Bitcoin (BTC) - April 29

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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
snapshot
Resistance: 46487.52-49266.69

1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0

Strong support: 27033.35-29812.52



(1D Chart) - Short-Term and Swing Perspectives
snapshot
1st resistance: around 42373.73
2nd resistance: around 45135.66

Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55

If the decline fails to rise to the 39942.38-40526.64 section, it is likely to lead to further declines.

Therefore, it is necessary to check whether it rises above 39942.38.

- When receiving resistance in the section 40526.64-42373.73, Stop Loss is required.

Entry is possible only when it rises above 40526.64 and shows support.

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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-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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Note
(BTCUSDTPERP 1h Chart)
(UTC) snapshot
It does not rise above 40500.3, that is, the 40402.-40640.1 section, and shows a downward trend.

Accordingly, it is necessary to check whether it is sideways in the 39317.2-40402.0 section.
Note
It's a futures chart, but I'll explain how to trade on a spot chart.

(1h chart)
snapshot
Let's say you sold in the 1st or 2nd interval.

And, assuming that you did not buy when you touch point 3,

Currently, in the situation where the MS-Signal indicator does not rise more than the MS-Signal in section 4, psychologically, I think that it will rise further.

At this time, since the Long/Short indicator is pointing to Long, I think it will rise further.

In conclusion, if the price holds above the 39317.2 point at point 3, the price will move up around 39915.9 or above.

The reason is that the 40402.0-40640.1 section, which is section A, could not be touched, and it fell without accompanying trading volume.

However, if it falls below 39317.2, it is expected to decline as trading volume increases.

Therefore, it is recommended to proceed with the trade after confirming support and resistance across point 3, 39317.2.


The Long/Short indicator is an indicator that briefly shows the rise and fall by referring to various indicators.

This indicator lags behind the support and resistance points plotted on the price chart.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD

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