Around June 12-18 is a period of volatility - 2
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(BTCUSDT chart)
(1W chart)
As it fell near the HA-High indicator of the 1W chart, around 26574.53, it shows a transition to a downward trend from a mid- to long-term perspective.
Also, if the MS-Signal indicator turns into a bearish sign as it falls below the MS-Signal indicator, the downtrend may accelerate.
Accordingly, the possibility of a decline to the maximum around 20798.16-20862.47 is increasing.
Currently, the 4th wave of the rising wave is underway.
(www.tradingview.com/x/HQSeY3IP/)
Therefore, it is not yet known on the 1W chart whether the current uptrend 4th wave is going to turn into a downtrend.
To know this, you need to see the movement of the 1M chart.
(1M chart)
Looking at the 1M chart, it appears that the 2nd wave of the uptrend is under way.
If it is not a second wave, it is expected to fall below the point of the HA-Low indicator on the current 1M chart.
Therefore, the peak of this decline is expected to be around 20050.02.
However, considering the current situation, the HA-Low indicator on the 1M chart, which is expected to occur around 23141.57 and when the decline proceeds, is expected to rise and be created, so I think it is highly likely to receive support and rise near that point. .
(www.tradingview.com/x/2QMPDfIC/)
So, I would expect it to try to break out of the downtrend line, either sideways or finding support around 23141.57, as shown in the chart above.
When this happens, you have to think about whether you can proceed with the purchase.
This is a difficult situation to determine, as the price needs to rise above 28923.63, where it eventually began to decline, in order to turn from a rebound to an uptrend.
However, if there is a move out of the downtrend line, I think you can seize the opportunity to earn profits up to the first selling zone around 28923.63 by aggressively buying.
My opinion is that the current downtrend corresponds to an important buying period because, from a long-term perspective, the second wave of the uptrend is underway.
Therefore, when this drop touches the HA-Low indicator on the 1M chart and shows support, I think we should proceed with buying as a long-term investment.
(1D chart)
It is declining in the 26013.28-30184.24 zone, which was an important sideways zone.
This drop occurred around June 12-18, during this volatility period.
So, the volatility period is still underway and we need to see the movement up to around June 18th (June 19th).
If it rises, it should rise at least 26574.53 and, if possible, rise above 27496.02 to maintain the price, so that it is highly likely to turn into an upward trend.
If the current decline continues,
1st: 23141.57-24113.48
2nd: 21023.14-21853.06
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
If you look at the right side of the chart to see why there is a possibility of receiving support near the 24113.48 point, the B section is marked.
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(BTCKRW chart)
It is declining after finding resistance around 34820000.
Therefore, it is necessary to confirm that it is supported around 31024000-32042000.
However, since it may rise above 34820000 during the volatility period until around June 16th, you should also think about countermeasures against this.
In order to turn into an uptrend, it needs to be supported by a rise above at least 35539000.
The Trend-Based Fib Extension on the left was created during a downtrend.
We touched the 0.618 (32851000) point.
Therefore, considering the 32851000 point, it needs to rise above 37821000 to turn into an uptrend.
If it continues to decline, it can be seen that the possibility of falling to around 27317000-29639000 is increasing.
Therefore, it is important to find support or resistance around 0.618 (32851000) and 31024000-32042000.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1W chart)
Also, if the MS-Signal indicator turns into a bearish sign as it falls below the MS-Signal indicator, the downtrend may accelerate.
Accordingly, the possibility of a decline to the maximum around 20798.16-20862.47 is increasing.
Currently, the 4th wave of the rising wave is underway.
(www.tradingview.com/x/HQSeY3IP/)
Therefore, it is not yet known on the 1W chart whether the current uptrend 4th wave is going to turn into a downtrend.
To know this, you need to see the movement of the 1M chart.
(1M chart)
If it is not a second wave, it is expected to fall below the point of the HA-Low indicator on the current 1M chart.
Therefore, the peak of this decline is expected to be around 20050.02.
However, considering the current situation, the HA-Low indicator on the 1M chart, which is expected to occur around 23141.57 and when the decline proceeds, is expected to rise and be created, so I think it is highly likely to receive support and rise near that point. .
(www.tradingview.com/x/2QMPDfIC/)
So, I would expect it to try to break out of the downtrend line, either sideways or finding support around 23141.57, as shown in the chart above.
When this happens, you have to think about whether you can proceed with the purchase.
This is a difficult situation to determine, as the price needs to rise above 28923.63, where it eventually began to decline, in order to turn from a rebound to an uptrend.
However, if there is a move out of the downtrend line, I think you can seize the opportunity to earn profits up to the first selling zone around 28923.63 by aggressively buying.
