Bitcoin (BTC) - May 8
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
It is important to see if you can move up along an uptrend line.
(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
To break the formed floor section, it must fall below 35045.0.
It must rise above 38150.02 to turn into an uptrend.
The next volatility period is around June 5th.
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** 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 nice day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 46487.52-49266.69
1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0
It is important to see if you can move up along an uptrend line.
(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
To break the formed floor section, it must fall below 35045.0.
It must rise above 38150.02 to turn into an uptrend.
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 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)If you look at the volume generated when it fell below 35280.2, you can see that the volume is not enough to change the trend.
This can be seen by examining the distribution of previously generated trading volumes.
It is just at the point of flowing down (the point of not trading and watching the market move).
The OBV indicator included in the MRHAB-T indicator used in this chart is an indicator used by changing the existing OBV formula, but it is an indicator that will be displayed when the OBV line passes through the zero point.
The O point of the OBV indicator can be thought of as the boundary between a buying and selling trend.
Therefore, it is expected to show a new flow as it changes from the previous OBV indicator position at 7230.4 to around 35980.3.
Given that the indicator point of OBV shows a slight change in response to the price movement, we expect volatility to occur.
When the OBV indicator starts to show clearly, you need to check whether the price is above or below the OBV indicator.
This is because if the price stays below the OBV mark, it means that the bears are dominant, which increases the likelihood of further declines.
After a period of 1-3 days, it is possible that the OBV's mark point will be fixed, so we will have to look at the situation until then.
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