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Bitcoin (BTC) – May 1

Bitcoin (BTC) - May 1

Bitcoin (BTC) - May 1

Bitcoin (BTC) – May 1

Bitcoin / TetherUS BINANCE:BTCUSDT
readCrypto


Bitcoin (BTC) - May 1

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( BTCUSDT 12M Chart)


snapshot

You can see that it needs to fall below 27K-29K to turn into a downtrend.

The 27K-29K section is a strong support section.

(1M chart)


snapshot

You can see that it needs to go below 37253.81 to turn into a downtrend.

The section 35045-38150.02 is the support section.

( BTCUSDT 1W Chart)


snapshot

Resistance: 46487.52-49266.69

1st support: 37253.81-38150.02
2nd support: 32259.90-35045.0

(1D chart)
1st resistance: 39942.38-40526.64
2nd resistance: around 45135.66

Support: 35045.0-38150.02
– 37253.81-38150.02
– 35045.0-36244.55

You need to make sure you are getting support within the rising channel passing through the support section.

To break the formed floor section, it must fall below 35045.0.

To turn into an uptrend, it needs to move higher than 42373.73.

The volatility period is around May 3 (May 2-4).

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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.)

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