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(BTCUSDT 1D Chart)
The MS-Signal indicator is passing near 20798.16, so the key is whether it can rise above 20798.16.
The MS-Low indicator renewed downward and is located near 19695.87.
Accordingly, it is necessary to check whether it can be supported in the section 19695.87-20131.46.
The MS-High indicator is showing signs of going down.
However, it seems that the exact point will be known only when the candle is closed.
A medium-term bearish channel is forming below 19695.87.
If you hold the price above the bearish channel, it is expected to rise.
RSI and Stoch RSI indicators are expected to break out of the overbought zone.
When you break out of the overbought zone, you need to check where support and resistance are found.
If you see sharp rises and sharp declines, then reversals and rebounds will follow.
The section that needs to be supported to show an uptrend is the section 20798.16-21838.98.
We should rebound and see if we can find support by moving up near 21475.02.
In the medium term, if the CCI line remains above the EMA line, it is expected to continue its uptrend.
If resistance is found at 18353.11, I would expect a move towards the 15916.68 area.
The next volatility period is around September 25th.
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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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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