Bitcoin (BTC) - Feb 2 (volatility period until Feb 3)

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The volatility period is until February 3rd.
Periods of volatility can lead to unpredictable flows, so you need to trade carefully.


We must see if we can ascend above the 33949.53 point.
Above all, it is important to deviate from the downtrend line (9).

If it falls, we need to make sure it is supported at 31467.43.

If it falls in the 27079.41-29300.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.


If you deviate from the downtrend line (9) and get support above the 35818.61 point, you are expected to reorient yourself near the 40169.80-41257.59 section.

If it rises from 40169.80-41257.59, it is expected to rise to 47784.37-48872.16.


(1W chart)
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We have to see if we can get support and climb at 33000.05.

(1M chart)
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If it gains support and rises between 27079.41-29300.0, the uptrend is expected to continue.

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(OKEX BTCUSDT 1D chart)
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We must see if we can ascend above the 34559.3 point.

You need to make sure it doesn't fall inside the downtrend line (9).
If it falls, we need to make sure it is supported at 31577.0.

If it falls in the 28165.8-29309.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.

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(Coinbase BTCUSD 1D chart)
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The volatility around February 1st (January 31st-2nd 2nd) will have to see if there is any movement that deviates from the 31527.50-34800.08 segment.

In particular, it remains to be seen if it can rise above the 34030.64 point.
If it falls, we need to make sure it is supported at 31527.50.

If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.

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(BTC Dominance 1D Chart)
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It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range.
In particular, you need to make sure you can get resistance at 63.38.

If it continues to decline at 63.38, it is expected to be the bull market for altcoins.

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(USDT Dominance 1D Chart)
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Between February 3 and 16, we have to watch for movements that deviate from the 2.541-2.754 section.
In particular, it remains to be seen if it can decline along the downtrend line (2).

Since a lot of money has entered the coin market, I think it makes no sense to compare it with the past trend.
However, since it is rising while supporting the long-term uptrend line (1), I think it is worth referring to this trend.

Accordingly, it is necessary to think about an alternative method to the upward trend of USDT dominance.

The increase in USDT dominance means that the coin market is likely to turn downward.

It is important to fall along the downtrend line (2) even to prevent this trend from reversing.

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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 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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