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It remains to be seen if the XBTUSD chart (60904.0-63442.0) and the BTCUSDT chart (60886.07-63423.46) can gain support and rise.
I think the trading volume needs to increase in order for BTC price to gain support above XBTUSD chart (60904.0 point), BTCUSDT chart (60886.07 point) and above. Accordingly, BTC dominance is expected to rise, so altcoins' prices may move sideways or fall. I think it is good to check the support and resistance points of the altcoins you have.
If supported in the current section, it is expected to lead to a movement to create a new wave.
Therefore, if the XBTUSD chart (63442.0 points) and BTCUSDT chart (63423.46 points) break upward and rise, it is expected to touch the XBTUSD chart (71056.0 points) and the BTCUSDT chart (71035.63 points).
(XBTUSD 1D chart) We need to see if we can get support at 60904.0-63442.0 and move up along the uptrend line (7).
If you decline at 57577.5, you need a short stop loss. However, you can touch the 55828.0 point and go up, so you need to trade carefully.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line and continue the uptrend. If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
The next volatility period is around April 28th.
(1h chart) (UTC) Check the movement before and after the time indicated on the chart.
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(BTCUSDT 1D chart) We have to see if we can get support and climb in the 60886.07-63423.46 section.
If you decline at 57412.35, you need a short stop loss. However, you can touch the 55811.30 point and go up, so you need to trade carefully.
The next volatility period is around April 28th.
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(BTC Dominance (BTC.D) 1D Chart) It remains to be seen if the volatility around April 13th (April 12-14) leads to a movement that deviates from the 54.97-56.78 range.
I think the bull market for altcoins is when BTC dominance is below 63.38 points. Accordingly, it is always a good idea to check if you are climbing above the 63.38 point.
** 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)
Catatan
(CME Bitcoin (BTC1!) 1D chart) It started with a rise in the gap (63685.0-63885.0). We have to see if we can get support at the 63810.0 point. You also have to see if you can go up along the uptrend line. If it falls from the 57925.0 point, a short stop loss is required.
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a drop in the gap (60480.0-60385.0). We have to see if we can get support and ascend at 62383.0. If it falls from the 58562.5 point, a short Stop Loss is required.
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