readCrypto

Bitcoin (BTC) - June 25

BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart)
If the price holds above the 27650.0 point, it is expected that the uptrend will continue.


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

We believe this move was possible as the volume turned from a downtrend to a sideways trend as volume decreased.

It does not mean that the bottom is not falling, so you should check the support in the 30448.0-32986.0 section.

It is expected to break out of the downtrend line and turn into an uptrend at the 32986.0-40600.0 section.

It remains to be seen if the red of OBV in the volume indicator turns green and can increase.


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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(BTCUSDT 1W Chart)
If the price holds above the 28923.63 point, it is expected that the uptrend will continue.


(1D chart)
The 28130.0-32259.90 section is supported and is rising.

When the 27048.05-29166.04 (28130.0-29300.0) section was touched as a strong support section, a sharp rise occurred near the 32259.90 point.

This move is expected to form a bottom for BTC price and give it strength to turn into an uptrend.

It remains to be seen if it moves above the 37252.01 point and confirms the power to turn into an uptrend.

The red of OBV in the volume indicator is turning green.
Green in OBV means buy.


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

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(BTCKRW 1W chart)
If possible, a move above the uptrend line (2) is recommended.
We'll have to wait and see if we can climb above the 51798000 point.

If it does, we should see support at the 32023000-35545000 range and see if it can move along the uptrend line (2).

I think it's a good idea to trade with the downtrend as if it were in a downtrend until it deviated from the downtrend line.


(1D chart)
Unlike overseas charts, the volatility period is around June 21-27.
Accordingly, we should watch the movement between 20-28 June.

The section 35555000-38483000 is the section that determines the direction.
This section is gaining second support and is rising.

In particular, we need to see if we can continue the uptrend as we break out of the downtrend line.

If it falls from the 35555000-38483000 range, it may touch near the 29698000 point, so you need to trade carefully.
This is a continuation of the downtrend, which may touch near the 23842000 point and move higher.


(Upbit BTCKRW 1D Chart)

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(BTC Dominance (BTC.D) 1D Chart)
In order for the coin market to turn into an uptrend, I think it is good for the BTC price to rise first.
Accordingly, I think it is good for BTC dominance to rise to some extent.

Accordingly, I think it is good to touch the downtrend line (1) and move down along the downtrend line (1).

This rise in BTC dominance is likely to lead to a decline in the price of altcoins or a sideways movement, so you should check the movement of your own assets.

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)
We will have to wait and see if we can move below the downtrend line (2).

The green color of OBV in the trading volume indicator started to increase roughly around April 17 and has been maintained to this day.
We need to watch this OBV turn green to red and see if the centerline can increase.

We believe that the decline in USDT dominance is likely to lead to an upward trend in the coin market (BTC price).

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(USDT 1D Chart)
The coin market is likely to experience volatility between around June 27th - 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 out of the coin market.

If the rise of the gap continues, the coin market is expected to rise in the near future.

If there is a continuous gap drop, 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)

[Example of exchange chart setup]

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

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