readCrypto

Bitcoin (BTC) - June 2

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1M Chart)
Resistance: 35045.0-38150.02
Support: 27033.35-29812.52

The key is whether the price can be maintained above 29812.52.


(1W chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02

1st support: 28923.63-29812.52
2nd support: around 27033.35

You need to see if the stock can break out of the oversold zone of the RSI.


(1D chart)
Whether or not it can be supported above 28923.63 is an important factor.

In the short-term and medium-term perspective, it needs to move above 30444.93 to turn into an uptrend.


The next volatility period is around June 5 (June 4-6).

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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 the sake of 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)
(UTC) As it fell below 32275.6, it formed a large box section of 27054.1-32275.6.

And, it went sideways in the section 28951.7-30971.3.

Among them, I spent the most time in the section 28951.7-29846.6.

Therefore, it is very important to be supported in the 28951.7-29840.6 section.


It fell below 32275.6, making an attempt to move above 32275.6 for the first time.

It remains to be seen if the next attempt can start with a reference date of June 4th.

[Example of exchange chart setup]

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

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

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