Bitcoin (BTC) - June 15 (volatility period until around June 18)
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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.
A decline from the 27650.0 point is virtually impossible to recover from a major bear market.
Therefore, I don't think there will be any touching 18195.0-19714.5 section in the second half of this year.
The 22741.5 point is touchable, and if it does, we expect a quick rebound to move up near the 27650.0 point.
(1D chart)
We need to see if we can break through the 40163.5-42084.0 and 45211.0-47265.5 sections, which are the primary resistance sections.
This is because if the two resistance bands are not broken, wave (b), the rebound wave of the downtrend, will eventually end and wave (c) of the down wave may proceed.
If wave (c) of the downtrend proceeds, it is expected to drop near the 25372.0 point, so careful trading is required.
To accelerate the uptrend, it must rise above the 48214.0-50752.0 section.
If it goes down, you should check to see if it finds support at the 37301.0-38225.0 zone.
It remains to be seen whether the RS line can be maintained above 80 on the wRSI_SR indicator.
In the CCI-RC indicator, if the CCI line crosses above the EMA line or above the zero point, volatility may occur, so careful trading is required.
We will have to wait and see if the challenges for the 1st and 2nd resistance sections continue between around June 14th and 18th.
(1h chart)
Notice the movement before and after the time indicated on the chart.
If it breaks above the 37784.5-39948.0 section, it is expected that there will be a movement to create a new wave.
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(BTCUSDT 1W Chart)
We need to see if we can move up 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.
Section A is a section that has received support and resistance, and is an important section in the flow.
It remains to be seen if the green OBV on the volume indicator increases.
On the wRSI_SR indicator, we need to see if the RS line rises above 20 and can rise above the SR line.
It remains to be seen whether the CCI line can rise above the EMA line on the CCI-RC indicator.
If the CCI line falls below 100, you need to trade with caution as volatility may occur.
(1D chart)
We will have to wait and see if we can break through the 40586.96-41950.0 section of the primary resistance section and the 45135.66 section of the second resistance section.
If it falls from the 40586.96-45135.66 section, it may fall near the 25362.63 point, so you need to trade cautiously.
This is because the rebound wave (b) of a bearish wave may end and wave (c) of a downtrend may proceed.
For the uptrend to accelerate, it must rise above the 48188.13-50736.52 section.
If it goes down, you should check to see if it finds support at the 37252.01-38150.02 zone.
It remains to be seen if the red of OBV in the volume indicator decreases and turns green.
Green in OBV means buy.
Therefore, if the green color increases, it means that the number of sheets increases.
You should watch the OBV turn green and then see if the centerline rises.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
------------------------------------
(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 proceed with the trade considering that a downtrend is underway until it breaks away from the downtrend line.
(1D chart)
It remains to be seen if it can rise above the 47954000 point.
If it goes down, we need to see if it finds support at the 43400000 point.
In order to turn into an uptrend, it needs to rise above the 47268000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
If the decline from the 3555000 point is, you can touch the 29698000 point, so you need to trade carefully.
You have to watch to see if the wiggle and support to form the floor continues.
Accordingly, it may touch between the 38483000 point and the uptrend line (2) and move higher again.
(Upbit BTCKRW 1D Chart)
----------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
I think it is a good thing that BTC dominance rises as the BTC price rises.
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.
The movement of altcoins is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movements of major coins.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
To continue the uptrend of the coin market, we need to see if it can drop below the 3.785 point at least.
If possible, we should wait and see if we can get below the 3.374 point.
----------------------------
(USDT 1D Chart)
(Candle display between 3rd and 6th of June seems a bit inaccurate.
It is expected that strange signs have occurred due to the volatility of the coin market.)
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 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.
The green color of OBV in the trading volume indicator has been rapidly decreasing since May 30th.
Therefore, it is highly likely that wave b of the current downtrend is in progress.
------------------------------------------
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 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 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)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XBTUSD 1W Chart)
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.
A decline from the 27650.0 point is virtually impossible to recover from a major bear market.
Therefore, I don't think there will be any touching 18195.0-19714.5 section in the second half of this year.
The 22741.5 point is touchable, and if it does, we expect a quick rebound to move up near the 27650.0 point.
(1D chart)
This is because if the two resistance bands are not broken, wave (b), the rebound wave of the downtrend, will eventually end and wave (c) of the down wave may proceed.
If wave (c) of the downtrend proceeds, it is expected to drop near the 25372.0 point, so careful trading is required.
To accelerate the uptrend, it must rise above the 48214.0-50752.0 section.
If it goes down, you should check to see if it finds support at the 37301.0-38225.0 zone.
It remains to be seen whether the RS line can be maintained above 80 on the wRSI_SR indicator.
In the CCI-RC indicator, if the CCI line crosses above the EMA line or above the zero point, volatility may occur, so careful trading is required.
We will have to wait and see if the challenges for the 1st and 2nd resistance sections continue between around June 14th and 18th.
(1h chart)
Notice the movement before and after the time indicated on the chart.
If it breaks above the 37784.5-39948.0 section, it is expected that there will be a movement to create a new wave.
----------------------------------------------
(BTCUSDT 1W Chart)
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.
Section A is a section that has received support and resistance, and is an important section in the flow.
It remains to be seen if the green OBV on the volume indicator increases.
On the wRSI_SR indicator, we need to see if the RS line rises above 20 and can rise above the SR line.
It remains to be seen whether the CCI line can rise above the EMA line on the CCI-RC indicator.
If the CCI line falls below 100, you need to trade with caution as volatility may occur.
(1D chart)
If it falls from the 40586.96-45135.66 section, it may fall near the 25362.63 point, so you need to trade cautiously.
This is because the rebound wave (b) of a bearish wave may end and wave (c) of a downtrend may proceed.
For the uptrend to accelerate, it must rise above the 48188.13-50736.52 section.
If it goes down, you should check to see if it finds support at the 37252.01-38150.02 zone.
It remains to be seen if the red of OBV in the volume indicator decreases and turns green.
Green in OBV means buy.
Therefore, if the green color increases, it means that the number of sheets increases.
You should watch the OBV turn green and then see if the centerline rises.
(BTCUSDTPERP 1h Chart)
(UTC)
------------------------------------
(BTCKRW 1W chart)
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 proceed with the trade considering that a downtrend is underway until it breaks away from the downtrend line.
(1D chart)
If it goes down, we need to see if it finds support at the 43400000 point.
In order to turn into an uptrend, it needs to rise above the 47268000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
If the decline from the 3555000 point is, you can touch the 29698000 point, so you need to trade carefully.
You have to watch to see if the wiggle and support to form the floor continues.
Accordingly, it may touch between the 38483000 point and the uptrend line (2) and move higher again.
(Upbit BTCKRW 1D Chart)
----------------------------------------
(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.
The movement of altcoins is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movements of major coins.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
If possible, we should wait and see if we can get below the 3.374 point.
----------------------------
(USDT 1D Chart)
It is expected that strange signs have occurred due to the volatility of the coin market.)
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 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.
The green color of OBV in the trading volume indicator has been rapidly decreasing since May 30th.
Therefore, it is highly likely that wave b of the current downtrend is in progress.
------------------------------------------
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 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 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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
