Bitcoin (BTC)-April 20 (sideways in ambiguous position)
تم تحديثه
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As I said in the description of the CME BTC chart, I think it is currently located in ambiguous sideways.
Before April 10th, the MACD line rose above the zero point and the price was expected to rise, but it ended up failing.
At this time, the signal line did not rise above the zero point.
Both the current MACD and signal lines are rising above the zero point.
This is not to say that the price will surely rise.
However, you can see that the situation is different from before April 10th.
It has also escaped from the short-term descending channel, with prices forming above the downtrend line (1).
Although it is located just a short distance away, it is a point where you can drop at any time.
The coin market is currently waiting for something.
It could be waiting for the futures contract to expire this month, waiting for an announcement, or it could be Bitcoin Halving in May.
The day when the downtrend line (1) intersects the 7060 point is April 24th and if you are waiting for something, I think there is a possibility that the movement will come out after April 24th.
(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.
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(Expected trend from April to May)
The key point is whether you can gain support by rising above the downtrend line (3).
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(From April 9th)
From April 10th to April 17th (9th-18th), it is expected to be the most important period in the 7K range, and it is expected to be sideways.
In the middle, you need to check that you can touch or climb the 7757 point around April 14 (13-15).
If you touch or rise to point 7757 during this period, the trend check for the critical period ends.
You have to be cautious about trading as you will be in a critical period.
If possible, we recommend that you pause trading and check trends.
I think it's a period that requires only minimal trading to preserve your profits.
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(From April 7th)
The flow of 1 and 2 is very important.
However, you must get support at point 7060.
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(From April 5th)
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Accordingly, it is time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
-------------------------------------------------- ----
As I said in the description of the CME BTC chart, I think it is currently located in ambiguous sideways.
Before April 10th, the MACD line rose above the zero point and the price was expected to rise, but it ended up failing.
At this time, the signal line did not rise above the zero point.
Both the current MACD and signal lines are rising above the zero point.
This is not to say that the price will surely rise.
However, you can see that the situation is different from before April 10th.
It has also escaped from the short-term descending channel, with prices forming above the downtrend line (1).
Although it is located just a short distance away, it is a point where you can drop at any time.
The coin market is currently waiting for something.
It could be waiting for the futures contract to expire this month, waiting for an announcement, or it could be Bitcoin Halving in May.
The day when the downtrend line (1) intersects the 7060 point is April 24th and if you are waiting for something, I think there is a possibility that the movement will come out after April 24th.
(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.
-----------------------------------------
(Expected trend from April to May)
The key point is whether you can gain support by rising above the downtrend line (3).
------------------------------------------
(From April 9th)
From April 10th to April 17th (9th-18th), it is expected to be the most important period in the 7K range, and it is expected to be sideways.
In the middle, you need to check that you can touch or climb the 7757 point around April 14 (13-15).
If you touch or rise to point 7757 during this period, the trend check for the critical period ends.
You have to be cautious about trading as you will be in a critical period.
If possible, we recommend that you pause trading and check trends.
I think it's a period that requires only minimal trading to preserve your profits.
-----------------------------------------
(From April 7th)
The flow of 1 and 2 is very important.
However, you must get support at point 7060.
---------------------------------------------
(From April 5th)
-----------------------------------------
Accordingly, it is time to focus on selling rather than buying to preserve profits.
----------------------------------------
Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ملاحظة
USDT.D, TOTAL, TOTAL2 charts showing the flow of funds.
ملاحظة
It is falling near the RSI 50 point.
It is a bit ambiguous to apply RSI indicators because of the flow of funds, but USDT dominance is currently falling.
The point that can be considered as a definite downtrend is the drop below 3.04.
ملاحظة
The gaps arising from the CME exchange should be confirmed with the CME BTC chart.You should not try to substitute BTC charts for other exchanges.
ملاحظة
ملاحظة
You need to make sure it is going in the direction shown.
ملاحظة
It fell a lot more than I thought.
You have to make sure you get support in the section called Signals I made.
Support and resistance are based on a 1D chart.
If you sell when you fall from the S-L abbreviation point, you must respond by looking at the situation before the closing price of the 1D chart is generated.
ملاحظة
As I said in this analysis, I touched point 6946.
Fortunately, we are returning quickly.
I think there is a high likelihood of maintaining an upward trend unless you touch the 6854 spot.
However, if it falls below the 7060 point on the 24th of April, there may be a temporary rebound, but it is highly anticipated that it will turn into a downward trend.
If you fall from your current position, you expect it cannot rise before the Bitcoin Halving period.
If you get support in sections 6784-6854, as I said, a rebound is expected, but buying is not recommended.
Soon, I think it will turn to a downward trend and fall down there.
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