BTCUSDT on a further bullish price action? 🦐BTCUSDT on the 4h chart after the break of the daily channel perfectly retested the support area.
The market is now moving at the 23k above the structure.
How can i approach this scenario?
I will wait for a break of the minor resistance and in that case i will set a nice long order according to the Plancton's strategy.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Btc-usdt
BTC dwindling prices!!Despite some Bitcoin trickery, the overall view for the immediate future is still negative but will be keeping Stops as tight as possible.
Whatever happens, buying these cryptocurrency assets at the time just doesn't feel right, especially when there are no obvious or convincing technical indicators for long positions.
Until additional price movement is observed, it is hard to rule For or Against this asset hitting the $15k level.
Perform your DD! Nothing is etched into stone, the markets is king Always!
Cheers to trading!
CTK Perfect Play! Both TP's HitBoth TP's hit...We wait a little bit but the plan and execution was good...
Bitcoin Short-Term Buy to 23kAfter the recent drop from 24200 to the major support level at 20700, bears have failed to break it down and respectively BTC has bounced back up from 20700. It looks like bulls will try to take 24k again. Stop Loss should be below 20700 and TP before the resistance at 24200.
BTCUSDT Potential for Bullish Continuation | 28th July 2022now
On the H4, with the price breaking out of the descending channel and moving along the long term ascending trendline, we have a bullish bias that price would rise from buy entry at 22218.45 where the overlap support is to the take profit at 24324,67, which is in line with the swing high. Alternatively, price could drop to stop loss at 20835.58 where the overlap support and 61.8% fibonacci retracement are. Take note if the price keeps going down, it may drop to the support at 18814.47, where the significant swing highs are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Bitcoin (BTC) - July 26Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1W Chart)
RSI Indicator: Oversold Zone
Stoch RSI Indicator: Overbought Zone
Therefore, it is expected to show mixed results.
It is necessary to determine where support and resistance are received.
(1D chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
1st support: 21481.1-22471.5
Second support: 19930.6-20564.2
The key is whether it can be supported in the 21481.1-22471.5 section and rise to the first resistance section.
The next volatility period is around July 31st.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
You need to see support at the 21481.1-22471.5 section and see if it is moving along the uptrend line.
It can temporarily touch the 20564.2-21481.1 section and rise, so be prepared for this.
At this time, if it fails to move above 22471.5, it is likely to lead to further declines.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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 through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - July 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
2nd support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above 29812.52 for support.
- If the price is maintained above the HA-Low indicator line (21838.98), it is expected to lead to further gains.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the RSI moves out of the oversold zone and the Stoch RSI enters the overbought zone, a short-term high is likely.
It is not known to what point this short-term high will rise.
Expect to touch the 23733.48-25389.99 segment (up to 27033.35-29812.52).
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- Support above the HA-High indicator line (22753.10) is expected to lead to further gains.
Therefore, the key is to maintain the price above the 22487.41-22753.10 interval.
- If the Stoch RSI indicator enters the oversold zone, you should check where support and resistance are found.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
The interval 27033.35-29812.52 is the interval that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53, Stop Loss is required.
The volatility between July 24-26 requires checking to see if there is any movement out of the 21475.02-23733.48 section.
------------------------------------------
(USDT + USDC 1D Chart)
If the flow of money doesn't show a clear uptrend, the coin market won't be able to turn upside down.
USDT needs to move higher than 68.468B for a clear uptrend.
(1W chart)
------------------------------------------------------------
- For this uptrend to lead to an uptrend, more funds must first flow into the coin market.
- An uptrend that emerges from an otherwise unfavorable situation is nothing more than a rebound that can come from a downtrend.
- In such market conditions, trading should respond to volatility with short-term trading.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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.)
---------------------------------
BTCUSDT Potential for Bearish Continuation | 25th July 2022On the H4, with price breaking the bullish trendline, we have a bearish bias that price may drop from our 1st support at 21639.42, which is in line with the overlap resistance and 50% fibonacci retracement to 2nd support at 20794.61 where is in line with the 61.8% fibonacci retracement. Alternatively, the price may rise to 1st resistance at 23090.36, which is in line with swing high.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Bitcoin (BTC) - July 24Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
Support: 21481.1-22471.5
The key is whether it can be supported in the 21481.1-22471.5 section and rise to the first resistance section.
If it falls below 21481.1, I expect it to fall below 20564.2.
