Bitcoin (BTC) - volatility period (day 2)

As it climbed above the 6688.5 point, the likelihood of being converted to an upward trend increased.

I touched 50 EMA on the 1D chart and got a downward adjustment.

You need to make sure you can get support at point 6784.

In addition, the role of the new uptrend line (1) was given.

"Pull back" pattern may appear from 6543 to 6688.5.

Today is the second day of volatility.

Today's main points are 7060 points and 6688.5 points.

Descriptions of the main points are shown on the chart.

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I think it is a good idea to stop trading and watch the trend during the period of large fluctuations from April 3rd (2nd to 4th).

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Most altcoins are affected by the flow of BTC and are gradually losing power.

In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.

Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.

USDT dominance chart.

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تعليق:

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last update

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Look with the BTC chart.

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Why is there so much USDT issuance?

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I couldn't get the idea that there might be an error in the USDT dominance chart.
We will talk to you about TradingView consultation tomorrow.

تعليق:

It was an error.