readCrypto

Bitcoin (BTC) - March 12

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
Hello?
Traders, welcome.

If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.

-------------------------------------

(XBTUSD 1h chart)
An important support for the current price range is the 37265.0-38225.0 range.

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.

If it goes down, I think it is a pull back pattern that can be seen when forming a bottom section.


- 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.


A significant period of volatility on the 1h chart is around March 14th.

------------------------------------------

(BTCUSDTPERP 1h Chart)

------------------------------------------

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.

------------------------------------------------------------ -----------------------------------------------------

** 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.)

---------------------------------
Comment:
(XBTUSD 1D Chart)
Large volatility is expected in the near future as the Bollinger Bands are contracting.

Therefore, it is important to keep the price above the 37265.0-38225.0 interval.

Also, if the movement continues out of the downtrend line (3), I expect to see some direction around March 15th.

To get out of the bottom section, you must climb above 40163.5 points.
Comment:
(BTCUSDTPERP 1h Chart)
(UTC)
In order to rise above the 60SMA level, it is necessary to check whether the rate can rise above the 39228.8 point.

Bollinger Bands are starting to contract anew.

You should check the volatility between March 12-13.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.