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


The highs are moving from 62260.3 to 46820.8.

Therefore, it is important which direction you deviate from the 46559.4-49345.9 section.

However, it can touch the 45163.4 area and rise, so you need to think about countermeasures.

If the price holds above 46559.4, I would expect an attempt to move above 49345.9.



(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.


No. 1: 46559.4-46820.8
No. 2: 47042.8-47582.0
No. 3: 49135.7-49345.9
No. 4: 45163.4


The current trend is moving within a bearish channel.

However, as the RS line falls below 20 in the wRSI_SR indicator, the possibility of large volatility is increasing.

Therefore, when the RS line rises above 20, it is necessary to check in which section it is moving.


In the CCI-RC indicator, the CCI line crosses +100.
Therefore, it is highly likely that volatility will occur, so you need to trade with caution.


It is not recommended to enter the SHORT position because there is a possibility that a sharp rise may occur after touching the first section.


It is expected that entry into the SHORT position will be possible when it falls in section 1.

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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:
(UTC) Contrary to what I posted on TradingView this morning, the downtrend channel has widened.
So, there is a high chance that it will rock up and down.

[Example of exchange chart setup]

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

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