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readCrypto
Mar 19, 2022 11:37 PM

Bitcoin (BTC) - March 20 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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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


If it falls below the 37265.0 point, there is a possibility that it will move towards the 32290.5 point.


(1D chart)
Resistance section: 46695.0-49518.0

Support section: 26932.0-29755.5


If the price is maintained above the 40163.5-42084.0 zone, it is expected to turn into an uptrend.

Therefore, it is necessary to check the movement between March 20-23.


Attempts to reverse the trend continue to emerge as the Bollinger Bands begin to contract, frequently crossing the M-Signal on the 1W chart.

Therefore, it is important to keep the price above 42084.0 (minimum 40163.5) to reverse the trend.


The next most volatile period is around April 13th.

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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 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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Comments
Crystal_22
Hi, would you tell a few words about the M-Signal? What is the signal? Thank you for sharing the ideas
readCrypto
@Crystal_22, Thank you for posting.
M-Signal is the same concept as MS-Signal.

The MS-Signal indicator was created using the MACD formula.

Looking at the overall flow of the chart, it can be interpreted that if the price is above MS-Signal and M-Signal, it is highly likely to continue the upward trend, otherwise, it is highly likely to continue the downward trend.

If the MS-Signal and M-Signal indicators are displayed with a red line, it means that there is a high probability of a decline.

MS-Signal indicator shows the trend of the chart you are currently looking at.

The M-Signal indicator makes it possible to display only the M-Signal line of the MS-Signal indicator of the chart you want to see on the current chart.

You can select the chart you want to display in the MRHAB-B indicator settings.

The formula for the indicator is not disclosed, but if you share this chart, you can use the indicator without any restrictions.
AxiomEx
Most likely will touch 45 again and head down
readCrypto
@divitiaecrypto, *** How to trade with Heikin Ashi candles ***

(BTCUSD 12M Chart)

You must have touched 27678 or lower before the downward force is stronger.

(6M chart)


(3M chart)


(1M chart)


If you look at the 6M, 3M, and 1M charts, you can see that around 35K is playing an important role.

Therefore, as long as it does not fall below 35K, it can be said that it is maintaining an upward trend from a mid- to long-term point of view.

Yes. I think the 45K-47K section is a psychological resistance section.
A sharp break through this section is expected to accelerate the uptrend.
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