readCrypto

Bitcoin (BTC) - March 2

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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


Attempting to break through the M-Signal line of the 1W chart.

Therefore, if it moves higher than the 45135.66 point, it is expected to turn into an uptrend.

However, since the section 46487.52-49266.69 is the section that determines the trend, it must be supported within this section.

The volatility period has changed from around March 3rd to around March 6th, but it's worth keeping an eye out for movements up to March 2-7.


If it rises to the 46487.52-49266.69 section, it is expected that the trend will continue in the direction out of 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 rises above the 50931.30 point,
1st resistance section: near the 54825.02 point
Secondary resistance section: 60383.36-63162.53
Expect resistance in the segment.


Of the many lines drawn, the 49266.69 point is thought to be a stronger resistance point, so I think it's likely to swing up and down around this point.


The next volatility period is around April 8th.

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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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הערה:
(1h chart)
The M-Signal line of the 1W chart is showing an upward trend, breaking above the 43715.45 point mentioned earlier.

It became important to have support above the 43715.45 point.
הערה:
(Market Cap Chart)
BTC Dominance (BTC.D) was failing to move higher, so the current gains could be a short-term move.

However, BTC Dominance (BTC.D) expects the coin market to lead to an uptrend when it touches near the 46.78-48.81 section and falls.

Since a rise in BTC dominance is likely to lead to a decline in altcoins, you should consider ways to increase your holdings by identifying support and resistance points for altcoins and responding appropriately.
הערה:
(LUNAUSD 1W Chart)
It's worth noting whether LUNA's rising price will drive the DeFi theme's rise.

[Example of exchange chart setup]

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

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

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