Bitcoin (BTC)-February 15 (USDT Dominance Check)
Hello?
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.
-------------------------------------------------- -----
You need to make sure you get support in the 48199.13-50736.52 section.
If it falls, you should touch the 44807.59 point and see if you can move up along the uptrend line (7).
If you are supported in the 48199.13-50736.52 section, the 44807.59 point is the short-term stop loss point.
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.
It remains to be seen if the width of the OBV's buyout (green) can increase to maintain its current price.
The RS line of the wRSI_SR indicator is falling below 50.
So, you need to see where you are getting support and resistance.
On the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can indicate an upward trend.
If you break above 50736.25, you'll have to see if you can ascend towards 55811.30.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
Make sure you are supported in the 48503.1-51063.4 section.
If it falls, we need to see if it can rise along the uptrend line (6).
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)
You need to make sure you get support in the 48259.66-50798.82 section.
If it falls, you should touch the 44850.0 point and see if you can move up along the uptrend line (6).
If you are supported in the 48259.66-50798.82 section, the point 44850.0 is the short-term stop loss point.
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)
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.
--------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 1.952-2.349.
In particular, we have to watch to see if it is below the uptrend line (1).
We'll see if it rises to 2.187-2.541 between February 14-18.
If it goes up, you need to make sure you get resistance at the downtrend line (2).
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn into a downward trend.
-------------------------------------------------- -------------------------------------------
** 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 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: 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.
-------------------------------------------------- -----
You need to make sure you get support in the 48199.13-50736.52 section.
If it falls, you should touch the 44807.59 point and see if you can move up along the uptrend line (7).
If you are supported in the 48199.13-50736.52 section, the 44807.59 point is the short-term stop loss point.
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.
It remains to be seen if the width of the OBV's buyout (green) can increase to maintain its current price.
The RS line of the wRSI_SR indicator is falling below 50.
So, you need to see where you are getting support and resistance.
On the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can indicate an upward trend.
If you break above 50736.25, you'll have to see if you can ascend towards 55811.30.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
If it falls, we need to see if it can rise along the uptrend line (6).
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)
If it falls, you should touch the 44850.0 point and see if you can move up along the uptrend line (6).
If you are supported in the 48259.66-50798.82 section, the point 44850.0 is the short-term stop loss point.
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)
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.
--------------------------------------------------
(USDT Dominance 1D Chart)
In particular, we have to watch to see if it is below the uptrend line (1).
We'll see if it rises to 2.187-2.541 between February 14-18.
If it goes up, you need to make sure you get resistance at the downtrend line (2).
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn into a downward trend.
-------------------------------------------------- -------------------------------------------
** 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 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: 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/
