readCrypto

Next period of volatility: around July 8

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT chart)
It is rising above the important point of 27496.02.

I have previously said that in order to get out of the downtrend channel in the long term, the price needs to stay above 28923.63.


The aggressive buying section is the 25994.07-27496.02 section.

The first sell zone of this aggressive buy is around 28923.63.

And, it is near the HA-High indicator on the 1D chart.


The 28923.63 point is the volume profile section of the 1M chart, so it is highly likely to form an important support and resistance section, so it is the first selling section.


Since it continues to rise while rising above the HA-Low indicator on the 1D chart, there is a high possibility that it will basically rise around the HA-High indicator on the 1D chart.

However, when there is a rapid rise, most indicators show a rapid fluctuation, so the possibility of the HA-High indicator on the 1D chart falling and being created increases.

Currently, the HA-High indicator on the 1D chart is located at the 30184.24 point, but if it moves sideways around 28923.63, I think there is a possibility that the HA-High indicator will fall and be created.

If the HA-High indicator on the 1D chart is created with a decline, you should check whether there is support or resistance around it.

Once supported, it is time for a second round of buying from a short-term perspective.


Since most important indicators are passing through the 25994.07-30184.24 section, eventually being supported in this section will show an upward trend from a mid- to long-term perspective.


The next period of volatility is around July 8th.

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(BTCKRW chart)
The key is whether it can rise above 37821000 and be supported.

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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.

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** 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.

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Comment:
Even if it is judged that there is nothing special, it is recommended to read the description of the charts related to DXY and USDT.

This is because investment is ultimately made according to the movement of funds, so whether or not you know the flow of funds in the investment market will make a big difference in your investment.

[Example of exchange chart setup]

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

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