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Bitcoin (BTC) - June 18 (volatility period until around June 18)

BINANCE:BTCUSDT   Bitcoin / TetherUS
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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.

I can't draw conclusions as the week isn't over yet, but the Heikin Ashi candle is showing signs of turning into a bullish one.

However, if the price is below the MS-Signal indicator, it's hard to see that it's turned into an uptrend, so you should check where it closes this week.


(1D chart)
It remains to be seen if the 37252.01-38150.02 section can find support and move up.

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 wave (b) of the down wave may end and wave (c) of the down wave may proceed.


This volatility period is until June 19th.
It touched the 40586.96 point and fell and is currently located in the 32974.79-40586.96 section, which is a sideways section.
As the volume continues to decline, the movement towards the ups and downs has slowed.

If this condition continues until around June 30th, there is a possibility of a reversal to an uptrend.

The next volatility period is around June 30th.


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

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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)
If the 37301.0-38225.0 zone finds support and climbs, we expect an attempt to break through the 40600.0 point.

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.

We expect a rebound wave followed by a bearish wave.
However, as the trading volume continues to decrease, it is creating a picture of a sideways trend in the 32986.0-40600.0 section.

If this sideways trend continues and the M-Signal line of the 1W chart enters the 32986.0-40600.0 section, it is expected that the downward wave will end and turn into an upward wave.

Currently, the M-Signal line on the 1W chart is passing the 42084.0 point.

The 30448.0-32986.0 section is an important support and resistance section that determines the direction.

The next volatility period is around June 30th.


(1h chart)
( UTC ) Notice the movement before and after the time indicated on the chart.

It remains to be seen if the 37784.5-39948.0 zone can find support and move above the 40600.0 point.

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( BTC Dominance ( BTC .D) 1D Chart)
For the coin market to turn into an uptrend, BTC price must rise first.
For that to happen, the funds need to be focused towards BTC .
However, since the trading volume itself is in a state of decline, it is thought that the coin market is moving sideways.

Volatility around June 18 (June 17-19) should touch the 47.64-48.81 zone and see if it can move lower.
In particular, it should not rise above the downtrend line (1).


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)
To continue the uptrend of the coin market, we need to see if it can drop below the 3.785 point at least.

If it does not close above the downtrend line (2), it is expected to move below the 3.785 point.

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(USDT 1D Chart)
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 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)
코멘트: (BTCUSDT 1D Chart)
As the center line of OBV in the volume indicator declines, it shows that the volume is falling sharply.

We believe that such a move has the potential to create a situation like the eve of a storm where it can turn in a new direction.
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코멘트

Nice and extremely detailed, thank you so much for your hard work 👏😄
great update as well, appreciate the post
응답
Amazing service, good job.
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