Bitcoin (BTC), BTC.D, USDT.D - March 18
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
The 42084.0-47010.0 section is a support section for creating a new wave.
27650.0-33101.0 section: strong support section
To transition into an uptrend, the price must rise above 42084.0 to hold the price.
However, as the 60SMA is located near 47010.0, it is expected that it will take some more time for it to lead to an uptrend.
If it falls below the 37265.0 point, there is a possibility that it will move towards the 32290.5 point.
In the medium term, the next period of volatility is the week that includes May 9th.
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(BTC.D 1W + USDT.D 1D chart)
In order for the coin market to show an upward trend,
1. If the BTC price shows a leading rise
From a long-term perspective, BTC price is on an upward trend.
However, since the price has been falling for more than three months, it cannot be regarded as an upward trend from a short-term or medium-term perspective.
Therefore, it is expected that BTC price should rise above 46K-49K to continue the upward trend.
So, I think BTC dominance should show an upward trend until the BTC price rises around 46K-49K.
Therefore, BTC dominance is expected to rise near the 48.81 point and then decline again.
2. When the ETH (altcoin) price shows a leading rise
There are times when the price of ETH rises predominantly or the altcoin rises first, leading to a flat or gradual rise in the price of BTC.
In this case, it is expected that the price increase of the coin market will move slowly.
In all of the above cases, for the coin market to show an uptrend, the USDT dominance must show a downtrend.
Therefore, it is important to lead to a downward movement below the uptrend line (1) during the volatility period of USDT dominance around March 26 - around April 7.
A full-fledged downtrend in USDT dominance is expected to begin with a fall below 4.158.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
The 42084.0-47010.0 section is a support section for creating a new wave.
27650.0-33101.0 section: strong support section
To transition into an uptrend, the price must rise above 42084.0 to hold the price.
However, as the 60SMA is located near 47010.0, it is expected that it will take some more time for it to lead to an uptrend.
If it falls below the 37265.0 point, there is a possibility that it will move towards the 32290.5 point.
In the medium term, the next period of volatility is the week that includes May 9th.
------------------------------------------------------------ ------------
(BTC.D 1W + USDT.D 1D chart)
In order for the coin market to show an upward trend,
1. If the BTC price shows a leading rise
From a long-term perspective, BTC price is on an upward trend.
However, since the price has been falling for more than three months, it cannot be regarded as an upward trend from a short-term or medium-term perspective.
Therefore, it is expected that BTC price should rise above 46K-49K to continue the upward trend.
So, I think BTC dominance should show an upward trend until the BTC price rises around 46K-49K.
Therefore, BTC dominance is expected to rise near the 48.81 point and then decline again.
2. When the ETH (altcoin) price shows a leading rise
There are times when the price of ETH rises predominantly or the altcoin rises first, leading to a flat or gradual rise in the price of BTC.
In this case, it is expected that the price increase of the coin market will move slowly.
In all of the above cases, for the coin market to show an uptrend, the USDT dominance must show a downtrend.
Therefore, it is important to lead to a downward movement below the uptrend line (1) during the volatility period of USDT dominance around March 26 - around April 7.
A full-fledged downtrend in USDT dominance is expected to begin with a fall below 4.158.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Catatan
Catatan
(BTCUSDTPERP 1h Chart)(UTC)
In order to break out of the bottom section, it is necessary to confirm that it is rising with support near the M-Signal of the 1D chart.
1st support section: 40189.4-40417.9
2nd support section: 39137.9-39642.8
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