Bitcoin (BTC) - March 11 (end of volatility period)
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We need to see if we can get support at 55811.30 and move up along the uptrend line (7).
If it goes down, we need to make sure we get support at 54087.62.
If it falls in the 48199.13-50736.52 section, a short Stop Loss is required.
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 center line on the volume indicator can rise as the green increases.
2. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend.
We must see if the SR line can also rise above 80.
3. On the CCI-RC indicator, it remains to be seen whether the CCI line can rise and break above the EMA line.
If it crosses, it is expected that volatility will occur, so careful trading is necessary.
Due to the volatility between March 8 (March 7-9)-15 (March 14-16), a movement deviated from the 40586.96-55811.30 range.
Accordingly, the period of volatility is effectively ended.
It remains to be seen if trading volumes can continue to increase in order to maintain the current uptrend.
I think this trend is highly likely to progress until an attempt is made to break through 58945.39, which is an important breakthrough point.
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(OKEX BTCUSDT 1D chart)
We have to see if we can get support and climb at the 56184.0 point.
If it falls, we need to make sure we get support at 53231.9.
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.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support and climb at 55877.16.
If it falls, we need to make sure it is supported at 54142.13.
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
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)
We have to see if we can get resistance at 62.12.
If it rises, you need to make sure you get resistance at 63.38.
I think the bull market for altcoins is when BTC dominance is below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 2.187 point and the downtrend line (2).
The next volatility period is around March 15-18.
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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 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.
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 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)
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 need to see if we can get support at 55811.30 and move up along the uptrend line (7).
If it goes down, we need to make sure we get support at 54087.62.
If it falls in the 48199.13-50736.52 section, a short Stop Loss is required.
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 center line on the volume indicator can rise as the green increases.
2. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend.
We must see if the SR line can also rise above 80.
3. On the CCI-RC indicator, it remains to be seen whether the CCI line can rise and break above the EMA line.
If it crosses, it is expected that volatility will occur, so careful trading is necessary.
Due to the volatility between March 8 (March 7-9)-15 (March 14-16), a movement deviated from the 40586.96-55811.30 range.
Accordingly, the period of volatility is effectively ended.
It remains to be seen if trading volumes can continue to increase in order to maintain the current uptrend.
I think this trend is highly likely to progress until an attempt is made to break through 58945.39, which is an important breakthrough point.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
If it falls, we need to make sure we get support at 53231.9.
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)
If it falls, we need to make sure it is supported at 54142.13.
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
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.
-----------------------------------------------
(BTC Dominance 1D Chart)
If it rises, you need to make sure you get resistance at 63.38.
I think the bull market for altcoins is when BTC dominance is below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
--------------------------------------------------
(USDT Dominance 1D Chart)
The next volatility period is around March 15-18.
-------------------------------------------------- -------------------------------------------
** 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.
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 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)
[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/
