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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
Strong support section: 28K-32K
41950.0-46930.0 or more: Expected to create a new wave.
In order to continue the upward trend
- You must climb more than 45135.66-46930.0 section.
- The green width of OBV in the volume indicator should increase and the center line should rise.
- In the CCI-RC indicator, the CCI line must rise above the +100 point and above the EMA line.
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
It is important to keep the price above 40100.0 to break out of the bottom zone.
The price must remain above the 41950.0-42373.73 band to transition into an uptrend.
The 46487.52-46266.69 interval is an important interval that determines the trend.
Therefore, if the 46487.52-46266.69 section rises and closes, it is expected that the trend will continue in the direction out of the 45135.66-50931.30 section.
Therefore, if it falls below the 45135.66 point, a short-term Stop Loss is required.
If it moves above the 50931.30 point, we expect to find resistance primarily around 54825.02.
(Secondary resistance section: 60383.36-63162.53)
The next volatility period is around April 8th.
(1h chart)
(UTC)
If the price holds above the highs of 43815.11, I would expect a breakout of 45135.66.
If they do, they should check to see if they find support near the 42952.53 point.
However, since the important support section is around the 41950.0 point, it is important to get support from the 41231.0-42373.73 section.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Strong support section: 28K-32K
41950.0-46930.0 or more: Expected to create a new wave.
In order to continue the upward trend
- You must climb more than 45135.66-46930.0 section.
- The green width of OBV in the volume indicator should increase and the center line should rise.
- In the CCI-RC indicator, the CCI line must rise above the +100 point and above the EMA line.
(1D chart)
Resistance section: 46487.52-49266.69
Support section: 27033.35-29812.52
It is important to keep the price above 40100.0 to break out of the bottom zone.
The price must remain above the 41950.0-42373.73 band to transition into an uptrend.
The 46487.52-46266.69 interval is an important interval that determines the trend.
Therefore, if the 46487.52-46266.69 section rises and closes, it is expected that the trend will continue in the direction out of the 45135.66-50931.30 section.
Therefore, if it falls below the 45135.66 point, a short-term Stop Loss is required.
If it moves above the 50931.30 point, we expect to find resistance primarily around 54825.02.
(Secondary resistance section: 60383.36-63162.53)
The next volatility period is around April 8th.
(1h chart)
(UTC)
If they do, they should check to see if they find support near the 42952.53 point.
However, since the important support section is around the 41950.0 point, it is important to get support from the 41231.0-42373.73 section.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(UTC)
Looking at the current price point, the RSI: seems to be holding the price above the 80 point.
As in interpreting the indicator, if the price is at a high, i.e., in an overbought zone, you should trade with the assumption that it is more likely to decline than to rise further.
Of course, if the current price level finds support, there is the possibility of a surge.
I think this surge is more likely to be a whip-saw-like move to fall rather than a move to rise.
Therefore, when inverted like the StochRSI indicator (looking at the current position of the indicator, the StochRSI 20 point was displayed higher than the StochRSI: 80 point, and it was supported near this point, leading to a price increase.
In this way, we need to see if the order of the indicators for the CCI and RSI is reversed and to see if there is support near the new indicator points.
(I explained the movement of the chart with indicators belonging to the MRHAB-O indicator.)