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(BTCUSDT 1W Chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
If volume fails to increase, the current price increase is likely to be an upside for a larger decline.
(1D chart)
I think the support and resistance sections are separated based on the 35067.50 point.
So, if it goes down, you should check to see if it finds support at the 33427.52-35067.50 section (A).
We need to see if we can break through the 35067.50-37252.01 section (B) upwards.
If it breaks above the B section, we should watch the volume increase.
In order to move up from the 37252.01 point, it is essential that there is an uptrend as volume increases.
Otherwise, it could lead to a bigger drop.
The strong resistance range is 39806.99-45135.66.
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(BTCUSDTPERP 1D Chart)
We should see support at the 35746.28 point and see if we can move above the 37211.02 point.
If it goes down, you should check to see if it finds support at the 35096.50 point.
A decline from the 33999.52 point is expected to trigger further short-term declines.
If the price is maintained above the 27800.0-29376.7 range, it is expected that the uptrend will continue.
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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, we should watch to see if we can move above the 37301.0 point.
It remains to be seen if the trading volume increases.
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(BTC Dominance (BTC.D) 1D Chart)
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.
If BTC Dominance rises above the 56.78 point, we expect the coin market to start a strong bear market.
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(USDT Dominance (USDT.D) 1D Chart)
We will have to wait and see if we can move below the downtrend line (2).
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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 the 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.
------------------------------------------------------------ -----------------------------------------------------
** 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)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
If volume fails to increase, the current price increase is likely to be an upside for a larger decline.
(1D chart)
I think the support and resistance sections are separated based on the 35067.50 point.
So, if it goes down, you should check to see if it finds support at the 33427.52-35067.50 section (A).
We need to see if we can break through the 35067.50-37252.01 section (B) upwards.
If it breaks above the B section, we should watch the volume increase.
In order to move up from the 37252.01 point, it is essential that there is an uptrend as volume increases.
Otherwise, it could lead to a bigger drop.
The strong resistance range is 39806.99-45135.66.
-------------------------------------
(BTCUSDTPERP 1D Chart)
If it goes down, you should check to see if it finds support at the 35096.50 point.
A decline from the 33999.52 point is expected to trigger further short-term declines.
If the price is maintained above the 27800.0-29376.7 range, it is expected that the uptrend will continue.
------------------------------------
(XBTUSD 1W Chart)
In particular, we should watch to see if we can move above the 37301.0 point.
It remains to be seen if the trading volume increases.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
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.
If BTC Dominance rises above the 56.78 point, we expect the coin market to start a strong bear market.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
----------------------------
(USDT 1D Chart)
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.
------------------------------------------
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 the 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.
------------------------------------------------------------ -----------------------------------------------------
** 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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
1. Is someone withdrawing funds from the coin market?
2. Why is the price of altcoins soaring when the price of BTC rises?
-----------------------
1. Is someone withdrawing funds from the coin market?
If you look at the USDT 1D chart, you can see that the gap is falling.
There is also a rise in the gap.
Gap declines that have never been so common are occurring frequently.
This means that someone is withdrawing funds from the coin market.
Accordingly, in order for this coin market to continue to rise, we need to see if the trading volume increases.
Volume plays an important role in maintaining price, so it is imperative to check the volume increase or decrease.
2. Why is the price of altcoins soaring when the price of BTC rises?
BTC price is currently in a downtrend.
BTC price has risen in a position that has not yet turned into an uptrend.
In this flow, for BTC to lead an upward trend, funds must be concentrated towards BTC.
However, as the price of altcoins rose, the funds were dispersed.
Therefore, the BTC dominance has rather declined.
This trend was prior to the downtrend, and I think it is likely to lead to a bigger decline going forward.
Therefore, as mentioned in step 1, you need to check the increase or decrease of the trading volume.
If the BTC price rises or goes sideways without an increase in trading volume, it is highly likely to lead to a major decline.