readCrypto

Bitcoin (BTC) - March 14

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BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.

The 42084.0-47010.0 section is a support section for creating a new wave.

27650.0-33101.0 section: strong support section


(1D chart)
Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5

The convergence interval is approximately 35028.0-45211.0 interval.

If the price falls below the 37265.0 point, there is a possibility that it will fall near the 32290.5 point, so you need to trade cautiously.

The price must remain above the 42084.0 point to turn into an uptrend.


The next most volatile period is around April 13th.

However, if you do not deviate from the convergence of the Bollinger Bands, you should watch closely for the movement of the volatility period around March 21st.


(1h chart)
If it falls below the 37265.0-38225.0 section, there is a possibility that it may fall below the 32290.5 point, so a short-term stop loss is required.


- Important sections formed in the 1h chart
Low, downtrend reversal, support section: 38580.5-39239.5
High, uptrend reversal, resistance section: 42022.5-42238.8


Therefore, when the price is maintained above the range of 37265.0-38225.0, the box section as above is formed.


If it rises above the 42022.5-42238.8 section, an attempt to climb above the 45211.0 point is expected.

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(BTCUSDTPERP 1h Chart)
(UTC)
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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 the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the 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 be able to regenerate themselves.

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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:
(BTCUSDTPERP 1h Chart)
(UTC)
The section 37243.4-38200.0 is an important section for the current movement.

Therefore, it should be supported in the range 37243.4-38200.0.


- Important sections formed in the 1h chart
Bottom, downtrend reversal, support section: 38547.8-39228.8
Highs, uptrend reversal, resistance section: 42033.5-42233.4

We need to see if we can continue the uptrend along the uptrend line (1).

In particular, you need to make sure you can keep the price above the 40189.4 point.


If the price holds above the 38200.0 point until around March 18-20, I expect it to surge and try to move above the 45163.4 point.


A decline below the 37243.4 point is likely to lead to a move towards the 32275.6 point.

[Example of exchange chart setup]

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

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