Bitcoin (BTC) - April 22
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(BTCUSDTPERP 1D Chart)
Resistance: around 45163.4
1st support: around 39915.9
2nd support: 35280.2-37243.4
A full-fledged uptrend is expected to begin when it rises above 49135.7.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
The points pointed to by some indicators have changed.
- High indicator: 40731.0 -> 42129.2
- RSI 80 indicator: 41580.9 -> 42486.7
The highs rose and then fell.
At the current price level, an important consolidation zone is the 39915.9-41537.8 zone.
Therefore, if it moves and finds support within the consolidation zone, it is expected to lead to a large uptrend.
However, if it does not find support, it is expected to move below 38200.0.
------------------------------------------------------------ -----------------------------------------------------
** 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-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.)
---------------------------------
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
1st support: around 39915.9
2nd support: 35280.2-37243.4
A full-fledged uptrend is expected to begin when it rises above 49135.7.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
The points pointed to by some indicators have changed.
- High indicator: 40731.0 -> 42129.2
- RSI 80 indicator: 41580.9 -> 42486.7
The highs rose and then fell.
At the current price level, an important consolidation zone is the 39915.9-41537.8 zone.
Therefore, if it moves and finds support within the consolidation zone, it is expected to lead to a large uptrend.
However, if it does not find support, it is expected to move below 38200.0.
------------------------------------------------------------ -----------------------------------------------------
** 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-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.)
---------------------------------
Comment:
Incumbent institutions tend to start investing in the coin market and then follow the stock chart when the stock market opens.
As the Nasdaq index fell, the price of BTC also fell.
After the stock market closes, it is showing signs of price defense again.
As the Nasdaq index fell, the price of BTC also fell.
After the stock market closes, it is showing signs of price defense again.
Comment:
(BTCUSDTPERP 1h Chart)
A reversal of the indicator has occurred.
- +100 indicator: 41537.8 -> 40402.0
Therefore, volatility (whipsaw) is expected.
1. This is a method to normalize the indicator by dropping to the 38953.1 area and dropping the -100 indicator.
2. This is a method to normalize the indicator by rising to around 42366.0 and increasing the +100 indicator.
In fact, it is not easy to know which way it moves, but
- If you get resistance at 40402.0, use method 1
- If supported at 40640.1, use method 2
However, since volatility (whipsaw) is highly likely to occur, the opposite movement may occur, so be careful.
- +100 indicator: 41537.8 -> 40402.0
Therefore, volatility (whipsaw) is expected.
1. This is a method to normalize the indicator by dropping to the 38953.1 area and dropping the -100 indicator.
2. This is a method to normalize the indicator by rising to around 42366.0 and increasing the +100 indicator.
In fact, it is not easy to know which way it moves, but
- If you get resistance at 40402.0, use method 1
- If supported at 40640.1, use method 2
However, since volatility (whipsaw) is highly likely to occur, the opposite movement may occur, so be careful.
Comment:
We only update the BTC chart from Friday-Sunday.
If you need an altcoin chart, please leave a comment.
We will update you as we see it.
If you need an altcoin chart, please leave a comment.
We will update you as we see it.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Resistance: around 45135.66
Support: 35045.0-37253.81
A strong support section is formed near 28923.63.