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 Preservation (2): 42366.0

Support section (1): around 38200.0


The interval 46559.4-49345.9 is the interval that determines the trend.

We need to see if we can sustain the price by rising above 46559.4.

If they do, they should check to see if they find support near the 45163.4 area.

However, since the 45163.4 point corresponds to the high point on the 1W chart, a short-term stop loss is required as it may drop below 37243.4 if the attempt to break through is unsuccessful.

However, it can touch the 42366.0 area and rise, so you need to think about countermeasures.



(1h chart)
Section 2 : 46114.2-46559.4
Section 1 : 44855.4-45163.4
Section 3 : 42207.1-42925.9

Entering a position within Segment 1 - Segment 2 is risky and should be exercised with caution.


If support is found in section 2, it is expected to rise to around 49345.9, so it is possible to enter the LONG position.


If it falls in section 1, it is expected to touch section 3, so it is possible to enter the SHORT position.

However, it is possible to touch the uptrend line and rebound, so entering the SHORT position requires a quick response.

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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-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:
On the wRSI_SR indicator, the RS line is expected to rise above the 80 point soon.
Therefore, a drastic move is expected, so careful trading is required.

[Example of exchange chart setup]

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

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

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