readCrypto

32275.6 Breakthrough Attempt Probability

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(BTCUSDT.P chart)

Looking at the 1M chart,
If the price stays above the 28454.9-28951.7 zone, it breaks out of the downtrend channel.

Accordingly, you must choose whether to proceed with the second split purchase from a long-term perspective, or proceed with full-fledged purchase when supported by the HA-High indicator on the 1M chart.


Looking at the 1W chart,
Since it rose above the HA-High indicator on the 1W chart, it is expected to break the latest high.

Accordingly, it is expected to rise to around 32275.6.

Currently, it is difficult to proceed with the purchase as it is located midway between 27576.0 and 32275.6, that is, near the previous latest high of 31059.0.

Therefore, it is judged that it is better to wait and see from a mid- to long-term perspective.

However, if you bought near the HA-High indicator of the 1W chart, that is, around 27576.0, it is recommended to split and sell if you see resistance around 32275.6.


Looking at the 1D chart,
It is located near the HA-High indicator on the 1D chart.

Accordingly, it is necessary to check whether it is supported or resisted by the HA-High indicator on the 1D chart.

A drop below the 28454.9-28951.7 zone could lead to further declines, so countermeasures should be considered.

If it leads to further declines, it will be important to find support around 27486.4.


The next volatility period is around July 4-11.

After this period of volatility, the question is whether the price remains above the HA-High indicator on the 1D chart.


If it is supported and rises from the HA-High indicator on the 1D chart,
1st: 32275.6
2nd: 35280.2
The area around the 1st and 2nd above corresponds to the split selling section.

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(BTCKRW chart)
The next period of volatility is around June 29th.

During this period of volatility, we need to see if there is a move out of the 37821000-40674000 range.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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[Example of exchange chart setup]

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

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