Bitcoin (BTC) - April 19

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(BTCUSDTPERP 1D Chart)

Resistance: 46559.4-49345.9

Support: 35280.2-38200.0
Strong support: 27054.1-29840.6



(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.

If you look at the big frame (the arrow pointing to the 32275.6-47053.2 section on the left), there is no transformation.

However, the points pointed to by some indicators have changed.
- -100 indicator: 41395.3 -> 40640.1
- RSI 20: 39452.6 -> 38953.1

A pattern is emerging that seeks to move higher by lowering the low and finding support above that point.

Therefore, if support is found near the 40417.2-40640.1 zone, I would expect a breakout attempt at 42366.0.

(Most of the time, they move lower lows and find resistance there, often leading to further declines.)

A whipsaw may occur near 41395.3, so trade with caution.

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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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ملاحظة

(BTCUSDT 1D Chart)

The Long/Short indicator switched to a Long indicator as it rose above 40526.64.

So, finding support above 40526.64 is likely to lead to further upside.

Therefore, it is important to make sure it is supported at 40526.64.

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ملاحظة

(BTCUSDTPERP 1h Chart)

A change in the indicator has occurred.
High indicator: 40417.2 -> 40731.0
RSI 80 indicator: 43081.3 -> 40785.6

Accordingly, it is becoming more important to find support or resistance in the current position, ie 40500.3-40785.6.

However, you have to think about it considering that the current chart is a 1h chart.
Therefore, it is necessary to interpret the current situation from a short-term perspective.


(1D chart)

Looking at the 1D chart, the Long/Short indicator is showing a Long as the price holds above 40500.3.

Thus, the 40500.3 point is a key point (a very important point in determining an uptrend or a downtrend).

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ملاحظة

(BTC.D 1M Chart)


(1W chart)


An important key point on the BTC dominance chart is the 43.75 point.

However, it remains to be seen what changes will occur in the coin market as it falls below 41.51.

In most cases, the decline in BTC dominance often led to an uptrend in altcoins.

However, as the prices of BTC and ETH are currently rising a lot, it remains to be seen what changes will occur in the flow of funds.

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ملاحظة

(BTC.D 1D chart)