Bitcoin (BTC), Ethereum (ETH) – February 20 for BITMEX:XBTUSD by readCrypto

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( 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.

The 60SMA line and the MS-Signal indicator pass near the 45211.0-47010.0 section.

Therefore, it is expected to turn into a complete uptrend only when it rises above the 45211.0-47010.0 section.

( XBTUSD 1D Chart)

Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5

You should see if it rises above the 42084.0 point with a sharp move.

If the price declines from the 40163.5 point, it could fall near the 37265.0 point, so you need to trade cautiously.

At this time, what is important is the change in trading volume in the spot market.

You should see if the green width of the OBV in the volume indicator is increasing.

On the CCI-RC indicator, you need to check whether the CCI line can rise above the -100 point and above the EMA line.

The period of great volatility is around March 9th.


( ETHUSDT 1W Chart)

Above 1728.74 point: Expected to create a new wave.

It must rise above the 3343.06 point to turn into an uptrend.

On the CCI-RC indicator, you need to check whether the CCI line rises above the +100 point and above the EMA line.

(1D chart)

First resistance section: around 3375.08
Second resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23

It is declining at the 2910.0 point.

We need to see if we can move above the 2910.0 point with volatility around February 26th.

If this continues, we should check to see if support is found at the 2285.94-2558.23 zone.

In the CCI-RC indicator, it is important to check whether the CCI line is above the -100 point and above the EMA line.

The next volatility period is around March 10th.


( 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.


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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