Bitcoin (BTC) - June 12
Updated
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Touch and rebound near point 9004 to locate near point 9274.
You need to make sure you can get support at point 9274.
If it does, there is a chance that you can touch the downtrend line (1) or 9004 to 9080 again.
At this time, it is important to get support from the downtrend line (1).
Since the volatility period is over, trading for new profits is possible to preserve profits and losses.
However, since the BTC price has declined as of yet, we have not yet taken the sideways section, so we believe that careful trading is necessary and split trading is essential.
Since you did not deviate from section A or section B, you can buy or sell.
I think it is the best flow to do sideways by going up to the high volume profile section (9415~9728.5).
I think 50EMA is the MA that makes money.
Therefore, since I touched 50EMA and the BTC rose, I am expecting to make a profit until I touch 50EMA again.
Even if the strategy or scenario you think is wrong, it is the strategy or scenario that best suits you.
How much you believe and practice your strategy or scenario is the most important thing in trading.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Touch and rebound near point 9004 to locate near point 9274.
You need to make sure you can get support at point 9274.
If it does, there is a chance that you can touch the downtrend line (1) or 9004 to 9080 again.
At this time, it is important to get support from the downtrend line (1).
Since the volatility period is over, trading for new profits is possible to preserve profits and losses.
However, since the BTC price has declined as of yet, we have not yet taken the sideways section, so we believe that careful trading is necessary and split trading is essential.
Since you did not deviate from section A or section B, you can buy or sell.
I think it is the best flow to do sideways by going up to the high volume profile section (9415~9728.5).
I think 50EMA is the MA that makes money.
Therefore, since I touched 50EMA and the BTC rose, I am expecting to make a profit until I touch 50EMA again.
Even if the strategy or scenario you think is wrong, it is the strategy or scenario that best suits you.
How much you believe and practice your strategy or scenario is the most important thing in trading.
------------------------------------------------
** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Note
Note
(1h chart.)It's located above 9286, an important point on the 1h chart.
You still need to make sure you can get support at points 9274 or above 9286.
Note
This is a way to remove the yellow circle or inverted triangle from the Idea Stream.This was obtained by contacting the TradingView customer support team.
I hope it helped you look at the analysis charts.
Note
(USDT dominance chart.)Touch near point 3.62 and it is located at point 3.53.
We need to make sure we can drop below 3.50 or 3.48, which was the previous gap point.
Note
(Binance BTC futures chart.)We need to make sure we can climb to 9866.88 after June 14th.
In addition, you need to make sure that you climb above 9397 and get support.
If it falls, you should get support at point 9204.
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The reason we publish our analysis on the Binance BTC Futures Chart (BTCUSDTPERP) is that the movement of the BitMEX exchange sometimes makes a lot of difference from other exchanges.
Note
It is rising inside the high volume profile section (9415~9728.5).
Therefore, it is now better to get support above point 9415.
It should be supported at 9274~9286 at the maximum.
Note
(USDT dominance chart.)We need to make sure we can resist by falling below the previous gap point of 3.48.
You should also check if you can drop below the critical point of 3.37.
If you can't fall below 3.48, you're likely to touch 3.62 again.
If USDT dominance falls, I think it is highly likely that the funds will be used to buy coins.
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