Bitcoin (BTC) – May 13 for BINANCE:BTCUSDT by readCrypto

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( BTCUSDT 1D chart)

During the last volatility period on May 12th, it is falling sharply.

We have to watch for movements that deviate from 50736.52-60886.07, which is a sideways section in the big frame.

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.

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 upward movement, it is expected to re-orientate in the 78647.80-81185.19 section.

The market situation is undergoing a downward correction as it declines to the lower sideways range of 50736.52-55811.30.

I think the section 48199.13-50736.52 or section 60886.07-63423.46 is the section that determines 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.


( XBTUSD 1D chart)

It is falling with no support at 55828.0.

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.

The green or red of OBV in the volume indicator is not increasing significantly.

I think it is evidence that the transaction is not active.

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 the A or B segment.

Looking at 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.


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

It is falling below the 43.17 point.

The decline in BTC dominance was expected to lead to higher prices as funds moved toward altcoins.

As funds are concentrated in some of the altcoins, I think the prices of the remaining coins are either sideways or declining.

Therefore, careful trading is necessary.


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

You should watch for any movement that deviates from the 2.181-2.532 section.

If it rises above 2.532 points, the prices of the coins will show more declines than they are now.

As such, it remains to be seen if it can fall below the uptrend line (1).

If it falls below the 2.181 point, the coin market is expected to continue the upward trend.


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)

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