Bitcoin (BTC) - February 19 (USDT Dominance Check)
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We have to see if we can get support at 50736.52 and rise above 55811.30.
If it falls, you need to make sure you get support at 48199.13-50736.52.
If you fall from 44807.59, you need a short stop loss.
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 must see if the width of the OBV's buyout (green) can increase in order to maintain its current price.
In the 2.wRSI_SR indicator, we must see if the RS line can rise above 80.
3. On the CCI-RC indicator, we must see if the CCI and EMA lines can indicate the upward trend.
The next volatility period is around February 24th.
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(OKEX BTCUSDT 1D chart)
We have to see if we can get support at 51063.4 and rise above 56184.0.
If it falls, we need to make sure we get support at 48503.1-51063.4.
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)
This is the volatility period around February 18 (February 17-19).
So, we have to see if we can get support at 50798.82 and rise above 55877.16.
If it falls, you'll need to touch the 44850.0 point and see if you can move up along the uptrend line (6).
A short-term Stop Loss is required if it falls at 44850.0.
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 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 any movement that deviates from 1.952-2.349.
In particular, it remains to be seen if it could fall below the previous low of 2.088.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
If the USDT dominance goes up, you need to make sure it is resisting at the downtrend line (2).
If the USDT 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 know 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 at 50736.52 and rise above 55811.30.
If it falls, you need to make sure you get support at 48199.13-50736.52.
If you fall from 44807.59, you need a short stop loss.
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 must see if the width of the OBV's buyout (green) can increase in order to maintain its current price.
In the 2.wRSI_SR indicator, we must see if the RS line can rise above 80.
3. On the CCI-RC indicator, we must see if the CCI and EMA lines can indicate the upward trend.
The next volatility period is around February 24th.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
If it falls, we need to make sure we get support at 48503.1-51063.4.
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)
So, we have to see if we can get support at 50798.82 and rise above 55877.16.
If it falls, you'll need to touch the 44850.0 point and see if you can move up along the uptrend line (6).
A short-term Stop Loss is required if it falls at 44850.0.
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 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)
In particular, it remains to be seen if it could fall below the previous low of 2.088.
If it goes up, we have to see if it gets resistance at the uptrend line (1).
If the USDT dominance goes up, you need to make sure it is resisting at the downtrend line (2).
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 know 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/
