readCrypto

Bitcoin (BTC) - September 24

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(Nasdaq100 1D Chart)
The key is whether it can move higher than 11953.1 during the volatility period.

If not, you should check for support near 11169.5.

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( BTCUSDT 1D Chart)
It is necessary to check whether the price can be maintained at or above the range 17659.38-18353.11 touched on June 18.


If it declines from 17659.38-18353.11, it is expected to decline to around 15916.68.


When the RSI and Stoch RSI indicators moved out of the oversold zone, they found support near 18353.11 and moved higher.

We also need to see if the price can sustain above 19426.43 and an uptrend channel formed near the long-term uptrend line (1).


In order to turn into an uptrend, it must rise above the HA-Low indicator.

Therefore, keeping the price in the range 19426.43-20131.46 is key.

And, in order to continue the upward trend, it must rise above the HA-High indicator.


For reference, to show an uptrend, the HA-Low horizon should be longer than the HA-High horizon.

If the current HA-Low indicator declines again, it can be seen that the horizontal line of the HA-Low indicator is considerably shorter than that of the HA-High indicator.

Therefore, it is one of the important reasons to rise to the 19426.43-20131.46 section and receive support.


Depending on how you interpret and utilize any indicator or content used in the chart, it may or may not help you to interpret the flow of the chart.

So, if you use an indicator, you need to understand the key elements that the indicator says and use it.

An interpretation method that is difficult to use the indicator should be careful as it may fail to obtain objective information by adding a subjective interpretation.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K .

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(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)
The 120EMA line in the 1h chart is the EMA line corresponding to the 5EMA line in the 1D chart.

Therefore, it is necessary to check whether it is supported in the section 19116.5-19226.9 or higher.

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