Bitcoin (BTC)-February 13 (USDT Dominance Check)

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We need to see if we can climb above the 48199.13-50736.52 section.

If it falls, we need to see if it can rise along the uptrend line (7).

If you fall from the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a short Stop Loss.


The RS line of the wRSI_SR indicator is falling below 80.
It turned into a short-term downtrend.
Accordingly, you need to see where you are getting support and resistance.

On the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can indicate an upward trend.
If the CCI line intersects the EM line, volatility can occur.

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(OKEX BTCUSDT 1D chart)
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We must see if we can ascend to the 48503.1-51063.4 segment.

If it falls, we need to see if it can rise along the uptrend line (6).

If you fall from 40822.2, you can touch the 30581.0-33141.3 section, so you need a short Stop Loss.

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(Coinbase BTCUSD 1D chart)
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We must see if we can ascend to 48259.66-50798.82.
If it falls, we need to see if it can rise along the uptrend line (6).

If you fall from the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a short Stop Loss.

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(BTC Dominance 1D Chart)
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It remains to be seen if it can fall below the uptrend line (1).

We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.

The next volatility period is around February 15th.

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(USDT Dominance 1D Chart)
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You should watch for any movement that deviates from 1.952-2.349.
In particular, we have to watch to see if it is below the uptrend line (1).

If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.

The next volatility period is around February 15-17.

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USDT dominance is falling after resistance at the uptrend line (1), an important trend line.
In addition, BTC dominance is also likely to decline by touching the uptrend line (1) again.

Accordingly, altcoin's bull market continues.
As the altcoin's bull market continues, most of the cases are rising when you sleep and wake up no matter which coin you buy.

However, even in the bullish market of coins, you must set Stop Loss before buying.

Otherwise, when the coin market suddenly turns into a downtrend, there may be cases where you cannot sell and have to hold months-years, so careful trading is required.

No one knows when to sell in a bull market.
However, in order to sell at the high point, the only way to sell is to sell when it surges.
It's best to get more returns from these bull markets, but you should also think about ways to keep your investments more stable by recovering the principal you invested.
However, if the principal is recovered, the return will decrease.

It is up to you to decide which method you will use to earn money.

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** 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)
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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