readCrypto

Bitcoin (BTC) - March 17

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend

41950.0-46930.0 or more: Expected to create a new wave.

Strong support section: 28K-32K



(1D chart)
(Full: www.tradingview.com/x/d5QZefto/)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


It is important to keep the price above 40100.0 to break out of the bottom section.

The price must remain above the 41950.0-42373.73 band to transition into an uptrend.


The next volatility period is around April 8th.

However, it is necessary to check whether it rises along the rising channel between around March 20-38.

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(BTCUSDTPERP 1h Chart)
(UTC) As the highs and the uptrend reversal point lower, you should see support and an upward movement at the 39137.9-40417.9 zone.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for 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:
(USDT.D 1D Chart)
We need to see if we can break below the uptrend line (1) after around March 26th.

In particular, you should look for movement that deviates from the 4.158-4.972 section.

A decline in USDT dominance is likely to lead to an upward trend in the coin market.

[Example of exchange chart setup]

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

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

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