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Bitcoin (BTC) - May 26hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. In particular, you should see support at the 28951.7-29840.6 section and see if it rises above 30437.0. This is because the MS-Signal indicator is approaching the 30437.0 point. Volatility is expected as it is expected to touch the MS-Signal indicator in the near future. I think this volatility will create a trend. The next volatility period is around June 5th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 25hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93. If it moves lower from 28923.63, they should check to see if support is found near 27033.35. The MS-Signal indicator is expected to touch down in the not-too-distant future. When you touch the MS-Signal indicator, volatility is expected to occur, so it is recommended to think of a strategy in advance. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 24hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. It needs to move above 32275.6 to find support in order to turn into an uptrend. It is showing a failure to rise above the 30437.0 point, which is the MACD-P indicator. Accordingly, if it rises above 30437.0, it is expected to rise above 32275.6. In the current flow, I think it is meaningful to find support in the 28951.7-29840.6 section. The reason is that the -100 point (29274.3) of the CCI is marked. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. Section 28951.7-29840.6 passes CCI-100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 23hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 It needs to move above 32259.9 to turn into an uptrend. Accordingly, the increase in trading volume (over 88.696K) should continue. We should see if there is an attempt to move higher above 32259.90 while holding the price above 29812.52. Currently, the price is rising as the volume is decreasing. In this case, if the selling price increases even a little, a sharp decline can occur, so careful trading is required. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 22 (RSI Indicator)hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSD 1M Chart) The RSI line is approaching an all-time low. (1W chart) The RSI line is falling below the low of the week of March 9, 2020. (1D chart) The lowest RSI since BTC price hit ATH was January 20, 2022. If the current price moves sideways, we expect the 1W chart to break out of the RSI oversold zone in the near future. I think this movement can be interpreted as a movement to get out of the floor section. However, it is important to check whether the RSI finds support in the 27K-29K range, as the RSI may fail to move higher after exiting the oversold zone and may lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
COINBASE:BTCUSD
by readCrypto
Bitcoin (BTC) - May 21hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. To convert into an uptrend, it needs to move above 32275.6 to find support. The volatility period is around June 5th. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 20hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term point of view, it needs to rise above 40K to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section. Accordingly, the increase in trading volume (over 88.696K) should continue. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 19hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. To convert into an uptrend, it needs to move above 32275.6 to find support. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - May 18hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The indicators passing through points 32259.90 and 35045.0 are inverted. As a result, volatility may occur around this interval. The key is whether you can get support in the section 27033.35-29812.52. From a mid- to long-term point of view, it needs to rise above 40K to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section. Accordingly, the increase in trading volume should continue. When passing the 32259.9-35045.0 section, I believe that the volume should continuously occur above 88.696K. The indicator corresponding to the -100 point of the CCI indicator is rising from 7354.11 to 29287.05. Therefore, if it falls below 29287.05, there is a possibility that it will turn into a downtrend, so you need to trade cautiously. Taken together, the 27033.35-29812.52 section is an important support section. The next volatility period is around June 5th. ------------------------------------------------------------ ------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
Bitcoin (BTC) - May 17hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. The key is whether the 27054.1-29840.6 zone can support and move up. To convert into an uptrend, it needs to move above 35280.2 to find support. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. The section 28951.7-29840.6 passes the CCI -100 point. Therefore, it is important to keep the price above the 28951.7-29840.6 interval. However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required. A weak volume profile section is formed over the section 30971.3-34813.3. Therefore, it needs to move above 35280.2 to continue the uptrend. ------------------------------------------------------------ ------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 16hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The indicators passing through points 32259.90 and 35045.0 are inverted. As a result, volatility may occur around this interval. With the current volume above 612K, we believe the minimum volume for a reversal has occurred. It is expected to be a week to see if support can be found by moving up to the 32259.9-35045.0 section. From a mid- to long-term perspective, it needs to rise above 40K to continue the uptrend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section. Accordingly, the increase in trading volume should continue. When passing the 32259.9-35045.0 section, I believe that the volume should continuously occur above 88.696K. The indicator corresponding to the -100 point of the CCI indicator is rising from 7354.11 to 29287.05. Therefore, if it falls below 29287.05, there is a possibility that it will turn into a downtrend, so you need to trade cautiously. Taken together, the 27033.35-29812.52 section is an important support section. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
