Bitcoin (BTC) - April 17
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It remains to be seen if the XBTUSD chart (60904.0-63442.0) and the BTCUSDT chart (60886.07-63423.46) can gain support and rise.
If the XBTUSD chart (63442.0 points) and BTCUSDT chart (63423.46 points) break upward and rise, it is expected to touch the XBTUSD chart (71056.0 points) and the BTCUSDT chart (71035.63 points).
If you see the movement of BTC price and proceed with predictive trading, I think there is a high possibility of double loss.
This is because there may be a fake in the movement of BTC price due to the large decline in BTC dominance.
Therefore, I think you should trade while looking at the USDT Dominance Chart and the BTC Dominance Chart together.
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(BTCUSDT 1D chart)
We have to see if we can get support and climb in the 60886.07-63423.46 segment.
If you move down from 58352.80, you need a short stop loss.
However, you can touch the 55811.30 point and go up, so you need to trade carefully.
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases.
On the wRSI_SR indicator, the RS line fell below 80 points, showing a short-term downtrend.
When you see this short-term downtrend, you need to see where you are getting support.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line.
The next volatility period is around April 28th.
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(XBTUSD 1D chart)
We need to see if we can store the force to move towards the 71056.0 point by going sideways in the 60904.0-63442.0 section.
If you fall from 58464.0, you need a short stop loss.
However, you can touch the 55828.0 point and go up, so you need to trade carefully.
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.
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(BTC Dominance (BTC.D) 1W chart)
We'll see if we can get resistance at 53.20 and move down.
If it rises to the important section of 56.78-63.38, I think the coin market is highly likely to turn into a downtrend.
However, I think the bullish market for altcoins is when BTC dominance is located below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
If it falls below a certain point in the BTC price, there may be cases where the BTC dominance suddenly rises significantly.
When such a move occurs, you need to check the points of support and resistance of the coins you hold.
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(USDT Dominance (USDT.D) 1D chart)
With the volatility around April 16 (April 15-17), we need to see if there is any change in movement.
In particular, we have to watch for any movement outside the 2.088-2.473 segment.
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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.
----------------------------------
It remains to be seen if the XBTUSD chart (60904.0-63442.0) and the BTCUSDT chart (60886.07-63423.46) can gain support and rise.
If the XBTUSD chart (63442.0 points) and BTCUSDT chart (63423.46 points) break upward and rise, it is expected to touch the XBTUSD chart (71056.0 points) and the BTCUSDT chart (71035.63 points).
If you see the movement of BTC price and proceed with predictive trading, I think there is a high possibility of double loss.
This is because there may be a fake in the movement of BTC price due to the large decline in BTC dominance.
Therefore, I think you should trade while looking at the USDT Dominance Chart and the BTC Dominance Chart together.
-------------------------------------------------- -----
(BTCUSDT 1D chart)
We have to see if we can get support and climb in the 60886.07-63423.46 segment.
If you move down from 58352.80, you need a short stop loss.
However, you can touch the 55811.30 point and go up, so you need to trade carefully.
If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases.
On the wRSI_SR indicator, the RS line fell below 80 points, showing a short-term downtrend.
When you see this short-term downtrend, you need to see where you are getting support.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line.
The next volatility period is around April 28th.
------------------------------------
(XBTUSD 1D chart)
We need to see if we can store the force to move towards the 71056.0 point by going sideways in the 60904.0-63442.0 section.
If you fall from 58464.0, you need a short stop loss.
However, you can touch the 55828.0 point and go up, so you need to trade carefully.
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.
----------------------------------------------
(BTC Dominance (BTC.D) 1W chart)
We'll see if we can get resistance at 53.20 and move down.
If it rises to the important section of 56.78-63.38, I think the coin market is highly likely to turn into a downtrend.
However, I think the bullish market for altcoins is when BTC dominance is located below 63.38 points.
Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
If it falls below a certain point in the BTC price, there may be cases where the BTC dominance suddenly rises significantly.
When such a move occurs, you need to check the points of support and resistance of the coins you hold.
--------------------------------------------------
(USDT Dominance (USDT.D) 1D chart)
With the volatility around April 16 (April 15-17), we need to see if there is any change in movement.
In particular, we have to watch for any movement outside the 2.088-2.473 segment.
-------------------------------------------------- -------------------------------------------
** 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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