Bitcoin (BTC) - May 4
Updated
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(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69
1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0
(1D chart)
Primary resistance: around 39942.38
Secondary resistance: around 45135.66
Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55
You need to make sure you are getting support within the rising channel passing through the support section.
To break the formed floor section, it must fall below 35045.0.
To turn into an uptrend, it needs to move higher than 42373.73.
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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69
1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0
(1D chart)
Primary resistance: around 39942.38
Secondary resistance: around 45135.66
Support: 35045.0-38150.02
- 37253.81-38150.02
- 35045.0-36244.55
You need to make sure you are getting support within the rising channel passing through the support section.
To break the formed floor section, it must fall below 35045.0.
To turn into an uptrend, it needs to move higher than 42373.73.
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.)
---------------------------------
Note
(BTCUSDTPERP 1h Chart)(UTC)
You need to check if you can get support and move up in the 37243.4-38200.0 section, which is the primary support section.
Therefore, it is important to be able to move higher than 38200.0.
We are in a period of volatility through March 4th, so you should check where the March 4th close is.
Note
(BTCUSDTPERP 1D Chart)It rose above 38525.6, raising expectations for further upside.
However, it is important to check where the March 4 close is as we are in a period of volatility through March 4.
A rise above 39915.9 is an important point to watch, as a movement to turn into an uptrend is expected to occur when it rises above 39915.9.
(1h chart)
The 38525.6 point is the point on the 1D chart for the MACD-Price indicator (an indicator we just released).
An upward break from this point is raising hopes for an upside.
On the 1h chart, the 38939.4-39317.2 section is a support and resistance section.
Therefore, you need to climb to the section 38939.4-39317.2 and check what kind of movement it shows.
If it does not find support above 38939.4, it is likely to fall further below 37243.4, so trade cautiously.
Note
(TRXUSDT 1D Chart)TRX's suspicious movement is expected to outline somewhat as it rises to the 0.08223-0.08631 section.
If it rises above the 0.08223-0.08631 section, it is expected to surge.
Note
(USDT.D 1W chart)The coin market is expected to show an upward trend when it falls below 4.16.
But before that, we need to see if we can move below the downtrend line, i.e. below 4.47.
(1D chart)
Note
(BTCUSDTPERP 1h Chart)The support and resistance point at 38939.4 is expected to be the last to serve as support and resistance this time around.
The 38673.1 point is likely to become a new support and resistance point.
Accordingly, if it is not possible to climb more than 39317.2, you should check whether you can cross the 38673.1-39317.2 section in the future.
The most important thing to look at is whether the March 4 close will be above 38200.0, and then further above 39915.9 to sustain the price.
If you are trading futures on the 1h chart, we recommend that you check the support and resistance points and open a new trade each time you touch the support and resistance points.
This is because we are in a section where we have to respond to the whipsaw.
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