Bitcoin (BTC) - September 4

3. Sept. 2022

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(BTCUSDTPERP 1D Chart)
The key is to find support near the 19930.6 level and break out of the downtrend line.

Otherwise, it is expected to decline to around 18374.1.


- The price needs to be maintained above the HA-Low indicator point in order to transition to an uptrend.

Therefore, since the current HA-Low indicator is located near the 19930.6 point, it should rise above 19930.6.


- As the RSI indicator is in the oversold section and the Stoch RSI indicator is in the overbought section, it is expected to show mixed trends.

Therefore, short-term traders should beware as there is a high chance of a whipso.


- If you look at the RSI and Stoch RSI indicators when the trend indicator is changed after breaking through the MS-Signal indicator, it will be helpful to understand the interrelationship between the indicators.

It is not advisable to proceed with trading only by obtaining objective information through indicators.

The reason is that it is lagging behind price and volume.

To overcome this, we need to find the necessary support and resistance points for the trade.

You need to be able to craft a trading strategy from these identified support and resistance points to conclude a successful trade.


- Since the HA-Low indicator fell and it was located near the 19930.6 level, the main position is 'LONG' when it rises above 19930.6 and is supported.

Otherwise, the main position is 'SHORT'.

However, as the situation is currently mixed, it is necessary to be cautious when entering a position.


- Cases showing mixed trends are as follows.
- When the RSI indicator is in an overbought section and when the Stoch RSI indicator is in an oversold section
- When the RSI indicator is in the oversold zone and when the Stoch RSI indicator is in the overbought zone

It is important to see movement at support and resistance points when you break out of an oversold or overbought zone.

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

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(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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