Stock Market

Bitcoin (BTC) – March 13 for BINANCE:BTCUSDT by readCrypto

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( BTCUSDT 1h chart)

(UTC)

An important support for the current price range is the 37253.81-38150.02 range.

If it falls below the 37253.81-38150.02 section, there is a possibility that it may fall below the 32259.90 point, so a short-term stop loss is required.

– Important sections formed in the 1h chart

Low, downtrend reversal, support zone: 38562.39-39747.81

High, uptrend reversal, resistance section: 41950.0-42233.16

Therefore, when the price is maintained above the range of 37253.81-38150.02, the box section as above is formed.

If it rises above the 40100.0 point, it is expected to break out of the bottom section.

If it rises above the 41950.0-42233.16 section, an attempt to ascend above the 45135.66 point is expected.

A significant period of volatility on the 1h chart is around March 13-14.

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( BTCUSDTPERP 1h Chart)

(UTC)

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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 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-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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