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The volatility period began around March 24 (March 23-25). This volatility period can last up to around April 3-10.
This volatility period is expected to end as it deviates from the BTCUSDT chart (between 48199.13-50736.52 or 60886.07-63423.46) and the XBTUSD chart (between 48214.0-50752.0 or 60904.0-63442.0).
It is the last day of the volatility period of BTC. Accordingly, we have to watch to see if we can touch the section described above.
You have to watch the market situation until the closing price on April 11th.
(BTCUSDT 1D chart) We need to see if we can get support from 58352.80-58968.31 and climb above 60886.07
If it falls, we need to touch the short-term downtrend line and see if it can rise.
If you fall in the 558811.30 section, you will need a short stop loss. However, you need to trade carefully as you can go up by touching the 48199.13-50736.52 section or the uptrend line (5).
If it declines at 48199.13, you need a Stop Loss to preserve profit or loss. However, you need to trade carefully as you may touch the uptrend line and rebound.
It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases. It is expected that it will rise above the 60886.07 point only after it breaks through the decline in trading volume.
On the wRSI_SR indicator, before the RS line fell below 20, it changed direction and rose more than 50. It remains to be seen if this could lead to a rise in BTC prices.
On the CCI-RC indicator, the CCI line is still in a precarious position. If the CCI line falls below 100 points, or if it breaks above the EMA line, volatility can arise and you need to trade carefully.
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(XBTUSD 1D chart) It touched above the 60904.0 point, but fell without receiving support. However, it makes sense that it is off the short-term downtrend line.
If you get support above the 58464.0 point, we're expecting an attempt to climb above the 60904.0 point in the near future.
If it falls, we need to touch the short-term downtrend line and see if it can rise.
If it falls in the 55828.0 section, a short Stop Loss is required. However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (1).
If it falls from the 45211.0 point, a Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch the uptrend line (8) and rebound.
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(BTC Dominance (BTC.D) 1D Chart) You should watch for any movement that deviates from the 54.97-56.78 segment.
I think the bull market for altcoins is when BTC dominance is below 63.38 points. Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
(USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from the 2.088-2.473 segment. In particular, we have to see if we can get resistance and fall at the uptrend line (4).
The next volatility period is around April 16th.
Although it is moving sideways between 2.088-2.473, the low is rising. Therefore, it is important to get resistance by falling below the 2.181 point.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
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(XBTUSD 1h chart) (UTC) Check the movement before and after the time indicated on the chart. In order to climb above the 60904.0 point, we have to see if we can get support at the 60260.0 point.