Bitcoin (BTC) - March 8 (Variability Period-6)
Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
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.
If the RS and SR lines intersect, volatility may occur, so careful trading is required.
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 you can go up.
If the CCI line falls below 100 or crosses the EMA line, volatility may occur, so careful trading is necessary.
It remains to be seen if the volatility between around March 8 (March 7-9)-15 (March 14-16) leads to a movement that deviates from the 40586.96-55811.30 range.
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.
If the trading volume does not increase, it is expected that it will not be able to break above the 55811.30 point.
Therefore, careful trading is necessary.
----------------------------------------------
(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.
-----------------------------------------------
(BTC Dominance 1D Chart)
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).
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.
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 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
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.
If the RS and SR lines intersect, volatility may occur, so careful trading is required.
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 you can go up.
If the CCI line falls below 100 or crosses the EMA line, volatility may occur, so careful trading is necessary.
It remains to be seen if the volatility between around March 8 (March 7-9)-15 (March 14-16) leads to a movement that deviates from the 40586.96-55811.30 range.
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.
If the trading volume does not increase, it is expected that it will not be able to break above the 55811.30 point.
Therefore, careful trading is necessary.
----------------------------------------------
(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.
-----------------------------------------------
(BTC Dominance 1D Chart)
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).
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.
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 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)
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.