Bitcoin (BTC)-February 22 (USDT Dominance Check)

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We have to see if we can climb above the 58945.39 point.
If it falls, you need to make sure you get support at 55811.30.

If it falls in the 48199.13-50736.52 section, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.

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.


The next volatility period is around February 24 (February 23-25).

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(OKEX BTCUSDT 1D chart)
snapshot
We must see if we can ascend above the 58902.8 point.
If it falls, you need to make sure you get support at 56184.0.

If it falls between 48503.1-51063.4, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.

If it falls from 40822.2, 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 must see if we can ascend above the 58919.8 point.
If it falls, we need to make sure we get support at 55877.16.

If it falls in the 48259.66-50798.82 section, a short Stop Loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.

If it falls in the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so Stop Loss is required to preserve profit and loss.

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(BTC Dominance 1D Chart)
snapshot
You should watch for any movement that deviates from 58.89-63.38.
In particular, we need to see if it can fall below the 61.20 point.

We'll see if we can get resistance at MS-Signal and drop below the 62.12 point.

We believe that rising or falling BTC dominance affects the rising and falling prices of altcoins.

We have to see what's going on between February 14th and 26th.

If BTC dominance rises above 63.38 points, altcoin price is expected to turn downward.

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(USDT Dominance 1D Chart)
snapshot
You should watch for any movement that deviates from the 1.952-2.088 range.

If it goes up, we have to see if it gets resistance at the uptrend line (1).

The next volatility period is around March 4.

If the USDT dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.

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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 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 conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(BTC Dominance 1D Chart)
snapshot
We'll see if we can get resistance at the MS_Signal line and drop below the 62.12 point.

(USDT Dominance 1D Chart)
snapshot
We have to see if it can go down at 2.187.
In particular, you need to see if you are getting resistance at the uptrend line (1).

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As the BTC price fell, the USDT dominance rose.
If USDT dominance is below the uptrend line (1), the coin market is expected to maintain an uptrend.

BTC dominance rose as the BTC price fell.
Accordingly, the prices of altcoins are mostly falling.
If the BTC dominance is below the 63.38 point, it is expected to decline if the BTC price starts to move sideways.

If BTC dominance falls after resistance at the MS-Signal line, a strong altcoin bull market is expected.
In this altcoin bull market, it remains to be seen whether major coins will lead the uptrend.

If BTC dominance rises as much as possible, it should touch the M-Signal line on the 1W chart and fall.
If it rises above the M-Signal line of the 1W chart, altcoins are expected to plunge even more than now.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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