The volatility period began around March 24 (March 23-25). This volatility period can last up to around April 3-10.
During the period of volatility, it is advisable to refrain from trading by prediction and check the movement at the point of support and resistance of the holding coins.
Accordingly, it is advisable to minimize trading to avoid double losses.
USDT dominance and BTC dominance are on the rise due to the falling BTC price. However, BTC dominance is still below the 63.38 point, so you need to watch the market situation.
If you trade by predicting which direction the BTC price is heading, it is a period of volatility that can cause losses due to fakes. Therefore, it is advisable to do minimal trading during volatility periods and avoid double losses.
This volatility period is expected to end as it deviates from the BTCUSDT chart (between 48199.13-50736.52 and 60886.07-63423.46) and the XBTUSD chart (between 48214.0-50752.0 and 60904.0-63442.0).
The volatility period can last up to around 3-10 days of April.
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If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss. However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls in the 38225.0-40600.0 range, a Stop Loss is required to preserve profit and loss.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we have to see if the CCI line and the EMA line can intersect.
If it rises to the 60904.0-63442.0 section, BTC is expected to set its direction again.
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(BTCUSDT 1D chart) If you fall between 54087.67-55811.30, you 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 you fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a Stop Loss to preserve profit or loss.
It remains to be seen if the center line can rise as the green buying trend of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we have to see if the CCI line and the EMA line can intersect.
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(BTC Dominance 1D Chart) The volatility around March 24th (March 23-25) will have to see if there is any movement that deviates from 59.55-63.38. In particular, you should watch for any movement that deviates between the downtrend line (3) and the uptrend line (1).
(1W chart) We must see if we can get resistance at 61.91 and move below the uptrend line (1). In particular, it remains to be seen if it can fall below the downtrend line (3).
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 1D Chart) We need to see if there is any movement that deviates from the 2.088-2.670 section, which is the currently formed box section. In particular, we need to see if we can get resistance at the M-Signal line of the 1W chart. If it rises above the M-Signal line on the 1W chart, there is a high likelihood that it will turn into an uptrend, so careful trading is necessary.
(1W chart) It remains to be seen if it can fall below the uptrend line (1), an important trend line. If you are below the uptrend line (1), you are in a downtrend. The decline in USDT dominance is likely to lead to an upward trend in the coin market. The next volatility period is around March 29th.
** 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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(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (54645.0-54015.0). We need to see if we can get support and climb in the 52040.0-53720.0 range. If you fall in the 49100-52040 section, you need a short stop loss.
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(XBTUSD 1h chart) (UTC) Check the flow before and after the time indicated on the chart. In particular, we need to see if we can ascend to the support section of 52825.0-54962.5. We have to see if we can get off the three downtrend lines.