readCrypto

Bitcoin (BTC) - June 3 (Volatility period June 3~5)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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Touch section B (8463~8870) and it is located in the high volume profile section (9415~9728.5).

In the CME Bitcoin chart, I think it is the volatility period (June 2-4).
On the XBTUSD chart, it is around June 4 (June 3-5).

Therefore, if there is Volatility within the ranges of section A (10968~11516.5) and section B (8463~8870), I think it is good to temporarily stop trading and check the situation.

Maximum climbable section: 10968~11516.5 section
(Section to be supported when falling after touch: 10088.5~10300)

Section B that is likely to be supported in the event of a downturn: Section 6543~6840.5


If you do sideways in the section 9415 to 9728.5 and you are located near the intersection of the uptrend line (3) and the downtrend line (4) (about 9657), I think there is a possibility that you will rise again.

If it does not, and if it gradually declines and falls below the 9415 point, there is a possibility of falling below the downtrend line (2) or 9K.

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** Check 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 profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Comment:
(Bitstamp BTC 1D chart.)
Comment:
(Binance BTC Futures chart.)
Comment:
(Binance BTC futures 1D chart.)
We need to make sure we can rise above the uptrend line (1) and the 9591.11 point.
You should also check if you can get support from the short-term uptrend line (2).

It is necessary to check whether it can be located within the range even after the date indicated on the chart in section A (Rising trend lines (2) to (1), 9591.11 to 9866.88).

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It will be published on the Binance futures chart from the second half of this year or next year.
Since BitMEX futures have too much volatility compared to other exchanges, it is likely to make a wrong decision, so we will change it.
Thank you for your understanding.
Comment:
(XBTUSD 1h chart.)

We need to make sure that we can get the sideways flow that gets support at 9415 and rises to 9728.5.

In addition, you should also check if you can gain support from the A section (9080~9321), that is, 9274~9286, and rise strongly to reach the 9728.5 point or higher.

If you fall in section A, you are likely to touch the previous drop of 8625 again.
Comment:
(USDT dominance chart.)
We believe that USDT dominance must fall in order for the coin market to rise.

You need to check if you can drop below 3.36 points.

You should also check if it rises above 3.48.
Comment:
This is a chart that has been posted as an update from the past.
Check support and resistance points or sections.
Comment:

[Example of exchange chart setup]

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

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