Bitcoin (BTC) - Trends expected on March 31 and April
Closing prices are expected above 1K EMA.
We need to make sure we can climb above the critical point 6543.
In addition, you must support 1K EMA.
In order to continue the expectation of the ascent, it must rise above the 6780.5 point.
The first target point, the downtrend line (3), is passing the 7060 ~ 7757 section.
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-Trends expected in and after April-
There are three downward trend lines.
It supports the downward trend line (1) and is currently rising.
The downtrend line (3) passes the 7060 ~ 7757 section.
To challenge the downtrend line (3), you must be supported above point 6543.
It's continuing a three-week rise, but hasn't been supported above the 6543 point (I'm talking about support on the 1W chart).
We need to make sure we can get support at 6543 this week.
If it goes down, it is possible to touch the downtrend line (1) again.
The downtrend line (2) is an important trend line in the medium term and is a trend line to see if it can rise in anticipation of the half-life of Bitcoin.
The week where the uptrend line (4) intersects the downtrend line (2) is expected to be after the Bitcoin half-life in the first week of June.
Therefore, it is conservatively expected to rise from 7757 to 8625.
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Most altcoins are affected by the flow of BTC and are gradually losing power.
In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.
Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.
USDT dominance chart.
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Even if it's annoying, please click "Like".
If you click "Like" a lot, we will update it immediately when there are any unusual features.
Thank you.
We need to make sure we can climb above the critical point 6543.
In addition, you must support 1K EMA.
In order to continue the expectation of the ascent, it must rise above the 6780.5 point.
The first target point, the downtrend line (3), is passing the 7060 ~ 7757 section.
----------------------------------------
-Trends expected in and after April-
There are three downward trend lines.
It supports the downward trend line (1) and is currently rising.
The downtrend line (3) passes the 7060 ~ 7757 section.
To challenge the downtrend line (3), you must be supported above point 6543.
It's continuing a three-week rise, but hasn't been supported above the 6543 point (I'm talking about support on the 1W chart).
We need to make sure we can get support at 6543 this week.
If it goes down, it is possible to touch the downtrend line (1) again.
The downtrend line (2) is an important trend line in the medium term and is a trend line to see if it can rise in anticipation of the half-life of Bitcoin.
The week where the uptrend line (4) intersects the downtrend line (2) is expected to be after the Bitcoin half-life in the first week of June.
Therefore, it is conservatively expected to rise from 7757 to 8625.
----------------------------------------
Most altcoins are affected by the flow of BTC and are gradually losing power.
In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.
Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.
USDT dominance chart.
----------------------
Even if it's annoying, please click "Like".
If you click "Like" a lot, we will update it immediately when there are any unusual features.
Thank you.
Comment:
The trend line of the second wave was created.
Comment:
Comment:
Last update today.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Update on the assumption that it will rise.
It is seen that the first wave has ended and the second sidewalk has started.
It seems that the third wave is about to come out, or if it falls below 1K EMA and falls to the Stop-Loss 6204 point.