readCrypto

Bitcoin (BTC) - May 25

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

The key is whether you can get support in the section 27033.35-29812.52.

From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend.



(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


The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93.

If it moves lower from 28923.63, they should check to see if support is found near 27033.35.


The MS-Signal indicator is expected to touch down in the not-too-distant future.

When you touch the MS-Signal indicator, volatility is expected to occur, so it is recommended to think of a strategy in advance.


The next volatility period is around June 5th.

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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-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)
As the indicator concentrates near the 28951.7-29274.3 section, the role of support and resistance is rising.

A move above 29840.6 is expected to trigger a move to break through the 30437.0-30971.3 zone.
Comment:
(BATUSDT 1W Chart)
Below 0.4434 is likely a mid- to long-term investment area, so careful trading is required.

(1D chart)
It needs to move above 0.4434 to turn into an uptrend.

Therefore, it is important to see support above 0.4434.

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(BATBTC 1W chart)
Anything below 0.0000 1569 is most likely a floor segment.
Comment:
(ALGOUSDT 1W Chart)
Below 0.6132 is most likely a mid- to long-term investment area.

Therefore, making sure it rises above 0.6132 is key.


(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.5021 to turn into an uptrend.

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(ALGOBTC 1W chart)
Anything below 0.0000 1970 is most likely a floor segment.

So, making sure it rises above 0.0000 1970 is the key.

[Example of exchange chart setup]

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

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

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