readCrypto

Bitcoin (BTC) - volatility period (day 1)

readCrypto Mod Actualizado   
BITMEX:XBTUSD.P   Bitcoin
The support test that touches the uptrend line (2) appears to have been completed.

The closing price is likely to be generated above 1K EMA, which was the main point yesterday.

The first day of the volatility period of BTC that I explained yesterday began.

We need to see if we can get support by rising above the downtrend line (3).
You should also check if you can climb above U-turn 6780.5.

You have to watch where it will rise.

The downtrend line (1) passes the 7060 ~ 7757 section.
I think that this downtrend line is the main trend line as it passes near the midpoint of the downtrend as a whole.

I think it is a good idea to stop trading and take a look at the trend during the period of high volatility from around April 3rd (2nd to 4th).

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Most altcoins are affected by the flow of BTC and are gradually losing power.

In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.

Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.

USDT dominance chart.

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Yesterday's key points remain in effect.
The uptrend line (2) and point 6204 are the main support points and the Stop-Loss point.
The new 50EMA is the 1st chart's 50EMA.
It is expected to play a major role in the ascent.

I think the main point today is whether you can rise above the 6688.5 point.
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Bitstamp's BTCUSD chart.
Check the bass and resistance.
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This is the first day of the volatility period.
Predicting movement within a period of volatility is not easy.
During periods of volatility, we recommend that you refrain from trading and watch trends.
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It is expected that the 5EMA and 20EMA in the 1D chart will cross.
You should check for volatility.
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You may fail to rise above the 6688.5 point and fall.
You have to get support in the section 6595.5 ~ 6629.5.
You should see if you can get support at point 6543 and the downtrend line (1).
You need to see where you get support and re-challenge over 6688.5.
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Last update today
XBTUSD: Support at the 6543 point and the downtrend line.
USDT.D: should drop near the 3.21 point.
BTC1! : You need to get support at point 6680.
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www.tradingview.com/x/S94aDxa8

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