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Bitcoin (BTC) - May 2 (Variability Period-6)

BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1D chart)
During the volatility period around April 28-May 4, we need to see if there is any movement that deviates from the 50752.0-60904.0 range.

It remains to be seen if the uptrend can continue as it breaks above the 57577.5-59029.0 interval.
If it falls, you need to make sure you get support at 55828.0.

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.

It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator.
If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary.


If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again.
So, you have to think about how to respond.


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

It remains to be seen if it can break above the 57577.5-59029.0 (59263.5) interval and climb along the short-term uptrend line (A).

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

The 52825.0-54962.5 section is a support section, which requires careful trading as you can touch and climb this section.

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(BTCUSDT 1M chart)

(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)
You should watch for any movement that deviates from 55811.30-60886.07.
In particular, it remains to be seen if we can succeed in breaking above the important section 57412.35-58968.31.

It remains to be seen if the uptrend can continue with support at 55811.30.

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 1M chart)

(1W chart)
If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend.
We need to see if we can get support at the 65800000 point and move up the uptrend line along (3) to break off the downtrend line.

(1D chart)
We have to see if we can get support and climb at the 68567000 point.

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

It remains to be seen if you can climb above the 70694000 point and break off the downtrend line (6).


(Upbit BTCKRW 1D chart)

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(BTC Dominance (BTC.D) 1D Chart)
We have to see if we can get below the 48.81 point.
In particular, it remains to be seen if it can fall below the downtrend line (3).

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)
You should watch for any movement that deviates from the 2.088-2.473 segment.
In particular, it remains to be seen if it can fall below the downtrend line (3).

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.

It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range.

The next volatility period is around May 5th (May 4th-May 6th).

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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: 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/
Disclaimer

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