readCrypto

Bitcoin (BTC) - April 28 (Variability Period-2)

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BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1D chart)
It remains to be seen if it can show a flow that rises above the 55828.0 point and breaks above the MS-Signal line.

The three sections, A, B, and C, showed a lot of rise, leading to an upward trend.
At this time, it broke all the MS-Signal lines upward and continued the upward trend.
The current D section is not.
Therefore, it remains to be seen if it can break above the MS-Signal line and continue the uptrend in the upcoming volatility period.

If it falls, you need to make sure you get support at 54122.5.
In particular, it remains to be seen if it can rise along the uptrend line (3).

If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch and climb the 45211.5 point.

(1h chart)
We need to see if we can get out of the critical segment 52825.0-54962.5.
In particular, it remains to be seen if it can rise above the 55828.0 point to break off the short-term downtrend line (1).

If you go outside the short-term downtrend line (1), there may be drastic movements and you need to trade carefully.

We need to see if we can release the force to break above the previous high, 57577.5-59263.5.

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(BTCUSDT 1W chart)
In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point.
In the week of May 3rd, we have to watch for movements that deviate from 45135.66-57412.35.

(1D chart)
We must see if we can climb above 55811.30 and get support.

If it falls, we need to make sure it is supported at 54087.67
In particular, it remains to be seen if it can rise along the uptrend line (3).

If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
However, you can touch the 45135.66 point and go up, so you need to trade carefully.


During the period of volatility (around April 28th-around May 4th), we should watch for any movement that deviates from the 50736.52-60886.07 range.

If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall.

If it does not fall in the 48199.13-50736.52 section, it will continue to move sideways in the 50736.52-60886.07 section.

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(BTCKRW 1W chart)
If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend.
You should watch for any movement that deviates from the 51798000-65800000 section.

(1D chart)
We'll have to see if we can get support by climbing above the previous high of 65800000.

If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch and climb 51798000 points.

In order to turn to an uptrend, it must break above the MS-Signal line.
In particular, it must be supported at the 68567000 point.


(Upbit BTCKRW 1D chart)

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(BTC Dominance (BTC.D) 1D Chart)
It remains to be seen if it can fall below the downtrend line (3).

We have to see if we can touch the 48.81 point around April 30th.

If BTC dominance goes up, we have to see if it can get resistance in the 53.20-56.78 range.
In particular, we have to touch the downtrend line (1) and see if it can go down.

The next volatility period on the BTC Dominance chart is around May 9.
Therefore, I think that it is likely around May 9 that we can see the direction of BTC dominance.

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(USDT Dominance (USDT.D) 1D chart)
It remains to be seen if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 range.

It remains to be seen if it can fall below the uptrend line (1).
The uptrend line (1) is an important uptrend line.
Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend.

However, if it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend.

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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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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: Market price at the time of opening
(Example) Gap (G1-G2)
Comment:
(CME Bitcoin (BTC1!) 1D chart)
It started with an increase in the gap (54790.0-55265.0).
It remains to be seen if it can rise above the 57925.0 point along the uptrend line.
If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss.
If you do, you can touch the 46325.0 point and go up, so you need to trade carefully.

It remains to be seen if it can rise above the 57925.0 point in order to continue the uptrend.

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(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a rise in the gap (53415.0-54064.0).
We must see if it can rise above the 55695.0 point by following the uptrend line.

If it declines at 47444.5, a Stop Loss is needed to preserve the profit and loss.
However, you can touch and climb the 46205.0 point, so you need to trade carefully.

We need to see if it can rise above the 58562.5 point in order to continue the uptrend.

[Example of exchange chart setup]

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

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

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