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The volatility period has ended. However, there was no movement in the expected section.
Accordingly, there is a possibility of a sideways movement until around April 28th. I think that the section of this sideways movement is likely to be the XBTUSD chart (57577.5-60904.0 section) and the BTCUSDT chart (57412.35-60886.07 section).
However, it may fall along the downtrend line, so you need to trade carefully. If it does not fall below the downtrend line and falls along the trend line, it is expected to lead to an uptrend.
(XBTUSD 1W chart) It remains to be seen if we can gain support and continue the uptrend between 57577.5-58464.0. You need to watch the movement as a steep rise could change the uptrend line.
It remains to be seen whether the green increase of OBV in the volume indicator and the upward trend of the center line can continue.
On the wRSI_SR indicator, we have to see if the RS line can rise above the SR line by more than 50 points. We have to see if we can continue the upward flow.
It remains to be seen whether the CCI line could turn upward on the CCI-RC indicator. If the CCI line and EMA line intersect, volatility may occur, so careful trading is necessary.
The 45211.0 and 29350.0-33101.0 intervals are important inflection intervals. Therefore, if you go through this interval, there is a high possibility of volatility.
(1D chart) During the period of volatility, it rose above the 60904.0 point and fell without support.
It is expected that a retry to rise above the 60904.0 point will come in the near future. To do that, you need to be supported at 58464.0 or higher.
If it falls below the downtrend line (7), 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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(BTCUSDT 1W chart) If it gains support in the 57412.35-58352.80 range, the uptrend is expected to continue. However, it is possible to move up by changing the uptrend line, so you need to watch the movement. If you go down at 45135.66, there is a high probability of a downtrend and you need to trade carefully.
(1D chart) Attempts were made to break above the 60886.07 point, but fell without receiving support. Accordingly, it is expected that there will be a retry in the near future.
I think it is necessary to increase the trading volume to rise above 60886.07. It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
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 does not fall below the downtrend line (7) and falls along the trend line, it is highly likely to lead to an uptrend.
The next volatility period is around April 28th.
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(BTC Dominance (BTC.D) 1D Chart) It remains to be seen if the volatility around April 13th (April 12-14) leads to a movement that deviates from the 54.97-56.78 range.
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.
** 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 shown on the chart.
In a matter of hours, variability can occur as the rising and falling trend lines intersect. At this point, we have to wait and see which trend line it is moving along.
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(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (58760.0-60000.0). We have to see if we can get support at 59335.0 and rise above 63810.0. If it falls from the 57925.0 point, a short stop loss is required.
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (58525.0-60637.5). We have to see if we can get support at 59893.5 and climb above 62383.0. If it falls from the 55695.0 point, a short stop loss is required.
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(XBTUSD 1h chart) (UTC) Check the movement before and after the time indicated on the chart. Attempting to break above the 60904.0 point.