The GME issue, which was a big issue worldwide, seems to be calming to some extent. Accordingly, it remains to be seen whether an uptrend in the overall investment market can continue.
We have to see if we can get support at 33062.5 and get off the downtrend line (8).
If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If you break above the downtrend line (8) and gain support at 34871.0-35964.5, we would expect to retake direction at 40340.0-41433.5.
If the uptrend continues, it is expected to touch the 47996.5-49090.0 section.
It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.
In the wRSI_SR indicator, the RS line must be positioned above 80 points, so we must watch whether the SR line can ascend near the 80 point.
On the CCI-RC indicator, we must see if the CCI line can intersect the EMA line.
(1h chart) Among the various indicators displayed on the chart, the M-Signal line is an indicator that can confirm the basic trend. Accordingly, if the price can be maintained above the M-Signal line of the 1D chart, it is highly likely that further increases will occur.
(1W chart) We have to see if we can get support and climb at 33062.5.
On the wRSI_SR indicator, we must see if the RS line can rise by more than 20. On the CCI-RC indicator, we need to see if the CCI line moves along the uptrend line.
(1M chart) If you gain support and rise in section 1, the uptrend is expected to continue.
If it goes down, it is expected that the downtrend will continue in the order indicated on the chart.
-------------------------------------------------
(BTC Dominance 1D Chart) It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range. In particular, you need to make sure you can get resistance at 63.38.
If it continues to decline at 63.38, it is expected to be the bull market for altcoins.
(USDT Dominance 1D Chart) Between February 3 and 16, we have to watch for movements that deviate from the 2.541-2.754 section. In particular, it remains to be seen if it can decline along the downtrend line (2).
Since a lot of money has entered the coin market, I think it makes no sense to compare it with the past trend. However, since it is rising while supporting the long-term uptrend line (1), I think it is worth referring to this trend.
Accordingly, it is necessary to think about an alternative method to the upward trend of USDT dominance.
The increase in USDT dominance means that the coin market is likely to turn downward.
It is important to fall along the downtrend line (2) even to prevent this trend from reversing.
** 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 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. Hence, 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 published by oh92. (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: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
注释
(CME Bitcoin (BTC1!) 1D chart) It started with a drop in the gap (34000.0-33680.0).
We have to see if we can get support at 33780.0 and climb above 34595.0.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
The next volatility period is around February 5.
注释
(XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will end up losing more. If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.
---------------------------------
(LONG) 1. Entry point: When it exceeds 31587.5 point Target point: 1st 32584.5 or higher, 2nd 33581.5 or higher Stop Loss: 31089.0 point
2. Entry point: When it exceeds 34080.0 point Target point: 35575.0 point or higher Stop Loss: 33581.5 points
(SHORT) 1. Entry point: When breaking below the 33581.5 point Target point: 1st 32584.5 or less, 2nd 31587.5 or less Stop Loss: 34080.0 point
2. Entry point: When breaking below 31089.0 point Target point: 29593.5 points or less Stop Loss: 31587.5 points
-----------------------------------------------
If you continue to read my article, I think you won't need 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 will increase your ability to trade mechanically, I think if you proceed, you will definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When it exceeds 31504.0 point Target point: 1st 32493.9 or higher, 2nd 33483.7 or higher Stop Loss: 31009.2 point
2. Entry point: When exceeding 33978.6 point Target point: 35463.3 points or more Stop Loss: 33483.7 points
(SHORT) 1. Entry point: When breaking below 33483.7 point Target point: 1st 32493.9 or less, 2nd 31504.1 or less Stop Loss: 33978.6 point
2. Entry point: When breaking below 31009.2 point Target point: 29524.5 points or less Stop Loss: 31504.1 point
(Binance BTCUSDTPERP 1h chart)
If you are new to derivatives, please refer to our other short-term strategies.
-----------------------------------
All transactions are done in installments. Accordingly, it is recommended to set the entry point, the target point, and the stop loss point as a division.
1. Entry section: within the box section indicated on the chart 2. Target point: Fibonacci retracement point 3. Stop Loss: Determined according to the situation (when sudden movement is expected or comes out)
It uses a method to meet the rating by entering into divisions rather than Stop Loss. Accordingly, it is recommended to use a low leverage ratio or enter only 50% of the total investment. The transaction is also conducted using the horizontal point indicated by the indicator set in the chart.
注释
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (33865.0-33942.5).
The volatility around February 2nd (February 1st-3rd) should be watched to see if there is any movement outside the 31312.5-34220.0 range.
You also need to see if you can climb along the uptrend line (3).
注释
(XRPUSDTPERP 1h chart) I think the important points are the 0.5699, 0.4322, and 0.3183 points.
If you can keep the price above the M-Signal line of the 1D chart passing near the 0.3183 point, I think there is a possibility of continuing the upward trend.
If you get support at 0.3795 and don't rise above 0.4322 points, you're expected to end up touching 0.3183 points, so you need to trade carefully.