readCrypto

Bitcoin (BTC) - April 24 (Fast Volatility Period 24-26)

BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1D chart)
We have to see if we can get support and climb in the 48214.0-50752.0 range.

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

The next volatility period is around April 28th.


(1h chart)
Check the movement before and after the time indicated on the chart.

We have to see if we can get support at 50752.0, deviating from the downtrend line (2) drawn on the D chart.

Additionally, it remains to be seen if it can break above the downtrend line (3) drawn on the 1W chart and gain support at 57577.5-59029.0.

Finally, in order to continue the uptrend, we need to see if we can break above the short-term downtrend line (1), breaking above the 57577.5-59029.0 interval.

If it breaks above the short-term downtrend line (1), it is expected to rise to 60904.0-63442.0 in a'V' pattern.

However, if it falls at 45211.0, it is expected to turn to a downtrend.
If it turns to a downtrend, it is expected to touch near the 29350.0-33101.0 section and rebound.
For more details, if it falls at 45211.0, I will tell you again.

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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 the 45135.66-57412.35 segment.


(1D chart)
We have to see if we can get support and climb in the 48199.13-50736.52 section.

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.

The next volatility period is around April 28th.

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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)
The volatility around April 25th (April 24-26) will have to watch for movements that deviate from the 51798000-61712000 range.
Accordingly, if the period of volatility in BTC price begins quickly, it is likely from around April 25th.

In particular, we have to see if we can gain support and ascend in the 56052000-58981000 range.

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.


(Upbit BTCKRW 1D chart)

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(BTC Dominance (BTC.D) 1D Chart)
We must see if there is any movement that deviates from the downtrend line (3).

If you deviate from the downtrend line (3), it is likely to touch the downtrend line (1).
I think this may be a rebound for the sharp decline that began on March 31st.

I think the coin market is still in the price adjustment zone.

It seems that it will have to go through a period of volatility in the BTC price to see if it can escape from this price adjustment period.

If the volatility period of BTC price starts early, it is expected from around April 25th, and the full-scale volatility period will be around April 28th-May 4th.

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

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(USDT Dominance (USDT.D) 1W chart)
With a rise above 2.541 points, the coin market has entered a price adjustment period.
In order to turn into a full-fledged downtrend, it must rise above 2.842 points and receive support.
To expect a decline in USDT dominance, it must fall below the uptrend line (1).

(1D chart)
If it rises along the M-Signal line of the 1W chart, I think the coin market is likely to turn into a downtrend.
So, it remains to be seen if it can drop below the 2.541 point.

It remains to be seen on the USDT Dominance Chart if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 interval.

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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)

[Example of exchange chart setup]

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

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