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(BTCUSDT 1M chart) As we enter this month, it remains to be seen if the wRSI_SR indicator shows a downtrend with the RS line falling below 80 points.
(1W chart) If it falls, we need to see if it can rise along the uptrend line (3). In the wRSI_SR indicator, we must see if the RS line rises above the SR line and can continue the upward trend.
(1D chart) We have to see if we can get support above the 58968.31 point. In particular, it remains to be seen if it can rise above the 60886.07 point.
If it falls, you need to make sure you get support in the 57412.35-58352.80 range.
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 and climb the 40586.96-45135.66 section, so you need to think about how to respond.
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.
It remains to be seen if the green of OBV on the volume indicator can increase.
On the wRSI_SR indicator, we must see if the RS line can rise more than 80 points.
On the CCI-RC indicator, it remains to be seen if the CCI line can rise and rise more than 100 points with the EMA line. At this time, volatility can occur, so careful trading is necessary.
Putting together the volatility period on the BTC chart, we expect the volatility period to end between May 9-12. Volatility periods are periods of time that are likely to deviate from the sideways period and create a new wave. Accordingly, trading during volatility periods can lead to double losses, so you need to trade carefully.
The sidewalk section is 50736.52-60886.07. The midpoint of the sidewalk is at 55811.30.
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(XBTUSD 1W chart) It remains to be seen if it can rise along the uptrend line (3) and rise above the 58464.0 point for support.
It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases.
In the wRSI_SR indicator, we must see if the RS line can rise above the SR line and rise more than 50 points.
In the CCI-RC indicator, it remains to be seen whether the CCI line rises above the EMA line and continues to rise. If it does not fall below the drawn uptrend line, it is expected to turn to an uptrend.
(1D chart) We have to see if we can get support at 59029.0 and climb above 60904.0.
If it falls, we have to see if it gets support at 57577.5-58464.0
It is important whether it rises along the uptrend line (3) between around May 8-10.
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 40600.0-45211.5 section.
It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases.
On the wRSI_SR indicator, we must see if the RS line can rise more than 80 points.
On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line. In particular, we need to see if it can rise along the drawn uptrend line.
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(BTC Dominance (BTC.D) 1D Chart) We need to see if it can move down along the downtrend line (3).
We need to see if there is any movement that deviates from the 43.75-47.64 range due to volatility around the 9th-15th of May. In particular, it remains to be seen if it can decline along the downtrend line (3).
We have to see if we can touch point 43.17, which was touched as a strange sign due to volatility around May 15th.
It remains to be seen if the CCI-RC indicator can fall below the downtrend line where the CCI line is drawn.
The possibility of a surge near the 43.17-43.75 section cannot be ruled out, so you need to look closely to see if it rises above the downtrend line (3).
BTC dominance may rise due to rising BTC price. Accordingly, altcoins' prices may move sideways or fall.
If BTC dominance continues to rise, you should touch the 47.64-48.81 section and see if it falls.
(USDT Dominance (USDT.D) 1M chart) We've got resistance at 2.406 and we'll have to see if it can be lower. In particular, you have to watch to see if it moves along the uptrend line.
If money continues to flow into the coin market, if it moves along the uptrend line, I think the coin market is likely to be on an uptrend.
However, if it rises above the uptrend line, I think the coin market is likely to be in a downtrend.
(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 along the downtrend line and fall below the 2.088 point.
On the CCI-RC indicator, it remains to be seen if the CCI line can touch the EMA line and fall below the drawn uptrend line.
The next volatility period is around May 24th.
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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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(XBTUSD 1h chart) (UTC) Check the movement before and after the time indicated on the chart. We need to see if we can get support from 57577.5-59029.0 and climb above the 60904.0 point. In particular, we have to see if we can get support at 59029.0.
If it falls, the support range is 52825.0-54962.5, but we have to see if we can gain support and rise at 55828.0-56641.5.