BTCUSDTPERP - March 9
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(BTCUSDTPERP 1W Chart)
Bollinger Bands are starting to converge.
The M-Signal line of the 1M chart is passing near the 37243.4 point.
Therefore, it is important to keep the price above the 35280.2-37243.4 interval.
Strong support section: 27800.0-29376.7
(1D chart)
Resistance section: 46559.4-49345.9
Support section: 27054.1-29840.6
If you look at the chart based on the current location, you can see that it is divided into two sections, up and down.
In addition, the current location is located in the sidewalk section of section 35280.2-40500.3.
(1h chart)
Box section: 37243.4-39481.7
Since you are currently in the box section, if you climb near the 39481.7 point, you will likely find resistance.
Conversely, a decline near the 37243.4 point is likely to find support.
If it rises above the 39481.7-40500.3 section, we expect to see primary resistance near the 42366.0 point.
Therefore, if the price is maintained in the 39481.7-40500.3 zone, it is expected to break out of the bottom zone.
However, careful trading is required because it must rise above the 42366.0 point to convert to an uptrend.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1W Chart)
The M-Signal line of the 1M chart is passing near the 37243.4 point.
Therefore, it is important to keep the price above the 35280.2-37243.4 interval.
Strong support section: 27800.0-29376.7
(1D chart)
Support section: 27054.1-29840.6
If you look at the chart based on the current location, you can see that it is divided into two sections, up and down.
In addition, the current location is located in the sidewalk section of section 35280.2-40500.3.
(1h chart)
Box section: 37243.4-39481.7
Since you are currently in the box section, if you climb near the 39481.7 point, you will likely find resistance.
Conversely, a decline near the 37243.4 point is likely to find support.
If it rises above the 39481.7-40500.3 section, we expect to see primary resistance near the 42366.0 point.
Therefore, if the price is maintained in the 39481.7-40500.3 zone, it is expected to break out of the bottom zone.
However, careful trading is required because it must rise above the 42366.0 point to convert to an uptrend.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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:
(BTCUSDT 1h chart)
The 41950-42030.31 section is likely to lead to an uptrend entry.
Therefore, the 41950-42030.31 section is an important section for support and resistance.
Similarly, the 38562.39 point is a likely area for a downtrend.
Therefore, this section is also an important section.
However, looking at the big picture (1M, 1W, 1D charts), the 37253.81-38150.02 section is the boundary section between an uptrend and a downtrend, so if the price is maintained above this section, it is highly likely to rise.
The flow of charts with short period units (charts below 1D charts) is highly volatile, so you must first check the flow above the 1D chart to see if it is receiving support or resistance in an important section.
Therefore, the 41950-42030.31 section is an important section for support and resistance.
Similarly, the 38562.39 point is a likely area for a downtrend.
Therefore, this section is also an important section.
However, looking at the big picture (1M, 1W, 1D charts), the 37253.81-38150.02 section is the boundary section between an uptrend and a downtrend, so if the price is maintained above this section, it is highly likely to rise.
The flow of charts with short period units (charts below 1D charts) is highly volatile, so you must first check the flow above the 1D chart to see if it is receiving support or resistance in an important section.
[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/
It is also important to be able to sustain the price above the 40500.3 point.