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Bitcoin (BTC) - March 2

BINANCE:BTCUSDT   Bitcoin / TetherUS
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We have to see if we can get support and climb in the 48199.13-50736.52 section.
In particular, it remains to be seen if it can rise along the uptrend line (7).

If it falls, we need to see if we can get support and move sideways between 44807.59-47153.69.

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 on the volume indicator turns green and can rise.

2. On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and turns into a short-term uptrend.

3. We must see if the CCI line can rise above the EMA line at the CCI-RC zippo.
In particular, you need to touch the uptrend line and see if it can go up.
If the CCI line falls below 100, volatility may occur, so careful trading is necessary.


Looking at the flow of section A (January 11-February 2), it showed a sideways movement near MS-Signal and then increased.
At this time, you can see that it was supported in the section 30437.40-33949.53.

The current flow chart of Section B must follow the flow of Section A to see if it can gain support and ascend at 44807.59-48199.13.
However, if you fall in this section, you can touch the 38150.02-40586.96 section, so you need to trade carefully.

The flow of section A showed movement over a period of about 20 days.
We must see if the flow of section B will also show the flow of affection over the period of section A.
Accordingly, it is expected that there will be a movement between March 8th and 15th.

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(OKEX BTCUSDT 1D chart)
We have to see if we can get support and climb in the 48503.1-51063.4 segment.

If it falls at 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)
We have to see if we can get support and ascend at 48259.66-50798.82.

If it falls, we need to see if we can get support and move sideways between 44850.0-47232.45.

If you go down at 44850.0, you can touch 40642.15, so you need a short Stop Loss.

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)
You should watch for any movement that deviates from 61.20 -62.12.
The next volatility period is around March 7.

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(USDT Dominance 1D Chart)
It remains to be seen if it can fall below the downtrend line (2).
The next volatility period is around March 4.

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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.
Therefore, 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 profit or loss 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 are not trading 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/
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