Bitcoin (BTC) - March 29 (Variability Period-7)

2021년 3월 28일

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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).

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(XBTUSD 1D chart)

We need to see if we can get support at 55828.0 and climb along the upward trend line.

If it falls, you need to make sure you get support at 54122.5-55828.0.

If it falls between 54122.5-55828.0, a short stop loss is required.
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 in the 38225.0-40600.0 range, a Stop Loss is required to preserve profit and loss.

(1W chart)


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(BTCUSDT 1D chart)

We need to see if we can get support at 55811.30 and climb along the uptrend line.

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.

(1W chart)


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(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.
Therefore, it is always a good idea to check if you are climbing above the 63.38 point.

If it falls below the downtrend line (3), BTC dominance is expected to fall to 50.
Accordingly, those who are investing in BTC should be aware of double losses due to fluctuations.

The next volatility period is around April 1-13.

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(USDT Dominance 1D Chart)

We must see if there is any movement outside the 2.345-2.406 range due to volatility around March 29th.
In particular, it remains to be seen if it can fall below the uptrend line (1).

If you are below the uptrend line (1), you are in a downtrend.
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 outside the 2.088-2.670 section.

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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)

2021년 3월 28일

노트

(CME Bitcoin (BTC1!) 1D chart)

It started with an increase in the gap (54060.0-55360.0).
We must see if we can ascend above the 57925.0 point.
If it falls, we need to see if we can gain support and move higher between 52040.0-53720.0.
If you fall in the 49100-52040 section, you need a short stop loss.

2021년 3월 28일

노트

(XBTUSD 1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
It is off of all three downtrend lines.
I believe that as you deviate from the downtrend line, expectations for an uptrend are increasing.
We must see if we can ascend above 56304.5 points.

2021년 3월 29일

노트

(XBTUSD 1h chart)
(UST)
Check the movement before and after the time indicated on the chart.
It is breaking above the 56304.5 point.
It remains to be seen if it can rise above the uptrend line.