You have to watch for movement along the downtrend line. In particular, it remains to be seen if it can rise above the 58968.31 point.
You should watch for any movement that deviates from 55811.30-60886.07.
If it falls, you need to make sure you get support in the 54087.67-55811.30 range.
If you fall from 54087.67--55811.30, you can touch the 48199.13-50736.52 section, so you need a short Stop Loss. However, it may rise along the uptrend line (8), so careful trading is necessary.
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 center line rises as the green of OBV in the volume indicator increases.
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 uptrend.
3. In the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines turn upward.
The next volatility period is around March 24-31. Accordingly, until around March 24th, it could move sideways between 54087.67-60886.07. In order to get out of the sideways, we need to see if there is an increase in trading volume.
We expect BTC price to determine the direction in the future in the range 60886.07-63423.46. Accordingly, as the BTC price rises closer to the 60886.07-63423.46 range, the lower the BTC price, the more the altcoins' price is expected to fluctuate.
Therefore, you need to look at the fluctuations of the altcoins you currently have and see where they are supported. If the point that should be supported is broken, the price of altcoins may plunge when the BTC price rises to 60886.07-63423.46 and then falls without support.
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(OKEX BTCUSDT 1D chart) You should watch for any movement that deviates from the 56184.0-61304.5 section. In particular, it remains to be seen if it can rise above the 58902.8 point.
If it falls, you need to make sure you get support at 53231.9-56184.0.
If it falls between 53231.9-56184.0, 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 have to watch for movement along the downtrend line. In particular, we have to see if it can rise above the 58972.70 point.
The volatility around March 23rd (March 22-24) will have to watch for movements that deviate from 50798.82-60955.50. In particular, we have to see if it rises along the uptrend line (7).
If it falls, we need to make sure we get support from 54142.13-55877.16.
If you fall from 54142.13-55877.16, you can touch the 50798.82 point, 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) We must see if we can get resistance at 61.91 and move below the uptrend line (1). In particular, it remains to be seen if it can fall below the downtrend line (3).
I think the bull market for altcoins is when BTC dominance is below 63.38 points. Therefore, it is always a good idea to check if you are climbing above the 63.38 point.
It fell below the 63.38 point for the first time on January 24th. After this, a sidewalk continued below the 63.38 point. Due to this sidewalk, the Bollinger Bands (60) began to converge. Accordingly, M-Signal and MS-Signal on the 1W chart are expected to cross sooner or later.
Volatility is expected to occur in the not too distant future. The closest volatility period is around March 24th.
(USDT Dominance 1D Chart) If you are below the uptrend line (1), you are 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 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. 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 published by oh92. (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 profit or loss 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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