Bitcoin (BTC) - March 16
Updated
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
The 42084.0-47010.0 section is a support section for creating a new wave.
27650.0-33101.0 section: strong support section
If it falls below the 37265.0 point, there is a possibility that it will move towards the 32290.5 point.
(1D chart)
Resistance section: 46695.0-49518.0
Support section: 26932.0-29755.5
Convergence interval of Bollinger Bands: approximately 35028.0-45211.0
If you climb above the 40163.5 point, you are expected to break out of the bottom section.
The price must remain above the 42084.0 point to turn into an uptrend.
The next most volatile period is around April 13th.
However, if you do not deviate from the convergence of the Bollinger Bands, you should watch closely for the movement of the volatility period around March 21st.
(1h chart)
- Important sections formed in the 1h chart
Low, downtrend reversal, support section: 37825.0-38580.5
High, uptrend reversal, resistance section: around 42084.0
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(BTCUSDTPERP 1h Chart)
(UTC)
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
The 42084.0-47010.0 section is a support section for creating a new wave.
27650.0-33101.0 section: strong support section
If it falls below the 37265.0 point, there is a possibility that it will move towards the 32290.5 point.
(1D chart)
Resistance section: 46695.0-49518.0
Support section: 26932.0-29755.5
Convergence interval of Bollinger Bands: approximately 35028.0-45211.0
If you climb above the 40163.5 point, you are expected to break out of the bottom section.
The price must remain above the 42084.0 point to turn into an uptrend.
The next most volatile period is around April 13th.
However, if you do not deviate from the convergence of the Bollinger Bands, you should watch closely for the movement of the volatility period around March 21st.
(1h chart)
- Important sections formed in the 1h chart
Low, downtrend reversal, support section: 37825.0-38580.5
High, uptrend reversal, resistance section: around 42084.0
------------------------------------------
(BTCUSDTPERP 1h Chart)
(UTC)
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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
Looking at the BTCUSDTPERP 1h chart, there is a change in the highs (42233.4 -> 39425.9).So, we need to see if we can sustain the price above the 39425.9 point.
Note
(TOTAL 1W chart)(1D chart)
Note
(BTCUSDTPERP 1h chart)(UTC)
The point display figures were displayed incorrectly and have been corrected.
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