Bitcoin (BTC) - May 24
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(BTCUSDTPERP 1D Chart)
Primary resistance: around 32275.6
Secondary resistance: around 35280.2
Support: 27054.1-29840.6
The 27054.1-29840.6 zone is an important support and resistance zone.
The key is whether the 27054.1-29840.6 zone can support and move up.
It needs to move above 32275.6 to find support in order to turn into an uptrend.
It is showing a failure to rise above the 30437.0 point, which is the MACD-P indicator.
Accordingly, if it rises above 30437.0, it is expected to rise above 32275.6.
In the current flow, I think it is meaningful to find support in the 28951.7-29840.6 section.
The reason is that the -100 point (29274.3) of the CCI is marked.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Section 28951.7-29840.6 passes CCI-100 point.
Therefore, it is important to keep the price above the 28951.7-29840.6 interval.
However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required.
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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 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)
Secondary resistance: around 35280.2
Support: 27054.1-29840.6
The 27054.1-29840.6 zone is an important support and resistance zone.
The key is whether the 27054.1-29840.6 zone can support and move up.
It needs to move above 32275.6 to find support in order to turn into an uptrend.
It is showing a failure to rise above the 30437.0 point, which is the MACD-P indicator.
Accordingly, if it rises above 30437.0, it is expected to rise above 32275.6.
In the current flow, I think it is meaningful to find support in the 28951.7-29840.6 section.
The reason is that the -100 point (29274.3) of the CCI is marked.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Section 28951.7-29840.6 passes CCI-100 point.
Therefore, it is important to keep the price above the 28951.7-29840.6 interval.
However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
[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/
The key is whether it can rise above 12036.79 with this figure.
If it doesn't, it is very important to find support near 11167.51.
The volatility period on the Nasdaq chart is around May 26th.
(1D chart)
The key issue is whether the BTC chart can find support and move higher in the 27033.35-39812.52 zone, which is the strong support zone.
In particular, it is very important to be supported in the section 28923.63-29812.52.
If support is found above 27033.35 and the volume moves above 88.696K, I would expect a change in the trend.
The volatility period on the BTC chart is around June 5th.