Bitcoin (BTC) - June 6
Updated
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(BTCUSDT 1W Chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02
1st support: 28923.63-29812.52
2nd support: around 27033.35
We need to see if the stock can break out of the oversold zone of the RSI.
Based on this week, I think it is highly likely that new changes will begin.
Therefore, it is important to be supported above the 28923.63-29812.52 section.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 30444.93 to turn into an uptrend.
A volume profile section is formed around 28923.63.
Therefore, it is important to be supported above 28923.63.
Taken together, it can be seen that the section 28923.63-30444.93 is an important support section.
Based on the 4-6 June volatility, we believe a new trend is likely to form.
An attempt was made to break through 32259.90 a few days ago, but failed.
Support above 28923.63 after a failed breakout attempt is a positive move for another breakout attempt.
If it falls below 28923.63, a Stop Loss is necessary as it is likely to lead to further declines.
We recommend that you think about whether you can proceed with Stop Loss among your assets.
Stop Loss does not mean 100% sell.
Selling 100% in the coin market is because it means that the sold coin (token) will not trade itself until the next wave occurs.
Selling 100% is likely to read an opportunity when it turns into an uptrend, as the coin market flow is on the borderline between an uptrend and a downtrend.
Therefore, it is necessary to determine the appropriate amount of Stop Loss.
If it temporarily declines near 27033.35, you should see a quick rise above 28923.63.
Failure to quickly move above 28923.63 is expected to lead to further declines.
A move above 30444.93 and supported should lead to an attempt to move above 32259.90.
When this attempt fails, it must be supported at 28923.63 or higher.
If possible, it should be supported near 30444.93.
Therefore, if there is an attempt to break through 32259.90 in the future,
1st support: around 30444.93
2nd support: 28923.63-29812.52.
The point where we can see the trend reversing is definitely at 32259.90.
However, it is expected that the upward trend will continue only after the 35045.0-39942.38 section, which is a wide support and resistance section, is crossed.
(buying)
- After confirming the support in section 29812.52-30444.93
(Stop Loss)
- When resistance is received by falling in the section 28923.63-29287.05
- When it falls below 27033.35
(Sell)
- When resistance is received in the section 32259.90-35045.0
- When resistance is received in the section 37253.81-39942.38
If it finds support above 39942.38, I would expect it to surge.
------------------------------------------------------------ -----------------------------------------------------
** 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 convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02
1st support: 28923.63-29812.52
2nd support: around 27033.35
We need to see if the stock can break out of the oversold zone of the RSI.
Based on this week, I think it is highly likely that new changes will begin.
Therefore, it is important to be supported above the 28923.63-29812.52 section.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 30444.93 to turn into an uptrend.
A volume profile section is formed around 28923.63.
Therefore, it is important to be supported above 28923.63.
Taken together, it can be seen that the section 28923.63-30444.93 is an important support section.
Based on the 4-6 June volatility, we believe a new trend is likely to form.
An attempt was made to break through 32259.90 a few days ago, but failed.
Support above 28923.63 after a failed breakout attempt is a positive move for another breakout attempt.
If it falls below 28923.63, a Stop Loss is necessary as it is likely to lead to further declines.
We recommend that you think about whether you can proceed with Stop Loss among your assets.
Stop Loss does not mean 100% sell.
Selling 100% in the coin market is because it means that the sold coin (token) will not trade itself until the next wave occurs.
Selling 100% is likely to read an opportunity when it turns into an uptrend, as the coin market flow is on the borderline between an uptrend and a downtrend.
Therefore, it is necessary to determine the appropriate amount of Stop Loss.
If it temporarily declines near 27033.35, you should see a quick rise above 28923.63.
Failure to quickly move above 28923.63 is expected to lead to further declines.
A move above 30444.93 and supported should lead to an attempt to move above 32259.90.
When this attempt fails, it must be supported at 28923.63 or higher.
If possible, it should be supported near 30444.93.
Therefore, if there is an attempt to break through 32259.90 in the future,
1st support: around 30444.93
2nd support: 28923.63-29812.52.
The point where we can see the trend reversing is definitely at 32259.90.
However, it is expected that the upward trend will continue only after the 35045.0-39942.38 section, which is a wide support and resistance section, is crossed.
(buying)
- After confirming the support in section 29812.52-30444.93
(Stop Loss)
- When resistance is received by falling in the section 28923.63-29287.05
- When it falls below 27033.35
(Sell)
- When resistance is received in the section 32259.90-35045.0
- When resistance is received in the section 37253.81-39942.38
If it finds support above 39942.38, I would expect it to surge.
------------------------------------------------------------ -----------------------------------------------------
** 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 convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
Note
(BTCUSDTPERP 1D + BTC.D, USDT.D 1W + NASDAQ 1D Chart)During the volatility period of June 4-6, the bulls continued to break through the MS-Signal indicator.
Whether or not it is supported above 30437.0 is an important factor.
You should also check to see if it leads to an attempt to break through the 32275.6 point.
The next volatility period is around July 16th (based on the BTCUSDTPERP chart).
At this time, you should also pay attention to whether it attempts to rise above 38200.0 by breaking through the mid- to long-term downtrend line.
If it fails to cross the mid/long-term downtrend line and finds support at the 27054.1-29840.6 section, I expect it to eventually cross the mid/long-term downtrend line.
For the coin market to continue its upward trend, USDT Dominance (USDT.D) must decrease.
If BTC Dominance (BTC.D) goes down, it will most likely lead to an uptrend in altcoins.
USDT dominance declines, and if BTC dominance rises, it can be said that there is a high probability that only BTC price will dominate.
Therefore, when the BTC dominance and USDT dominance both decline, the overall bull market in the coin market will start.
When the US stock market starts to move differently from the index chart, the coin market will create a new wave.
As US institutional investors enter the coin market, they tend to be influenced by the index charts of the US stock market.
In addition, as we continue to launch coin-related investment products, that movement is getting stronger.
However, at some point, it will begin to decouple from the index chart of the US stock market, and from that point on, the coin market is expected to lead to a major uptrend.
This is because there is a possibility that there will be a movement to increase the value of the launched investment product and obtain continuous profit in the coin market.
This is because they launch a new investment product with a large amount of money, and they desperately want that investment product to be successful.
It is quite difficult to analyze the information overflowing in all kinds of media and invest in connection with one's investment purpose.
It is also difficult to distinguish between true and false in any information.
It is also not easy to make an investment with a roadmap for coins (tokens).
The reason is that there are not many coins (tokens) associated with the actual business.
Currently, I believe that the only way to invest in the coin market is to look at the chart and trade according to the flow of funds.
Until it is related to more real businesses in the future, I think that you should set a target for trading and make an investment based on the chart.
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