readCrypto

Bitcoin (BTC) - March 21

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend

41950.0-46930.0 or more: Expected to create a new wave.

Strong support section: 28K-32K



(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.

Therefore, it forms a box section in the section 37253.81-42373.73, and if the price is maintained in the section 40100.0-42373.73, the altcoin volatility is expected to increase.


The 46487.52-46266.69 interval is an important interval that determines the trend.

However, the 40100.0-42373.73 section is a section that transitions from the bottom section to an uptrend, so this section is also an important section that can change the trend.


The next volatility period is around April 8th.

However, it is necessary to check whether it rises along the rising channel between around March 20-38.

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(BTCUSDTPERP 1h Chart)
(UTC) It is important to keep the price above the M-Signal on the 1D chart.

However, new support and resistance are forming at the 41037.3 point, so we need to check what kind of movement is coming from the 41037.3 point.

The +100 indicator included in the MRHAB-O indicator is the point indicating the movement of the CCI.

Therefore, holding the price above 41037.3 is expected to lead to a move to move higher above 42125.5 once again.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
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.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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