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Bitcoin (BTC) - June 1 (volatility period-2)

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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 volatility around June 1st (May 31st - June 2nd) should see if there is any movement outside the 32986.0-40600.0 range.
In particular, we should watch to see if we can move above the uptrend line (2).

If it goes down, you should check to see if it finds support at the 30448.0-32986.0 zone.

To convert into an uptrend, it needs to rise above the 40600.0 point and find support.


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

It is important to see if the 40163.5-42084.0 section can break above this section as a first-order resistance section.

If it goes down, you should check to see if it finds support at the 32290.5-34107.5 zone.
The 30448.0 point may be temporarily touched, so trade with caution.


A period of volatility refers to an interval that is difficult to predict.
Therefore, it is recommended to protect your holdings with minimal trading.
BTC direction is expected to show a direction once the volatility period is over.

Currently, it forms a box section in the section 32986.0-40600.0.
It remains to be seen if we can break out of this box during this period of volatility.

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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)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.

The volatility around June 1st (May 31st - May 2nd) should see if there is any movement out of the 32974.79-40586.96 zone.
In particular, we should watch to see if we can move above the uptrend line (2).

If it falls from the 30437.40-32974.79 section, you can touch the 25362.63 point, so you need to trade carefully.
However, it is necessary to deal with the important section, 27079.41-28923.63 section, as it may lead to a sharp rise.


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

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(BTCKRW 1W chart)
We need to see if we can move up along the uptrend line (2).

(1D chart)
We will have to wait and see if there is any movement out of the 38483000-47268000 section due to the volatility around June 1st (May 31st - 6th 2nd).

To turn into an uptrend, it needs to rise above the 51798000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.


(Upbit BTCKRW 1D Chart)

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(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if we can break below the 43.17 point.

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.

The next volatility period on the BTC dominance chart is around June 6th.

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(USDT Dominance (USDT.D) 1D Chart)
We will have to wait and see if we can drop below the 3.785 point.
In particular, we need to watch to see if we can break below the uptrend line.

To continue the uptrend of the coin market, we will have to wait and see if it can drop below the 3.374 point.

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 the gap falls continuously, it means that funds are flowing out of the coin market, so careful trading is necessary.

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(USDC 1W chart)

(USDC Dominance (USDC.D) 1D Chart)
A lot of money seems to have flowed into the coin market.

Funds entering the coin market are expected to be used in the coin market.
Accordingly, it is always a good idea to check the movement of funds.

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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 upward trend or in a downward trend, 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 through split trading.

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:
(XBTUSD 1D chart)

[Example of exchange chart setup]

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

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