readCrypto

Bitcoin (BTC) - March 5

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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

In order to rise above the M-Signal line of the 1M chart, it must rise above the 40100.0 point.



(1D chart)
Resistance section: 46487.52-49266.69

Support section: 27033.35-29812.52


It is falling after failing to break above the 45135.66 point and the M-Signal line of the 1W chart.

You need to make sure you have support at the 38150.02 point.


We should see if there is movement out of the 38150.02-41950.0 zone due to the 5-7 March volatility.

If the price falls below the 37253.81 point, there is a possibility that it will fall below the 32259.90 point, so you need to trade cautiously.

A move above the 40100.0 point to find support is expected to trigger a move towards breaking through the 45135.66 point.


The Bollinger Bands will start to converge soon as the lower end of the Bollinger Bands has started consolidating.

Therefore, the important thing in the current flow is to check which direction the 38150.02-41950.0 section deviates from.

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


The next volatility period is around April 8th.

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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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:
(XBTUSD 1h chart)
Comment:
(BTCUSD 12M Chart)
The second decline candle in history.
The turning point of the Heikin Ashi body candle: 27678.0

(1M chart)
Transition point of MS-Signal indicator: 35060.0

(1W chart)
Uptrend Reversal Point: 45231.75

(1D chart)
Low point: 36282.47
Convergence interval of Bollinger Bands: 35060.0-45231.75

[Example of exchange chart setup]

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

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