readCrypto

Bitcoin (XBT, including short term strategy) - March 3

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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You should watch for any movement that deviates from the 44888.0-50752.0 section.

If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so you need a Stop Loss to preserve profit or loss.

The next volatility period is around March 5-15.

If you summarize the volatility periods of the BTC charts that are being posted, you can see that volatility begins around March 4 (March 3-5).
Therefore, careful trading is necessary.

I think it is good to compare the flow of section A and section B.

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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 61.20 -62.12.
The next volatility period is around March 7.

We have to see if the major coins rise.
If the major coin rises, I think it is highly likely to create a new wave.

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(USDT Dominance 1D Chart)
We have to see if we can get below the 2.406 point.
In particular, it remains to be seen if it can fall below the downtrend line (2).

If it does not fall below the downtrend line (2), it is expected to rise eventually.

It remains to be seen if the volatility around March 4 (March 3-5) could fall below the uptrend line (1) and the downtrend line (2).
You'll also need to watch the climb above 2.842 points.

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** 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 the sake of 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.
Therefore, 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 and 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: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Comment:
(CME Bitcoin (BTC1!) 1D chart)
It started with a rise in the gap (47820.0-48035.0).
You should watch for any movement that deviates from the 44915-52040.0 section.
If it falls at 44915.0, a short stop loss is required.
Comment:
(XBTUSD 1h chart)-Short term strategy

If you forcefully enter a position and start trading, you will only lose more in the end.
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 breaking above the 44316.0 point
Target point: 1st point 48323.0 point or higher, 2nd point 52330.0 point or higher
Stop Loss: 42980.0 point

2. Entry point: When it exceeds the 53666.0 point
Target point: 56337.5 points or more
Stop Loss: 52330.0 point

(SHORT)
1. Entry point: When breaking below the 42980.0 point
Target point: 1st point below 40309.0 point, 2nd point below 37637.5 point
Stop Loss: 44316.0 point

2. Entry point: When breaking below 36301.5 point
Target point: 32294.5 points or less
Stop Loss: 37637.5 point
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If you continue to read my article, I think there will be no need for 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 increase your ability to trade mechanically, I think you'll definitely start to get good results if you proceed.

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(OKEX BTCUSDTPERP 1h chart)-Short-term strategy

(LONG)
1. Entry point: When it exceeds 43531.6 point
Target point: 1st 48183.5 or higher, 2nd 52835.4 or higher
Stop Loss: 41981.0 point

2. Entry point: When it exceeds the 54386.0 point
Target point: 57487.3 point or higher
Stop Loss: 52835.4 point

(SHORT)
1. Entry point: When breaking below the 41981.0 point
Target point: 1st 38879.7 points or less, 2nd 35778.4 points or less
Stop Loss: 43531.6 point

2. Entry point: When breaking down the 34227.8 point
Target point: 29575.9 points or less
Stop Loss: 35778.4 point

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(Binance BTCUSDTPERP 1h chart)

Please refer to the short-term strategy descriptions on other charts to create a short-term strategy.
Comment:
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with an increase in the gap (49182.5-49437.5).
You should watch for any movement that deviates from the 45202.5-49934.0 section.
If you move down at 45202.5, you need a short stop loss.

[Example of exchange chart setup]

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

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