Bitcoin (BTC) - April 19

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(BTCUSDT 1W chart)
snapshot
Please refer to the description of the XBTUSD chart.

(1D chart)
Touched near the 50736.52 point and climbed above the 55811.30 point.
We have to see if we can get support at 55811.30 and climb above 58352.80.

If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.

The next volatility period is around April 28th.


The decline, which started on April 14th, has been down by up to -21% or more so far.
I don't think this decline has affected the overall trend of the coin market.

I don't think there is a need to find out for what reason this decline was seen.
I think it is efficient to understand the movement of your coins in the current situation and consider what kind of countermeasure trading to do.

It's a good idea to look at how much resilience compared to other coins the price rises from a sharp decline.
The slow resilience of the price is because the period of rise compared to other coins may be delayed, so trading on it must choose a direction.

It is good to decide the investment direction and continue investing according to the trend of the coin market.

However, if I do not trade according to the average unit price of the coin I am investing in, I will not be able to continue trading properly due to the psychological burden.

Therefore, it is necessary to always think about how to lower the average unit price of the coins you are investing in and trade in response to this.

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(XBTUSD 1W chart)
snapshot
Departing from the uptrend line (4), you touched the uptrend line (3).
We should see if the week of May 3 is rising along the uptrend line (3).
If the price remains above the 45211.0 point, BTC is expected to continue its upward trend.
Therefore, if it falls from 45211.0, I think there is a high possibility that it will turn into a downtrend.

If it moves downward from 45211.0 and turns to a downtrend, it is expected to gain support and rebound in the first rebound period, 29350.0-33101.0.
If this rebound does not lead to an increase above the 45211.0 point, it is expected to continue the downward trend.

(1D chart)
snapshot
We have to see if we can get support at 55828.0 and ascend above 58464.0.

If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss.

The next volatility period is around April 28th.


On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20, indicating a short-term uptrend.

Volatility occurred as the CCI line fell below 100 points on the CCI-RC indicator.
You need to see if the CCI line can touch the downtrend line drawn on the chart and rise above 100 points.
If the CCI line breaks above 100 points, there may be volatility, so careful trading is necessary.

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(BTC Dominance (BTC.D) 1W chart)
snapshot
We have to see if we can get resistance at 53.20 and move down.
Also, we need to see if it can decline along the short-term downtrend line (3).

We'll have to see what's going on with the volatility around April 19th (April 18-20).

We believe that the decline in BTC dominance is likely to lead to an upward trend in altcoins.
However, a large decline in BTC dominance can make it more likely that a fake will occur in the flow of BTC price, so trading by predicting the movement of BTC price may result in double losses.

Therefore, it is recommended to check the dominance chart (BTC, USDT) together with the BTC price chart.

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(USDT Dominance (USDT.D) 1D chart)
snapshot
It remains to be seen if the volatility around April 27 leads to a movement that deviates from the 2.088-2.473 range.
In particular, it remains to be seen if it can decline along the downtrend line (3).

We believe that the decline in USDT dominance is likely to lead to an increase in the BTC price and the price of the coin market.

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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.
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
(CME Bitcoin (BTC1!) 1D chart)
snapshot
It started with a decline in the gap (61980.0-57120.0).
We'll have to see if we can climb above the 57790.0 point for support.
If it falls between 49100.0-52040.0, Stop Loss is required to preserve profit and loss.

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(BAKKT Bitcoin (BTM1!) 1D chart)
snapshot
It started with a fall in the gap (63007.5-56500.0).
It remains to be seen if it can rise above the 58562.5 point along the uptrend line.
If it falls in the 47444.5-49934.0 section, a Stop Loss is required to preserve profit and loss.
Note
(XBTUSD 1h chart)
(UTC) snapshot
Check the movement before and after the time indicated on the chart.
It remains to be seen if it can break off the short-term downtrend line (2) and rise above the 58464.0 point for support.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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