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Bitcoin (BTC) - March 15

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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)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


It appears that the convergence of the Bollinger Bands began in earnest on March 6th.

Therefore, we need to be aware of the volatility that will arise in the future.

The range of fluctuation is approximately 35045.0-45135.66, and it is expected that volatility that deviates from this range will occur.


If it falls below the 37253.81-38150.02 section, I think it is highly likely to drop below the 32259.90 point.


To get out of the bottom section, you have to climb over 40100.0 points.

It must rise above the 41950.0 point to turn into an uptrend.


After around March 20, we need to see if it continues to follow an uptrend channel.


The next volatility period is around April 8th.

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(BTCUSDTPERP 1h chart)
(UTC)
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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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-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 1D Chart)
As the Bollinger Bands are contracting, we expect volatility to break out of the Bollinger Bands in the near future.

Bollinger Bands range: approximately 35280.2-45163.4


(1h chart)
(UTC)
1, 2, 3: support

a, b: resistance

It is expected that the fluctuation range of c will come out.

If it moves upward, it should find support above the 40189.4 point, this time.

If not, you should keep an eye on the situation, as new volatility is expected.

With 3 support and 3 resistance, I think it will create a new wave.

[Example of exchange chart setup]

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

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