Bitcoin (BTC) - May 6
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(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69
1st support: 37253.81-38150.02
Second support: 32259.90-35045.0
It is important to see if you can move up along an uptrend line.
(1D chart)
Primary resistance: around 39942.38
Secondary resistance: around 45135.66
Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55
After a period of volatility around May 3, there was a significant decline.
You need to find support in the 35045.0-36244.55 zone, which is the support zone, and see if you can climb along the rising channel.
To break the formed floor section, it must fall below 35045.0.
To turn into an uptrend, it needs to move higher than 42373.73.
The next volatility period is around June 5th.
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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.
-------------------------------------
(BTCUSDT 1W Chart)
1st support: 37253.81-38150.02
Second support: 32259.90-35045.0
It is important to see if you can move up along an uptrend line.
(1D chart)
Primary resistance: around 39942.38
Secondary resistance: around 45135.66
Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55
After a period of volatility around May 3, there was a significant decline.
You need to find support in the 35045.0-36244.55 zone, which is the support zone, and see if you can climb along the rising channel.
To break the formed floor section, it must fall below 35045.0.
To turn into an uptrend, it needs to move higher than 42373.73.
The next volatility period is around June 5th.
------------------------------------------------------------ -----------------------------------------------------
** 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:
(USDT.D 1W chart)
We need to find resistance at 4.97 and see if we can move lower.
If it rises above 4.97, it is likely to move above 5.53.
When this happens, you need to see if there is a decline in the gap between the USDT and USDC charts.
This is because we believe that a gap drop on the USDT chart and USDC chart means you are cashing out your money in the coin market.
If the USDT and USDC charts are maintaining the current trend (uptrend), then the coin market is still at the point of buying.
Here, the point of purchase means that the price of a coin is waiting for the price to decline or go sideways.
If it rises above 4.97, it is likely to move above 5.53.
When this happens, you need to see if there is a decline in the gap between the USDT and USDC charts.
This is because we believe that a gap drop on the USDT chart and USDC chart means you are cashing out your money in the coin market.
If the USDT and USDC charts are maintaining the current trend (uptrend), then the coin market is still at the point of buying.
Here, the point of purchase means that the price of a coin is waiting for the price to decline or go sideways.
Comment:
[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/
If it falls below 35280.2, there is a possibility that it will fall to around 32275.6, so you need to trade cautiously.
However, the 35280.2-38200.0 section is a section that formed a bottom section, so I think it is more likely to receive support.