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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 and 60886.07-63423.46) and the XBTUSD chart (between 48214.0-50752.0 and 60904.0-63442.0).
It is necessary to check the support and resistance points of altcoins, and trade corresponding to the target point or Stop Loss point set by you.
When the BTC price goes sideways, we have to see how much the coin's price recovers.
If you trade only by looking at the movement of the BTC price, you will see double losses. Accordingly, it is necessary to check the trend of the coin market with the movement of the USDT dominance chart, and the trend of the altcoins with the movement of the BTC dominance chart.
(BTCUSDT 1W chart) We'll have to see if it can close above the 58352.80 point. The 58352.80 point is the previous high on the 1M chart. In particular, it remains to be seen if it can rise along the uptrend line. If it falls, you can touch the 45135.66 point, so you need to trade carefully.
(1D chart) We have to see if we can quickly ascend to the 58968.31 point. If it falls, you need to make sure you get support at 55811.30.
If you fall between 54087.67-558811.30, 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 it falls from the 4.586.96 point, a Stop Loss is needed to preserve the profit and loss.
It remains to be seen if the red of OBV on the volume indicator turns green and can increase. Also, we need to see if the center line can rise as the green of the OBV increases. If the center line rises as the red of the OBV increases, the BTC price will plummet, so careful trading is necessary.
On the wRSI_SR indicator, the RS line fell at the 80 point, showing a short-term downtrend. At this point, you need to see where the BTC price is gaining support.
On the CCI-RC indicator, we must see if the CCI line can rise as it crosses the EMA line. If the CCI line falls below 100 points, volatility may occur, so careful trading is necessary.
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(XBTUSD 1W chart) You'll have to watch for closings above 58464.0. The 58464.0 point is the previous high on the 1M chart. You also need to see if you can move up along the uptrend line. If it falls, you can touch the 45211.0 point, so you need to trade carefully.
(1D chart) You should watch for any movement that deviates from the 55828.0-60904.0 segment. In particular, we have to see if we can rise above the 59029.0 point and gain support.
If it falls, you need to make sure you get support at 55828.0.
If you decline in the 54122.5-55828.0 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 40600.0 point, you need a Stop Loss to preserve profit or loss.
(1h chart) (UTC) Check the movement before and after the time indicated on the chart. The points at which altcoins' prices are expected to react are at 57976.5, 56304.5, and 54547.5. Therefore, it is important to check the support and resistance points of the altcoins you hold.
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(BTC Dominance (BTC.D) 1D Chart) I think the bull market for altcoins is when BTC dominance is below 63.38 points. Therefore, it is always a good idea to check if you are climbing above the 63.38 point.
It remains to be seen if the volatility around April 6th (April 5-7) causes any movement that deviates from the 56.78-59.55 range.
(USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from 2.181-2.345. In particular, we have to see if we can get resistance and fall at the uptrend line (1). It is rising along the uptrend line (4). Accordingly, it is expected that volatility will occur in the near future. (Before April 16th)
(1W chart) If you remove the gap section from the chart and look at it, you can see that the USDT dominance is located in the 1.266-1.654 section, which is an important section.
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If you look at the charts of most major coins, it has either risen near the previous high or is exceeding the previous high.
These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K. However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.
Currently, BTC is in the period of volatility, and the coin market is in the overheating zone. In such a market situation, if you enter as the price rises, the rate of return may be negative.
The coin price is recording positive, but the yield of the coin I bought is negative. Therefore, if you are not familiar with day-to-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some 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 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 published by oh92. (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)
註釋
(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (59615.0-58550.0). We have to see if we can get support at 57925.0 and climb above 59335.0. If you go down at 53720, you need a short stop loss.
註釋
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a fall in the gap (59515.0-59227.5). It remains to be seen if it can quickly rise above 59893.5 points. If it falls, it remains to be seen if it gains support at 54914.0. If you move down from the 54914.0 point, you need a short stop loss.