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Bitcoin (BTC) - June 5 (volatility period-1)

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 see 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.


(1D chart)
We will have to wait and see if we can move above the 37301.0 point.
We should see support above the 37301.0 point and see if we can move above the MS-Signal indicator.

If you touch the MS-Singal indicator, volatility is expected.
Accordingly, we believe that volatility is likely to occur around June 6 (June 5-7).

We'll have to wait and see if this volatility triggers a move out of the 32986.0-40600.0 zone.
In particular, it is important to have support above the 37301.0 point.


(1h chart)
Notice the movement before and after the time shown on the chart.
It remains to be seen if the 36610.5-37301.0 zone can find support and move up.

The first resistance section is the 40163.5-42084.0 section, but it has not broken through the 37784.5-39948.0 section.
I think this is because the trading volume has decreased by that much.


If the trading volume falls outside the range of 35784.5-38225.0,
If they do, we will have to wait and see if they find support at the 32290.5-34107.5 zone.
If it does go up, you should check to see if there is resistance at 37784.5-39948.0.

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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.

It remains to be seen if the green of the 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.


(1D chart)
We'll have to wait and see if we can climb to the 37252.01-38150.02 section quickly.

As volatility can occur while touching the MS-Signal indicator, careful trading is required.

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 respond to 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).
It is important not to fall below the uptrend line (2).

(1D chart)
You should watch for any movement out of the 38483000-47268000 section.
In particular, it remains to be seen if the price can sustain above the 43.40000 point.

To turn into an uptrend, it needs to rise above the 47954000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.

If it goes down, you should check to see if it finds support in the 3555000-38483000 zone.
However, if it falls below the uptrend line (2), the downtrend may come out suddenly, so careful trading is required.


(Upbit BTCKRW 1D Chart)

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(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if there is any movement outside the 41.75-43.75 zone due to the volatility around June 6 (June 5-7).

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.
We believe that the volatility of BTC price is more likely due to the decrease in trading volume than the volatility of BTC price due to the decline in BTC dominance.

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 3.374 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 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 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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