Bitcoin (XBT, including short term strategy) - March 6Hello?
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You should watch for any movement that deviates from the 44888.0-50752.0 section.
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.
We believe BTC may show direction due to volatility between March 5th and 15th.
Therefore, careful trading is necessary.
An increase in red on the OBJ indicator in the volume indicator means that the sell-off is on the rise.
Accordingly, in order to increase the BTC price, it should turn green and increase.
It is expected that it will not be able to break above the 55828.0 point without an increase in trading volume.
When breaking above the uptrend line (6), the volume should increase.
If the CCI line falls below 100 on the CCI-RC indicator, volatility may occur.
At this point, you need to make sure you are getting support at point 44888.0.
(1h chart)
(UTC)
You should watch for movement in the direction of the arrows drawn on the chart.
USDT dominance is showing a short-term uptrend.
It remains to be seen if this flow will turn sideways as it forms the box section.
Conversely, BTC dominance is declining little by little in the box segment (61.20-63.38).
It remains to be seen if it can move below the 61.20 point and move below the uptrend line (1) and the downtrend line (3).
Accordingly, I think that day-to-day and short-term transactions of altcoins are active.
In order to keep this transaction, you must set Stop Loss and proceed with the transaction.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 61.20 -62.12.
With volatility around March 7th (March 6-8), we need to see which trend line is moving along the uptrend line (1) or the downtrend line (3).
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(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.
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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 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 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)
