Bitcoin (BTC) - May 11 (Variability Period-15)

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(BTCUSDT 1D chart)
We need to see if we can get support at 55811.30-56578.21 and climb along the uptrend line (3).

If it closes below 55811.30, you can touch the 48199.13-50736.52 section, so you need to trade carefully.

We have to see if we can get support from 57412.35-58352.80 and climb above 58968.31.

If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
However, you can touch and climb the 40586.96-45135.66 section, so you need to think about how to respond.

The volatility period on the BTCUSDT chart is up to May 12th.
Therefore, careful trading is necessary.


If you can't continue the rise by breaking above the important section of 60.886.07-63423.46, it will eventually fall.
So, you have to think about how to respond.

If it breaks above 60.886.07-63423.46 and continues its ascent, it is expected to re-orientate in the 78647.80-81185.19 section.

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(XBTUSD 1W chart)
snapshot
It is falling with no support above the 58464.0 point.
It remains to be seen if it can rise along the uptrend line (3) and rise above the 58464.0 point.
If it falls, it is likely to touch the 42084.0-45211.0 section.

(1D chart)
snapshot
On the XBTUSD chart, May 11 is the last volatility period.
Therefore, careful trading is necessary.

We need to see if we can get support at 55828.0-56641.5 and climb along the uptrend line (3).

If you go down at the 55828.0 point, you'll likely touch the 48214.0-50752.0 section, so you need to trade carefully.

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 40600.0-45211.5 section.

It remains to be seen if the center line can rise as the green of OBV on the volume indicator increases.
I think that the red color of OBV, which was a lot in the past, disappears, showing a flow to change to the green of OBV.
The green color of OBV stands for buyout.
Accordingly, it remains to be seen whether the market trend can turn from sell to buy.

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.

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(BTC Dominance (BTC.D) 1D Chart)
snapshot
We need to see if there is any movement that deviates from the 43.75-47.64 range due to volatility around the 9th-15th of May.
In particular, it remains to be seen if it can decline along the downtrend line (3).

We have to see if we can touch point 43.17, which was touched as a strange sign due to volatility around May 15th.

It remains to be seen if the CCI-RC indicator can fall below the downtrend line where the CCI line is drawn.

The possibility of a surge near the 43.17-43.75 section cannot be ruled out, so you need to look closely to see if it rises above the downtrend line (3).

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(USDT Dominance (USDT.D) 1D chart)
snapshot
Volatility occurred as it deviated from the downtrend line.

We'll see if we can get resistance in the 2.473-2.532 section and drop below the 2.345 point.
In particular, it remains to be seen if it can decline along the downtrend line.

On the CCI-RC indicator, it remains to be seen if the CCI line can touch the EMA line and fall below the drawn uptrend line.

The next volatility period is around May 24th.

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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)
Note
(BTCKRW 1D chart)
snapshot
Different BTC charts show different stable flows.

You should watch for movements that deviate from the 70694000-73622000 section between around the 10th and 19th of May.

If it falls, you need to make sure you get support in the 64246000-66007000 range.
If you fall in the 64246000-66007000 section, you can touch the 56052000-58981000 section, so you need to trade carefully.

If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss.
It is possible to touch the 47268000-51798000 section and go up, so you need to think about how to react to it.


If you're climbing from 73622000, you'll have to watch to see if it rises above 82407000.
You can touch and drop the 77706000-82407000 section, which was the previous high, so make sure to check if it rises above the 82407000 point.


(Upbit BTCKRW 1D chart)
snapshot
Note
(BTC Dominance (BTC.D) 1D chart)
snapshot
Careful trading is required.
Good luck.
Note
(ETH Dominance (ETH.D) 1W chart)
snapshot
We have to see if we can get support at 19.16 and rise above 21.37.

If the ETH dominance rises above 21.37 points, ETH will be more involved in the coin market trend than it is now.
Accordingly, I think it is highly likely to lead to a huge bull market.
Note
(CME Bitcoin (BTC1!) 1D chart)
snapshot
It started with a fall in the gap (55705.0-55690.0).
The volatility around May 11th (May 10th-12th) should be watched to see if there is any movement outside the 52040.0-63810 range.
In particular, it remains to be seen 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.

On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.

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(BAKKT Bitcoin (BTM1!) 1D chart)
snapshot
It started with an increase in the gap (55342.5-55852.5).
You should watch for any movement that deviates from the 54914.0-59893.5 segment.
If it falls in the 47444.5-49934.0 section, a Stop Loss is required to preserve profit and loss.
However, you can touch and climb the 46205.0 point, so you need to trade carefully.
Note
(Chart a few hours ago)
snapshot

(Current chart)
snapshot

A strange sign has occurred.
Movement outside the 43.75-47.64 range was seen in this strange sign.

Then, it is currently showing a downtrend along the downtrend line (3).

I think these strange signs occurred around the end of the volatility period, showing signs of getting out of the sideways zone.

(BTCUSDT 1D chart)
snapshot
Looking at the Binance BTC chart, we have to see if we can get support at 55811.30 and climb along the uptrend line (3).
The 55811.30 point is the midpoint of the 50736.52-60886.07, which is a sideways section.

(USDT Dominance (USDT.D) 1D chart)
snapshot
If you are below the uptrend line (1), you can see that it is moving sideways without significant fluctuations.

(ETH Dominance (ETH.D) 1D chart)
snapshot
It is rising, maintaining its dominance above 19.16.
If the ETH dominance rises above the 21.37 point, it is expected to rise to the 22.95-23.73 range.
This is expected to lead to a bigger altcoin bull market.
Note
(USDT 1D chart)
snapshot
It can be seen that from May 7th, no new funds are coming into the coin market.
However, there is no significant change in the ups and downs, so it cannot be seen that the money is being pulled out of the coin market.

We will re-publish when there is a change in the USDT chart.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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