Bitcoin (BTC) - May 5 (Variability Period-9)

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(BTCUSDT 1D chart)
We need to see if we can get support at 54087.67 and move up along the uptrend line (3).

You should watch for movement within the uptrend channels of the uptrend lines (3) and (4).

If it does not continue to rise after breaking above the critical section of 60.886.07-63423.46, it will eventually fall.
So, you have to think about how to respond.

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.

If it breaks above 60.886.07-63423.46 and continues its ascent, it is expected to re-orientate in the 78647.80-81185.19 section.

On the wRSI_SR indicator, the RS line fell below 80 points, showing a short-term downtrend.
At this point, you need to see where the BTC price is gaining support.

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(XBTUSD 1D chart)
لقطة
We must see if it can rise above the 55828.0 point by ascending along the uptrend line (3).
In particular, we have to see if we can get off the downtrend line.

You should watch for movement within the uptrend lines (3) and (4).
Accordingly, it remains to be seen if there is a move above the 63442.0 point in the movement until around May 10th.

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.

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 red of OBV on the volume indicator turns green and can increase.

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.

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(BTC Dominance (BTC.D) 1D Chart)
لقطة
We need to see if it can move down along 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 it is likely around May 9 that we can see the direction of BTC dominance.

We have to see if we can touch point 43.17, which was touched as a strange sign due to volatility around May 15th.

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(USDT Dominance (USDT.D) 1D chart)
لقطة
The volatility around May 5th (May 4th-May 6th) will keep an eye out for movements that deviate from 2.088-2.473.
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 important uptrend line (1).
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.

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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 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.
Hence, 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 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
(XBTUSD 1h chart)
(UTC) لقطة
Check the movement before and after the time indicated on the chart.
Check the location of section A and section B marked on the CCI-RC indicator.
It is difficult to say that section B has been completed, so check the location when it was completed.

If the BTC price doesn't fall in the 48214.0-50752.0 range, I think it's going sideways.

If it rises along the uptrend line (3) from this sideways, it is expected to lead to an uptrend.
ملاحظة
(CME Bitcoin (BTC1!) 1D chart)
لقطة
It started with a fall in the gap (54515.0-54365.0).
You should watch for any movement that deviates from the 52040.0-57925.0 segment.
In particular, it remains to be seen if it can climb along the uptrend line and rise above the 57925.0 point.

If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss.
If you do, you can touch the 46325.0 point and go up, so you need to trade carefully.

It remains to be seen if it can rise above the 57925.0 point in order to continue the uptrend.

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(BAKKT Bitcoin (BTM1!) 1D chart)
لقطة
It started with a fall in the gap (54772.5-53000.0).

You should watch for any movement that deviates from the 49934.0-59893.5 segment.
In particular, it remains to be seen if it can rise above the 54914.0 point.

If it declines at 47444.5, a Stop Loss is needed to preserve the profit and loss.
However, you can touch and climb the 46205.0 point, so you need to trade carefully.

We need to see if it can rise above the 55695.0 point in order to continue the uptrend.
ملاحظة
(USDT Dominance (USDT.D) 1D chart)
لقطة
On the CCI-RC indicator, it remains to be seen if the CCI line could fall below the EMA line.

Currently, USDT dominance is moving sideways, but is showing a gradual upward trend.
Accordingly, I think it is important to move the CCI line below the EMA line this time.

If the CCI line touches the EMA line and rises again this time, the BTC price is expected to fall further.

Accordingly, we believe there is a possibility that the XBTUSD chart will fall to the 48214.0-50752.0 range.

Therefore, it is recommended to check the market situation by comparing the movement of the CCI-RC indicator on the XBTUSD 1h chart above.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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