We need to see if we can get support at 55828.0 and climb along the upward trend line.
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
You have to see if the flow of section A is the same.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate.
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
You have to see if the flow of section A is the same.
It remains to be seen if the center line can rise as the green of OBV in the volume indicator increases.
On the wRSI_SR indicator, it remains to be seen if the RS line rises above 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, we must see if the CCI line and EMA line can intersect.
If it rises to the 60904.0-63442.0 section, BTC is expected to re-orientate.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/