BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(BTCUSDTPERP 1D Chart)
It is necessary to check whether it can be supported by rising above 20570.1.

If not, you should see support around 18741.7.


When the Stochastic RSI line falls below the zero point, the key is whether the BTC price stays above 18741.7.
(Note: To include the stochastic RSI indicator in the Long/Short-S indicator, the 50 point of the Stochastic RSI indicator was changed to the 0 point of the Long/Short-S indicator.
We merged the indicators as much as possible so that even those who use TradingView for free can share and use the chart.)


The next volatility period is around July 16th.



(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.

Whether or not it can move higher than 21418.1 is the key.

Before that, the first thing to check is whether it can be supported and rise in the 20103.5-20570.1 section.

Since it has been supported in the vicinity of 20103.5, you need to check if it is supported again this time.


If it fails to break above the 20570.1-20683.0 range, it is expected that it will lead to further declines, so careful trading is required.

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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:
(BTCUSDT 1D Chart)
The possibility of volatility increases as the Stochastic RSI line belonging to the Long.Short-S crosses the zero point.

Therefore, it is necessary to check whether it can be supported by 18719.11 or later.

(Reference)
- Expressed as the middle line of K and D lines of the existing stochastic RSI indicator
- The 50 points of the stochastic RSI index were modified and expressed as 0 points while the existing stochastic RSI index was included in the Long.Short-S index.
Comment:
It is necessary to confirm whether it will fall to the 18K-19K section.

This is because, if it falls below 19K, the altcoins are likely to fall by more than -10%.

Even if it rises from the current price range, there is a possibility that it will fall soon due to a rebound, so it is recommended to see resistance by falling below 19K (BTCUSDT chart: 19695.87).

[Example of exchange chart setup]

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

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

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