Bitcoin (BTC) - February 14 (USDT Dominance Check)
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We have to see if we can climb above 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 fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a short Stop Loss.
If it is supported above 46374.87, it is expected to rise above 48199.13 in the near future.
Conversely, if it falls from 46374.87, there may be further declines, so careful trading is necessary.
Trading volume is decreasing.
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 the CCI line intersects the EM line, volatility can occur.
(1h chart)
(UTC)
It touches the uptrend line (7) and is moving along the uptrend line (7).
You should see the movement around the time of February 15 as shown in the chart.
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(OKEX BTCUSDT 1D chart)
We must see if we can ascend to the 48503.1-51063.4 segment.
If it falls, we need to see if it can rise along the uptrend line (6).
If you go down at 40822.2, you can touch the 30581.0-33141.3 section, so you need a short Stop Loss.
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(Coinbase BTCUSD 1D chart)
We must see if we can ascend to 48259.66-50798.82.
If it falls, you should touch the 44850.0 point and see if you can move up along the uptrend line (6).
If you fall from the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a short Stop Loss.
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(BTC Dominance 1D Chart)
You need to see if you get resistance at the uptrend line (1).
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
It remains to be seen if it can decline along the downtrend line (5) between February 14-26.
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(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).
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
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).
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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: 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 climb above 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 fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a short Stop Loss.
If it is supported above 46374.87, it is expected to rise above 48199.13 in the near future.
Conversely, if it falls from 46374.87, there may be further declines, so careful trading is necessary.
Trading volume is decreasing.
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 the CCI line intersects the EM line, volatility can occur.
(1h chart)
(UTC)
You should see the movement around the time of February 15 as shown in the chart.
----------------------------------------------
(OKEX BTCUSDT 1D chart)
If it falls, we need to see if it can rise along the uptrend line (6).
If you go down at 40822.2, you can touch the 30581.0-33141.3 section, so you need a short Stop Loss.
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(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 fall from the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a short Stop Loss.
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(BTC Dominance 1D Chart)
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
It remains to be seen if it can decline along the downtrend line (5) between February 14-26.
--------------------------------------------------
(USDT Dominance 1D Chart)
In particular, we have to watch to see if it is below the uptrend line (1).
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.
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).
-------------------------------------------------- -------------------------------------------
** 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: 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/
In particular, you need to make sure you can maintain your dominance below the uptrend line (1).
(USDT Dominance 1D Chart)
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If the USDT dominance can remain below the uptrend line (1), I think the coin market can maintain an uptrend.
As BTC dominance rises, altcoins' prices are either sideways or falling.
(Based on XBTUSD chart)
(UTC)
I think there is a possibility of touching the 37784.5-39948.0 interval or the 52825.0-54962.5 interval with volatility.
There is a possibility that it will move sideways in the 44815.5-48214.0 section, so watch the flow.