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Bitcoin (BTC) - May 5 (Variability Period-9)Hello? 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 need to see if we can get support at 54087.67 and move up along the uptrend line (3). You should watch for movement within the uptrend channels of the uptrend lines (3) and (4). If it does not continue to rise after breaking above the critical section of 60.886.07-63423.46, it will eventually fall. So, you have to think about how to respond. 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. If it breaks above 60.886.07-63423.46 and continues its ascent, it is expected to re-orientate in the 78647.80-81185.19 section. On the wRSI_SR indicator, the RS line fell below 80 points, showing a short-term downtrend. At this point, you need to see where the BTC price is gaining support. ------------------------------------ (XBTUSD 1D chart) We must see if it can rise above the 55828.0 point by ascending along the uptrend line (3). In particular, we have to see if we can get off the downtrend line. You should watch for movement within the uptrend lines (3) and (4). Accordingly, it remains to be seen if there is a move above the 63442.0 point in the movement until around May 10th. If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again. So, you have to think about how to respond. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. It remains to be seen if the red of OBV on the volume indicator turns green and can increase. It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator. If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) We need to see if it can move down along the downtrend line (3). If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think it is likely around May 9 that we can see the direction of BTC dominance. We have to see if we can touch point 43.17, which was touched as a strange sign due to volatility around May 15th. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) The volatility around May 5th (May 4th-May 6th) will keep an eye out for movements that deviate from 2.088-2.473. In particular, it remains to be seen if it can fall below the downtrend line (3). It remains to be seen if it can fall below the important uptrend line (1). Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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 traditional 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)
by readCrypto
1
Bitcoin (BTC) - May 4 (Variability Period-8)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XBTUSD 1D chart) You should watch for any movement that deviates from the 55828.0-60904.0 segment. In particular, we have to see if we can get support from the newly formed support and resistance point at 56641.5 and rise above the 60904.0 point. You should watch for movement within the uptrend lines (3) and (4). Accordingly, it remains to be seen if there is a move above the 63442.0 point in the movement until around May 10th. If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again. So, you have to think about how to respond. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. It remains to be seen if the red of OBV on the volume indicator turns green and can increase. It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator. If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary. Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 10th. (1h chart) Check the movement before and after the time indicated on the chart. We need to see if we can get support at the newly formed support and resistance point at 56641.5 and break above the short-term downtrend line drawn on the 1D chart. In particular, we need to see if it can break above the 57577.59263.5 section of the resistance section. If it falls, you need to make sure you are getting support in the support range of 52825.0-54962.5. ---------------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from 45135.66-57412.35 (1D chart) You should watch for any movement that deviates from 55811.30-60886.07. In particular, we have to see if we can get support at 56578.21, the newly formed support and resistance point, and move above 58968.31. You should watch for movement within the uptrend channels of the uptrend lines (3) and (4). If it does not continue to rise after breaking above the critical section of 60.886.07-63423.46, it will eventually fall. So, you have to think about how to respond. 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. Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 11th. If it breaks above 60.886.07-63423.46 and continues its ascent, it is expected to re-orientate in the 78647.80-81185.19 section. ------------------------------------ (BTCKRW 1W chart) If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend. We need to see if we can get support at the 65800000 point and move up the uptrend line along (3) to break off the downtrend line. (1D chart) We have to see if we can get support at 68567000 and get off the downtrend line. If it falls, you need to make sure you get support in the 64246000-66007000 section, where the horizontal line is dense. If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb 51798000 points. An attempt was made to break the downtrend line by touching above the 70694000 point. It remains to be seen if it could rise to the 70654000-73622000 range before the next volatility period, around May 10th. (Upbit BTCKRW 1D chart) ---------------------------------------- (BTC Dominance (BTC.D) 1W chart) (1D chart) We need to see if it can move down along the downtrend line (3). In particular, it remains to be seen if it can fall below the downtrend line (3). We'll see if we can get resistance in the 47.64-48.81 range and see if there can be further declines. If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. We have to see if we can touch point 43.17, which was touched as a strange sign due to volatility around May 15th. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) The volatility around May 5th (May 4th-May 6th) will keep an eye out for movements that deviate from the 2.088-2.473 range. In particular, it remains to be seen if it can fall below the downtrend line (3). It remains to be seen if it can fall below the important uptrend line (1). Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range. The EMA line is rising on the CCI-RC indicator, and the CCI line is rising along the EMA. It remains to be seen if the CCI line can fall below the EMA line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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. Hence, the interpretation is the same as the traditional 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 profit or loss 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: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC) - May 3 (Variability Period-7)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) You should watch for any movement that deviates from 55811.30-60886.07. We'll have to see if we can get support at 55811.30 and climb to 60886.07-63423.46. You should watch for movement within the uptrend channels of the uptrend lines (3) and (4). If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall. So, you have to think about how to respond. 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. Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 11th. ------------------------------------ (XBTUSD 1D chart) During the volatility period around April 28-May 4, we need to see if there is any movement that deviates from the 50752.0-60904.0 range. In particular, you should watch for movement within the uptrend lines (3) and (4). Accordingly, it remains to be seen if there is a move above the 63442.0 point in the movement until around May 10th. If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again. So, you have to think about how to respond. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator. If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary. Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 10th. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) We have to see if we can get below the 48.81 point. In particular, it remains to be seen if it can fall below the downtrend line (3). If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. You'll have to see if you can touch the 43.17 point you touched as a strange sign. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from the 2.088-2.473 segment. In particular, it remains to be seen if it can fall below the downtrend line (3). It remains to be seen if it can fall below the important uptrend line (1). Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range. The next volatility period is around May 5th (May 4th-May 6th). The EMA line is rising on the CCI-RC indicator and the CCI line is rising along the EMA. It remains to be seen if the CCI line could fall below the EMA line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
by readCrypto
2
Bitcoin (BTC) - May 2 (Variability Period-6)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XBTUSD 1D chart) During the volatility period around April 28-May 4, we need to see if there is any movement that deviates from the 50752.0-60904.0 range. It remains to be seen if the uptrend can continue as it breaks above the 57577.5-59029.0 interval. If it falls, you need to make sure you get support at 55828.0. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator. If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary. If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again. So, you have to think about how to respond. (1h chart) Check the movement before and after the time indicated on the chart. It remains to be seen if it can break above the 57577.5-59029.0 (59263.5) interval and climb along the short-term uptrend line (A). If it falls, you need to make sure you get support at 55828.0. The 52825.0-54962.5 section is a support section, which requires careful trading as you can touch and climb this section. ---------------------------------------------- (BTCUSDT 1M chart) (1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) You should watch for any movement that deviates from 55811.30-60886.07. In particular, it remains to be seen if we can succeed in breaking above the important section 57412.35-58968.31. It remains to be seen if the uptrend can continue with support at 55811.30. 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. During the period of volatility (around April 28th-around May 4th), we should watch for any movement that deviates from the 50736.52-60886.07 range. If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall. If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section. ------------------------------------ (BTCKRW 1M chart) (1W chart) If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend. We need to see if we can get support at the 65800000 point and move up the uptrend line along (3) to break off the downtrend line. (1D chart) We have to see if we can get support and climb at the 68567000 point. If it falls, we need to make sure we get support at 65800000. If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb 51798000 points. It remains to be seen if you can climb above the 70694000 point and break off the downtrend line (6). (Upbit BTCKRW 1D chart) ---------------------------------------- (BTC Dominance (BTC.D) 1D Chart) We have to see if we can get below the 48.81 point. In particular, it remains to be seen if it can fall below the downtrend line (3). If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from the 2.088-2.473 segment. In particular, it remains to be seen if it can fall below the downtrend line (3). It remains to be seen if it can fall below the uptrend line (1). The uptrend line (1) is an important uptrend line. Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range. The next volatility period is around May 5th (May 4th-May 6th). -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC) - May 1 (Variability Period-5)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) You should watch for any movement that deviates from 55811.30-60886.07. In particular, it remains to be seen if we can succeed in breaking above the important section 57412.35-58968.31 It remains to be seen if the uptrend can continue with support at 55811.30. 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. During the period of volatility (around April 28th-around May 4th), we should watch for any movement that deviates from the 50736.52-60886.07 range. If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall. If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section. ------------------------------------ (XBTUSD 1D chart) During the volatility period around April 28-May 4, we must watch for any movement that deviates from the 50752.0-60904.0 range. Breaking above the 55828.0 point increased the likelihood of an upward trend. It remains to be seen if the uptrend can continue as it breaks above the 57577.5-59029.0 interval. If it falls, you need to make sure you get support at 55828.0. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator. If the CCI line crosses 100 points or the EMA line, there may be volatility, so careful trading is necessary. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It remains to be seen if it can fall below the downtrend line (3). Be aware of the volatility that can arise from touching the 48.81 point around April 30 (April 29-May 1). If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) We'll see if we can get resistance at 2.406 and move down. In particular, it remains to be seen if it can fall below the uptrend line (4). It remains to be seen if it can fall below the uptrend line (1). The uptrend line (1) is an important uptrend line. Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. We'll have to see if we can get off the 2.088-2.473 segment and go down the 1.266-1.654 segment. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
