Bitcoin (BTC) - February 24 (USDT Dominance Check)
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You need to make sure you get support in the 48199.13-50736.52 section.
If you fall from 48199.13-50736.52, you need a short stop loss.
However, you need to trade carefully as you can touch the uptrend line and go up.
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.
It remains to be seen if the volatility around February 24 (February 23-25) can rise along the uptrend line (7).
It remains to be seen if the new move moves up along the uptrend line (7).
MS-Signal is an indicator created to see the trend, and if it falls below MS-Signal, it is highly likely that it will turn into a downtrend.
Accordingly, I think it makes a lot of sense to get support at the 44807.59 point.
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 climb from 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 during section A.
Accordingly, it is expected that there will be no movement between March 8th and 15th.
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(OKEX BTCUSDT 1D chart)
You need to make sure you are supported on the 48503.1-51063.4 section.
If it falls between 48503.1-51063.4, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls from 40822.2, you can touch the 30581.0-33141.3 section, so you need a Stop Loss to preserve profit or loss.
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(Coinbase BTCUSD 1D chart)
You need to make sure you get support in the 48259.66-50798.82 section.
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so Stop Loss is required to preserve profit and loss.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can fall 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.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
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(USDT Dominance 1D Chart)
You should watch for movements that deviate from the uptrend line (1)-downtrend line (2).
If it rises above the downtrend line (2), most coins are expected to turn into a downtrend.
Accordingly, if you go above 2.406 points, you need to trade carefully.
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
The next volatility period is around March 4.
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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.
-------------------------------------------------- -----
You need to make sure you get support in the 48199.13-50736.52 section.
If you fall from 48199.13-50736.52, you need a short stop loss.
However, you need to trade carefully as you can touch the uptrend line and go up.
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.
It remains to be seen if the volatility around February 24 (February 23-25) can rise along the uptrend line (7).
It remains to be seen if the new move moves up along the uptrend line (7).
MS-Signal is an indicator created to see the trend, and if it falls below MS-Signal, it is highly likely that it will turn into a downtrend.
Accordingly, I think it makes a lot of sense to get support at the 44807.59 point.
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 climb from 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 during section A.
Accordingly, it is expected that there will be no movement between March 8th and 15th.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
If it falls between 48503.1-51063.4, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls from 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)
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so Stop Loss is required to preserve profit and loss.
-----------------------------------------------
(BTC Dominance 1D Chart)
In particular, we need to see if it can fall 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.
We have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
--------------------------------------------------
(USDT Dominance 1D Chart)
If it rises above the downtrend line (2), most coins are expected to turn into a downtrend.
Accordingly, if you go above 2.406 points, you need to trade carefully.
If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
The next volatility period is around March 4.
-------------------------------------------------- -------------------------------------------
** 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)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
