Bitcoin (BTC) - February 10 (USDT Dominance Check)

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The volatility around February 10 should be watched to see if there is any movement that deviates from the 44520.98-47784.37 (up to 41257.59-47784.37) range.

In particular, it remains to be seen if it can rise along the uptrend line (7).

If it falls, you need to make sure you get support in the 40169.80-41257.59 range.

On the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can indicate an upward trend.


If you decline at 33949.53, you need a short stop loss.
However, there is a lot of difference from the current price location, so you need to think about how to respond to the point of 33949.53.

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


If it gets support at 44520.98, it is expected to rise to the 47784.37-48872.16 section and re-determine the flow of BTC.

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(OKEX BTCUSDT 1D chart)
snapshot
You should watch for any movement that deviates from the 44109.2-47341.2 section.
In particular, it remains to be seen if it can rise along the uptrend line (6).

If it falls, you need to make sure you get support at 39799.9-40877.3.

If you decline at 34559.3, you need a short stop loss.
However, it shows a lot of difference from the current price position, so you need to think about how to respond to the point of 34559.3.

If it falls in the 28165.8-29309.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.


If it is supported at 44109.2, it is expected to rise to the 47341.2-48418.5 section and re-determine the flow of BTC.

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(Coinbase BTCUSD 1D chart)
snapshot
You should watch for any movement that deviates from the 44617.82-47890.40 segment.
In particular, it remains to be seen if it can rise along the uptrend line (6).

If it falls, you need to make sure you get support in the 40254.38-41345.24 range.

If it falls from 34030.64, a short stop loss is required.
However, there is a lot of difference from the current price location, so you need to think about how to respond to the point 34030.64.

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 gets support at 44617.82, it is expected to rise to the 47890.40-48981.26 section and re-determine the flow of BTC.

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(BTC Dominance 1D Chart)
snapshot
We'll see if we can get resistance at the M-Signal line on the 1W chart and drop below the 63.38 point.
In particular, it remains to be seen if it can decline along the downtrend line (5).

We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.

If BTC dominance and USDT dominance rise together, the coin market could turn into a downtrend, so careful trading is necessary.

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(USDT Dominance 1D Chart)
snapshot
We'll find resistance at the uptrend line (1) and see if we can move below the 2.187 point.

If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.

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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 traditional 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)
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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