3
Bitcoin (BTC) - May 15hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Volume rose over 612K, which was above average. However, I think it is still not enough to reverse the trend. Volume is expected to rise above 1.224M for an opportunity to reverse the trend. (BTCUSDTPERP 1D Chart) Resistance: 35280.2-38200.0 Support: 27054.1-29840.6 The 27054.1-29840.6 zone is an important support and resistance zone. Therefore, if it falls below 27054.1, there is a possibility of a sharp movement and a touch near 21481.1. These moves are likely to be temporary and are expected to rise above 27054.1 again. The key is whether the 27054.1-29840.6 zone can support and move up. It needs to move above 32275.6 to find support in order to turn into an uptrend. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. It's a good idea to check which direction you're heading off the 28951.7-29840.6 section. A move above 29840.6 is expected to trigger a breakout attempt to move above 30971.3. At this time, if the breakout fails, there is a possibility that it will fall to around 27054.1, so careful trading is required. A move above 30971.3 to find support is expected to lead to further upside. If it moves below 28951.7, we should see support near 27054.1. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
2
Bitcoin (BTC) - May 14hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 It is important to have support in the section 27033.35-29812.52. If it falls below 27033.35, it is expected to turn into a downtrend from a mid- to long-term perspective. However, looking at the diagonal Fibonacci, I think there is a high possibility that it will temporarily fall below 27033.35 and then rise. We need to see if the volume can rise above 1.224M this week. If the volume rises above 1.224M, I think it is highly likely to reverse the trend. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 Support should be found in the 27033.35-29812.52 zone as more volume occurs. In particular, the volume above 88.696K should continue to occur. Since the volume profile section is formed around 28923.63, it is more important to be supported in the section 28923.63-29812.52. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 13hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Primary resistance: around 35280.2 Secondary resistance: around 38200.0 Support: 27054.1-29840.6 - around 27054.1 - 28951.7-29840.6 If the 27054.1-29840.6 section is supported with a trading volume of 766.5K or more, it is expected to rebound. However, you should watch the flow carefully as there is a possibility that it may move near the uptrend line before moving up and then move up. It must rise above 35280.2 to turn into an uptrend. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. It is falling while failing to rise above 29840.6. It is necessary to check whether there is support in the section 27054.1-28951.7. If it finds support (if it finds support again near the 27054.1 area), it is expected to lead to a move towards moving higher above 29840.6 again. If this attempt fails, it is likely to drop below 27054.1, so trade cautiously. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
1
(Un)stablecoinsBe aware, there's a reoccurring theme in stablecoins lately, and doesn't seem to be getting better yet. Many crypto/assets are down more about 50% in a few weeks! Now would be a good time to partially close some shorts issued against stablecoins, or if you sold lots of crypto and hold stablecoins which are still lucky enough to be stable: USDT, BUSD, and a few small others. There seems to be a theme like falling dominoes of failing pegs, for various reasons, including a combination of cyclical pressure, delays in peg liquidity, activist traders, and others. In all the panic and crazyness, a decent short-term long entry is not out of the question if you are into swing trading. I don't want to know will happen if USDT breaks more than a few percent away from the peg, though. Does that mean the dollars are useless and suddenly assets become a good hedge again? Or does everything become worthless? There's risk everywhere and it's often worth waiting. We DO NOT know if it's about to get much worse or not. It's hard to ultimately judge upward/downward risk with such volatility. We could be at the beginning of capitulation or near the middle, but I don't think we are near the end yet. We shouldn't assume it will simply go up if we decide to buy it simply because it's cheap. I'm seeing risky long-term longs until at least June or July. Historically it's not safe to buy a falling knife like this unless you like serious risk, and I wouldn't automatically assume the general market is oversold enough to recover yet, even though it looks oversold. Hopefully this raises some macro awareness if you didn't know about this crazy situation! Let me know what you think, and I hope you weren't holding too many UST. Good luck and don't forget to hedge your bets.
U
by fringe_chartist
1
Bitcoin (BTC) - May 12hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 It is important to have support in the section 27033.35-29812.52. If it falls below 27033.35, it is expected to turn into a downtrend from a mid- to long-term perspective. However, looking at the diagonal Fibonacci, I think there is a high possibility that it will temporarily fall below 27033.35 and then rise. (1D chart) Primary resistance: around 32259.90 Secondary resistance: around 35045.0 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 There is a lot of trading volume above 88.696K. Also, with volume above 177.392K, I think the chances of a reversal are increasing. However, looking at the 1W chart above, it can be seen that the trading volume is not large enough to change the trend in the mid- to long-term as no trading volume above 612K has occurred. Therefore, it is necessary to see if there is enough trading volume to touch 1.224M on the 1W chart with trading volume above the current level this week and next week. A temporary rebound is likely due to an increase in volume above 177.392K on the 1D chart. We need to see if this rebound can find support above 29812.52. Since a volume profile section is formed near 28923.63, it is necessary to check whether a sideways trend with trading volume can be obtained from the current location. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
