readCrypto

Bitcoin (BTC) - June 23

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
We need to see if we can move higher along the uptrend line (2) and move above the 45135.66 point.

Point 28923.63 is a strong support point.
So, if it goes down, you should check to see if it finds support at the 28923.63-32259.90 zone.

28923.63-29300.0 touched the section and climbed.
We need to see support at the 32259.90 point and see if we can move higher.


(1D chart)
We are walking sideways in section 27048.05-40526.64, which is a large sideways section.
However, if it falls from the 33427.52 point, psychological fear may arise.

If the 27048.05-29166.04 (28130.0-29300.0) section is touched as a strong support section, it is expected that there will be a sharp rise near the 32259.90 point.
If there is no sharp rise, then the downtrend is expected to continue, so you need to think about how to respond.


The center line of OBV in the volume indicator is showing a downward trend.
This means that trading volume is declining.

You will have to watch the OBV turn red to green.
Green in OBV means buy.

What causes the price to fall as volume decreases may be the last move to buy before it rises.

However, if the price falls due to an explosive increase in trading volume, then it should be regarded as an extension of the downtrend, so careful trading is required.

On the CCI-RC indicator, we need to see if the CCI line rises above the -100 point and can rise above the EMA line.



(BTCUSDTPERP 1h Chart)
(UTC) Notice the movement before and after the time shown on the chart.

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(XBTUSD 1W Chart)
We should see if we can move above the 45211.0 point by moving up along the uptrend line (2).

The 33101.0 point is a strong support point.
If it goes down, you should check to see if it finds support at the 27650.0-33101.0 zone.

Touch the 27650.0-29350.0 segment and ascend.
It remains to be seen if the price can sustain above the 33101.0 point.


(1D chart)
I touched the 27650.0-29350.0 section and climbed.
Therefore, it is expected to form a bottom.

Having created a bottom doesn't mean it won't decline, so you should see support.

The 30448.0-32986.0 section is an important support and resistance section that determines the direction.
So, you need to make sure you get support in the 30448.0-32986.0 section.

If it falls from the 30448.0-32986.0 section, you can touch near the 25372.0 point.
However, it may rise in the 27K range, so careful trading is required.


We need to see if we can move above the 32986.0 point and break out of the downtrend line.


The next volatility period is around June 30th.


(1h chart)
(UTC) Notice the movement before and after the time shown on the chart.

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(BTC Dominance (BTC.D) 1D Chart)
BTC dominance is rising as BTC price is falling.
This means that the price of altcoins is falling more than the price of BTC.

I think the downtrend is likely to accelerate.
However, if BTC dominance does not rise above the downtrend line (1), the coin market is expected to find stability.


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)
This chart has been created and the highs have been updated.

You should touch the 5.003 point that was touched with a strange sign and see if it goes down.

We need to see if we can get below the downtrend line (2).

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(USDT 1D Chart)
Since June 10th, funds have been stagnant.
Accordingly, I think the coin market is going sideways.

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.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
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)
Comment:
The BTC price has risen in an important section determining the direction, so we need to make sure that it is supported.
Therefore, we have to see if it moves along the upward trend line.
Comment:
(XBTUSD 1D Chart)
You need to make sure you have support at the 32986.0 point.

(BTCUSDT 1D Chart)
You need to make sure you have support at the 32974.79 point.

(BTCUSDTPERP 1D Chart)
You need to make sure you have support at the 32275.63 point.
If possible, get support at 33527.51...

(BTCKRW 1D chart)
You need to make sure you have support at the 38483000 point.

[Example of exchange chart setup]

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

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