readCrypto

Bitcoin (BTC) - May 31

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52

It moved higher near 32259.90, breaking out of the RSI oversold zone.

If they do, they should check to see if support is found above the 291812.52 level.


In order to continue the uptrend from the current point in the mid- to long-term perspective, it should rise above 37253.81.


To get out of the RSI oversold zone completely, it needs to rise above 32259.90 to find support.

Since the indicator points shown at 32259.90 and 35045.0 are inverted, there is always potential for extreme volatility.



(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0

Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35


If the price holds above 30444.93, it is expected to turn into an uptrend in the short and medium term.

If it finds support at 32259.90, I would expect it to move higher than 35286.51.


The next volatility period is around June 5 (June 4-6).

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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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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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Comment:
(BTCUSDTPERP 1h Chart)
(UTC) As of June 1st, it is important to be supported in the 30437.0-30971.3 section or higher.

[Example of exchange chart setup]

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

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