readCrypto

Bitcoin (BTC) - May 2

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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** Since the BTCUSDTPERP chart has stopped, it has been re-posted as a BTCUSDT chart.
** Thank you for your understanding.

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(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69

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



(1D chart)
Primary resistance: around 39942.38
Secondary 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).

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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)
Comment:
(BTCUSDTPERP 1h Chart)
(UTC) Since it has risen above 38939.4, we need to see if we can get support and move up in the 38939.4-39317.2 section.

If it rises above 39915.9 and then declines, I think it is highly likely to fall below 37243.4.

So, you need to watch the movement as it climbs towards 39915.9.

In order to move above 39915.9, there is a possibility that it will fall back to around 38200.0, so we need to think about how to respond.
Comment:
(BTC + IXIC 1D Chart)
As the month of May begins, it looks like the stock market will start to show a different movement.

So, let's look at the movement of the volatility period through this May 4th.

[Example of exchange chart setup]

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

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

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