The key is whether it can receive support at 29850.45 and rise for BINANCE:BTCUSDT by readCrypto

If you “Follow” us, you can always get new information quickly.

Please also click “Boost”.

Have a good day.

————————————-

(BTCUSDT chart)

(1M charts)

As it rises above 28465.36, the volume profile section, expectations for further increases are increasing.

However, since a box section is formed between 32917.17 and 59053.55, it is expected that more strength will be needed to lead to a further rise.

(1W chart)

I think it needs to fall below 21258.0-23174.39 or rise above 29241.72-30767.38 to enter a period of great volatility.

Accordingly, the key is whether the price can be maintained by rising above the 29241.72-30767.38 range.

Given the current movement, it is becoming important whether the price can be sustained by breaking above the downtrend line (2).

If it does not rise above the downtrend line (2), it means that it is being resisted in the 29241.72-30767.38 range, so there is a possibility of forming a high point.

When a new candle is created, you should check whether the StochRSI Histogram indicator turns bullish.

If the Histogram indicator shows weakness even though the price is rising, it may mean that a high point is being created.

If the price rises and holds above 29241.72-30767.38, I think a period of great volatility has begun.

Therefore, I think there is a possibility that it will rise up to around 46431.5.

However, it is important whether it can break upward around 38531.9.

therefore,

1st: 38531.9

2nd: 46431.5

There is a high possibility that the area around the first and second levels above will form a resistance zone.

(1D chart)

The price is showing signs of maintaining the price by rising to the box range of 29850.45-31804.20.

Accordingly, the key is whether it can break upward to the point where the downtrend line (2) and the uptrend line on the 1W chart intersect, that is, the area where the finger is pointing.

If the price rises above 30495.92-30766.51, which is the middle section of the box section, and maintains the price, it is expected to lead to an attempt to rise above 31804.20.

If it fails to rise above the downtrend line (2) and falls below 29850.45, you should check for support around 28797.10.

At this time, if the price remains near the MS-Signal indicator, it is likely to maintain an upward trend.

However, even if it temporarily plunges, if it shows support around the rising trend line (1), it is expected to maintain an upward trend.

(4h chart)

Accordingly, you should check whether the price remains above the downward trend line (2) even after the time indicated on the chart.

————————————————–

– The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

————————————————– ——————————————-

** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.

How to display (in order from darkest to darkest)

More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

———————————