readCrypto

Bitcoin (BTC) - March 22

readCrypto Mod Updated   
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


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) Support section: 39642.8-40417.9

Volatility is likely to occur as it moves off the 41037.3-41273.2 interval.

If the price holds above 41037.3, I expect an attempt to break through the 42125.5 point.

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(BTC.D + USDT.D chart)
BTC Dominance is finding resistance at 43.75.


We need to see if the USDT dominance can move below the 4.158 point as it declines from the uptrend line (1).

Looking at the USDT dominance chart, around March 26-April 7 is the volatility period.

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(USDT + USDC chart)

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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) You need to make sure that it closes at the 42125.5 point or higher.

In particular, you need to check whether more than 45163.4 attempts can be made between March 23-24 (up to March 22-25).

If it moves below 42125.5, we should check for support at the 39642.8-40417.9 zone.

If it does not find support, there is a possibility that it will decline to the 1st round of 37243.4 and move towards the 2nd round of 32K.


The 46599.4-49345.9 interval is the interval that determines the trend.

Therefore, if it rises to this section, it is expected that the trend will continue in the direction out of this section.

Therefore, when it falls below 45163.4, a short-term Stop Loss is required.

[Example of exchange chart setup]

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

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