readCrypto

Bitcoin (BTC) - April 6

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53

1st support: around 38150.02
Strong support section: 27033.35-29812.52


The wRSI_SR indicator shows that the RS line has risen above 80, indicating that it will decline in the not-too-distant future.

Therefore, it is necessary to check where the resistance and support are found when the RS line is falling.


When BTC attempts to break through the 49266.69 point, it is expected that the CCI line will rise above +100 and above the EMA line on the CCI-RC indicator.



(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02

1st support: 45135.66-46827.76
Second support: around 42373.73


The keypoints are 45135.66, 49152.47.

If you pass the keypoint point, a sudden movement is expected.


In the wRSI_SR indicator, the RS line has fallen below 20 and is expected to rise above 20 in the not-so-distant future.

At this time, it is necessary to check which section is supported.


In the CCI-RC indicator, the CCI line is crossing near the zero point, so you need to be careful about volatility.


(buy)
- After confirming the support at the 46487.52 point
- After confirming the support at the 49266.69 point

(Stop Loss)
- When it falls below 45135.66 and receives resistance
- When it falls below 42373.73 and receives resistance

(Sell)
- 54825.02 is a psychological resistance section when receiving resistance
- When receiving resistance in the section 60383.36-63162.53

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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 the sake of 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.)

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Comment:
(UTC)
Comment:
(USDT Dominance (USDT.D) 1D Chart)
It found support near 3.784 and is moving higher.

With the volatility around April 7 (April 6-8), we need to see if it can drop to around 3.784.

Specifically, you need to make sure you get resistance around 4.158.
Comment:
(BTCUSDTPERP 4h chart)
(UTC)
Comment:
(BTCUSDTPERP 1h chart)

(UTC) You can see that there is a noticeable divergence.

This divergence is expected to be reflected in the actual price as the RS line shifts upward near the 20 point in the wRSI_SR indicator.

Therefore, it is necessary to confirm that there is support near 45163.4.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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