Bitcoin (BTC) - March 28 (Variability Period-6)
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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).
Despite the falling BTC price, BTC dominance did not rise, but either sideways or declined.
It can be seen that the coin market does not react significantly to the movement of the BTC price until there is a sharp fluctuation in the BTC price.
BTC's price may be too high to lead to this movement, but I think this is a new pattern as this is a new trend.
Accordingly, it is necessary to prevent double losses by proceeding with trading that matches the average unit price of the coins you own rather than checking the market flow by applying the existing pattern formula.
The coin market maintains the bull market for altcoins.
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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.
In order for the flow of section A to come out, it must be supported and rise from the 54087.67-55811.30 section.
It remains to be seen if the center line can rise as the green buying trend of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
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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 you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
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 between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
You have to see if the flow of section A is the same.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate.
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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.
Accordingly, 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)
It remains to be seen if it can fall below the uptrend line (1), an important trend line.
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.
The next volatility period is around March 29th.
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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)
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------------------- -----
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).
Despite the falling BTC price, BTC dominance did not rise, but either sideways or declined.
It can be seen that the coin market does not react significantly to the movement of the BTC price until there is a sharp fluctuation in the BTC price.
BTC's price may be too high to lead to this movement, but I think this is a new pattern as this is a new trend.
Accordingly, it is necessary to prevent double losses by proceeding with trading that matches the average unit price of the coins you own rather than checking the market flow by applying the existing pattern formula.
The coin market maintains the bull market for altcoins.
-------------------------------------------------- ---------
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.
In order for the flow of section A to come out, it must be supported and rise from the 54087.67-55811.30 section.
It remains to be seen if the center line can rise as the green buying trend of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
----------------------------------------
(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 you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
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 between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
You have to see if the flow of section A is the same.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate.
--------------------------------------
(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.
Accordingly, 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.
--------------------------------------------------
(USDT Dominance 1D Chart)
It remains to be seen if it can fall below the uptrend line (1), an important trend line.
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.
The next volatility period is around March 29th.
-------------------------------------------------- -------------------------------------------
** 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)
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Other content (coins, stocks, etc.) is frequently posted on X.
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