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( BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
The indicators passing through points 32259.90 and 35045.0 are inverted.
As a result, volatility may occur around this interval.
With the current volume above 612K, we believe the minimum volume for a reversal has occurred.
It is expected to be a week to see if support can be found by moving up to the 32259.9-35045.0 section.
From a mid- to long-term perspective, it needs to rise above 40K to continue the uptrend.
(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
In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section.
Accordingly, the increase in trading volume should continue.
When passing the 32259.9-35045.0 section, I believe that the volume should continuously occur above 88.696K.
The indicator corresponding to the -100 point of the CCI indicator is rising from 7354.11 to 29287.05.
Therefore, if it falls below 29287.05, there is a possibility that it will turn into a downtrend, so you need to trade cautiously.
Taken together, the 27033.35-29812.52 section is an important support section.
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 the sake of 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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