My opinion is that the current downtrend corresponds to an important buying period because, from a long-term perspective, the second wave of the uptrend is underway.
Therefore, when this drop touches the HA-Low indicator on the 1M chart and shows support, I think we should proceed with buying as a long-term investment.
(1D chart)
This drop occurred around June 12-18, during this volatility period.
So, the volatility period is still underway and we need to see the movement up to around June 18th (June 19th).
If it rises, it should rise at least 26574.53 and, if possible, rise above 27496.02 to maintain the price, so that it is highly likely to turn into an upward trend.
If the current decline continues,
1st: 23141.57-24113.48
2nd: 21023.14-21853.06
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
If you look at the right side of the chart to see why there is a possibility of receiving support near the 24113.48 point, the B section is marked.
------------------------------------------
(BTCKRW chart)
Therefore, it is necessary to confirm that it is supported around 31024000-32042000.
However, since it may rise above 34820000 during the volatility period until around June 16th, you should also think about countermeasures against this.
In order to turn into an uptrend, it needs to be supported by a rise above at least 35539000.
The Trend-Based Fib Extension on the left was created during a downtrend.
We touched the 0.618 (32851000) point.
Therefore, considering the 32851000 point, it needs to rise above 37821000 to turn into an uptrend.
If it continues to decline, it can be seen that the possibility of falling to around 27317000-29639000 is increasing.
Therefore, it is important to find support or resistance around 0.618 (32851000) and 31024000-32042000.
------------------------------
- big picture
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Comment:
As always, new opportunities are on their way.
In this case, I think the important thing to think about is which coin (token) to buy.
Unlike BTC and ETH, altcoins have fallen more, so you might think that you can earn more by buying altcoins this time.
However, the greater the fluctuations, the greater the up and down fluctuations, so you will only be able to earn more profits by overcoming these fluctuations or responding appropriately.
That's why you can focus on current altcoins to find coins (tokens) to buy.
However, for now it is time to focus on BTC or ETH.
If you miss the opportunity to buy BTC or ETH right now, even if you made a lot of profit from altcoins, you will regret it eventually.
As much as that, you need to find the time to buy BTC or ETH and proceed with the purchase, that is, when BTC is below 29K.
If you have bought BTC or ETH to some extent, then you can proceed with the first purchase of altcoins and wait.
In this case, I think the important thing to think about is which coin (token) to buy.
Unlike BTC and ETH, altcoins have fallen more, so you might think that you can earn more by buying altcoins this time.
However, the greater the fluctuations, the greater the up and down fluctuations, so you will only be able to earn more profits by overcoming these fluctuations or responding appropriately.
That's why you can focus on current altcoins to find coins (tokens) to buy.
However, for now it is time to focus on BTC or ETH.
If you miss the opportunity to buy BTC or ETH right now, even if you made a lot of profit from altcoins, you will regret it eventually.
As much as that, you need to find the time to buy BTC or ETH and proceed with the purchase, that is, when BTC is below 29K.
If you have bought BTC or ETH to some extent, then you can proceed with the first purchase of altcoins and wait.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
So, if it finds support around 25994.07, I would expect it to move higher.
However, it is expected that it will turn into an upward trend only when it rises above the 26574.53-27496.02 section, so careful trading is required.
Until around June 18th (June 19th) is a period of volatility, so keep an eye on the movements.
Looking at the 1W chart, it can be seen that the 1W chart has turned into an uptrend when it rises above 27590.60 because it broke out of the rising trend line and rising channel.
Looking at the 1M chart, it is within the downtrend channel, so a rise above 28923.63 can be interpreted as breaking out of the downtrend channel.
Since the 1M, 1W, and 1D charts can all be seen as out of an uptrend, there should be a movement to switch to an uptrend from the 1D chart.
Currently, it is showing an uptrend above the HA-Low indicator point on the 1D chart, but it is located below the 26574.53-27496.02 section, which is an important section, so it cannot be seen that it has turned into an uptrend yet.
Therefore, the tradeable zone is possible when it shows support around 27496.02.
However, aggressive buying is possible if it is created at 25994.07, the HA-Low indicator of the 1D chart, and shows support around 25994.02 for at least 1-3 days.
The first selling zone of this aggressive buying is around the HA-High indicator on the 1D chart.
If it rises above 27496.02 this time, it is expected that the HA-High indicator on the 1D chart will fall and be created.
(BTCUSD chart)
However, you can check the overall trend of BTC (price, trading volume, etc.).
Unlike the BTCUSDT chart above, you can see that the Volume Oscilator indicator in the 'Vol & Trend' sub-indicator is about to turn into an uptrend and an increase in buying.