Bitcoin (BTC) - April 20

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(XBTUSD 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.

On the CCI-RC indicator, we 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.


(1h chart)
Check the movement before and after the time indicated on the chart.

It is important to break above the 57577.5-59029.0 interval and deviate from the short-term downtrend line (1) in order to continue the uptrend.

In particular, it remains to be seen if it can maintain the short-term uptrend by rising above the M-Signal line on the 1D chart.

To do this, you must first break off the downtrend line (2) and gain support and rise at 55828.0.

The 52825.0-54962.5 section is an important support section.

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(BTCUSDT 1D chart)
snapshot
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.

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(BTC Dominance (BTC.D) 1W chart)
snapshot
We'll 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.


Altcoins are showing strong strength despite the weak BTC price.
Currently, the prices of most altcoins are under a downward correction, but they are still bullish.

This situation is contrary to the situation of altcoins, which weakened despite the strong BTC price last year.

The flow of the coin market is changing rapidly.
Accordingly, it seems unreasonable to try to apply the patterns of the past to the current flow.

The period of volatility on the BTC price chart is expected to start as early as around April 25th.
Full-fledged volatility is expected to come from around April 28th-5th around the 4th.

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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 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: Market price at the time of opening
(Example) Gap (G1-G2)
Uwaga
(XBTUSD 1W chart)
snapshot
I think there is an adjustment on the 1W chart.
It remains to be seen if it can rise along the new uptrend line.
Uwaga
(CME Bitcoin (BTC1!) 1D chart)
snapshot
It started with a rise in the gap (56045.0-56335.0).
You should watch for any movement that deviates from the 52040.0-57925.0 segment.
In particular, we have to see if we can get support and climb at 53720.0.
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 (56727.5-56200.0).
We need to see if we can get support at 54914.0 and move up the uptrend line.
If it falls in the 47444.5-49934.0 section, a Stop Loss is required to preserve profit and loss.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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