You need to make sure you get support in the 48199.13-50736.52 section.
If it falls in the 48199.13-50736.52 section, a short Stop Loss is required. However, it is necessary to trade carefully as it is supported and can move sideways in the 44807.59-47153.69 section.
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.
1. We need to see if the OBV on the volume indicator turns green and can rise.
2. On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and turns into a short-term uptrend.
3. We must see if the CCI line can rise above the EMA line at the CCI-RC Zippo. In particular, you need to touch the uptrend line and see if you can go up.
Looking at the flow of section A (January 11-February 2), it showed a sideways movement near MS-Signal and then increased. At this time, you can see that it was supported in the section 30437.40-33949.53.
The current flow chart of Section B must follow the flow of Section A to see if it can gain support and ascend at 44807.59-48199.13. However, if you fall in this section, you can touch the 38150.02-40586.96 section, so you need to trade carefully.
The flow of section A showed movement over a period of about 20 days. We must see if the flow of section B will also show the flow of affection over the period of section A. Accordingly, it is expected that there will be a movement between March 8th and 15th.
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(OKEX BTCUSDT 1D chart) Make sure you are supported in the 48503.1-51063.4 section.
If it falls between 48503.1-51063.4, a short stop loss is required.
If it falls from the 40822.2 point, you can touch the 30581.0-33141.3 section, so you need a Stop Loss to preserve profit or loss.
(Coinbase BTCUSD 1D chart) You need to make sure you are supported on the 48259.66-50798.82 section.
If it falls in the 48259.66-50798.82 section, a short stop loss is required. However, it is necessary to trade carefully as it is supported and can move sideways in the 44850.0-47232.45 section.
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 should watch for any movement that deviates from 58.89-63.38. In particular, you need to see if you can drop below the 61.20 point.
We'll see if we can get resistance at MS-Signal and drop below the 62.12 point.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
USDT dominance is showing a gradual rise. Accordingly, BTC dominance may also rise slowly, so careful trading is necessary.
(USDT Dominance 1D Chart) If it rises above the downtrend line (2) or the 2.406 point, most coins are expected to fall, so careful trading is required.
If it rises above the 2.406 point, it is expected to touch the M-Signal line or the 2.842 point of the 1W chart.
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
** 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 the sake of 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. Therefore, 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 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: Cigar at the time of opening (Example) Gap (G1-G2)
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