readCrypto

Bitcoin (BTC) - April 6 (Variability Period-15)

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BITMEX:XBTUSD.P   Bitcoin
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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).


If you look at the BTC Dominance 1W chart, (www.tradingview.com/x/g9gOq2EW/)
Attempts are being made to get out of the 56.78-68.72 section where BTC dominance is important.

It remains to be seen how far we will get towards the point 43.17, a point that was caused by a strange symptom that occurred on October 31, 2020.

If BTC dominance falls, if you predict the movement of BTC price and proceed with the transaction, you may suffer double losses, so careful trading is necessary.

It is advisable to refer to the USDT dominance to see the trend of the coin market and the movement of the BTC price.
Also, it is recommended to refer to BTC Dominance to check the trend of altcoins.

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(XBTUSD 1D chart)
It remains to be seen if it can move above the 59029.0 point as it breaks off the downtrend line.

If it falls, you need to make sure you get support at 55828.0.

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 at 48214.0, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line (8) and rebound.


(1W chart)
(UTC) Check the movement before and after the time indicated on the chart.
To rise above the 60904.0 point, we have to see if we can keep the price above the downtrend line.

The M-Signal line on the 1D chart is rising to near the previous high of 54577.5 on the 1M chart.
If the price is maintained above the M-Signal line on the 1D chart, the short-term uptrend is expected to continue.

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(BTCUSDT 1D chart)
In particular, it remains to be seen if it can break off the downtrend line and rise to the 58968.31 point.

If it goes down, you need to make sure you get support at 55811.30.

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 falls at 48199.13, you need Stop Loss to preserve your profit and 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 below 56.78 points.
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.

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(USDT Dominance (USDT.D) 1D chart)
We'll see if we can get resistance at the uptrend line (4) and drop below the 2.181 point.
If it falls below the 2.088 point, the coin market is expected to have a new wave.
The next volatility period is around April 16th.

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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** 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 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)
コメント:
(CME Bitcoin (BTC1!) 1D chart)
It started with a fall in the gap (59840.0-59415.0).
We have to see if we can get support at 59335.0 and ascend towards 63810.0.
If you go down at 53720, you need a short stop loss.
コメント:
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with an increase in the gap (59515.0-60170.0).
We have to see if we can get support at 59893.5 and climb above 62383.0.
If you move down from the 54914.0 point, you need a short stop loss.
コメント:
(BTC Dominance (BTC.D) 1W chart)
Attempting to break below the critical point of 56.78.
It is a huge altcoin bull market.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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