Bitcoin (BTC) - February 11 (USDT Dominance Check)

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It remains to be seen if there is any movement deviating from the 40586.96-48199.13 zone due to volatility around February 10th.
In particular, it remains to be seen if it can rise along the uptrend line (7).

If it falls, we need to see if it is supported by the 38150.02-40586.96 range.

If you fall from the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a short Stop Loss.


On the wRSI_SR indicator, we have to watch if the RS line falls below 80.

On the CCI-RC indicator, it remains to be seen whether the CCI and EMA lines can indicate an upward trend.

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(OKEX BTCUSDT 1D chart)
snapshot
We need to see if we can climb along the uptrend line (6).
If it falls, you need to make sure you get support at 40822.2.

If you go down at 40822.2, you can touch the 30581.0-33141.3 section, so you need a short Stop Loss.

It remains to be seen if it can rise above the 48503.1 point along the uptrend line (6).

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(Coinbase BTCUSD 1D chart)
snapshot
We need to see if we can climb along the uptrend line (6).
If it falls, we need to make sure it is supported at 40642.15.

If you fall from the 38171.57-40642.15 section, you can touch the 30485.48-33024.65 section, so you need a short Stop Loss.

It remains to be seen if it can rise above the 48259.66 point along the uptrend line (6).

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(BTC Dominance 1D Chart)
snapshot
You should watch for any movement that deviates from 61.20-63.38.
In particular, it remains to be seen if it can fall below the uptrend line (1).

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

If BTC dominance and USDT dominance rise together, the coin market may turn into a downtrend, so careful trading is necessary.

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(USDT Dominance 1D Chart)
snapshot
We'll find resistance at the uptrend line (1) and see if we can move below the 2.187 point.
If the dominance can be maintained below the uptrend line (1), the coin market is expected to maintain an uptrend.

(1h chart)
snapshot
You should see the flow past the time indicated on the chart.

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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
(USDT Dominance 1D Chart)
(UTC) snapshot
You should see the movement before and after the time indicated on the chart.
Accordingly, we have to watch for any movement that deviates from the 2.187-2.349 section.
It is recommended to trade according to the movement after this time.

Based on the uptrend line (1)

If it rises, the price of the coin market will fall.
If the USDT dominance touches the 2.349 point and falls, a buy is possible for short-term trading.
However, if it does not fall below the uptrend line (1), the BTC price is expected to fall.
At this time, if the XBTUSD standard (tradingview.com/x/mqJQd0qc/) is supported in the 38225.0-40600.0 range, it can be said to be a sound price adjustment.


If it falls, the price of the coin market will rise.
However, if BTC price surges, altcoins are expected to move sideways or price corrections.
If BTC prices move sideways, altcoins' prices are expected to rise further.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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