Bitcoin (BTC) - June 15
Updated
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(BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points.
The sections 21481.1-22000.0 and 23050.0-23722.8 are expected to form support and resistance sections.
So, you need to check which direction you are deviating within this interval.
If it falls to the vicinity of 19424.9, it is necessary to check whether it rises with a sharp movement.
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When BTC price plummets or surges, BTC dominance rises most of the time.
I think this is a phenomenon that occurs as funds are concentrated towards BTC.
Therefore, the coin market is led by BTC to determine the trend.
However, looking at the current movement, BTC Dominance (BTC.D) is falling.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade with caution.
As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market.
However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful.
The coin market is expected to start bullish when it starts to decouple from the stock market's index chart.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of 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.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points.
The sections 21481.1-22000.0 and 23050.0-23722.8 are expected to form support and resistance sections.
So, you need to check which direction you are deviating within this interval.
If it falls to the vicinity of 19424.9, it is necessary to check whether it rises with a sharp movement.
-------------------------------------
When BTC price plummets or surges, BTC dominance rises most of the time.
I think this is a phenomenon that occurs as funds are concentrated towards BTC.
Therefore, the coin market is led by BTC to determine the trend.
However, looking at the current movement, BTC Dominance (BTC.D) is falling.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade with caution.
As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market.
However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful.
The coin market is expected to start bullish when it starts to decouple from the stock market's index chart.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of 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
(USDC 1D Chart)USDC experienced a 0.22% gap gain.
So, you can see that new funds have come in through USDC.
Note
(BTCUSDT 1W Chart)It is important to be able to climb above the 27033.35-29812.52 section.
If it goes below 21475.02, I think it will most likely be the last bearish wave.
Therefore, it is important to have cash to buy concentratedly in the last downtrend.
A full-fledged buy is when it is supported by rising above the 27033.35-29812.52 section.
Note
(USDC 1D Chart)How to interpret this...
There seems to have been a transfer of funds.
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