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The volatility period began around March 24 (March 23-25). This volatility period can last up to around April 3-10.
This volatility period is expected to end as it deviates from the BTCUSDT chart (between 48199.13-50736.52 and 60886.07-63423.46) and the XBTUSD chart (between 48214.0-50752.0 and 60904.0-63442.0).
It remains to be seen if the volatility around March 31 (March 30-April 1) can rise along the uptrend line (8) and rise above the 58968.31 point.
If it falls, you need to make sure you get support in the 54087.67-55811.30 range.
If you fall between 54087.67-55811.30, you need a short stop loss. However, you need to trade carefully as you can go up by touching the 48199.13-50736.52 section or the uptrend line (5).
If you fall in the 38150.02-40586.96 section, you can touch the 30437.40-32974.79 section, so you need a Stop Loss to preserve profit or loss.
The OBV center line on the volume indicator is falling. It can be seen that the trading volume has decreased. As a result, fluctuations may increase, so careful trading is necessary. It remains to be seen if the buying trend increases as the green of the OBV increases.
In addition, it remains to be seen whether the CCI line breaks above the EMA line in the CCI-RC indicator. When the CCI line and EMA line meet, volatility may occur, so careful trading is required.
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(XBTUSD 1D chart) It remains to be seen if it can rise above the 59029.0 point by following the uptrend line (7).
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss. However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
(1W chart) The explanation of the secondary indicator below changes when the candle is closed, so you should first check the price and volume changes.
It remains to be seen if the OBV center line on the volume indicator can rise above 102.168B and maintain it. In particular, we have to watch the green increase.
On the wRSI_SR indicator, we must see if the RS line can rise by 50 or more.
We need to see if the CCI line rises on the CCI-RC indicator.
(BTC Dominance 1D Chart) You should watch for any movement that deviates between the downtrend line (3) and the uptrend line (1). In particular, we need to see if it falls along the downtrend line (5).
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.
As the downward trend of BTC dominance continues, a double loss due to a fake of the BTC price may occur, so careful trading is necessary.
(USDT Dominance 1D Chart) Due to volatility around March 29 (March 28-30), it fell below the 2.345 point and the uptrend line (1).
The decline in USDT dominance is likely to lead to an upward trend in the coin market.
Bollinger Bands are converging. We have to see in which direction this convergence is broken. Accordingly, we have to see if there is any movement that deviates from the 2.088-2.670 section.
The next volatility period is around April 27th. April is expected to be an important month on the USDT Dominance chart.
** 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)
ملاحظة
(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (58210.0-57940.0). We have to see if we can get support and climb at 57925.0. If you fall in the 49100-52040 section, you need a short stop loss.
We have to see if the red color of OBV on the volume indicator can decrease and turn green.
ملاحظة
(XBTUSD 1h chart) (UTC) Check the movement before and after the time indicated on the chart.
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