The next volatility period is around July 31st.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
You need to see support at the 21481.1-22471.5 section and see if it is moving along the uptrend line.
It can temporarily touch the 20564.2-21481.1 section and climb, so be prepared for this.
At this time, if it fails to move above 22471.5, it is likely to lead to further declines.
------------------------------
(USDT + USDC 1D Chart)
Money inflows and outflows are happening repeatedly.
A large pre-emptive influx of funds is expected to signal an uptrend in the coin market when USDT rises above 68.468B.
In order for the weight of USDT to be lower and the weight of USDC to increase, I think that it is possible only if there are more USDC markets on the exchange.
Currently, the USDT market is more active on exchanges, so I think the inflow of funds through USDT is more important.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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.)
---------------------------------
BTC/USD LONG Looks literally same like scamp pump last week ... sunday dump till wednesday scam dump on cpi reports than pump all week ... next wendsday is fomc so i bet they will dumping it till fomc report and than scam pump .. there was also strong corelation with spx and they looks bit bearish (imgur.com) so theres a option btc will follow again .. also options for 29 july are pretty bullish (imgur.com) + long short ration also showing that theres more liquidity on other side mean like under 22k (imgur.com)
Bitcoin (BTC) - July 23Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI indicator enters the overbought zone, it is expected that the RSI indicator will break out of the oversold zone.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
Primary Resistance: 23733.48-25389.99
Secondary resistance: 27033.35-29812.52
If the resistance section is divided in detail, it can be divided into a section 23733.48-25389.99 and a section 27033.35-29812.52.
These sections refer to the section where the diagonal Fibonacci line and the horizontal Fibonacci line pass.
Therefore, the entire section 23733.48-29812.52 becomes the resistance section.
The support zone is the same as mentioned in the description of the 1W chart.
- The RSI indicator is located in the overbought zone.
- The Stoch RSI indicator is falling in the overbought zone.
- In the CCI-C indicator, the CCI line is maintaining above the EMA line and the -100 point.
So, finding support near 22487.41 could lead to further upside.
However, as the Stoch RSI indicator is falling in the overbought zone, the extent of fluctuation is expected to be determined depending on whether it can be supported near 22487.41.
When the Stoch RSI falls below 50, the key is to find support above 21475.02.
Therefore, what is important in the current position is whether it can be supported and climbed in the 21475.02-22487.41 section.
I have a sense of telling you in advance, but the section 27033.35-29812.52 is the section that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
Therefore, Stop Loss is required if it falls in the section 27033.35-29812.52 and receives resistance at 26574.53.
------------------------------------------
(USDT + USDC 1D Chart)
You can see that new funds have flowed into the coin market.
(1W chart)
However, we believe that there is a possibility that the coin market will turn to an uptrend when the USDT chart still rises above 68.468B.
------------------------------------------------------------ -----------
(US 100 CFD (Nasdaq) 1D Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
In particular, the 12374.1 point is the point on the 1W chart where an uptrend is likely to begin.
Therefore, if support is found near the 12374.1 area and rises, an attempt to break above the 12932.3 area is expected.
The days when the BTC chart and the Nasdaq futures chart are decoupled are increasing.
Therefore, it is highly likely that the coin market will show a different trend than the stock market.
Those who invest in the coin market by referring to the flow of the stock market, please invest with this in mind.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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.)
---------------------------------
Bitcoin (BTC) - July 22Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary Resistance: Rising Channel (23722.8-25373.3)
Secondary resistance: 27054.1-29840.6
The RSI and Stoch RSI indicators are located in the overbought zone.
If it does not break out of the overbought zone, it is expected to lead to further gains.
To that end, it is important to see support at 22471.5 or higher.
If it fails to rise to the rising channel (23722.8-25373.3), the first resistance section, you should check to see if support is found in the section 21481.1-22471.5.
The volatility period is around July 23 (July 22-24).
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether it can be supported by rising to the 23722.8-25383.3 section.
Also, you need to make sure you can move up along the uptrend line.
In the CCI-C indicator, the CCI line fell below the +100 point and below the EMA line, which is likely to lead to further declines.
So, beware of volatility.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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.)
---------------------------------
Bitcoin (BTC) - July 21Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: 21475.02
Second support: 13137.51-15916.68
In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.
Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.
- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.
- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.
When the Stoch RSI enters the overbought zone, it is expected that the RSI will break out of the oversold zone.
It will also form a short-term high, so it is likely to create the first pull back pattern.
