readCrypto

Bitcoin (BTC) - June 28

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
If the price holds above the 28923.63-29300.00 range, it is expected that the uptrend will continue.


(1D chart)
We need to see support at the 32259.60 point and see if we can move above the 33427.52 point.

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(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

In particular, it remains to be seen if the 30448.0-32986.0 zone can find support and move above the 33101.0 point.

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(BTC Dominance (BTC.D) 1D Chart)
In order for the coin market to turn into an uptrend, I think it is good for the BTC price to rise first.
Accordingly, I think it is good for BTC dominance to rise to some extent.

Accordingly, I think it is good to touch the downtrend line (1) and move down along the downtrend line (1).

This rise in BTC dominance is likely to lead to a decline in the price of altcoins or a sideways movement, so you should check the movement of your own assets.

If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.

We will have to wait and see if BTC Dominance can touch the 47.64-48.81 range and move lower.
If it rises above the downtrend line (1), only BTC price can rise, so this also requires careful trading.

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(USDT Dominance (USDT.D) 1D Chart)

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(USDT 1D Chart)
The coin market is likely to experience volatility between around June 27th and around July 1st.
Accordingly, careful trading is required.

I think the rise in the gap is a sign of money flowing into the coin market.
Conversely, I think that the gap drop is a sign of money being pulled out of the coin market.

If the rise of the gap continues, the coin market is expected to rise in the near future.

If the gap falls continuously, it means that funds are flowing out of the coin market, so careful trading is necessary.

If the price falls below 61.765B, it is likely to touch 56.607B, so be careful.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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