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Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
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We have to see if we can get support at 29.8400 and can climb above 35.4888 points.
If you get support above the 35.4888 point, you'll have to see if there's an ascent to renew the New High.
If it falls from the downtrend line (4) and at 29.8400, it is a short-term Stop Loss.
If it falls at the 26.3160 point, Stop Loss is required to preserve the profit and loss.
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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.
** 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 trading. You should trade from a short-term investment perspective.)
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 have to see if we can get support at 29.8400 and can climb above 35.4888 points.
If you get support above the 35.4888 point, you'll have to see if there's an ascent to renew the New High.
If it falls from the downtrend line (4) and at 29.8400, it is a short-term Stop Loss.
If it falls at the 26.3160 point, Stop Loss is required to preserve the profit and loss.
-------------------------------------------------- -------------------------------------------
** 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.
** 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 trading. You should trade from 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/
If you get support at 35.4888, you'll have to watch for a move to climb above 39.5941.
If BTC price continues to rise, it is expected to renew New High.