by readCrypto
Bitcoin (BTC) - April 29 (Variability Period-3)Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) We have to see if we can get support at 54087.67 and climb above 55811.30. It remains to be seen if the uptrend can continue with support at 55811.30. I think the current position is an ambiguous position to view as an upward trend. Therefore, careful trading is necessary. If it goes down, you need to make sure you get support at 54087.67. In particular, it remains to be seen if it can rise 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. During the period of volatility (around April 28th-around May 4th), we should watch for any movement that deviates from the 50736.52-60886.07 range. If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall. If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section. ------------------------------------ (XBTUSD 1D chart) During the volatility period around April 28-May 4, we must watch for any movement that deviates from the 50752.0-60904.0 range. In particular, we have to see if we can get support and climb at the 55828.0 point. The three sections, A, B, and C, showed a lot of rise, leading to an upward trend. At this time, it broke all the MS-Signal lines upward and continued the upward trend. The current D section is not. Therefore, it remains to be seen if it can break above the MS-Signal line and continue the uptrend in the upcoming volatility period. If it falls, you need to make sure you get support at 54122.5. In particular, it remains to be seen if it can rise along the uptrend line (3). If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It remains to be seen if it can fall below the downtrend line (3). We have to see if we can touch the 48.81 point around April 30 (April 29-May 1). If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from the 2.406-2.842 section. It remains to be seen if it can fall below the uptrend line (1). The uptrend line (1) is an important uptrend line. Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. ---------------------------------- (ETH Dominance (ETH.D) 1W chart) (1D chart) We must see if we can create a new wave as we break above the downtrend line (2). It remains to be seen if the ETH dominance can rise along the short-term uptrend line and break above the 17.47 point. We believe that the rise of ETH dominance is having some influence on current market trends. Accordingly, when viewing the BTC price chart, it is recommended to look at the ETH dominance chart as well as the BTC dominance and USDT dominance charts. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
by readCrypto
3
Bitcoin (BTC) - April 28 (Variability Period-2)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (XBTUSD 1D chart) It remains to be seen if it can show a flow that rises above the 55828.0 point and breaks above the MS-Signal line. The three sections, A, B, and C, showed a lot of rise, leading to an upward trend. At this time, it broke all the MS-Signal lines upward and continued the upward trend. The current D section is not. Therefore, it remains to be seen if it can break above the MS-Signal line and continue the uptrend in the upcoming volatility period. If it falls, you need to make sure you get support at 54122.5. In particular, it remains to be seen if it can rise along the uptrend line (3). If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. (1h chart) We need to see if we can get out of the critical segment 52825.0-54962.5. In particular, it remains to be seen if it can rise above the 55828.0 point to break off the short-term downtrend line (1). If you go outside the short-term downtrend line (1), there may be drastic movements and you need to trade carefully. We need to see if we can release the force to break above the previous high, 57577.5-59263.5. ---------------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from 45135.66-57412.35. (1D chart) We must see if we can climb above 55811.30 and get support. If it falls, we need to make sure it is supported at 54087.67 In particular, it remains to be seen if it can rise 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. During the period of volatility (around April 28th-around May 4th), we should watch for any movement that deviates from the 50736.52-60886.07 range. If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall. If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section. ------------------------------------ (BTCKRW 1W chart) If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend. You should watch for any movement that deviates from the 51798000-65800000 section. (1D chart) We'll have to see if we can get support by climbing above the previous high of 65800000. If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb 51798000 points. In order to turn to an uptrend, it must break above the MS-Signal line. In particular, it must be supported at the 68567000 point. (Upbit BTCKRW 1D chart) ---------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It remains to be seen if it can fall below the downtrend line (3). We have to see if we can touch the 48.81 point around April 30th. If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) It remains to be seen if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 range. It remains to be seen if it can fall below the uptrend line (1). The uptrend line (1) is an important uptrend line. Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend. However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin (BTC) - April 27 (Variability Period-1)Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) We must see if we can ascend above the 54087.67 point. In particular, it remains to be seen if it can break above the MS-Signal line. If it falls, we need to see if it can rise 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. A period of volatility around April 28 (April 27-29)-May 4 began. Accordingly, it remains to be seen if there is any movement outside the 50736.52-60886.07 range in this volatility period. If it is not able to continue the increase by breaking above the 60.886.07-63423.46 section, it will eventually fall. If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section. ------------------------------------ (XBTUSD 1D chart) It rose, breaking above the downtrend lines (5) and (6). It remains to be seen if it can show a flow that rises above the 55828.0 point and breaks above the MS-Signal line. The three sections, A, B, and C, showed a lot of rise, leading to an upward trend. At this time, it broke all the MS-Signal lines upward and continued the upward trend. The current D section is not. Therefore, it remains to be seen if it can break above the MS-Signal line and continue the uptrend in the upcoming volatility period. If it falls, we need to see if it can rise along the uptrend line (3). If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 45211.5 point. A period of volatility around April 28 (April 27-29)-May 4 began. Accordingly, we have to watch if there is any movement that deviates from the current sideways section of 50752.0-60904.0. In particular, we need to see if we can ascend above the 55828.0 point, the central point of the sidewalk. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It remains to be seen if it can fall below the downtrend line (3). If it doesn't fall below the downtrend line (3), it will eventually rise. If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. As the BTC price rises, the BTC dominance may rise as well. This is due to the concentration of funds in BTC. Therefore, at this point, I believe that funds must be concentrated in BTC in order for the BTC price to continue the upward trend. If not, it will not lead to an upward trend and there is a high probability of falling. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) It remains to be seen if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 range. In particular, it remains to be seen if it can fall below the 2.541 point. I think that in order for the coin market to improve, it must be resisted at the point of at least 2.541 below the uptrend line (2). If it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. No matter what analysis is used to explain the current market situation, the market trend can improve only when USDT dominance eventually declines. Therefore, if you enter the coin market with a brief rebound in the price adjustment flow, there is a high possibility of double loss. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
by readCrypto
5
Bitcoin (BTC) - April 26 (Fast Volatility Period 24-26)Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (XBTUSD 1D chart) We have to see if we can get support and climb in the 48214.0-50752.0 range. If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss. However, you can touch the 45211.5 point and climb, so you need to trade carefully. The next volatility period is around April 28th. If it falls in the 48214.0-50752.0 section, it is the next section, 30448.0-32986.0. Therefore, there is a possibility that it will move sideways between 32986.0-48214.0. This sideways section can be further divided into 32986.0-40600.0 section and 40600.0-48214.0 section. So, you have to touch the 40600.0-45211.0 section and see if you can climb. In order to turn to an uptrend, the bookmaker must essentially deviate from the downtrend lines (5) and (6). It remains to be seen if the red color of OBV on the volume indicator decreases. On the wRSI_SR indicator, we must see if the RS line can rise more than 20 points. On the CCI-RC indicator, we need to touch the downtrend line with the CCI line drawn and see if it can rise. If the CCI line crosses the -100, 0, 100 points or crosses the EMA line, volatility may occur, so careful trading is required. ---------------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) We have to see if we can get support and climb in the 48199.13-50736.52 section. 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. It remains to be seen if there may be any movements that deviate from the short-term downtrend line (5). If you do not deviate from the downtrend lines (5) and (6), you will eventually fall. ------------------------------------ (BTCKRW 1W chart) If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend. You should watch for any movement that deviates from the 51798000-65800000 section. (1D chart) The volatility around April 25th (April 24-26) will have to see if there is any movement that deviates from the 51798000-64837000 range. In particular, it remains to be seen if it can rise above 61712000 points. If it falls, we have to see if we can gain support and rise in the 56052000-58981000 range. If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb 51798000 points. (Upbit BTCKRW 1D chart) ---------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It remains to be seen if it can fall below the downtrend line (3). If it doesn't fall below the downtrend line (3), it will eventually rise. If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range. In particular, we have to touch the downtrend line (1) and see if it can go down. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1W chart) If it closes by rising above 2.842 points, it is possible to touch the 2.97-3.374 section. (1D chart) It remains to be seen if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 range. I think that in order for the coin market to improve, it must be resisted at the point of at least 2.541 below the uptrend line (2). If it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. No matter what analysis is used to explain the current market situation, the market trend can improve only when USDT dominance eventually declines. Therefore, if you enter the coin market with a brief rebound in the price adjustment flow, there is a high possibility of double loss. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
2
Break Hard?I've had the larger channel in for weeks. As you can see, we've bounced along the lower bound for a while finally breaking through solidly in the past 24 hours. The question is: does the lower bound support become resistance? I've included a few extra lines more pertinent to the next 72 hours. It appears that we are at an inflection point. I see a possible head and shoulders developing on the 4hr but the trend seems bullish. That said, we have a gap in CME futures between 54000-55000 (ish). The (potential) right shoulder is presenting lower highs and lower lows with respect the the (potential) head and volume is decidedly bearish which would lead me to a 50100 target in BTCUSD, a breakout to the upside would portend new highs, but only time will tell. Note: CME futures are closed until the Sunday Globex open due to Good Friday. What do you think?
