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(BTCUSDT 1W Chart) Resistance: 27033.35-29812.52
1st support: around 21475.02 2nd support: 13137.51-15916.68
The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend.
Looking at the current location, the section 15916.68-27033.35 is the sideways section, and the point 21475.02 is the middle point of the sideways section.
Therefore, the sideways section is divided into the lower sideways section (15916.68-21475.02) and the upper sideways section (21475.02-27033.35).
Therefore, it is important to find support near 21475.02.
If support is not found near 21475.02, it is likely to decline to the 13137.51-15916.68 section.
I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line.
The 19695.87-21475.02 section is located near the previous high point, so it can be said that the role of support and resistance is stronger.
(1D chart) It is necessary to check whether it can be supported in the section 19695.87-22487.41.
** 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.)
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Comment
**Things to consider when buying with Heikin Ashi candles **
(BTCUSDT 1D Heikin Ashi Chart) If you look at the chart, you should keep an eye on the movement when the candle moves higher than the Open or Close of 2 days ago.
Also, keep an eye on the Stochastic RSI when there is a move towards an upward move below the K-line below 20.
You can think of the EMAs 18 and 26 as the boundary between an uptrend and a downtrend.
So, if the price moves above the EMA 18 or 26, it is likely to lead to an uptrend.
However, it should be interpreted that a positive alignment with EMA 18 > 26 is more likely to lead to an uptrend.
It is currently below the EMA of 18 and 26, so the downtrend is likely to continue.
The downtrend is more firm as the EMA 18 < 26 is inverted.
The chart below is the price position when viewed with a regular candle chart. (BTCUSDT 1D Chart) Applying this requires a lot of observation to see if a trade is possible.
Most importantly, at the point of purchase you choose - How much will you invest - How many installments will you buy - How to set the Stop Loss point
I think it is better to proceed with the purchase considering the above factors.
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