Currently, BTC is in an obscure, important area
Updated
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(BTCUSDT chart)
It is the same as what I said through the BTCUSDT chart.
As the month of June began, a downward channel was formed on the 1M chart, a long-term perspective.
Therefore, whether or not it breaks out of this downtrend channel is expected to affect the long-term trend.
Therefore, it is important to see if the price can sustain the rise above 28454.9.
On the 1W chart, i.e. from a medium to long term perspective, the area around 27576.0 is an important support and resistance zone.
Therefore, it is expected that the trend will change depending on whether it is supported or resisted near the HA-High indicator on the 1W chart.
Therefore, the key is whether the price can maintain the price by rising above 27486.4, the point of the HA-HIgh indicator on the 1W chart drawn on the 1D chart.
A down channel was created on the 1M chart, but the direction is not easy to predict as it is located within an up channel on the 1W chart.
Therefore, when you are in such an obscure zone, it is better to wait for direction to occur without trading if possible.
Depending on my investment period, short-term trading is possible when it shows support near the HA-Low indicator on the current 1D chart.
And, mid- to long-term trading is possible when it shows support near the HA-High indicator on the 1W chart.
How long is your investment period?
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(BTCKRW chart)
Depending on whether there is support or resistance around 35539000, a trend is expected to form.
When a new downtrend line is created on the 1M chart, a downside channel has been created and a trading strategy is needed to prepare for the downside.
Therefore, it is a matter of which way you deviate from the 35539000-37821000 interval.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
It is the same as what I said through the BTCUSDT chart.
As the month of June began, a downward channel was formed on the 1M chart, a long-term perspective.
Therefore, whether or not it breaks out of this downtrend channel is expected to affect the long-term trend.
Therefore, it is important to see if the price can sustain the rise above 28454.9.
On the 1W chart, i.e. from a medium to long term perspective, the area around 27576.0 is an important support and resistance zone.
Therefore, it is expected that the trend will change depending on whether it is supported or resisted near the HA-High indicator on the 1W chart.
Therefore, the key is whether the price can maintain the price by rising above 27486.4, the point of the HA-HIgh indicator on the 1W chart drawn on the 1D chart.
A down channel was created on the 1M chart, but the direction is not easy to predict as it is located within an up channel on the 1W chart.
Therefore, when you are in such an obscure zone, it is better to wait for direction to occur without trading if possible.
Depending on my investment period, short-term trading is possible when it shows support near the HA-Low indicator on the current 1D chart.
And, mid- to long-term trading is possible when it shows support near the HA-High indicator on the 1W chart.
How long is your investment period?
------------------------------------------
(BTCKRW chart)
Depending on whether there is support or resistance around 35539000, a trend is expected to form.
When a new downtrend line is created on the 1M chart, a downside channel has been created and a trading strategy is needed to prepare for the downside.
Therefore, it is a matter of which way you deviate from the 35539000-37821000 interval.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Note
I published 3 ideas, but I've summarized them for those who don't know what they're talking about."Be prepared for a drop in price!"
(reason and basis)
- DXY rise
- Decrease in USDT gap
- Maintain USDC downtrend
- Maintain USDT.D rising trend
- BTCUSDT long-term position within the downtrend channel
However, it is necessary to check which direction BTCUSDT deviates from the 26574.53-27496.02 range.
Note
(BTCUSDT.P chart)A decline below 25882.9 and showing resistance, I would expect a decline around 23129.6.
The reason is that it is likely to have turned into a downtrend in the mid- to long-term perspective as it will fall below the M-Signal indicator on the 1W and 1M charts and will be resisted.
However, this decline is likely to be the second wave of the uptrend from a long-term perspective.
So, I think it's an important time to find out when to buy from a long-term perspective.
If it rises above 25882.9 and shows support, that is, if the price maintains above the M-Signal indicator on the 1W and 1M charts, the key is whether it can rise above 27486.4.
The next volatility period is around June 13-18.
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