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Bitcoin (BTC) - April 26 (Fast Volatility Period 24-26)

BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1D chart)
We have to see if we can get support and climb in the 48214.0-50752.0 range.

If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss.
However, you can touch the 45211.5 point and climb, so you need to trade carefully.

The next volatility period is around April 28th.

If it falls in the 48214.0-50752.0 section, it is the next section, 30448.0-32986.0.
Therefore, there is a possibility that it will move sideways between 32986.0-48214.0.

This sideways section can be further divided into 32986.0-40600.0 section and 40600.0-48214.0 section.
So, you have to touch the 40600.0-45211.0 section and see if you can climb.

In order to turn to an uptrend, the bookmaker must essentially deviate from the downtrend lines (5) and (6).


It remains to be seen if the red color of OBV on the volume indicator decreases.

On the wRSI_SR indicator, we must see if the RS line can rise more than 20 points.

On the CCI-RC indicator, we need to touch the downtrend line with the CCI line drawn and see if it can rise.
If the CCI line crosses the -100, 0, 100 points or crosses the EMA line, volatility may occur, so careful trading is required.

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(BTCUSDT 1W chart)
In order to continue the uptrend on the 1W chart, the price must remain above the 45135.66 point.
In the week of May 3rd, we have to watch for movements that deviate from the 45135.66-57412.35 segment.


(1D chart)
We have to see if we can get support and climb in the 48199.13-50736.52 section.

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.

The next volatility period is around April 28th.

It remains to be seen if there may be any movements that deviate from the short-term downtrend line (5).

If you do not deviate from the downtrend lines (5) and (6), you will eventually fall.

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(BTCKRW 1W chart)
If the price remains above the 51798000 point on the 1W chart, it is expected to continue the upward trend.
You should watch for any movement that deviates from the 51798000-65800000 section.


(1D chart)
The volatility around April 25th (April 24-26) will have to see if there is any movement that deviates from the 51798000-64837000 range.
In particular, it remains to be seen if it can rise above 61712000 points.

If it falls, we have to see if we can gain support and rise in the 56052000-58981000 range.

If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch and climb 51798000 points.


(Upbit BTCKRW 1D chart)

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(BTC Dominance (BTC.D) 1D Chart)
It remains to be seen if it can fall below the downtrend line (3).

If it doesn't fall below the downtrend line (3), it will eventually rise.
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.

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(USDT Dominance (USDT.D) 1W chart)
If it closes by rising above 2.842 points, it is possible to touch the 2.97-3.374 section.

(1D chart)
It remains to be seen if the volatility around April 27 (April 26-28) leads to a movement that deviates from the 2.406-2.842 range.

I think that in order for the coin market to improve, it must be resisted at the point of at least 2.541 below the uptrend line (2).

If it rises above 2.842 points, I think the coin market is highly likely to turn into a downtrend.

No matter what analysis is used to explain the current market situation, the market trend can improve only when USDT dominance eventually declines.
Therefore, if you enter the coin market with a brief rebound in the price adjustment flow, there is a high possibility of double loss.

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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 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)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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