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Bitcoin (BTC), Ethereum (ETH) - February 26

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BITMEX:XBTUSD.P   Bitcoin
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** bottom section formation period


(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
(27650.0-33101.0 section: strong support section)

The 42084.0-47010.0 section is a support section for creating a new wave.


In the wRSI_SR index, sections A and B show similar movements.

However, the movement on the price chart is taking a different picture.

Therefore, it is important to find support in the 35028.0-37265.0 section.



(XBTUSD 1D Chart)
Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5


We need to see support above the 38225.0 point and see if we can move above the 40163.5 point.

In particular, we need to see if we can break out of the downtrend line (3).


60 SMA passes by section 40163.5-42084.0.

Therefore, if it rises above the 40163.5 point and finds support, it is expected to break out of the bottom section.

However, in order to revert to the uptrend line, it must rise near the 45211.0 point.


The period of great volatility is around March 9th.

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(ETHUSDT 1W Chart)
Above 1728.74 point: Expected to create a new wave.

In order to turn into an uptrend, it should move upwards near the 3343.06 point.


(1D chart)
First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23


You should check for movement outside the 2558.23-2910.0 section.

In particular, it is important to find support by moving above the 60 SMA near the 2910.0 point.

This is because if you hold the price above 60 SMA, you are expected to break out of the bottom zone.

However, in order to turn into an uptrend, it must break out of the downtrend line.


Due to the volatility around February 26, it is necessary to check whether the CCI line can rise above the -100 point and above the EMA line in the CCI-RC indicator.

Careful trading is necessary as this volatility is likely to result in a move outside the 2285.94-3375.08 range.


The next volatility period is around March 10th.

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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 downtrend 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 will move accordingly as price and volume move.
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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Komentarz:
(1h chart)
Komentarz:
(BTCUSDT 1h chart)
It needs to move above the 40100 point to turn into a short-term uptrend.

The first support task to continue the uptrend on the 1h chart is expected soon.

Accordingly, it is expected to test the support in the 38150.02-38562.39 section.

If it finds support, I would expect it to lead to a move to move higher above the 43715.45 point.


If it declines from the 37253.81 point, it is expected to move towards the 32259.90 point.
Komentarz:
(BTCUSD 1D Chart)
If it finds support near the M-Signal line of the 1M chart, I think it could indicate an unimaginable uptrend after July 2022.

I have marked the important points.

I think the current flow is making a move to form a bottom section.
Komentarz:
(USDT Dominance (USDT.D) 1D Chart)
There is always a chance to renew ATH by moving above the 4.97 point.

However, looking at the flow of the chart, you can see that it is more likely to decline.

A decline in USDT dominance means a bull market in the coin market.

[Example of exchange chart setup]

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

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