You should watch for any movement that deviates from the 44807.59-50736.52 section.
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 on the volume indicator turns green and can rise. It should turn green to continue the upward trend.
2. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend.
3. On the CCI-RC indicator, it remains to be seen whether the CCI line can rise and break above the EMA line. In particular, you need to touch the uptrend line and see if it can go up. If the CCI line falls below 100, volatility may occur, so careful trading is necessary.
It remains to be seen if the volatility between around March 8th and around 15th will lead to a movement that deviates from the 40586.96-55811.30 segment.
It is believed that the first sidewalk section, 44807.59-50736.52, was created. As such, we have to see if we can break away from the newly created short-term downtrend line and climb along the short-term uptrend line.
(1h chart) (UTC) You should watch for movement in the direction of the arrows drawn on the chart.
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(OKEX BTCUSDT 1D chart) You should watch for any movement that deviates from the 48503.1-51063.4 segment.
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 should watch for any movement that deviates from the 44850.0-50798.82 section.
If you go down at 44850.0, you can touch 40642.15, 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 have to see if we can get resistance at 61.20 and move below the downtrend line (3). With volatility around March 7th (March 6-8), you need to see which trend line moves along the uptrend line (1) or the downtrend line (3).
(USDT Dominance 1D Chart) It remains to be seen if it can fall below the uptrend line (1). In particular, it remains to be seen if it could fall below the 2.249 point to get out of the short-term uptrend. The next volatility period is around March 15-18.
** 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. Hence, the interpretation is the same as the traditional 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 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 are not trading 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)