Bitcoin (BTC) - February 6

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We have to see if we can rise above the 38150.02 point and gain support.

If it falls, you need to make sure you get support from 34730.82-35818.61.

If you decline at 33949.53, you need a short stop loss.

If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.


On the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line.

It appears to be completely off the downtrend line (9).

If you get support above 38150.02 and climb to the 40169.80-41257.59 segment, we expect to decide the next direction.
Accordingly, it is important to get support above the 38152.02 point.

It remains to be seen if it can rise to the 40169.80-41257.59 section between February 10th and 15th.

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.

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(OKEX BTCUSDT 1D chart)
snapshot
You need to make sure you are supported at point 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 is supported at 37645.3, it is expected to reorient itself up to 39799.9-40877.3.

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(Coinbase BTCUSD 1D chart)
snapshot
We must see if we can ascend above the 38072.64 point.
If it falls, you need to make sure you get support in the 34800.08-35890.94 range.

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 supported at 38072.66, it is expected to reorient, ascend to 40254.38-41345.24.

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(BTC Dominance 1D Chart)
snapshot
It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range.
We will see if we can get resistance at 61.20 and move below the uptrend line (1).

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(USDT Dominance 1D Chart)
snapshot
Between February 3 and 16, we have to watch for movements that deviate from 2.187-2.842.
In particular, it remains to be seen if it can fall below the uptrend line (1).

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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 to the DepthHouse Trading indicator, an indicator published by oh92. (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)
Uwaga
(BTC Dominance (BTC.D) 1D Chart)
BTC Dominance


(USDT Dominus (USDT.D) 1D chart)
USDT Dominance (USDT.D)


BTC dominance is on the rise as BTC price rises.
Accordingly, altcoins may fall or sideways.
Watch the flow of the market by watching the BTC Dominance Chart and the USDT Dominance Chart together.
Uwaga
(Binance BTCUSDT 1D chart)
snapshot
We need to see if we can get support in the direction-determining segment 40169.80-41257.59.

(XBTUSD 1D chart)
snapshot
We have to see if we can get support in the direction-determining section, 40340.0-41433.5.

(USDT Dominance 1D Chart)
snapshot
I think the important thing in deciding the direction is to watch the flow of money.
Accordingly, we must see if there is any movement that deviates from the 2.187-2.541 range of USDT dominance.
If the USDT dominance falls, I think the money is buying coins in the coin market.

If you climb above the downtrend line (2) and hit the 2.842 point, you may have a sharp decline, so you need to trade carefully.

(BTC Dominance 1D Chart)
snapshot
The volatility around February 7th (around February 6th-8th) will have to see if there is any movement that deviates from 61.20-63.38.
I think the rise in BTC dominance means a fall in altcoins' prices.
I think that as the current BTC price rises, the BTC dominance rises, showing that funds are being concentrated towards BTC.
Accordingly, altcoins' prices may move sideways or fall.

If BTC price rises and starts to sideways at a certain point, altcoins' price is expected to rise.
Accordingly, if you are investing in altcoins, I think it is a good idea to check if BTC dominance is falling.

If BTC dominance touches 63.38 point and falls, altcoin price is expected to surge.
You can touch up to 67.44 points.
If it touches the 67.44 point, USDT dominance must be falling for a bull market.
If the USDt dominance rises, it means that the money will exit the coin market, so I think the coin market could turn into a downtrend.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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