Bitcoin (BTC) - May 12 (Variability Period-Last Day)

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(XBTUSD 1D chart)
On the XBTUSD chart, the volatility period has ended.
However, since it is the last volatility period on the BTCUSDT chart, careful trading is required.

It is located near the middle point of 55828.0 point from the 50752.0-60904.0 section, which is a sideways section.
However, since the bottom is showing an upward trend, if it does not fall below the uptrend line (3), it is expected to rise above the 60904.0 point.

If it falls in the 48214.0-50752.0 section, 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 center line can rise as the green of OBV on the volume indicator increases.
I think that the red color of OBV, which was a lot in the past, disappears, showing a flow to change to the green of OBV.
The green color of OBV stands for buyout.
Accordingly, it remains to be seen whether the market trend can turn from sell to buy.


(To sum up)
In fact, I think it has passed a period where it is difficult to predict the trend of the BTC price.
We believe that making predictions about the ups and downs amid this trend can lead to wrong trading.
Therefore, you should think in the big frame rather than try to fit the current movement to a woven trend or pattern.

In the big frame, the flow of BTC price is just moving sideways.
(Sideways section: 50752.0-60904.0)

By touching the section A and section B, there is only one movement to get out of the sideways section.

We have to see if the movement that comes forward will break through section A or section B.

USDT continues to be issued as a new issuance.
This means that money is constantly coming in from the coin market, and I think it is highly likely to lead to an increase in the price of coins.

From the BTC Dominance Chart and the USDT Dominance Chart, it is expected to touch an important point or segment around May 15th.
Accordingly, volatility is expected to occur once again.
We hope that this volatility will allow us to predict to some extent the trend of the BTC price.

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(BTCUSDT 1D chart)
Snapshot
We need to see if we can get support at 55811.30-56578.21 and climb along the uptrend line (3).

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.


On the BTCUSDT chart, May 12 is the last day of the volatility period.
Therefore, careful trading is necessary.


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 breaks above 60.886.07-63423.46 and continues its ascent, it is expected to re-orientate in the 78647.80-81185.19 section.


The section 50736.52-60886.07 is a sideways section.

I think the section 48199.13-50736.52 or section 60886.07-63423.46 is the section to determine the direction newly.
Therefore, the trend of the coin market is expected to appear after touching the 48199.13-50736.52 section or 60886.07-63423.46 section.

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(BTCKRW 1D chart)
Snapshot
Between the 10th and 19th of May, there was a movement that deviated from the 70694000-73622000 section.
Accordingly, it is possible to touch the uptrend line (3) again.

We have to see if we can quickly ascend above the 70694000 point.
If it goes down, you need to make sure you get support at 65857000.

If it does not fall below the downtrend line (6), it is expected to rise.
So, we have to see if we can get support and climb in the 64246000-66007000 segment.

If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss.
It is possible to touch the 47268000-51798000 section and go up, so you need to think about how to react to it.


If you go up from 73622000, you'll have to watch to see if it rises above 82407000.
You can touch and drop the 77706000-82407000 section, which was the previous high, so make sure to check if it rises above the 82407000 point.


(Upbit BTCKRW 1D chart)
Snapshot

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(BTC Dominance (BTC.D) 1D Chart)
Snapshot
We need to see if there is any movement that deviates from the 43.75-47.64 range due to volatility around the 9th-15th of May.
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 need to look closely to see if it rises above the downtrend line (3).

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(USDT Dominance (USDT.D) 1D chart)
Snapshot
We'll see if we can get resistance in the 2.473-2.532 section and drop below the 2.345 point.
In particular, it remains to be seen if it can decline along the downtrend line.

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.

(USDT 1D chart)
Snapshot
It seems that the coin market has been funded again on May 11th.

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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)
Anmerkung
(XBTUSD 1h chart)
(UTC) Snapshot
Check the movement before and after the time indicated on the chart.

On April 18th, the 57577.5- 59029.0- section was less than that, touching the 52825.0-54962.5 section, and the sidewalk continues to this day.

It started rising on April 30th and was resisted at 57577.5-59029.0.
In the meantime, the bottom has been raised little by little.

We'll have to see if we can get support at 56641.5 and start the ascent and climb above the 60904.0 point.
Anmerkung
The movement of the charts that summarizes the market cap information and shows them is getting weird.
As such, I think that it is evidence of active movement of funds or coins in the coin market.

In either direction, the movement is expected to begin sooner or later.
This requires careful trading.


(BTC Dominance (BTC.D) 1D Chart)
Snapshot

(USDT Dominance (USDT.D) 1D chart)
Snapshot

(ETH Dominance (ETH.D) 1D chart)
Snapshot
Anmerkung
(USDT 1D chart)
Snapshot
It seems that the money has come into the coin market.
We need to watch a bit more as it may have been marked as a gap rising due to some strange signs.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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