(Coinbase BTCUSD 1D chart) We have to see if we can get support at 55877.16.
If it falls, you need to make sure you get support at 48259.66-50798.82.
If it falls from 48259.66, a short Stop Loss is required. However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so Stop Loss is required to preserve profit and loss.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from 58.89-63.38. In particular, we need to see if it can fall 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.
We'll have to see what's going on between February 14th and 26th.
If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.
** 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)