Bitcoin (BTC) - May 7 (Variability Period-11)

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(BTCUSDT 1M chart)
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Entering this month, the RS line is falling below the SR line on the wRSI_SR indicator.
It remains to be seen if the RS line falls below the 80 point, indicating a downtrend.


(1W chart)
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It remains to be seen if it can rise above the 58352.80 point this week.
In particular, it remains to be seen if it can rise along the upward trend line (3).

In the wRSI_SR indicator, we must see if the RS line rises above the SR line and can continue the upward trend.

On the CCI-RC indicator, it remains to be seen if the CCI line rises above 323.59 points and continues to rise.


(1D chart)
We have to see if we can get support from 55811.30-56578.21 and climb above 58968.31.

If it falls, we need to see if it can rise along the uptrend line (3).

You should watch for movement within the uptrend channels of the uptrend lines (3) and (4).

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 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.
This is because you have previously touched the 48199.13-50736.52 section, so there is a possibility that it will break down.

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 1D chart)
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We need to see if we can get support at the 55828.0-56641.5 section and get off the downtrend line.

If it falls, we need to see if it can rise along the uptrend line (3).

We must see if we can break above the downtrend line as we break above the 57577.5-59029.0 interval.

It is important whether it rises along the uptrend line (3) between around May 8-10.

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.

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 red of OBV on the volume indicator turns green and can increase.

On the wRSI_SR indicator, the RS line is about to fall below 50 again.
When the short-term downtrend is underway, you need to keep an eye on where you are getting support.

On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.
In particular, we need to see if it can rise along the drawn uptrend line.

The chart doesn't look very good.
Still, it is going sideways in the section 50752.0-60904.0, which is a sideways section.
In particular, if it moves sideways in the upper sideways section of 55828.0-60904.0, it is expected to rise above the 60904.0 point.

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(BTC Dominance (BTC.D) 1M chart)
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(1D chart)
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We need to see if it can move down along the downtrend line (3).

We need to see if there is any movement outside the 43.75-47.64 range due to volatility around May 9th-15th.
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 should look closely to see if it rises above the downtrend line (3).

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(USDT Dominance (USDT.D) 1D chart)
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You should watch for any movement that deviates from the 2.088-2.473 segment.
In particular, it remains to be seen if it can fall below the downtrend line (3).

It remains to be seen if it can fall below the important uptrend line (1).
Therefore, if it falls below the uptrend line (1), the coin market is expected to continue an uptrend.

However, if it rises above 2.842 points, I think the coin market is likely to turn into a downtrend.

It remains to be seen if it can decline from the 2.088 point and move to the 1.266-1.654 range.

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)
Nota
(CME Bitcoin (BTC1!) 1D chart)
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It started with an increase in the gap (56180.0-56350.0).
We need to see if we can climb along the uptrend line and rise above the 57925.0 point.
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.

It remains to be seen if it can rise above the 57925.0 point in order to continue the uptrend.

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(BAKKT Bitcoin (BTM1!) 1D chart)
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It started with a rise in the gap (56000.0-56275.0).
We have to see if we can go up along the uptrend line.
If it declines at 47444.5, a Stop Loss is needed to preserve the profit and loss.
However, you can touch and climb the 46205.0 point, so you need to trade carefully.
Nota
(XBTUSD 1h chart)
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Check the movement before and after the time indicated on the chart.

We need to see if the flow of the price chart for section A can also be plotted in section B.
At this time, we have to see if we can get support in the 52825.0-54962.5 support section.
Even further down, we still have to see if we get support at 51935.5 and see if it rises.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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