Bitcoin (BTC) - April 2Hello?
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(BTCUSDT 1M Chart)
The intervals that determine the trend are circled.
It found support above the Heikin Ashi body candle, indicating a reversal to an uptrend.
Accordingly, it can be seen that the 46487.52-49266.69 section is an important turning point in the current reversal of the uptrend.
On the wRSI_SR indicator, the RS line is moving upwards above 20.
However, since it is a chart with a long period, the change in movement is quite slow, but it is more likely to lead to a bigger uptrend.
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53
1st support: around 38150.02
Strong support section: 27033.35-29812.52
The wRSI_SR indicator shows that the RS line has risen above 80, indicating that it will decline in the not-too-distant future.
Therefore, it is necessary to check where the resistance and support are found when the RS line is falling.
When BTC attempts to break through the 49266.69 point, it is expected that the CCI line will rise above +100 and above the EMA line on the CCI-RC indicator.
(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02
1st support: 45135.66-46827.76
Second support: around 42373.73
The 46487.52-49266.69 interval is the interval that determines the trend.
So, which direction you deviate from is important.
As the highs (46827.76, 49152.47) are included, support and resistance are expected to be strong as they move out of this range.
The keypoints are 45135.66, 49152.47.
In the wRSI_SR indicator, when the RS line starts to fall below 80, it is necessary to check where the price is supported.
In the CCI-RC indicator, it is necessary to check whether the CCI line rises above the zero point and can lead to an attempt to rise above the +100 point.
Volatility can occur when the CCI line crosses the -100, 0, +100 points, so trade cautiously.
(buy)
- After confirming the support at the 46487.52 point
- After confirming the support at the 49266.69 point
(Stop Loss)
- When it falls below 45135.66 and receives resistance
- When it falls below 42373.73 and receives resistance
(Sell)
- 54825.02 is a psychological resistance section when receiving resistance
- When receiving resistance in the section 60383.36-63162.53
Combining the descriptions of the 1M, 1W, and 1D charts,
- The 46487.52-49266.69 section will play an important role in determining the future trend.
- The area around 42373.73 is likely to be a significant turning point in this uptrend.
- If it rises above 49266.69 and continues the uptrend, it is expected to renew ATH.
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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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 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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