Bitcoin (BTC) - March 11

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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
снимок
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

In order to rise above the M-Signal line of the 1M chart, it must rise above the 40100.0 point.

It must rise above the 41950.0 point to turn into an uptrend.


If you look at the movement of OBV in the volume indicator, it is showing a movement just before big volatility occurs.



(1D chart)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


It appears that the convergence of the Bollinger Bands started in earnest on March 6th.

Therefore, we need to be aware of the volatility that will arise in the future.

The range of fluctuation is 35045.0-45135.66, and it is expected that volatility will occur outside of this range.


If it falls below the 37253.81-38150.02 section, I think it is highly likely to drop below the 32259.90 point.


The 46487.52-49266.69 section is the section that determines the trend, and the trend is expected to continue in the direction that deviates from the section 45135.66-50931.30.

Therefore, if the price rises to the 46487.52-49266.69 section and maintains, it is necessary to check in which direction the trend will continue.


Therefore, it is necessary to look at which section it will be located due to the volatility around March 17th.


Recently, the trading volume has been increasing.

However, the trading volume on the 1W chart is still in a declining state.

The transition from convergence to divergence for the Bollinger Bands is expected to begin on the day of an increase in volume above the volume that occurred on February 24th.


To switch to an uptrend, it must rise above the M-Signal line on the 1W chart and above the 41950.0 point.


The next volatility period is around April 8th.


As I've said before, if we keep the price above 35K, we can expect unexpected moves.

However, if it fails to rise above the 45135.66 point, there is a possibility of a decline near the maximum 21475.02 point, so the current movement should be carefully monitored.

In the CCI-RC indicator, it is true that the CCI line is located near the -100 point and crosses the EMA line, creating pressure for a downtrend.

However, if you find support in the support zone (37253.81-38150.02) with this movement, it is more likely to lead to an uptrend rather than a downtrend.

So, you need to check whether the price is touching above or below the support or resistance zone.

This is because if you touch from above, it is more likely to rise, and if you touch from below, it is more likely to decrease.

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(XBTUSD 1M Chart) - Big Trend
снимок
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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Заметка
(BTCUSDT 1h chart)
снимок

(BTCUSDTPERP 1h Chart)
снимок
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDBTCUSDTTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceWave AnalysisXBTUSD

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