Bitcoin (BTC) - March 23 (Variability Period-1)

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The volatility period began around March 24 (March 23-25).

Until around March 24th, it was expected that there would be volatility out of the 55828.0-60904.0 section after moving sideways.

However, I think the 54122.5-55828.0 and 59029.0-60904.0 sections are the sections where Fakes can appear.

Accordingly, to say that it has turned into a short-term downtrend, we need to see resistance at 54122.5-55828.0.

Conversely, in order to say that it has turned into a short-term uptrend, we need to see support in the 55828.0-60904.0 range.

If you decline in the 54122.5-55828.0 section, you can touch the 48214.0-50752.0 section or the uptrend line (8), so you need a short Stop Loss.

If it falls between 38225.0-40600.0, you need Stop Loss 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.
I think there must be an increase in trading volume in order to rise in the 60904.0-63442.0 range.


USDT dominance is increasing, while BTC dominance is falling.
It tells us that there is no fluctuation of altcoins due to BTC price volatility so far.
However, due to the restoration of the BTC price, there may be coins whose price cannot be restored among altcoins.
If you have these altcoins, I think it is necessary to check the points of support and resistance once again and respond appropriately.

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 not to lose double during the period of volatility by doing minimal trading.

This period of volatility can last up to around April 3-10.

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(BTCUSDT 1D chart)
Bitcoin (Binance) - March 23


We need to see if we can get support from 54087.67-55811.30 and climb along the uptrend line (8).

If you move down at 54087.67, 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.

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(BTC Dominance 1D Chart)
快照
The volatility around March 24 (March 23-25) will have to see if there is any movement that deviates from the 59.55-63.38 range.
In particular, you should watch for any movement that deviates between the downtrend line (3) and the uptrend line (1).
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.
Therefore, it is always a good idea to check if you are climbing above the 63.38 point.

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(USDT Dominance 1D Chart)
快照
We need to see if we can get resistance at 2.406 and move below the uptrend line (1).
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.


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** 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)
註釋
(CME Bitcoin (BTC1!) 1D chart)
快照
It started with a drop in the gap (55605.0-54665.0).
We have to see if we can get support and ascend at 53420.0.
If you fall between 49100-52040, you need a short stop loss.
註釋
(BAKKT Bitcoin (BTM1!) 1D chart)
快照
It started with a fall in the gap (55187.5-54850.0).
We have to see if we can get support and climb at the 54914.0 point.
If you move down from the 54914.0 point, you need a short stop loss.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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