We must see if we can ascend above the 58968.31 point. If it falls, you need to make sure you get support in the 54087.67-55811.30 range.
You should watch for any movement that deviates from the uptrend line (8)-(7). In particular, you should watch for any movement deviating from the 558811.30-60886.07 segment.
1. We need to see if the center line rises as the green of OBV in the volume indicator increases.
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. In the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines turn upward.
In the interval 60886.07-63423.46, BTC is expected to reorientate.
If you fall from 54087.67--55811.30, you can touch the 48199.13-50736.52 section, so you need a short Stop Loss. However, it may rise along the uptrend line (8), so careful trading is necessary.
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.
The next volatility period is around March 24-31. Accordingly, until around March 24th, it could move sideways between 54087.67-60886.07. If the sideways move continues, we need to see if there is an increase in trading volume. You should check if the trading volume of at least February 23 or more and the volume of January 29 has occurred and can increase.
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(OKEX BTCUSDT 1D chart) We have to see if we can ascend from the 58902.8 point. If it falls, we need to make sure we get support at 56184.0.
If it falls from the 56184.0 point, a short Stop Loss is required. However, you can touch the 53231.9 point and go up, so you need to trade carefully.
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) We have to see if we can ascend above the 58972.70 point. If it falls, we need to make sure we get support from 54142.13-55877.16.
If you fall in the 54142.13-55877.16 section, you can touch the 50798.82 point, so you need a short Stop Loss. However, you need to trade carefully as it may rise above the uptrend line (7).
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 need to make sure you get resistance at point 63.38. I think the bull market for altcoins is when BTC dominance is below 63.38 points. Therefore, it is always a good idea to check if you are climbing above the 63.38 point.
(USDT Dominance 1D Chart) It remains to be seen if volatility around March 15th-18th could drop below the 1.952 point. In particular, it remains to be seen if it can fall below the downtrend line (2).
If you are below the uptrend line (1), you are still in a downtrend. The decline in USDT dominance is likely to lead to an upward trend in the coin market.
** All indicators are lagging indicators. So, it's important to know 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 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)
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