Bitcoin (BTC) - April 21
Updated
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(BTCUSDT 1D chart)
We have to see if we can get support at 55811.30 and climb above 58352.80.
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
The next volatility period is around April 28th.
However, you should check if it is supported by rising to the 57412.35-58968.31 range or higher around April 23rd.
If you don't break quickly, you're likely to touch the uptrend line (5) again.
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(XBTUSD 1D chart)
We have to see if we can get support at 55828.0 and ascend above 58464.0.
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.
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)
(UTC)
Check the movement before and after the time indicated on the chart.
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.
To do this, we have to see if we can move up along the uptrend line (7).
The 52825.0-54962.5 section is an important support section.
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(BTC Dominance (BTC.D) 1W chart)
It remains to be seen if it can decline along the short-term downtrend line (3).
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.
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(USDT Dominance (USDT.D) 1D chart)
We must see if there is any movement outside the box section 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.
In order to maintain the downtrend of USDT dominance, it must fall below the uptrend line (1).
In particular, we have to see if we can move below the downtrend line (3).
We believe that the decline in USDT dominance is likely to lead to an increase in the BTC price and the price of the coin market.
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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 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)
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
----------------------------------
(BTCUSDT 1D chart)
We have to see if we can get support at 55811.30 and climb above 58352.80.
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
The next volatility period is around April 28th.
However, you should check if it is supported by rising to the 57412.35-58968.31 range or higher around April 23rd.
If you don't break quickly, you're likely to touch the uptrend line (5) again.
------------------------------------
(XBTUSD 1D chart)
We have to see if we can get support at 55828.0 and ascend above 58464.0.
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.
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)
(UTC)
Check the movement before and after the time indicated on the chart.
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.
To do this, we have to see if we can move up along the uptrend line (7).
The 52825.0-54962.5 section is an important support section.
----------------------------------------------
(BTC Dominance (BTC.D) 1W chart)
It remains to be seen if it can decline along the short-term downtrend line (3).
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 must see if there is any movement outside the box section 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.
In order to maintain the downtrend of USDT dominance, it must fall below the uptrend line (1).
In particular, we have to see if we can move below the downtrend line (3).
We believe that the decline in USDT dominance is likely to lead to an increase in the BTC price and the price of the coin market.
-------------------------------------------------- -------------------------------------------
** 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)
Note
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (56715.0-56900.0).
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 (57175.0-56305.0).
We need to see if we can get support at 54914.0 and move up 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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