readCrypto

Bitcoin (BTC) - June 22

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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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.


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

It shows a downward trend in the 32290.5-34107.5 section.
You need to make sure you can quickly climb above the 32290.5 point.

If it goes down, you should check to see if it finds support at the 30448.0 point.

The 30448.0-32986.0 section is the section that determines the direction and is expected to rise if supported.

A decline from the 30448.0 point is expected to find support at the 27071.0-29350.0 zone.
However, if the trading volume falls due to an explosive increase, you can touch the 22741.5-25372.0 section, so careful trading is required.


Overall, the trading volume is in a state of decline.
This drop is also ongoing without a significant increase in volume.
However, you do not know when the volume will drop as the volume increases, so you need to trade with caution.

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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.


(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, a sharp rise is expected 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.

In the CCI-RC indicator, volatility occurred as the CCI line fell below the -100 point.



(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 goes down, we should see support at the 32023000-35545000 zone 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 on the way out of 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.
So, you need to make sure you get support in this section.

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.


We need to see if it can move above the 38483000 point and break out of the downtrend line.
In particular, it remains to be seen if it can rise above the 43400000 point.


(Upbit BTCKRW 1D 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 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 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:
(USDT 1D Chart)
Comment:
(Coinbase BTCUSD 12M Chart)

(1M chart)

(1W chart)

(1D chart)
Comment:
(XBTUSD 1h chart)
(UTC) It is expected to form a bottom by touching the section 27071-29350.0.

[Example of exchange chart setup]

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

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

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