Bitcoin Cash (BCH) - March 22Hello?
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You should watch for any movement that deviates from the 494.98110330-600.59767260 section.
In particular, it remains to be seen if it can rise along the uptrend line (2).
If it falls at 435.40010001, you need Stop Loss to preserve profit and loss.
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(BCHUSDT 1D chart)
It remains to be seen if it can rise above the 599.94 point by following the uptrend line.
If it falls between 448.01-485.99, Stop Loss is required to preserve profit and loss.
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(BCHBTC 1D chart)
We need to see if we can move sideways by ascending to the 0.009703-0.010454 segment.
If it falls, you need to make sure you get support at 0.008467.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 published by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