Bitcoin (BTC) - May 11hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1D Chart) Resistance: 35280.2-38200.0 Support: 27054.1-29840.6 It is showing support, accompanied by higher-than-average trading volume. However, it seems insufficient to change the trend. To change the trend, I think the volume needs to increase above 1.533M. However, if the 27054.1-29840.6 section shows support while maintaining the current volume level, it is expected to reverse the trend. The 27054.1-29840.6 zone is an important support and resistance zone. Therefore, if it falls below 27054.1, there is a possibility of a sharp movement and a touch near 21481.1. These moves are likely to be temporary and are expected to rise above 27054.1 again. (1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. It fell after failing to break above 32275.6. A finding of support at 30776.6 is expected to lead to an attempt to move higher above 32275.6. ------------------------------------------------------------ ------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
❗Black Swan by stablecoins. Threat or opportunity for traders?Hi friends! If it heppen to one UST is it heppen to another stablecoins? Next trigger for BTC dump can be caused by stablecoins instability. In this idea i`ll show you some facts about it! 🦢Black Swan. The last Black Swan in all financial markets happened in 2020 because of Covid-19. The crypto market fell by 64%. After the bull market, the Fed Reserve started raising the interest rate, BTC fell by 56%. What if all the stabelcoins are not secured by anything? If previously the fall of cryptocurrencies was caused by global cataclysms, now we can expect the first black swan only for the cryptocurrency market. With a EXTREME fear in the market and panic sales of retail traders, BTC could fall to $22k or lower. 📊Stablecoins by Market Capitalization: 1. Tether (USDT) - $83B 2. USD Coin (USDC) - $48.5B 3. Binance USD (BUSD) - $17.1B 4. Dai (DAI) - $6.9B 5. TerraUSD (UST) - $6.9B Total: $169.4B ❗It`s almost 10% of TOTAL Crypto market Capitalization (169.4/1400). 💱We all know what happened to Luna and UST stabelcoin. US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year. Even if the LUNA and UST recover to their previous price, a lot of attention will be focused on other stablecoins as well. On the other hand, this is positive for the crypto market and market players, as crypto security will increase. ✅Friends, if you don`t know what to do when BTC fall by 60-75%, check this idea! I made an educational idea for you when BTC was $39k. It describes 3 ways how you can identify the bottom of the market for BTC and Altcoins! Friends, where will Bitcoin bottom price? $20-22k or lower? Or BTC already find the dip and go to renew ATH? Share your ideas in comments! Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
Bitcoin (BTC) - May 10hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDT 1M Chart) Strong support: 27033.35-29812.52 You can see that the trading volume is on a downward trend. This shows that the market atmosphere is waiting. (BTCUSDT 1W Chart) Resistance: around 38150.02 Strong support: 27033.35-29812.52 The section 27033.35-29812.52 is a support section formed by opening the 20K era. Therefore, I think it is a meaningful support section. Therefore, support in the section 27033.35-29812.52 is an important observation point. (1D chart) Primary resistance: around 35045.0 Secondary resistance: around 38150.02 Strong support: 27033.35-29812.52 - 28923.63-29812.52 - Around 27033.35 As it fell below 35045.0, I think the bottom is broken. We need to see if there is support and resistance to form a new floor section. A volume profile section is formed at the 28923.63 point. Therefore, it is necessary to check whether a sharp movement or an increase in trading volume occurs as it approaches 28923.63. If the downtrend is slowed by such a move, I think it is highly likely to lead to a strong rebound. The next volatility period is around June 5th. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ---------------------------------
by readCrypto
2
Bitcoin (BTC) - May 9hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (BTCUSDTPERP 1W Chart) Resistance: 37243.4-38200.0 Support: 32275.6-35280.2 Strong support: 27054.1-29840.6 As with the previous flow of sections A and B, it is necessary to check whether support can be obtained near 32275.6 this time. A break below 32275.6 is expected to touch the uptrend line (1). However, there is a possibility that it may rise within the square drawn in the 35280.2-38200.0 section, so careful trading is required. (BTCUSDTPERP 1D Chart) Primary resistance: around 38200.0 Secondary resistance: 39915.9-40500.3 1st support: around 32275.6 2nd support: 27054.1-29840.6 It is expected to break below the bottom section formed by falling below 35280.2. This means it will continue to decline further until it forms a new bottom. However, we need to check if it leads to a sharp rise like this trend when it declines to around 32275.6. If there is no sharp rise and a steady decline below -10% means that expectations for an uptrend are relatively low, the trade can proceed. As the price rose above 20K, it formed a new support zone in the 27054.1-29840.6 zone. Therefore, a decline to the 27054.1-29840.6 section is expected to receive strong support. (1h chart) (eng) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart. (The OBV indicator displayed in the price chart is an indicator that will be displayed in the price chart by changing the formula from the existing secondary indicator OBV indicator.) It is necessary to check at which point the newly formed OBV indicator point is formed. The OBV indicator rose from 7230.4 on May 6 to around 35980.3. Since then, the price has decreased and is currently forming around 34813.3. It is important to be able to sustain the price above the OBV indicator point. The OBV indicator is the indicator you want to display when passing the '0' point. A point of '0' on the OBV indicator means that the buying and selling pressures are equal. Therefore, it can be interpreted that buying is dominant when it rises above the OBV indicator point indicated on the price chart. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
2