We have to see if we can ascend to the 48199.13-50736.52 section.
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.
Altcoins' pumping continues. Short-term trading of altcoins continues while the BTC price movement is slowly falling.
If you do not stop loss when the price falls due to a bad transaction, it can lead to large losses, so careful trading is required.
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 upward trend.
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.
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 ascend to the 48503.1-51063.4 segment.
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 need to see if we can ascend to the 48259.66-50798.82 section.
We need to see if we can get support and move sideways on the 44850.0-47232.45 segment.
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 58.89-63.38. In particular, you need to see if you can drop below the 61.20 point.
We'll see if we can get resistance at MS-Signal and drop below the 62.12 point.
We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.
If the BTC dominance rises above 63.38 points, the altcoin price is expected to turn downward.
Although USDT dominance is rising, BTC dominance is moving sideways below 63.38 points.
Accordingly, I think a short-term trading market has been formed. Most of the coins are priced at the peak, so careful trading is required.
(USDT Dominance 1D Chart) USDT dominance is rising sharply. Accordingly, there is a short-term uptrend.
Touch the M-Signal line or 2.842 point on the 1W chart and see if it can go down. In particular, it remains to be seen if it can fall below the downtrend line (2).
I think the rise in USDT dominance means that money is being pulled out of the coin market.
** 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 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: Market price at the time of opening (Example) Gap (G1-G2)
Nota
(USDT Dominance 1D Chart) USDT dominance is higher than the 2.406 point. Accordingly, it is rising above the downtrend line (2).
We need to see if we get resistance at 2.842, the last point to stop the uptrend and the M-Signal line on the 1W chart. Accordingly, the next volatility period is around March 4th.
If the USDT dominance rises, it means that funds are being drained from the coin market. So, it means you are selling coins.
(BTC Dominance 1D Chart) Unlike USDT Dominance, it is moving sideways in the 61.20-63.38 section. Accordingly, I believe that the same-day trading market for altcoins has been formed. It is possible that this is a market formed in order for the factions to hand over their stock to individual investors, so it is necessary to establish a stop loss point and proceed with the transaction.
Currently, most coins are located at a significant peak, so if they are forcibly held at this point (due to a drop in price), they have to be held for a tremendous long period of time.
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