readCrypto

Bitcoin (BTC) - March 29

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
It is located in the important section of 5860 ~ 6543.

The upward trend line (1) must be supported.
Also, it must be absolutely supported at 5860.
If you don't get the support, you can fall below the 3430 point with the downturn.

Yesterday, we are getting support near the point where we need to get through and support our first crisis.

I think yesterday's support and today's support points or sections are very important.

It shows considerable movement in the 6283 ~ 6158.5 section.
We returned after dropping off the 6158.5 point twice.
If the third defense succeeds, it is expected to rise above 6283 (U-turn).

The "Pull back" pattern is unknown when in progress.
I think that depending on where you get the support, you'll know if it's a fall or a "pull back" pattern.

The most important points in your current location are points 6543 and 5860.
However, the 6204 point, located halfway between these two points, is an important point to predict the rise and fall.

Points to watch today are 6283 and 6158.5.

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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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Comment:

USDT Dominance is converging.

We need to see if it can fall around March 30th.

We believe that if the USDT dominance falls, you can start buying coins.
Comment:

1. I think it's best to see if today's closing price is generated above point 6204.
We believe that the point of transition to the final downtrend is the 5860 point and the uptrend line (1).

2. If you want to preserve some of the profits, divide and sell by seeing whether the candle in the next 4h chart is above the 6158.5 point (this is a conservative countermeasure).

3. If you fall below the 6057.5 point, make a split sale.
Comment:
You can decide among 3 methods.
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It is expected to start and rise as the gap falls.
A gap exists between 6310 and 6485.
We will post more details when it opens.

[Example of exchange chart setup]

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

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