readCrypto

Bitcoin (BTC) - May 1

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
hello?
Traders, welcome.

If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.

-------------------------------------

(BTCUSDT 12M Chart)
You can see that it needs to fall below 27K-29K to turn into a downtrend.

The 27K-29K section is a strong support section.


(1M chart)
You can see that it needs to go below 37253.81 to turn into a downtrend.

The section 35045-38150.02 is the support section.


(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69

1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0



(1D chart)
1st resistance: 39942.38-40526.64
2nd resistance: around 45135.66

Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55

You need to make sure you are getting support within the rising channel passing through the support section.

To break the formed floor section, it must fall below 35045.0.

To turn into an uptrend, it needs to move higher than 42373.73.

The volatility period is around May 3 (May 2-4).

------------------------------------------------------------ -----------------------------------------------------

** 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-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.)

---------------------------------
Comment:
(BTCUSDTPERP 1h chart)
Comment:
(USDT.D 1M Chart)
If it rises above 4.97, it is expected to rise to around 5.53.

At this time, it is expected that the rapid decline will determine whether it will lead to further upside or turn into a downtrend.

Accordingly, you should be aware of volatility.

USDT dominance should fall, so the coin market is more likely to be in an uptrend.
Comment:
(BTCUSDTPERP 1h Chart)
(UTC)
There is resistance on the Buy/Sell line, the published indicator, MACD-Price. ()

As it rises above 38200.0, it is necessary to check whether the section 38939.4-39317.2 can be touched.

If not, you should check to see if it is consolidating between the 37243.4-34660.7 and 39200.0 sections.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.