Bitcoin (BTC) - April 1
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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 Preservation (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 it drops below 45163.4 and finds resistance, a short-term Stop Loss is required.
If the price holds above 45163.4, 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
A sharp movement occurred as the RS line fell below 20 in the wRSI_SR indicator.
As the RS line is rising above 20, we need to see if we can find support by moving above the 45824.4 low of the 1h chart.
So, the keypoint at your current location is 45824.4.
1. SHORT position entered while falling below 46559.4
(Stop Loss)
- When it rises above 45824.4 to receive support
(clearing)
- When it is confirmed that it is supported in the vicinity of 45163.4
If you are holding the price above 45163.4, I think the LONG position has the upper hand.
Therefore, it is recommended to keep the SHORT position short.
------------------------------------------------------------ -----------------------------------------------------
** 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-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.)
---------------------------------
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Secondary resistance (4): around 62260.3
Short-term Stop Loss: 45163.4
Stop Loss for Profit Preservation (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 it drops below 45163.4 and finds resistance, a short-term Stop Loss is required.
If the price holds above 45163.4, 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
A sharp movement occurred as the RS line fell below 20 in the wRSI_SR indicator.
As the RS line is rising above 20, we need to see if we can find support by moving above the 45824.4 low of the 1h chart.
So, the keypoint at your current location is 45824.4.
1. SHORT position entered while falling below 46559.4
(Stop Loss)
- When it rises above 45824.4 to receive support
(clearing)
- When it is confirmed that it is supported in the vicinity of 45163.4
If you are holding the price above 45163.4, I think the LONG position has the upper hand.
Therefore, it is recommended to keep the SHORT position short.
------------------------------------------------------------ -----------------------------------------------------
** 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-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.)
---------------------------------
Comment:
Comment:
Comment:
(UTC)
Comment:
(UTC)
The meaning of this chart is explained below.
The 45163.4 point is the Stop Loss point, and I think it is the junction between the uptrend and the downtrend.
So, I think it's more likely to swing up and down around the 45163.4 point. (44585.0-45824.4)
If it rises above 45824.4, the key is whether the price can be maintained above 46559.4.
If it fails to break through the 46559.4 point, I think it is highly likely to move towards the 42366.0 area.
If it falls below the 44585.0 w point, that is, below the M-Signal line of the 1D chart, it is also expected to decline to around 42366.0.
The 42366.0 point is the boundary of the bottom section, and if it falls below this point, I think it is highly likely to turn into a downtrend.
The 45163.4 point is the Stop Loss point, and I think it is the junction between the uptrend and the downtrend.
So, I think it's more likely to swing up and down around the 45163.4 point. (44585.0-45824.4)
If it rises above 45824.4, the key is whether the price can be maintained above 46559.4.
If it fails to break through the 46559.4 point, I think it is highly likely to move towards the 42366.0 area.
If it falls below the 44585.0 w point, that is, below the M-Signal line of the 1D chart, it is also expected to decline to around 42366.0.
The 42366.0 point is the boundary of the bottom section, and if it falls below this point, I think it is highly likely to turn into a downtrend.
Comment:
The explanation will be posted in the analysis article tomorrow.
[Example of exchange chart setup]
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www.tradingview.com/x/S94aDxa8
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www.tradingview.com/x/S94aDxa8
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