readCrypto

Bitcoin (BTC) - July 2

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1M Chart)
If you want to invest in BTC, you should start investing with the expectation that it will drop to the 13137.51-15916.68 range.

That said, I don't think you can buy it by waiting for it to drop below 15916.68.

The reason is that you will not be able to buy when you think it will go down further.

Therefore, you should start buying in installments around 21475.02.

Since 19695.87-21475.02 is the previous high, the role of support and resistance can be strong.

Therefore, I think it is an advantageous section to start buying in installments.


In the chart, we've marked the decline and rise rates for the current segment when it goes down and when it goes up.


I think the point where the coin market starts to say that it is a big bull market is when it rises above 29K.


Most altcoins are located in the bottom section.

Therefore, the decline will be lower and lower.

Therefore, you should start buying splits by looking at the support and resistance points during the bearish candlelight on the 1D chart.

Altcoins located at the bottom are likely to surge when BTC converses or rises.

Therefore, on the 1D chart, when it is a rising candle, you need to sell 100% to get a profit, or sell the same amount as the purchase price for each divided purchase price and use a trading method to increase the holding quantity.

Stop Loss if the price declines further from your current position should be decided carefully, as it is likely to result in a double loss and may make it irreversible.

Since there is no cash on hand, the loss rate is too large, so if you want to proceed with Stop Loss to get a new opportunity, you should switch to selling only a portion when it rises at least 10% at the Stop Loss point.

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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52

1st support: around 21475.02
Second support: 13137.51-15916.68

The key is to find support and move higher near 21475.52.

The key is whether a move above 21475.52 can break through the uptrend line.



(1D chart)
The explanation below is what was previously mentioned.

However, it is still valid, so we recommend that you read it again.


It is necessary to check whether there is a movement that deviates from the section 19695.87-22487.41.

If it moves above 22487.41, you should check for resistance near the uptrend line.

If it falls below 19695.87, you should check to see if it is heading towards 15916.68.


Conditions have been created for temporary volatility to occur.

As a result, there is a possibility that slightly large volatility may appear, so careful trading is required.

This volatility could touch the area around 18719.11 and move higher, and a decline below 18719.11 could lead to further declines.

Also, if it rises above 21475.02, it must be supported.

Otherwise, it is expected to lead to further declines.


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 1h chart)

[Example of exchange chart setup]

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

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