Bitcoin (BTC) - May 3 (Variability Period-7)

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(BTCUSDT 1W chart)
снимок
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)
You should watch for any movement that deviates from 55811.30-60886.07.

We'll have to see if we can get support at 55811.30 and climb to 60886.07-63423.46.

You should watch for movement within the uptrend channels of the uptrend lines (3) and (4).

If it is not able to continue the uptrend by breaking above the 60.886.07-63423.46 section, it will eventually fall.
So, you have to think about how to respond.

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.

Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 11th.

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(XBTUSD 1D chart)
снимок
During the volatility period around April 28-May 4, we need to see if there is any movement that deviates from the 50752.0-60904.0 range.

In particular, you should watch for movement within the uptrend lines (3) and (4).

Accordingly, it remains to be seen if there is a move above the 63442.0 point in the movement until around May 10th.

If it doesn't rise in the 60904.0-63442.0 range, it will eventually fall again.
So, you have to think about how to respond.


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

It remains to be seen if the CCI line can rise by more than 100 points on the CCI-RC indicator.
If the CCI line crosses 100 points or the EMA line, volatility may occur, so careful trading is necessary.

Due to the correction of the trend line, the volatility period has been changed from around May 4th to around May 10th.

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(BTC Dominance (BTC.D) 1D Chart)
снимок
We have to see if we can get below the 48.81 point.
In particular, it remains to be seen if it can fall below the downtrend line (3).

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 that it is likely around May 9 that we can see the direction of BTC dominance.

You'll have to see if you can touch the 43.17 point you touched as a strange sign.

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(USDT Dominance (USDT.D) 1D chart)
снимок
You should watch for any movement that deviates from the 2.088-2.473 segment.
In particular, it remains to be seen if it can fall below the downtrend line (3).

It remains to be seen if it can fall below the important uptrend line (1).
Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend.

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

It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range.

The next volatility period is around May 5th (May 4th-May 6th).

The EMA line is rising on the CCI-RC indicator and the CCI line is rising along the EMA.
It remains to be seen if the CCI line could fall below the EMA line.

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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)
Заметка
(CME Bitcoin (BTC1!) 1D chart)
снимок
It started with a fall in the gap (57315.0-56985.0).
We have to see if we can rise above the 57925.0 point for support.
If it falls, we need to see if it can rise along the uptrend line.

If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss.
If you do, you can touch the 46325.0 point and go up, so you need to trade carefully.

It remains to be seen if it can rise above the 57925.0 point to continue the uptrend.

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(BAKKT Bitcoin (BTM1!) 1D chart)
снимок
It started with a fall in the gap (56985.0-56957.5).
You should watch for any movement that deviates from the 54914.0-59893.5 segment.
In particular, it remains to be seen if it can rise above the 58562.5 point.

If it falls, we need to see if we can get support at 55695.0 and move up along the uptrend line.

If it declines at 47444.5, a Stop Loss is needed to preserve the profit and loss.
However, you can touch and climb the 46205.0 point, so you need to trade carefully.

We need to see if it can rise above the 58562.5 point in order to continue the uptrend.
Заметка
(XBTUSD 1h chart)
(UTC) снимок
Check the movement before and after the time indicated on the chart.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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