readCrypto

Bitcoin (BTC) - March 29

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53

1st support: around 38150.02
Strong support section: 27033.35-29812.52



(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02

1st support: 45135.66-46487.52
Second support: 37253.81-38150.02


The 46487.52-49266.69 interval is the interval that determines the trend.
So, which direction you deviate from is important.

The keypoints are 45135.66, 49152.47.


(buy)
- After confirming the support at the 46487.52 point
- After confirming the support at the 49266.69 point

(Stop Loss)
- When it falls below 45135.66
- When it falls below 42373.73

(Sell)
- 54825.02 is a psychological resistance section when receiving resistance
- When receiving resistance near 62193.15


It has crossed the upper bound of the Bollinger Bands and is moving higher.
Therefore, it is expected that you will try to check the support section because the fatigue level for the ascent is high.


Looking at the wRSI_SR indicator, the RS and SR lines rise above 80, indicating that we are entering the overbought zone.

When the RS line starts to fall below 80, it is necessary to see where the price finds support.


In the CCI-RC indicator, the CCI line is crossing the zero point.
Therefore, it is necessary to trade cautiously as volatility may occur.

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(USDT.D (USDT Dominance) 1D Chart)
As it fell below 4.158, the coin market continues to rise.

It is expected to be a bull market for the coin market as it falls below 3.486.

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(USDT + USDC 1W chart)
It appears that funds entered the coin market via USDT.

However, it appears that some funds have flowed out of the coin market through USDC.

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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-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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Comment:
(BTCUSDTPERP 1h chart)
In the wRSI_SR indicator, the RS line does not rise above the 80 point but declines.

So, if the price holds above 46559.4, we expect an attempt to break through 49345.9.
Comment:
** This is a 1h chart, so it is important to see where you are finding support and resistance as the trend changes quickly.

(UTC) A downward channel appears to have formed.

However, looking at the wRSI_SR indicator, the lower part shows a downward trend, while the upper part shows an upward trend.

Thus, it looks likely to break through the bearish channel.(1)


The support area of the bearish channel is near the 46559.4 point.

If it falls below 46559.4, there is a possibility that it will fall to around 45163.4, so countermeasures are needed.

[Example of exchange chart setup]

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

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

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