readCrypto

Bitcoin (BTC) - from a different point of view

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BITMEX:XBTUSD.P   Bitcoin
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It is an interpretation of the current situation from a different point of view.


(XBTUSD 12h chart)
A 12-hour chart produces two candles per day.

If the first candle today holds the price above the 37955.5 point, I expect the next candle to move above the 38225.0 point.


(1D chart: www.tradingview.com/x/oyA1sy7D/)
If the price holds above the 38225.0 point, it is expected to touch the MS-Signal indicator on the 1D chart soon.

If it rises above the MS-Signal indicator on the 12-hour chart and the MS-Signal turns into an uptrend, I would expect a move towards the 40163.5 point.

If it declines from the 37265.0 point, it is expected to primarily find support near the 36252.0 point (lower point on the 1D chart), and then it is likely to drop to around the 33101.0 point, so careful trading is required.

In this flow, if the volume increases and there is a sharp movement near the 33101.0 point, the price will move to move higher than the 38225.0 point again.

On the 1D chart, to turn into an uptrend, it needs to rise above the 45211.0 point.


(1W chart: www.tradingview.com/x/mopSC0ji/)
On the 1W chart, the price should hold in the range 42084.0-47010.0 to convert into an uptrend.

This is because the 60SMA indicator and the lower part of the Heikin Ashi body candle are located near the 42084.0 point.

The 42084.0-47010.0 section is an important section that can create a new wave, and if the price is maintained in this section, altcoins are expected to start rising.


The 27650.0-33101.0 section is a strong support section, and if it declines in this section, it is expected to touch around the 17422.0-19714.5 section.

Therefore, the current price range is a very important segment.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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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Comentarios:
(USDC 1W chart)
It is showing the new candle shape.

On the USDC chart and the USDT chart
Gap Rising: I think it is a sign that new funds have entered the coin market.

Gap Falling: It is thought that it is a trace of money flowing out of the coin market by exchanging it to fiat currency.
Comentarios:
(BTC 1W Chart)
It is very important to have support in the 38K section.
Comentarios:
(XBTUSD + ETHUSDT 1D Chart)
For BTC price to find support above 38K, we need to see if ETH will drive the price.
Comentarios:
(OKX BTCUSDTPERP 1W Chart)
Trading volume (contracts) skyrocketed in the OKX futures market.
It remains to be seen how this movement will affect the coin market.

By breaking above 87.918M, it appears ready to set a new trend.


(Binance BTCUSDT 1W Chart)
It is necessary to check whether it can lead to an increase in trading volume in the spot market.
Comentarios:
(XBTUSD + ETHUSDT 1D Chart)
Check whether it is attempting to break above the MS-Signal indicator on the 1D chart in the near future.
Comentarios:
(XBTUSD + ETHUSDT 1D Chart)

(1h chart)
(The M-Signal line of the 1D chart is the main line of the MS-Signal indicator of the 1D chart.)


It is attempting to break above the MS-Signal indicator on the 1D chart.

In order to successfully break through
BTC: 40163.5
ETH: 2910.0
It should rise and keep the price.


if it goes down,
BTC: 38225.0
ETH: 2558.23
must be supported by

If not, a plunge could occur.
Comentarios:
(XBTUSD 1h chart)
It would be good to see if the candle closes above the 38225.0 point today.
Comentarios:
(Market Cap Chart)
It appears that USDC's money movement is brisk.
The USDC chart doesn't seem to be reflecting properly yet.

[Example of exchange chart setup]

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

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