Bitcoin (BTC)-January 28 (volatility period around January 28)
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It remains to be seen if you can climb along the uptrend line (6) and break off the short-term downtrend line (10).
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.
It remains to be seen if the width of the buy (green) can increase as the OBV on the volume indicator turns upward.
On the wRSI-SR indicator, we must see if the RS line can rise by 50 or more.
On the CCI-RC indicator, we need to see if the CCI line can touch 100 and rise.
The volatility period is around January 28th-around February 2nd.
As a result, considerable volatility may occur, so you should check and set the support and resistance points of your coins and watch the situation.
(1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
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(OKEX BTCUSDT 1D chart)
The volatility around January 29th (January 28th-30th) will have to see if there is any movement that deviates from the 29309.0-31181.4 zone.
In particular, it remains to be seen if you can climb along the uptrend line (5) and break off the downtrend line (9).
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.
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(Coinbase BTCUSD 1D chart)
You should see if you can climb along the uptrend line (5) and break off the downtrend line (9).
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.
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(BTC Dominance 1D Chart)
It remains to be seen if the volatility between around January 28th and around February 7th leads to a movement that deviates from the 63.38-65.89 range.
In particular, it remains to be seen if it can decline along the downtrend line (3).
However, as the BTC price rises, the BTC dominance may temporarily rise.
I think this is a phenomenon where funds are concentrated on buying BTC.
However, since we believe that the rise and fall of BTC dominance is related to the rise and fall of altcoins, it is supposed to affect the price of altcoins.
In order to rise higher, I think there must be an increase in the BTC price first and then an altcoin.
Now again, we have to see if the BTC price could rise.
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(USDT Dominance 1D Chart)
Section B is forming second after section A.
We need to see if we can get resistance and move downward at the downtrend line (2) or at 2.842.
So, we need to see if we can touch the 2.842 point and the downtrend line (2) with volatility around January 29 (January 28-30) and fall.
You should also touch the M-Signal line on the 1W chart and watch it fall.
I think the rise and fall of USDT dominance is related to the trend of the coin market as a whole.
Accordingly, in order to keep the coin market uptrend, USDT dominance must be on the decline.
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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: closing price when closed
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.
-------------------------------------------------- -----
It remains to be seen if you can climb along the uptrend line (6) and break off the short-term downtrend line (10).
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.
It remains to be seen if the width of the buy (green) can increase as the OBV on the volume indicator turns upward.
On the wRSI-SR indicator, we must see if the RS line can rise by 50 or more.
On the CCI-RC indicator, we need to see if the CCI line can touch 100 and rise.
The volatility period is around January 28th-around February 2nd.
As a result, considerable volatility may occur, so you should check and set the support and resistance points of your coins and watch the situation.
(1h chart)
(UTC)
------------------------------------------------
(OKEX BTCUSDT 1D chart)
In particular, it remains to be seen if you can climb along the uptrend line (5) and break off the downtrend line (9).
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.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
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.
-------------------------------------------------
(BTC Dominance 1D Chart)
In particular, it remains to be seen if it can decline along the downtrend line (3).
However, as the BTC price rises, the BTC dominance may temporarily rise.
I think this is a phenomenon where funds are concentrated on buying BTC.
However, since we believe that the rise and fall of BTC dominance is related to the rise and fall of altcoins, it is supposed to affect the price of altcoins.
In order to rise higher, I think there must be an increase in the BTC price first and then an altcoin.
Now again, we have to see if the BTC price could rise.
--------------------------------------------------
(USDT Dominance 1D Chart)
We need to see if we can get resistance and move downward at the downtrend line (2) or at 2.842.
So, we need to see if we can touch the 2.842 point and the downtrend line (2) with volatility around January 29 (January 28-30) and fall.
You should also touch the M-Signal line on the 1W chart and watch it fall.
I think the rise and fall of USDT dominance is related to the trend of the coin market as a whole.
Accordingly, in order to keep the coin market uptrend, USDT dominance must be on the decline.
-------------------------------------------------- -------------------------------------------
** 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: closing price when closed
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/
(UTC)
It is on the rise with support in section A.
It remains to be seen if it can rise above the 33062.5 point, breaking above the downtrend line (2) and the M-Signal line on the 1D chart.
If it falls, you should touch the uptrend line (1) and see if it rises along the uptrend line (1).
Check the movement before and after the date and time shown on the chart.
I think that altcoins rise only when BTC dominance falls, and I always say that.
However, I have indicated on the chart that BTC dominance should rise.
This is because I believe that the coin market can continue an additional bull market only if funds are concentrated in BTC to some extent and a surge must come out.
USDT dominance must be on the decline in order for the coin market's upward trend or bull market to continue.