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(BTCUSDT 1W chart) Departing from the steep uptrend line (4), it touched the uptrend line (3). We have to see if we can go up along the uptrend line (3).
In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point.
In the wRSI_SR indicator, the RS line is falling again without breaking above the SR line. In the state of May 3rd, it remains to be seen if the RS line can break above the SR line and rise near the 50 point.
On the CCI-RC indicator, the CCI line is falling below the 323.59 point. We have to see if we can go above the 323.59 point again.
(1D chart) It fell from the uptrend line (3) and touched the 50736.52 point. It remains to be seen if the move between the 22nd and 24th of April can move up along the uptrend line (3).
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss. However, you can touch the 45135.66 point and go up, so you need to trade carefully.
The next volatility period is around April 28th.
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(XBTUSD 1D chart) It remains to be seen if it can rise along the uptrend line (5) between 22-24 April.
If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, a careful trade is required as you can touch the 45211.5 point and climb.
The next volatility period is around April 28th.
(1h chart) (UTC) Check the movement before and after the time indicated on the chart.
It fell from the 52825.0-54962.5 zone, an important support zone. We have to see if we can quickly ascend to the 52825.0-54962.5 section.
It is important to break above the 57577.5-59029.0 interval and deviate from the short-term downtrend line (1) 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.
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(BTC Dominance (BTC.D) 1W chart) Altcoin's bull market began as it passed 56.78-63.38, an important section on the BTC dominance chart. You should see if you can touch point 43.17, the point you touched with strange signs.
(1D chart) In most cases, the decline in BTC price has led to an increase in BTC dominance, which has shown that the overall coin market flow has turned into a downtrend.
However, looking at the current trend, we do not see an increase in BTC dominance.
This phenomenon can be interpreted as that funds are not being drained from altcoins.
Although the price of each altcoin is showing a lot of decline, it is thought that price adjustment is coming out of the overall flow of the coin market.
There are not so many deals that can be made during this price adjustment period. This is because it is a market situation that can lead to losses immediately if a new purchase is made.
Therefore, it is necessary to check the situation of the coins in which you are investing and to trade according to your average unit price.
The next volatility period on the BTC Dominance chart is around May 9.
(USDT Dominance (USDT.D) 1W chart) With a rise of more than 2.541 points, the coin market has entered a price adjustment period. In order to turn into a full-fledged downtrend, it must rise above 2.842 points and receive support. To expect a decline in USDT dominance, it must fall below the uptrend line (1).
(1D chart) If it rises along the M-Signal line of the 1W chart, I think the coin market is highly likely to turn into a downtrend. So, it remains to be seen if it can drop below the 2.541 point.
The volatility around April 27th (April 26th-28th) will have to see if there is any movement that deviates from the 2.406-2.842 interval.
** 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)
Nota
(CME Bitcoin (BTC1!) 1W chart) If the price remains above the 46325.0 point, it is expected to maintain the upward trend.
(1D chart) It started with a fall in the gap (52860.0-51505.0). We need to see if it can rise above the 52040.0 point along the uptrend line. If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss. If you do, you can touch the 46325.0 point and go up, so you need to trade carefully.
(BAKKT Bitcoin (BTM1!) 1W chart) If the price remains above the 46205.0 point, it is expected to maintain the upward trend.
(1D chart) It started with a fall in the gap (51985.0-51967.5). 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. However, you can touch and climb the 46205.0 point, so you need to trade carefully.
Nota
(BTC Dominance (BTC.D) 1W chart) It touched the 53.20 point in the week of April 8, 2019, and moved higher, falling again in the week of April 12, 2021. With this movement, the coin market is expected to undergo new changes. Due to the steep decline in BTC dominance, the coin market has hit an altcoin bull market and is currently showing price corrections.
You have to watch whether this flow touches the downtrend line (1) and then falls along the downtrend line (1), or touches the downtrend line (2) and falls down.
A significant period of volatility on the BTC Dominance chart is expected to occur in the week of June 14th.
I think the BTC price must fall below 45K in order for the current price correction to turn into a downtrend.
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