readCrypto

Bitcoin (BTC) - June 12

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02

1st support: 28923.63-29812.52
2nd support: around 27033.35

We need to see if the stock can break out of the oversold zone of the RSI.

It is important to be supported over the 28923.63-29812.52 section.


(1D chart)
The key is whether it can move higher than 28923.63 quickly.

If it fails to rise above 28923.63, it is likely to fall below 27033.35, so a short-term Stop Loss is necessary.

However, as mentioned before, there is a possibility that it may rise while pretending to decline due to a fake, so you need to check which point or section is supported.

So, if you can't make quick decisions, you need to be careful when trading.


The next volatility period is around July 13th.

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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 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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Comment:
(BTCUSDTPERP 1D Chart)
There is a trace of touching the 22000.0 point as a strange sign, so if it falls below 27054.1 and leads to a sharp decline, it is thought that there is a possibility of a drop to the 22000.0 area, so you should think about countermeasures.

So, we need to see if there is support above 27054.1 or if it touches near the uptrend line and moves higher.


(1h chart)
(UTC)
Comment:
(BTC.D 1W Chart)
The key is whether you can get resistance near 48.81.


(USDT.D 1D Chart)
The key is whether you can get resistance near 6.47.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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