BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(BTCUSDTPERP 1D Chart)
Primary resistance (3): around 49135.7
Secondary resistance (4): around 62260.3

Short-term Stop Loss: 45163.4
Stop Loss for Profit and Loss (2): 42366.0

Support section (1): around 38200.0



(1h chart)
** Please note that the trend display on the 1h chart changes frequently, so it is only an approximate flow.

** Since the trend indication was shown according to the flow of the wRSI_SR indicator, it is necessary to check whether divergence occurs.

** Therefore, it is important to see where support and resistance are found rather than trending.


In the wRSI_SR indicator, the RS line did not rise above 80 and fell, showing a decline.

In addition, as the CCI line approaches the -100 point in the CCI-RC indicator, the possibility of a sudden movement is increasing.

The keypoint point is 45163.4.

However, since the M-Signal line of the 1D chart is passing near 44585.0, it may temporarily touch this area and rise, so careful trading is required.


The 45163.4-47042.8 section is the up and down swing section.
This segment is not easy to trade.

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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:
Comment:
While falling to the 45163.4-46559.4 section
- RS line of wRSI_SR indicator is less than 20
- The CCI line of the CCI-RC indicator is crossing the 0 point

The 45163.4 point is likely to lead to a sharp movement when it falls to the Stop Loss point.


However, the closer you get to the 42366.0 point (the boundary of the bottom section), the more likely there will be a sudden movement.

This sharp move is likely to lead to an uptrend.

[Example of exchange chart setup]

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

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