To be supported is...

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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.

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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.

(USDT chart)
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(USDC chart)
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(BTC.D chart)
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(USDT.D chart)
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It seems that funds are continuously flowing into the coin market through USDT.

Therefore, the coin market is likely to remain in an uptrend.

However, since USDC is maintaining a downward trend, there is a possibility that the coin market's upward trend may be limited or a sharp decline may occur.

Any such restrictions or plunges are expected to serve to increase new buying.


BTC dominance touches around 48.80 and is declining.

The next period of volatility is around April 27th and we need to see if it touches around 46.76 and rises along the uptrend line.

The decline in BTC dominance can be interpreted as money being concentrated towards altcoins.

At this time, it is important to check whether BTC is supported or resisted at support and resistance points.


If USDT dominance declines, the coin market as a whole is likely to show an uptrend.

Whether it is an uptrend led by BTC or an altcoin can be known only by checking the movement of BTC dominance together.

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(BTCUSDT chart)
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(1W chart)
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Support and resistance points are forming at 30304.65.

So, the key is whether it can get support around 30304.65 and rise above 32259.90.

If not, you should check for support around 26574.53.



(1D chart)
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On the current chart, the volatility period is only around April 23rd.

Therefore, the period of volatility beyond April 23rd is not yet available.


Since the HA-High indicator on the 1D chart created at the 30184.24 point, it would be good to see support around 30184.24 until at least April 21st.

Support on the HA-High indicator means that it is likely to renew the recent highs, so a rise around 32259.90 is expected.

If it does not and is resisted, there is a possibility that it will basically fall to the vicinity of the HA-Low indicator, so you need to think about countermeasures against this.


As I said in the Market Cap chart analysis, since funds are continuously flowing into the coin market, we need to look at the chart from the perspective that it will maintain an upward trend.

However, if the price is holding above the MS-Signal indicator, you should try to find a time to split and sell.

Conversely, when it falls below the MS-Signal indicator, you should try to find a time to split and buy.


Even if the price is located above the MS-Signal indicator, when it shows support near the HA-Low, HA-High indicators or near important support and resistance points, you should think about whether you can make a profit by proceeding with aggressive buying.

It is better not to make such aggressive purchases unless you are comfortable with day trading.

This is because the psychological burden that begins as you proceed with the purchase can lead to trading in the wrong direction, turning what was in profit into a loss.

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(BTCKRW chart)
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The key is whether it can be supported around 39579000 and rise above 40674000.

If not, you should check for support around 37585000.


Since the 39579000 point is the point of the HA-High indicator on the 1D chart, it can be said that being supported at this point is likely to renew the previous high.

However, if resisted, it is basically possible to fall to the vicinity of the HA-Low indicator on the 1D chart, so you need to think about countermeasures against this.

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- big picture
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A full-fledged uptrend is expected to start when it rises above 29K.

This is the 81K-95K range that we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Заметка
(BTCUSDT chart)
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The HA-High indicator on the 1D chart is created at 30184.24 and is swinging up and down as it falls.

It is necessary to check whether it can be supported and ascended in the first support section, 28465.36-28923.63.

If it falls below the 1st zone, you need to check if it is supported around 26574.53, the 2nd support zone.


Since the MS-Signal indicator is formed around 28923.63, if it shows sideways around 28923.63, the width of the MS-Signal indicator will be reduced and it will look like it is about to turn into a downtrend.

Until you see the price turn into a bearish sign and see some resistance, you should see the trend as uptrend and think about how to counter it.

This is because there is a possibility of experiencing unexpected losses if you respond in advance to say otherwise.


Therefore, it is advisable to check the movement until April 20th.


Until the withdrawal of funds from the coin market is confirmed, there is a possibility that a new buying force will come in if the price declines, so an appropriate response is required.

However, since it rose above 28923.63, if it falls below 28923.63, it is recommended to check the turn.

This is because the 28465.36-28923.63 segment is the stop loss for the 32259.90-37253.81 segment.
Заметка
(BTCUSDT chart)
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It fell below the volume profile of 28465.36-28923.63.

Accordingly, it is necessary to check whether there is a movement outside the 27662.82--28923.63 section around the volatility period around April 23rd.

If not, you should check for support around 26574.53.


Since the HA-High indicator of the 1D chart is created at 30184.24 and is showing a downward trend, it is necessary to check whether the HA-Low indicator of the 1D chart rises and shows what it is trying to create.

If the HA-Low indicator appears to be moving and forming, it is possible that a new buyable zone will form.

If not, you need to check if it is supported or resisted at the existing critical support and resistance points.


The reason why the 1D, 1W, and 1M charts are shown separately is to show how the support and resistance points on the charts are constructed.

The order in which the roles of support and resistance points are strong is 1M > 1W > 1D chart.

However, since the 1D chart includes support and resistance lines drawn on the 1M and 1W charts, there are many lines.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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