It remains to be seen if there are any attempts to break through the 58945.39 point. To do that, we need to see if the trading volume is increasing.
If it falls, you need to make sure you get support in the 54087.67-55811.30 range. In particular, it remains to be seen if it can rise along the uptrend line (7).
If it falls in the 48199.13-50736.52 section, a short Stop Loss is required.
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 center line on the volume indicator can rise as the green increases. Green is currently increasing. You need to see if the OBV centerline starts to rise.
2. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend. We have to see if the SR line can also rise above 80.
3. On the CCI-RC indicator, it remains to be seen whether the CCI line can rise and break above the EMA line. If it crosses, it is expected that volatility will occur, so careful trading is necessary.
We'll have to see if it gains support by rising above the 60886.07 point around March 15th (March 14-16). If it rises to the 60889.07-63423.46 section and gains support, BTC is expected to reorient itself.
If you break above the 63423.46 point and start the uptrend, we expect to hit the 71035.63 point or higher.
At this point, if you fall, you should get support near 58945.39 and move up quickly. If not, further declines are expected.
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(OKEX BTCUSDT 1D chart) We have to see if we can ascend above the 58902.8 point.
If it falls, we need to make sure we get support at 56184.0.
If it falls between 48503.1-51063.4, a short stop loss is required.
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) You'll have to see if you can climb above 58919.8. In particular, it remains to be seen if it can rise above the uptrend line (6) and climb along the uptrend line.
If it falls, you need to make sure you get support from 54142.13-55877.16.
If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
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. Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
As BTC rises, funds appear to be focusing towards BTC. You should check the support and resistance points of your altcoins. This is because you may decide whether to proceed with additional purchases or to liquidate and preserve profits.
(USDT Dominance 1D Chart) We'll see if we can get resistance at the 2.187 point and the downtrend line (2) and move below the 1.952 point. The next volatility period is around March 15-18.
(1W chart) The 1.654 point is just as important as the 2.406 point. If it falls below this point, the coin market, i.e. BTC price, is expected to be located at an incredibly high price point.
** 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: Cigar at the time of opening (Example) Gap (G1-G2)
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