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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).
It seems that the rise of major coins has begun. So, you need to be prepared for the new wave to come. The new wave can be a rising wave or a falling wave. (Personally, I'm expecting an upward wave.)
If major coins start pumping, the prices of general altcoins may move sideways or fall. Accordingly, I think it is good to check the support and resistance points of the general altcoins you have.
(Description of indicators of 1D chart) It remains to be seen if the green of OBV in the volume indicator increases. An increase in green means an increase in the buying force. Also, you need to see if the center line of the OBV rises.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line. If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
(BTCUSDT 1D chart) We need to see if we can get support at 58968.31 and move up along the uptrend line (8).
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.
The decline in trading volume continues. Accordingly, there is a possibility of sudden movement, so careful trading is necessary. It is not known how responsive altcoin price will be due to the rapid movement of BTC price, but if it falls below 57940.0 point, altcoin price is expected to respond.
(1h chart) Altcoins prices are expected to react at 57940.0 56355.14 and 54574.41 Accordingly, it is important to check the points of support and resistance of the altcoins you hold.
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(XBTUSD 1D chart) It remains to be seen if the volatility around April 3rd (April 2nd-4th) will cause any movement outside the 55828.0-60904.0 range. In particular, we have to see if we can rise above the 59029.0 point and gain support. We need to see if it can rise along the uptrend line (7).
If it falls, you need to make sure you get support at 54122.5-55828.0.
If it falls between 54122.5-55828.0, a short stop loss is required. 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.
(1h chart) The points at which altcoins' prices are expected to react are at 57976.5, 56304.5, and 54547.5.
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(BTC Dominance (BTC.D) 1D Chart) We have to see if we can get resistance and move lower in the 58.83-59.55 range.
I think the bull market for altcoins is when BTC dominance is below 63.38 points. Therefore, it is always a good idea to check if you are climbing above the 63.38 point.
As the downward trend of BTC dominance continues, a double loss due to a fake BTC price may occur, so careful trading is necessary.
(USDT Dominance (USDT.D) 1D chart) You should watch for any movement that deviates from 2.181-2.345. In particular, it remains to be seen if it can fall below the uptrend line (4).
The decline in USDT dominance is likely to lead to an upward trend in the coin market.
Bollinger Bands are converging. We have to see in which direction this convergence is broken. Accordingly, we have to watch if there is any movement that deviates from the 2.088-2.670 section.
The next volatility period is around April 27th. April is expected to be an important month on the USDT Dominance chart.
(1W chart) If you remove the gap section from the chart and look at it, you can see that the USDT dominance is located in the 1.266-1.654 section, which is an important section. Accordingly, if the actual chart rises above the 2.406 point or the uptrend line (1), the coin market is highly likely to turn into a downtrend.
** 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)
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