Bitcoin (BTC) - April 23

By readCrypto
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Updated
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
snapshot
Resistance: 46487.52-49266.69

1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0

Strong support: 27033.35-29812.52



(1D Chart) - Short-Term and Swing Perspectives
1st resistance: around 42373.73
2nd resistance: around 45135.66

1st support: 39942.38-40526.64
Second support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55

Looking at the big picture, the 38150.02-42373.73 section is a sideways section.
However, it only looks dangerous in terms of flow.

In fact, falling below the uptrend line (1) is risky.

(buy)
- After confirming the support in 40526.64

(Stop Loss)
- When the resistance falls below 39942.38

(Sell)
- When receiving resistance near 42393.73
- When receiving resistance near 45135.66


(buy)
- After confirming the support at 38150.02

(Stop Loss)
- When it falls below 37253.81 and receives resistance
- When it falls below 35045.0

(Sell)
- When resistance is received in the section 40526.64-42373.73
- When receiving resistance near 45135.66

A move above 49152.47 is expected to lead to a surge.

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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-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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)
snapshot
It fell below 40500.3, but the indicator has not yet converted normally.

Therefore, there is a high possibility of additional volatility (whipsaw), so careful trading is required.

The 40402.0-40640.1 section is the boundary section between the uptrend and the downtrend in the current flow.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDbtcusdtpBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD
readCrypto
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