We have to see if we can get support and climb in the 60886.07-63423.46 segment.
It is expected that BTC will re-orient in the 60886.07-63423.46 section, so I think it could move sideways up to around March 31st.
At this time, if the price is maintained above the 58948.39 point, it is expected to rise above the 63423.46 point.
As the green of the OBV in the volume indicator is increasing, you can see that the buying trend is increasing. However, since the center line of the OBV is not rising, I don't think the strength of the ascent is very strong.
If you go down from 55811.30, you can touch 50736.52, so you need to trade carefully.
If it falls in the 48199.13-50736.52 section, a short Stop Loss is required.
Accordingly, it is necessary to think about what kind of response will be made in the 50736.52-55811.30 interval.
If you fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a Stop Loss to preserve profit or loss.
If the RS line falls from 80 on the wRSI_SR indicator and turns to a short-term downtrend, we need to see where the BTC price is gaining support.
In the CCI-RC indicator, the CCI line exceeded the EMA line. It remains to be seen if the CCI line continues to rise, turning the EMA line into an uptrend.
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(OKEX BTCUSDT 1D chart) We need to see if we can get support and climb in the 61304.5-63864.8 range.
If it falls, we need to make sure we get support at 58902.8
If you fall from the 56184.0 point, you can touch the 51063.4 point, so you need to trade carefully.
If it falls between 48503.1-51063.4, a short Stop Loss is required.
If it falls at 40822.2, you can touch the 30581.0-33141.3 section, so you need a Stop Loss to preserve profit or loss.
(Coinbase BTCUSD 1D chart) We have to see if we can get support and climb in the 60955.50-63494.67 section. In particular, it remains to be seen if it can rise along the uptrend line 96).
If it goes down, you need to make sure you get support at 58919.8.
If you fall in the 54142.13-55877.16 section, you can touch the 50798.82 point, so you need to trade carefully.
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a Stop Loss to preserve profit or loss.
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(BTC Dominance 1D Chart) You need to make sure you get resistance at point 63.38. I think the bull market for altcoins is when BTC dominance is below 63.38 points. Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
(USDT Dominance 1D Chart) We must see if we can get resistance at the downtrend line (2) and move below the 1.952 point. The next volatility period is around March 15-18.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
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