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(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.
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(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.
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(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.
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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)
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(ETH Dominance (ETH.D) 1W chart)
(1D chart) The coin market is rebounding again with the rise of ETH dominance on April 25th.
I don't know if it is due to the lack of liquidity in BTC, but I think it is increasingly determined by the movement of ETH dominance on critical days.
Accordingly, it is recommended to check the market trend by watching the BTC Dominance Chart, USDT Dominance Chart, and ETH Dominance Chart together.
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(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (54070.0-53370.0). It remains to be seen if it can rise above the 57925.0 point along the uptrend line. If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss. If you do, you can touch the 46325.0 point and go up, so you need to trade carefully.
It remains to be seen if it can rise above the 57925.0 point in order to continue the uptrend.
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a rise in the gap (53415.0-54064.0). We need to see if we can climb along the uptrend line and rise above the 55695.0 point.
If it declines at 47444.5, a Stop Loss is needed to preserve profit and loss. However, you can touch and climb the 46205.0 point, so you need to trade carefully.
We need to see if it can rise above the 58562.5 point in order to continue the uptrend.