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(BTTUSDT 1W Chart) If the price holds above the 0.0018650 point, it is expected that the uptrend will continue.
An important support interval is the 0.0008086-0.0011422 interval. So, if you fall from the 0.0018650 point, it will likely touch 0.0008086-0.001142 and move higher, so you should also consider preparing for it.
(1D chart) We need to see if we can find support by moving up towards the 0.0026990-0.0035393 section.
If the price holds above the 0.00355393 point, it is expected to turn into an uptrend and move higher.
It remains to be seen whether the increase in the green of the OBV on the volume indicator will cause the center line to rise.
In the CCI-RC indicator, we need to see if the CCI line rises above the EMA line to see if it can turn into an uptrend. At this time, volatility may occur, so careful trading is required.
It remains to be seen whether the RS line can sustain above 80 on the wRSI_SR indicator. If the RS line moves below 80, it could indicate a short-term downtrend. At this point, it is important to be supported at the 0.0023845 point.
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We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
** 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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.
Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
So we may still face the next low despite the BTC surge to 40k ?
readCrypto
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@tae9141, Assets at lower prices usually have a lot of circulation.
It takes time to absorb these quantities.
It may take a long time for it to rise above 0.0087 USDT.
tae9141
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@readCrypto I understand. However looking at your chart retest of lower price around 0.001 is also a possible scenario?
readCrypto
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@tae9141, (BTTUSDT 1W Chart)
The interval 0.0008086-0.0011422 is an important volume profile interval.
Keeping the price above the 0.0018650 point will give you the strength to move up when the major coin rises.
If it falls from the 0.0018650 point, it is likely to enter the mid- to long-term investment zone, and it is likely that it will take a long time to rise again as people who bought in the 0.0008086-0.0011422 range may sell additionally to preserve profits.
The current section is an important section for the uptrend, and if the price is maintained by rising to the range of 0.0029203-0.0035120, it is expected to accelerate the uptrend.
tae9141
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@readCrypto Thank you very much. So given that the price is maintained 0.0029 - 0.0035 range, it is possible uptrend will continue or didmi misinterpreteit
JAM55555
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Great explanation, thanks for sharing your analysis and thoughts :)