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(XBTUSD 1D chart) It remains to be seen if it can gain support at 54122.5 between April 22-24 and move up along the uptrend line (5).
If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss.
The next volatility period is around April 28th.
It remains to be seen if OBV can turn green on the volume indicator.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20, indicating a short-term uptrend.
On the CCI-RC indicator, we need to see if the CCI line can touch the downtrend line drawn on the chart and rise above 100 points. If the CCI line breaks above 100 points, there may be volatility, so careful trading is necessary.
(1h chart) Check the movement before and after the time indicated on the chart.
We need to see if we can move up along the uptrend line (5).
It is important to break above the short-term downtrend line (1) by breaking above the 57577.5-59029.0 interval in order to continue the uptrend.
In particular, it remains to be seen if it can maintain the short-term uptrend by rising above the M-Signal line on the 1D chart.
The 52825.0-54962.5 section is an important support section.
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(BTCUSDT 1D chart) We need to see if we can move up along the uptrend line (5). To confirm this, we need to check the movement between 22-24 April.
The uptrend line (5) is the uptrend line with an important trend on the 1W chart. Accordingly, if it rises along the uptrend line (5), it is expected that it will be able to take an uptrend during the volatility period starting around April 28th.
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
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(BTC Dominance (BTC.D) 1D Chart) We believe it is making the BTC price movement harder to predict by falling along the downtrend line (3) which started on March 31st.
In order to continue the upward trend of the coin market, I believe that the BTC price must rise first. Therefore, I think BTC dominance should deviate from the downtrend line (3) and create a new trend. Accordingly, we must watch for a downward movement along the downtrend line (1).
We believe that the decline in BTC dominance is likely to lead to an upward trend in altcoins. However, a large decline in BTC dominance can make it more likely that a fake will occur in the flow of BTC price, so trading by predicting the movement of BTC price may result in double losses.
Therefore, it is recommended to check the dominance chart (BTC, USDT) together with the BTC price chart.
The period of volatility on the BTC price chart is expected to start as early as around April 25th. Full-fledged volatility is expected to come from around April 28th-5th around the 4th.
(USDT Dominance (USDT.D) 1D chart) We have to see if there is any movement outside the box section of 2.088-2.473 due to volatility around April 27th. In particular, it remains to be seen if it can fall below the 2.406 point.
To maintain the downward trend of USDT dominance, it must fall below the uptrend line (1). In particular, it remains to be seen if it can move below the downtrend line (3).
We believe that the decline in USDT dominance is likely to lead to higher BTC prices and higher coin market prices.
** 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)
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(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (55610.0-54825.0). You should watch for any movement that deviates from the 52040.0-57925.0 segment. In particular, we have to see if we can get support and climb at 53720.0. If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss.
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a fall in the gap (55427.5-53875.0). We must see if we can ascend above the 54914.0 point. In particular, it remains to be seen if it can rise along the uptrend line. If it falls in the 47444.5-49934.0 section, a Stop Loss is required to preserve profit and loss.
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