Bitcoin (BTC) - May 5hello?
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(BTCUSDTPERP 1D Chart)
Primary resistance: 39915.9-40500.3
Secondary resistance: around 45163.4
Support: 35280.2-38200.0
- 37243.4-38200.0
- 35280.2-36230.0
During the volatility period of May 2-4, it approached the 39915.9-40500.3 section, the first-order resistance section.
However, if you do not find support within the 39915.9-40500.3 range, further declines are likely, so trade cautiously.
In other words, it could fall to the 35280.2-36230.0 section.
The reason for this is that the trend shown so far is in a downtrend. (To be precise, it is in the middle of a downtrend in the sideways section.)
The 39915.9-40500.3 interval is an important interval that can change the trend shown so far.
We need to see if we can find support and move up within the uptrend channel.
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.
Indicators passing through section A are inversely arranged.
Therefore, it is highly likely that volatility will occur, so you need to trade with caution.
The point to watch is whether you can climb to the 39915.9-40500.3 section.
If it does not ascend, you should check to see if it is converging on the 38711.8-39915.9 section.
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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 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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