You should watch for any movement that deviates from the 55828.0-60904.0 segment. In particular, it remains to be seen if it can break off the downtrend line and rise above the 59029.0 point.
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you are in the 54122.5-55828.0 section, you can touch the 48214.0-50752.0 section, so you need a short stop loss. However, it may rise along the uptrend line (7), so careful trading is necessary.
If it falls in the 38225.0-40600.0 section, you can touch the 30448.0-32986.0 section, so you need a Stop Loss to preserve profit or loss.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we have to see if the CCI line and the EMA line can intersect.
The next volatility period is around March 24th. Accordingly, there may be a sideways streak in the 55828.0-60904.0 section until around March 24th.
If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again.
I think there must be an increase in trading volume in order to rise in the 60904.0-63442.0 range.
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(BTC Dominance 1D Chart) You need to make sure you get resistance at point 63.38. In particular, it remains to be seen if it can fall below the uptrend line (1).
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.
(USDT Dominance 1D Chart) You should watch for any movement that deviates from the 2.088-2.406 section. 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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(XBTUSD 1h chart) (UTC) Check the flow before and after the time indicated on the chart. In particular, we have to see if it rises along the support channel.