Bitcoin (XBT, including short-term strategy) - March 13

2021年3月12日

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It remains to be seen if any attempts can be made to break above the 59263.5 point.

If it falls, you need to make sure you get support at 54122.5-55828.0.

If it falls in the 48214.0-50752.0 section, a short Stop Loss is required.

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.


We have to see if the current flow from section A is different.

We need to see if the OBV in the volume indicator can increase the green color differently from the A interval.

In the wRSI_SR indicator, we must see if the RS line and SR line can be located above 80.

In the CCI-RC indicator, it remains to be seen if the CCI line can rise above the EMA line.


We must see if there is any movement outside the 50752.0-60904.0 range due to volatility around March 15th.
In particular, it remains to be seen if it can rise above the 59263.5 point.

If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again.
Therefore, careful trading is necessary.


(1h chart)
(UTC)

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(BTC Dominance 1D Chart)

You need to make sure you get resistance at point 63.38.
I think the bull market for altcoins is when BTC dominance is below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.

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(USDT Dominance 1D Chart)

It remains to be seen if it can drop below the 1.952 point.
The next volatility period is around March 15-18.

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** All indicators are lagging indicators.
So, you need 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.
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: Market price at the time of opening
(Example) Gap (G1-G2)

2021年3月13日

注释

(XBTUSD 1h chart)
(UTC)
It remains to be seen if an attempt can be made to rise above the 59263.5 point on the second ascent channel.

2021年3月13日

注释

(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 exceeding the 60344.5 point
Target point: 1st 64351.5 points or higher, 2nd 68358.5 points or higher
Stop Loss: 59008.5 points

2. Entry point: When it exceeds the 69694.5 point
Target point: 72366.0 point or higher
Stop Loss: 68358.5 points

(SHORT)
1. Entry point: When breaking below the 59008.5 point
Target point: 1st 56337.5 or less, 2nd 53666.0 or less
Stop Loss: 60344.5 point

2. Entry point: When breaking below the 52330.0 point
Target point: 48323.0 point or less
Stop Loss: 53666.0 point
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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 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 breaking above the 62139.2 point
Target point: 1st 66791.1 or higher, 2nd 71443.0 or higher
Stop Loss: 60588.6 point

2. Entry point: When breaking above the 72993.6 point
Target point: 76094.9 point or higher
Stop Loss: 71443.0 point

(SHORT)
1. Entry point: When breaking below the 60588.6 point
Target point: 1st 57487.3 or less, 2nd 54286.0 or less
Stop Loss: 62139.2 point

2. Entry point: When breaking down from 52835.4 point
Target point: 48183.5 point or less
Stop Loss: 54386.0 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.