With this first pull back pattern, there is a possibility that it will move back towards the 21475.02 area, but the key is whether it can break out of the downtrend line.
We need to see if we can break through the intersection of horizontal and diagonal Fibonacci upwards.
- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.
So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.
(1D chart)
The key is to maintain the price above the 21475.02-22487.41 zone and move towards the resistance zone.
The maximum possible climb is expected to be 27033.35-29812.52.
If it falls below 21475.02 and finds resistance, there is a possibility of a sharp drop, so trade cautiously.
At this time, the key is whether it is supported in the vicinity of 18719.11.
------------------------------------------------------------ -----------
- The US 100 CFD (Nasdaq) chart moved higher to the 12212.6-12932.3 section, an important support and resistance section.
The key is to find support and move higher on the 1W chart at 12374.1, which is likely to move higher.
- If BTC dominance rises when BTC price rises, altcoins are likely to go sideways or fall.
This is because the funds are concentrated towards BTC.
- At this time, the important thing is that the USDT dominance should decrease.
This is because when the USDT dominance rises, it means that the sell-off is dominant in the coin market.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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.)
---------------------------------
BTCUSDT 25k is possible? 🦐BTCUSDT after our previous idea retest as expected the daily resistance and moved higher.
The price is trading near to the upper trendline of an ascending channel exactly at the 0.382 Fibonacci level creating an interesting confluence zone.
How can i approach this scenario?
I will wait for the EU market open and look if the bulls will have enough strength to push the price higher to the 0,5 Fib level at the 25k.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Bitcoin (BTC) - July 20Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether you can break through the bullish channel of the two uptrend lines upwards.
If the upward break fails, you should check to see if support is found in the 21481.1-22471.5 section.
The 27054.1-29840.6 interval is the interval that determines the trend.
Therefore, if you touch this section and fall, you need Stop Loss to preserve profit and loss.
As mentioned before, the coin market is experiencing liquidity problems.
Therefore, in order to solve these problems, funds must flow into the coin market.
Whether the money in the coin market is flowing in or out can be easily seen with the USDT and USDC charts.
Although a lot of money has flowed into the coin market, funds have started to flow out of the coin market due to recent global issues.
In addition, when services such as deposit services (Earn, Staking, Farm, Landing) are activated in the coin market, funds are stagnant.
The liquidity problem that has arisen from this is a problem that the coin market has to face in order to expand into a larger market.
Due to this, I think that the structural problems of the coin market and various problems of coins and tokens will be supplemented.
For the coin market to lead to a full-fledged uptrend, it must rise above 29K.
To do this, I think that funds must first flow into the coin market.
Otherwise, we don't expect the bullish to continue even if it rises above 29K.
(US 100 CFD (Nasdaq) 1W Futures Chart)
The 12212.6-12932.3 zone is an important support and resistance zone.
Therefore, it is important to be supported and continue the uptrend within this section.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
The key is whether it can be supported by rising to the 23K-25K section.
If it is not supported, you should check to see if it is supported at 21481.1 or higher.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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.)
---------------------------------
BTCUSDT is testing the daily resistance 🦐BTCUSDT on the daily chart reached the daily resistance at the 22k.
The price after a triple bottom at the recent lows might have the strength to retrace further up to the 0.382 fibonacci level.
How can i approach this scenario?
I will wait for the market open and in case the price will break above i will move on the 4h chart to check an entry according to the Plancton's strategy rules.
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Bitcoin (BTC) - July 19hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
You need to check if it can be supported at 21475.62 or higher.
Since the RSI indicator has not yet moved out of the oversold zone, careful trading is required.
(1D chart)
It is necessary to check whether there is any movement out of the section 18719.11-22487.41.
The next volatility period will be around July 25th, but it will be important to be able to touch the resistance zone of the two bands shown on the chart by around August 10th.
To do that, you need to keep the price above 21475.02.
For the coin market to show an overall upward trend, it must rise above 29812.52.
So, the current movement is likely a rebound from a downtrend.
Therefore, it is necessary to increase the holding quantity while responding to short-term trading.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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 through split trading. It is a short-term investment perspective.)
---------------------------------
Long BTC: Confluence at 4H SupportAs shown in the chart, BTC has a confluence at 4H support. You may long now with the stop-loss and profit targets mentioned on the chart or otherwise wait for a potential re-test.
This is not a financial advice, just an idea based on amateur technical analysis of the crypto market. Invest at your risk.
Goodluck!