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( BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
It is important to have support in the section 27033.35-29812.52.
If it falls below 27033.35, it is expected to turn into a downtrend from a mid- to long-term perspective.
However, looking at the diagonal Fibonacci, I think there is a high possibility that it will temporarily fall below 27033.35 and then rise.
(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
There is a lot of trading volume above 88.696K.
Also, with volume above 177.392K, I think the chances of a reversal are increasing.
However, looking at the 1W chart above, it can be seen that the trading volume is not large enough to change the trend in the mid- to long-term as no trading volume above 612K has occurred.
Therefore, it is necessary to see if there is enough trading volume to touch 1.224M on the 1W chart with trading volume above the current level this week and next week.
A temporary rebound is likely due to an increase in volume above 177.392K on the 1D chart.
We need to see if this rebound can find support above 29812.52.
Since a volume profile section is formed near 28923.63, it is necessary to check whether a sideways trend with trading volume can be obtained from the current location.
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.)
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