Bitcoin (BTC) - June 14 (volatility period around June 14-18)

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(BTCUSDT 1W Chart)
istantanea
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.

Section A is a section that has received support and resistance, and is an important section in the flow.

It remains to be seen if the green 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.
If the CCI line falls below 100, you need to trade with caution as volatility may occur.

(1D chart)
It needs to rise above the 38150.02 point and find support in order to transition into an uptrend.
However, in order for the uptrend to accelerate, it must rise above the 48188.13-50736.52 section.

If it does, we should see if we can move along the short-term downtrend line.
If it doesn't fall below the short-term downtrend line, I expect further upside.


It remains to be seen whether the 40586.96-41950.0 section, which is the primary resistance section, and the 45135.66 section, the secondary resistance section, can break above the upper level.

If it falls from the 40586.96-45135.66 section, it may fall near the 25362.63 point, so you need to trade cautiously.
This is because the rebound wave (b) of a bearish wave may end and wave (c) of a downtrend may proceed.


It remains to be seen if the red of OBV in the volume indicator decreases and turns green.


The next volatility period is around June 14th.
We will have to wait and see if we can break above the 40586.96 point between around 14-18 June.


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

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(XBTUSD 1W Chart)
istantanea
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.

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.

The 22741.5 point is touchable, and if it does, we expect a quick rebound to move up near the 27650.0 point.

(1D chart)
istantanea
In order to transition into an uptrend, it needs to rise above the 38225.0 point and find support.
However, in order to accelerate the uptrend, it must rise above the 48214.0-50752.0 section.

If it does, we should see if we can move along the short-term downtrend line.
If it doesn't fall below the short-term downtrend line, I expect further upside.


We need to see if we can break through the 40163.5-42084.0 and 45211.0-47265.5 sections, which are the primary resistance sections.
This is because if the two resistance bands are not broken, wave (b), the rebound wave of the downtrend, will eventually end, and wave (c) of the downtrend may proceed.
If wave (c) of the downtrend proceeds, it is expected to drop near the 25372.0 point, so careful trading is required.


It remains to be seen whether the RS line can be maintained above 80 on the wRSI_SR indicator.
On the CCI-RC indicator, we need to see if the CCI line rises above the -100 point and moves out of the downtrend line.
At this point, you need to be aware of any possible volatility.


The next volatility period is around June 14th. (The date has changed.)
We will have to wait and see if we can break above the 40600 mark between around 14-18 June.


(1h chart)
(UTC) istantanea
Notice the movement before and after the time shown on the chart.
If it breaks above the 37784.5-39948.0 section, it is expected that there will be a movement to create a new wave.

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(BTC Dominance (BTC.D) 1D Chart)
istantanea
I think it is a good thing that BTC dominance rises as the BTC price rises.

If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.

We will have to wait and see if BTC Dominance can touch the 47.64-48.81 range and move lower.
If it rises above the downtrend line (1), only BTC price can rise, so this also requires careful trading.

This year, altcoins are moving well enough to say that they are leading the market.
Accordingly, we need to look at the movements of major coins.

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(USDT Dominance (USDT.D) 1D Chart)
istantanea
To continue the uptrend of the coin market, we need to see if it can drop below the 3.785 point at least.

The volatility around June 13th (June 12-14) should touch the downtrend line (2) and see if it can move lower.

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(USDT 1D Chart)
istantanea
(Candle display between 3rd and 6th of June seems a bit inaccurate.
It is expected that strange signs have occurred due to the volatility of the coin market.)

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.

If the price falls below 61.765B, it is likely to touch 56.607B, so be careful.

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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)
Nota
(XBTUSD 1D Chart)
istantanea
As it rose above the 40163.5 point, the challenge began in the 40163.5-42084.0 section, the first resistance section.

It remains to be seen whether the second resistance section, 45211.0-47265.5 section, will also challenge.

This challenge is expected to last until around June 18 (June 17-19).
Nota
(XBTUSD 1h chart)
(UTC) istantanea
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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