Bitcoin (BTC) - February 7
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We have to see if we can get support by climbing to the 40169.80-41257.59 range.
If it falls, we need to make sure it is supported at 38150.02.
If it falls at 33949.53, a short stop loss is required.
If it falls in the 27079.41-29300.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
It remains to be seen whether the CCI line can break above the EMA line on the CCI-RC indicator.
If it gets support from 40169.80-41257.59, it is expected to re-determine the flow of BTC.
We have to see if we can get support at 40169.80-41257.59 between around 10th and 15th February.
Since the 38152.02-44520.98 section has a high probability of falling after completing the'M' pattern, I think it is better to increase with a large amount of trading.
So, we have to watch the OBV rise as the green width increases.
If it rises after breaking above 44520.98, it is expected to re-determine the flow of BTC at 47784.37-48872.16.
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(OKEX BTCUSDT 1D chart)
You need to make sure you are supported in the 39799.9-40877.3 section.
If it falls, we need to make sure we get support at 37645.3.
If you decline at 34559.3, you need a short stop loss.
If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
If it gets support in the 39799.9-40877.3 section, it is expected to re-determine the flow of BTC.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support by ascending to the 40254.38-41345.24 segment.
If it falls, we need to make sure it is supported at 38072.66.
If it falls from 34030.64, a short stop loss is required.
If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.
If it rises to 40254.38-41345.24 and gains support, it is expected to re-determine the flow of BTC.
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(BTC Dominance 1D Chart)
It remains to be seen if the volatility around February 7th (February 6--8) causes any movement that deviates from 61.20-67.44.
BTC dominance rose as the price of BTC rose.
I think this means that the funds are being concentrated in BTC.
Accordingly, it is highly likely that altcoins' prices will move sideways or fall.
If the BTC dominance falls when the BTC price reaches a certain section or point and moves sideways, the price of altcoins is expected to rise.
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(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
The upward trend line (1) has been touched since February 14, 2020.
This time we need to see if it can fall below the uptrend line (1).
If it fails to fall below the uptrend line (1) this time, I think there is a high possibility that it will turn into a downtrend as it is.
Therefore, I think it is more important to choose when to recover the principal investment and to select a selling point to realize profits rather than a new investment.
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** 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 conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can get support by climbing to the 40169.80-41257.59 range.
If it falls, we need to make sure it is supported at 38150.02.
If it falls at 33949.53, a short stop loss is required.
If it falls in the 27079.41-29300.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
It remains to be seen whether the CCI line can break above the EMA line on the CCI-RC indicator.
If it gets support from 40169.80-41257.59, it is expected to re-determine the flow of BTC.
We have to see if we can get support at 40169.80-41257.59 between around 10th and 15th February.
Since the 38152.02-44520.98 section has a high probability of falling after completing the'M' pattern, I think it is better to increase with a large amount of trading.
So, we have to watch the OBV rise as the green width increases.
If it rises after breaking above 44520.98, it is expected to re-determine the flow of BTC at 47784.37-48872.16.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
You need to make sure you are supported in the 39799.9-40877.3 section.
If it falls, we need to make sure we get support at 37645.3.
If you decline at 34559.3, you need a short stop loss.
If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
If it gets support in the 39799.9-40877.3 section, it is expected to re-determine the flow of BTC.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
We have to see if we can get support by ascending to the 40254.38-41345.24 segment.
If it falls, we need to make sure it is supported at 38072.66.
If it falls from 34030.64, a short stop loss is required.
If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.
If it rises to 40254.38-41345.24 and gains support, it is expected to re-determine the flow of BTC.
-----------------------------------------------
(BTC Dominance 1D Chart)
It remains to be seen if the volatility around February 7th (February 6--8) causes any movement that deviates from 61.20-67.44.
BTC dominance rose as the price of BTC rose.
I think this means that the funds are being concentrated in BTC.
Accordingly, it is highly likely that altcoins' prices will move sideways or fall.
If the BTC dominance falls when the BTC price reaches a certain section or point and moves sideways, the price of altcoins is expected to rise.
--------------------------------------------------
(USDT Dominance 1D Chart)
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
The upward trend line (1) has been touched since February 14, 2020.
This time we need to see if it can fall below the uptrend line (1).
If it fails to fall below the uptrend line (1) this time, I think there is a high possibility that it will turn into a downtrend as it is.
Therefore, I think it is more important to choose when to recover the principal investment and to select a selling point to realize profits rather than a new investment.
-------------------------------------------------- -------------------------------------------
** 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 conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
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