COINBASE:BTCUSDShort
by jwreynoso
Bitcoin (BTC) - April 25 (Fast Volatility Period 24-26)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from 45135.66-57412.35. (1D chart) We have to see if we can get support and climb in the 48199.13-50736.52 section. 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. In order to turn to an uptrend, it must rise above the 55811.30 point and gain support. ------------------------------------ (XBTUSD 1D chart) We have to see if we can get support and climb in the 48214.0-50752.0 range. 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 and climb the 45211.5 point. The next volatility period is around April 28th. It remains to be seen if the red color of OBV on the volume indicator decreases. On the wRSI_SR indicator, we must see if the RS line can rise more than 20 points. On the CCI-RC indicator, we need to touch the downtrend line with the CCI line drawn and see if it can rise. If the CCI line crosses the -100, 0, 100 points or intersects the EMA line, volatility may occur, so careful trading is required. (1h chart) (UTC) Check the movement before and after the time indicated on the chart. We need to see if we can get support at 50752.0, deviating from the downtrend line (2) drawn on the 1D chart. In particular, you should watch for any movement that deviates from the 48214.0-52825.0 interval on April 25th during the time shown on the chart. Also, it remains to be seen if it can break above the downtrend line (3) drawn on the 1W chart and gain support at 57577.5-59029.0. Finally, in order to continue the uptrend, we need to see if we can break above the short-term downtrend line (1), breaking above the 57577.5-59029.0 interval. If it breaks above the short-term downtrend line (1), it is expected to rise to 60904.0-63442.0 in a'V' pattern. However, if it falls at 45211.0, it is expected to turn to a downtrend. If it turns to a downtrend, it is expected to touch near the 29350.0-33101.0 section and rebound. For more details, if it falls at 45211.0, I'll tell you again. ---------------------------------------------- (BTC Dominance (BTC.D) 1D Chart) It is breaking off the downtrend line (3). Therefore, I think the period before touching the downtrend line (1) is important. I think the coin market is still in the price adjustment zone. It seems that it will have to go through a period of volatility in BTC price to see if it can escape from this price adjustment period. If the volatility period of BTC price starts early, it is expected from around April 25th, and the full-scale volatility period will be around April 28th-May 4th. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1D chart) 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. I think that in order for the coin market to improve, it must be resisted at least 2.541 points below the uptrend line (2). If it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend. No matter what analysis is used to explain the current market situation, the market trend can improve only when USDT dominance eventually declines. Therefore, if you enter the coin market with a brief rebound in the price adjustment flow, you are likely to suffer double losses. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
3
Bitcoin (BTC) - April 24 (Fast Volatility Period 24-26)Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (XBTUSD 1D chart) We have to see if we can get support and climb in the 48214.0-50752.0 range. 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 and climb the 45211.5 point. The next volatility period is around April 28th. (1h chart) Check the movement before and after the time indicated on the chart. We have to see if we can get support at 50752.0, deviating from the downtrend line (2) drawn on the D chart. Additionally, it remains to be seen if it can break above the downtrend line (3) drawn on the 1W chart and gain support at 57577.5-59029.0. Finally, in order to continue the uptrend, we need to see if we can break above the short-term downtrend line (1), breaking above the 57577.5-59029.0 interval. If it breaks above the short-term downtrend line (1), it is expected to rise to 60904.0-63442.0 in a'V' pattern. However, if it falls at 45211.0, it is expected to turn to a downtrend. If it turns to a downtrend, it is expected to touch near the 29350.0-33101.0 section and rebound. For more details, if it falls at 45211.0, I will tell you again. ---------------------------------------------- (BTCUSDT 1W chart) In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point. In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment. (1D chart) We have to see if we can get support and climb in the 48199.13-50736.52 section. 