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Looking at the On-By-Volume (OBV) indicator on the 1D chart, we can see that the High Line has fallen, forming a converging Low Line ~ High Line channel.
Therefore, volatility is expected to occur soon.
The expected volatility period is around March 9th (March 8th - 10th).
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However,
If BTC dominance and USDT dominance show a simultaneous decline,
Volatility is likely to occur after ETHUSDT's volatility period, which is around March 2nd (March 1st - 3rd).
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What we need to check is whether support can be found around the left Fibonacci level of 0.618 (65760.59) and an upward trend can occur.
To do this, we need to see if the BSSC indicator rises above the 0 level and remains above it.
If not, it could decline again to around 65058.15, the DOM (-60) indicator point created recently.
At this point, the key question is whether there is support at 65058.15.
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For support and resistance points to be established and function properly, support must be confirmed for at least 1 to 3 days.
I've included some useful indicators to help confirm support.
If all of these indicators are trending upward, such as the StochRSI, BSSC, and OBV indicators, the price is likely trending upward.
However, the current indicators do not yet indicate an upward trend, so caution is advised when trading.
Since the OBV indicator's Low Line and High Line channels are converging, it's crucial to determine whether buying pressure will enter and push the price above the High Line.
If the BSSC indicator rises above 0 and remains above this level, it's expected to create a more favorable situation.
The BSSC indicator is a comprehensive evaluation of the AD Line, MFI, and Williams %R indicators.
This indicator interprets a rise above the zero point as a buying trend, while a decline indicates a selling trend.
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Currently, the HA-Low indicator is at 68477.26, so the DOM(-60) ~ HA-Low range is 64058.15 ~ 68477.26.
Therefore, if support is found in this range, it's a buying opportunity.
The M-Signal indicator on the 1D chart is currently falling near the 68477.26 level. When assessing support in the 64058.15 ~ 68477.26 range, we should examine whether the price rises above the M-Signal indicator on the 1D chart and sustains the price.
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The last time to buy BTC is when the price rises above the M-Signal indicator on the 1M chart and holds.
If the price fails to rise above the M-Signal indicator on the 1M chart, it will eventually fall again.
Therefore, the current trading strategy should be day trading.
The first time to buy is when support is found in the 64058.15 to 68477.26 range. However, since the key range is formed in the 69000 to 73499.86 range, the best time to buy for short-term trading will be in the 69000 to 73499.86 range.
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As mentioned in the previous idea, the potential for an uptrend to begin appears to be at least from July. Until then, we need to focus on increasing the number of coins (tokens) that can be used for profit.
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Thank you for reading to the end. Wishing you successful trading.
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[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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YouTube: youtube.com/@readcrypto9837
※ Follow X to check out the posts.
※ X를 팔로우하고 게시물을 확인하세요.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
※ Follow X to check out the posts.
※ X를 팔로우하고 게시물을 확인하세요.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.