Bitcoin (BTC) - March 10 (Variability Period-8)

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We have to see if we can get support at 54087.67 and climb above 55811.30.

If it falls, you need to make sure you get support at 44807.59-50736.52.
In particular, it remains to be seen if it can rise along the short-term uptrend line (8).

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. OBV on the volume indicator is about to turn green.
We must see if the OBV center line can rise as the green increases.

2. On the wRSI_SR indicator, it remains to be seen whether the RS line can sustain a short-term uptrend.
We have to see if the SR line can also rise above 80.

3. On the CCI-RC indicator, it remains to be seen whether the CCI line can rise and break above the EMA line.
If it crosses, it is expected that volatility will 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 40586.96-55811.30.

If the trading volume does not increase, it is expected that it will not be able to break above the 54087.67-55811.30 section.
Accordingly, as I mentioned in #1, I think the OBV indicator should change to green to show the rising flow of the OBV center line.

The significant breakthrough point is at 58945.39.

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(OKEX BTCUSDT 1D chart)
snapshot
We need to see if we can get support at 53231.9 and rise above 56184.0.

If it falls, you need to make sure you get support at 48503.1-51063.4.

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.

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(Coinbase BTCUSD 1D chart)
snapshot
We have to see if we can get support at 54142.13 and climb above 55877.16.

If it falls, you need to make sure you get support at 44850.0-50798.82.
In particular, it remains to be seen if it rises along the short-term uptrend line (7).

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)
snapshot
You should watch for any movement that deviates between the downtrend line (3) and the uptrend line (1).

If you move sideways between the downtrend line (3) and the uptrend line (1), the next volatility period is around April 10th.

I think the bull market for altcoins is when BTC dominance is below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.

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(USDT Dominance 1D Chart)
snapshot
We must see if we can get resistance at the downtrend line (2) and move below the 2.187 point.
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.
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 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)
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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