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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).
The end of the volatility period for BTC is approaching. 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.
(XBTUSD 1D chart) It remains to be seen if it can break above the downtrend line and rise above the 59029.0 point. In particular, you need to make sure you can get support above the previous high of 58464.0 on the 1M chart.
If it falls, you need to make sure you get support at 57577.5.
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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(BTCUSDT 1D chart) It remains to be seen if it can break above the downtrend line and rise above the 58968.31 point. In particular, you need to make sure you can get support above the previous high of the 1M chart, at 58352.80.
If it falls, we need to make sure it is supported at 57412.35.
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.
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(BTC Dominance (BTC.D) 1D Chart) We have to see if we can get resistance at the critical point, 56.78. In particular, it remains to be seen if it can fall below the downtrend line (2).
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, it remains to be seen if it can fall below 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.
The rise of USDT dominance can lead to downward trend of BTC price and 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)
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(XBTUSD 1D chart)
Attempting to break above the 60904.0 point during the volatility period. Watch for the closing price around April 11th to generate above 60904.0.