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. ------------------------------------ (BTCKRW 1W chart) If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend. You should watch for any movement that deviates from the 51798000-65800000 section. (1D chart) The volatility around April 25th (April 24-26) will have to watch for movements that deviate from the 51798000-61712000 range. Accordingly, if the period of volatility in BTC price begins quickly, it is likely from around April 25th. In particular, we have to see if we can gain support and ascend in the 56052000-58981000 range. If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch and climb 51798000 points. (Upbit BTCKRW 1D chart) ---------------------------------------- (BTC Dominance (BTC.D) 1D Chart) We must see if there is any movement that deviates from the downtrend line (3). If you deviate from the downtrend line (3), it is likely to touch the downtrend line (1). I think this may be a rebound for the sharp decline that began on March 31st. I think the coin market is still in the price adjustment zone. It seems that it will have to go through a period of volatility in the BTC price to see if it can escape from this price adjustment period. If the volatility period of BTC price starts early, it is expected from around April 25th, and the full-scale volatility period will be around April 28th-May 4th. The next volatility period on the BTC Dominance chart is around May 9. Therefore, I think it is likely around May 9 that we can see the direction of BTC dominance. -------------------------------------------------- (USDT Dominance (USDT.D) 1W chart) With a rise above 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 likely to turn into a downtrend. So, it remains to be seen if it can drop below the 2.541 point. It remains to be seen on the USDT Dominance Chart if the volatility around April 27 (April 26-28) leads to a 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)
BITMEX:BTCUSD.P
by readCrypto
3
Bitcoin (BTC) - April 23Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (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. ------------------------------------ (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. ---------------------------------------------- (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)
by readCrypto
2
Bitcoin (BTC) - April 22Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (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. ---------------------------------------------- (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. ------------------------------------ (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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC) - April 21Hello? 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)
by readCrypto
2
BTC CMEWill do it short : - BTC retraced 38.2% Fibo on CME - BTC retraced to 50% Fibo (50,000 ish On Exchanges, not on CME) - Nice gap to take back around 57,800-60,000 zones if we break down EMA50 ( Green EMA ) then we could see more bearish move to : - Fibo 68.2% : 47,000 - EMA100 : 43,000 support ( Orange EMA ) - EMA200 : 33,000 support ( Very strong support ) ( Red EMA + Very Big demand zone ) if we retraced already next target should be : - next TP 74k+ That said this retracement is logic. everything going up have to go down to reinforce before going up again. No need to panic. i used Chicago CME ( institutional players are here ) , so don't compare BTC price, it's different from Exchanges. Happy Tr4Ding !
CME:BTC1!Long
by thecryer
5
Bitcoin (BTC) - April 20Good morning? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (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) 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, you must first break off the downtrend line (2) and gain support and rise at 55828.0. The 52825.0-54962.5 section is an important support section. ---------------------------------------------- (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. ------------------------------------ (BTC Dominance (BTC.D) 1W chart) We'll see if we can get resistance at 53.20 and move down. Also, we need to see if it can decline along the short-term downtrend line (3). We'll have to see what's going on with the volatility around April 19th (April 18-20). 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. Altcoins are showing strong strength despite the weak BTC price. Currently, the prices of most altcoins are under a downward correction, but they are still bullish. This situation is contrary to the situation of altcoins, which weakened despite the strong BTC price last year. The flow of the coin market is changing rapidly. Accordingly, it seems unreasonable to try to apply the patterns of the past to the current flow. 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) It remains to be seen if the volatility around April 27 leads to a movement that deviates from the 2.088-2.473 range. In particular, it remains to be seen if it can decline along 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: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Is the island reversal of the CME bitcoin contract a bullish kil After CME, one of the last bull market killers, launched the contract, Bitcoin ended its bull market at $19,000 and entered a two-year bear market correction, with a range decline of more than 80% and countless copycats going to zero. Yesterday, the CME bitcoin contract opened, leaving a gap of more than $2,000 to jump, let the above five days of the K line, forming a "floating island." In the technical jargon of financial markets, a "floating island" is generally referred to as a market top or bottom, usually a reversal signal. So is this the start of a new bear market for bitcoin? In the stock market, generally determined 3 days not to cover the gap for the effective breakthrough. So there are gaps in both the daily and weekly lines. Since the speculative nature of the currency circle is far more than that of the stock market, I would like to use the 3-week K line as the standard, which may be more accurate. Of course, the gap is only a sign that we are looking at the market direction. The trend is more dependent on the MACD. If the weekly MACD dies and falls below MA18, then the gap will be significant.
CME:BTC1!
by peter-l
1