Bitcoin Cash (BCH) - February 22
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We need to see if we can get support at 668.36839961 and climb above 706.21424190.
If you fall at 600.59767260, you need a short stop loss.
If supported at 741.41976359, it is expected to rise towards 811.83081120.
On the wRSI_SR indicator, we have to see if the RS line can rise more than 20.
At this point, you need to see where you are getting support.
On the CCI-RC indicator, we need to see if the CCI line can touch the EMA line and rise.
If the CCI line and EMA line cross, it is expected that volatility will occur, so careful trading is necessary.
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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 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.
Hence, 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 from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if we can get support at 668.36839961 and climb above 706.21424190.
If you fall at 600.59767260, you need a short stop loss.
If supported at 741.41976359, it is expected to rise towards 811.83081120.
On the wRSI_SR indicator, we have to see if the RS line can rise more than 20.
At this point, you need to see where you are getting support.
On the CCI-RC indicator, we need to see if the CCI line can touch the EMA line and rise.
If the CCI line and EMA line cross, it is expected that volatility will occur, so careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** 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 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.
Hence, 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 from 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 or 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
[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/
If you fall from the 668.30 point, you can touch the 599.94 point, so you need to trade carefully.
If you fall from the strong support point of 599.94, you can touch the 479.37 point, so you need a short stop loss.
In the CCI-RC indicator, it is necessary to determine where support is supported by the volatility that occurs when the CCI line and EMA line intersect.
If it gets support at 751.88, it is expected to rise above 827.85.