Bitcoin (BTC) - May 29
Updated
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(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
The key is whether you can get support in the section 27033.35-29812.52.
In particular, it is important to find support above 28923.63 to break out of the RSI oversold zone.
From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend.
(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0
Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35
The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93.
If it moves lower from 28923.63, they should check to see if support is found near 27033.35.
In the short-term and medium-term perspective, it needs to move above 30444.93 and find support to turn into an uptrend.
The next volatility period is around June 5th.
Most of the coins are falling near the bottom.
At such a time, I think that it is necessary to check the movement of major coins that are expanding the ecosystem in the coin market and establish a strategy for mid- to long-term investment.
I think deposit services (earn, staking, landing, farm, etc.) that are developing while complementing the pros and cons of DeFi are this year's hot issue.
The coins that are expanding the ecosystem with these services are the major coins mentioned above.
The service that funds are tied to the coin ecosystem will lead to the expansion of the coin market and the expansion of the real industry.
------------------------------------------------------------ -----------------------------------------------------
** 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 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.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
The key is whether you can get support in the section 27033.35-29812.52.
In particular, it is important to find support above 28923.63 to break out of the RSI oversold zone.
From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend.
(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0
Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35
The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93.
If it moves lower from 28923.63, they should check to see if support is found near 27033.35.
In the short-term and medium-term perspective, it needs to move above 30444.93 and find support to turn into an uptrend.
The next volatility period is around June 5th.
Most of the coins are falling near the bottom.
At such a time, I think that it is necessary to check the movement of major coins that are expanding the ecosystem in the coin market and establish a strategy for mid- to long-term investment.
I think deposit services (earn, staking, landing, farm, etc.) that are developing while complementing the pros and cons of DeFi are this year's hot issue.
The coins that are expanding the ecosystem with these services are the major coins mentioned above.
The service that funds are tied to the coin ecosystem will lead to the expansion of the coin market and the expansion of the real industry.
------------------------------------------------------------ -----------------------------------------------------
** 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 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
(BTCUSDTPER 1h chart)
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