Bitcoin (BTC) - May 11
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(BTCUSDTPERP 1D Chart)
Resistance: 35280.2-38200.0
Support: 27054.1-29840.6
It is showing support, accompanied by higher-than-average trading volume.
However, it seems insufficient to change the trend.
To change the trend, I think the volume needs to increase above 1.533M.
However, if the 27054.1-29840.6 section shows support while maintaining the current volume level, it is expected to reverse the trend.
The 27054.1-29840.6 zone is an important support and resistance zone.
Therefore, if it falls below 27054.1, there is a possibility of a sharp movement and a touch near 21481.1.
These moves are likely to be temporary and are expected to rise above 27054.1 again.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
It fell after failing to break above 32275.6.
A finding of support at 30776.6 is expected to lead to an attempt to move higher above 32275.6.
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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-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.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Support: 27054.1-29840.6
It is showing support, accompanied by higher-than-average trading volume.
However, it seems insufficient to change the trend.
To change the trend, I think the volume needs to increase above 1.533M.
However, if the 27054.1-29840.6 section shows support while maintaining the current volume level, it is expected to reverse the trend.
The 27054.1-29840.6 zone is an important support and resistance zone.
Therefore, if it falls below 27054.1, there is a possibility of a sharp movement and a touch near 21481.1.
These moves are likely to be temporary and are expected to rise above 27054.1 again.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
It fell after failing to break above 32275.6.
A finding of support at 30776.6 is expected to lead to an attempt to move higher above 32275.6.
------------------------------------------------------------ -------------------------------------------
** 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-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:
(BTCUSDT 1D chart)
Comment:
(BTCUSDTPERP 1h Chart)
If it fails to rise above 32275.6 this time, I think it is highly likely to fall below 29840.6.
Accordingly, careful trading is required.
If support is found above 32275.6, I would expect a move towards the 34813.3 area.
Accordingly, careful trading is required.
If support is found above 32275.6, I would expect a move towards the 34813.3 area.
Comment:
Structural issues in the coin market have been raised as BTC has become known to the world.
The decrease in liquidity that occurred as it began to decline from the 60K level created a new service for the coin market, and a lot of funds moved to deposit services such as earn, staking, DeFi, Landing, and Farm services.
I think that this phenomenon is an opportunity for the coin market to develop one step further.
If this liquidity decrease problem is resolved, the coin market is expected to face a big uptrend.
The decrease in liquidity that occurred as it began to decline from the 60K level created a new service for the coin market, and a lot of funds moved to deposit services such as earn, staking, DeFi, Landing, and Farm services.
I think that this phenomenon is an opportunity for the coin market to develop one step further.
If this liquidity decrease problem is resolved, the coin market is expected to face a big uptrend.
[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/
