I think the CCI line needs to rise above the zero point to get out of this volatility.

[Example of exchange chart setup]

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

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