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Bitcoin (BTC) - June 9

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.

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 if the CCI line can break out of the downtrend 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)
It remains to be seen whether the 32974.79-40586.96 section can continue sideways.

If it goes down, you should check to see if it finds support at the 30437.40-32974.79 zone.

If it falls in the 30437.40-32974.79 section, it may touch near the 25362.63 point, so you need to trade carefully.
In particular, you should touch the 27079.41-28923.63 section and see if you can climb.

It needs to rise above the 38150.02 point and find support to turn into an uptrend.
However, in order for the uptrend to accelerate, it must rise above the 48188.13-50736.52 section.

Trading volume is showing a slight increase.
It remains to be seen if the red of OBV in the volume indicator decreases and turns green.

The next volatility period is around June 14th.


(BTCUSDTPERP 1h Chart)
(UTC) Notice the movement before and after the time shown 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.

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.

Money continues to flow into the coin market.
The funds can take short positions in margin trading or futures trading, but I think it is highly likely to buy in the spot market.
Therefore, as long as a lot of money is flowing into the coin market, we expect it to eventually lead to an uptrend.

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)
It remains to be seen whether the 32986.0-40600.0 section can continue to converse.

If it goes down, you should check to see if it finds support at the 30448.0-32986.0 zone.
In particular, we should see support at the 33101.0 point and see if we can move higher.

The 33101.0 point is an important point, and if it declines from this point, it is likely to touch near the 25372.0 point, so trade cautiously.

In order to transition into an uptrend, it needs to rise above the 38225.0 point and find support.
However, in order to accelerate the uptrend, it must rise above the 48214.0-50752.0 section.

In the wRSI_SR indicator, the RS line fell below 20 and entered the oversold section.
In the last two cases, it took more than 7 days to rise from the oversold zone.

On the CCI-RC indicator, we need to see if the CCI line rises above the -100 point and moves out of the downtrend line.
At this point, you need to be aware of any possible volatility.

The next volatility period is around June 13th.


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

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(BTC Dominance (BTC.D) 1D Chart)
If you see movement that deviates from the 41.75-43.75 zone, watch to see if it touches the 38.95 point or the 47.64-48.81 zone.

If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.

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.

You need to trade with caution as there can be sharp volatility due to the decrease in trading volume on the BTC price chart.

If BTC dominance rises, we should touch the 48.81 point and see if it can move lower.

If BTC dominance is falling, you need to see if the volume on the BTC price chart is accompanied by an uptrend.

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(USDT Dominance (USDT.D) 1D Chart)
To continue the uptrend of the coin market, we will have to wait and see if it can drop below the 3.657 point at least.

The next volatility period on the USDT dominance chart is around June 13th.

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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.

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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)

[Example of exchange chart setup]

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

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