readCrypto

Bitcoin (BTC) - February 15

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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


It is important to keep the price above the 41950.0 (up to 40100.0) point.

In particular, you need to see if you can get into an uptrend channel while rising above the 42729.29 point.

If it enters the rising channel, it is expected to show a movement similar to the drawn path 1 direction.

Therefore, it is necessary to check whether there is a movement out of the 40100.0-45135.66 section due to the volatility around February 18th.


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


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 from the 50931.30 point, I would expect a move to move above the 60383.36 point.


On February 4, in the CCI-RC indicator, the CCI line rose above the -100 point and above the EMA line.

As long as the CCI line does not move below the EMA line or below the -100 point, BTC is expected to rise.


On the wRSI_SR indicator, BTC fell on the 10th of February, breaking away from the uptrend line drawn by the RS line.

Accordingly, the RS line has fallen below the 20 point and is expected to create a new trend.

However, since it did not fall below the trend line indicated by the wRSI_SR indicator drawn on the price chart, the possibility of further upside is increased.

Therefore, it becomes more and more important to keep the price above the 40100.0-41950.0 range.


I think that the role of auxiliary indicators is to confirm (?) or prove (?) in predicting the movements of price and volume.

Therefore, when interpreting auxiliary indicators, it is necessary to try to interpret the auxiliary indicators with the most essential elements.



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 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.)

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Comment:
(BTC 1W Chart)
A new candle has been created.
See how they move at support and resistance points.
Comment:
(IXIC (NASDAQ) 1D Chart)

(XAUUSD (GOLD) 1W Chart)
Comment:
(ETHUSDT 1D Chart)
It is attempting to break above the uptrend line (2).
If it rises along the uptrend line (2), it is expected to move towards the 1st resistance section.
Comment:
(XBTUSD 1h chart)
(UTC) It is rising above the 43745 point without touching the M-Signal line on the 1D chart.

We need to see if any movement out of the triangular channel comes out around February 16th.

In the short term, we need to see if there is movement outside the 40163.5-45211.0 zone with the 17-19 Feb volatility.

[Example of exchange chart setup]

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

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