Need to check if it can rise along the important trend line

Updated

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(1M LOG chart)

(1D chart)

You can see that money is flowing into the coin market.

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For the coin market to continue its upward trend,
- Check if BTC dominance can fall below 55.01
- Check if USDT dominance can fall below 4.97

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(BTCUSDT 1D chart)

This volatility period is until June 25th.

Therefore, the key is whether it can rise along the important trend line.

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The upper section of the box of the HA-High indicator on the 1M chart is 59053.55-64K.

Therefore, the 59053.55-64K section corresponds to the support section.

Since the HA-Low indicator of the 1D chart is generated at the 62791.03 point, you can see that it is the time to buy depending on whether there is support.

Since the M-Signal indicator of the 1W chart is passing around 62791.03, you can see that the 59053.55-64K section is a meaningful section.

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It is highly likely that a full-scale uptrend will begin only when it rises above the section composed of the HA-High indicator (65.920.71) of the 1W chart and the HA-High indicator (67614.25) of the 1D chart.

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If it falls below 62791.03 and shows resistance, there is a possibility that a step-down downtrend will begin, so caution is required when trading.

However, if it falls along the HA-Low indicator, it is highly likely that a bottom section will be formed, so you should keep in mind how to proceed with the purchase.

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Have a good time.
Thank you.

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- Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

Since it is thought that a new trend can be created in the overshooting section, it is necessary to check the movement when this section is touched.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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Comment

#TONUSD

Comment

#BTCUSDT

The key is whether it can support and rise in the second section.

This volatility period is until the 25th.

Comment

#BTCUSDT

The key is whether it can rise above 62791.03
If not, it is likely to touch the important trend line - 2
The next volatility period is around July 15-28 (maximum July 14-29).

However, in the big picture, the volatility period is until the week before and after July 29.

Therefore, the volatility period is up to July 7.

Comment

We need to see if USDT and USDC continue their gap rise.

I think the gap rise of USDT and USDC is a trace of funds flowing into the coin market.

I think it is better to interpret USDT from a mid- to long-term perspective, and USDC from a short-term perspective.

Therefore, if USDT does not show a gap downtrend, the coin market is expected to continue its upward trend.

The volatility period is expected to continue until around the end of July.

Therefore, it is expected that the buying trend will begin around the end of July.

However, if it falls below 0.886 (56060.42), it is expected to show a sharp decline, so we need to think about a response plan for this.

Comment

There are various criteria for interpreting charts, so you can interpret the chart according to your own criteria and set up a corresponding response strategy to proceed with trading.

If you cannot create a response strategy based on chart analysis, or if you cannot proceed with trading according to the response strategy you created, it is recommended to stop trading for a while and observe the situation.

Otherwise, if you continue trading due to frequent modifications to the response strategy according to price volatility, the transaction is likely to proceed in the wrong direction.

Therefore, if the chart is moving in the opposite direction to your response strategy, it is recommended to observe the progress for a while.

At this time, the important thing is whether you currently have cash.

If you do not currently have cash, you should find a time to sell to secure cash.

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Among the indicators currently displayed on the chart, the M-Signal indicator is an indicator for identifying trends.

Therefore, if M-Signal on 1D > M-Signal on 1W > M-Signal on 1M, you can see that the current uptrend is in progress.

To trade in an uptrend or downtrend, you can trade depending on whether the HA-High or HA-Low indicator supports it.

If it receives support from the HA-High indicator and rises, there is a high possibility that a stepwise uptrend will occur.

On the other hand, if it receives resistance from the HA-Low indicator and falls, there is a high possibility that a stepwise downtrend will occur.

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In the big picture, it is important to maintain the price above the M-Signal on 1M indicator in any case in order to continue the uptrend.

If it fails to do so and falls below the M-Signal on 1M indicator or switches to the state of M-Signal on 1D < M-Signal on 1W < M-Signal on 1M, there is a high possibility that a downtrend will occur.

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Currently, it is maintaining the state of M-Signal on 1D > M-Signal on 1W > M-Signal on 1M, but if it continues to move sideways, it is possible that it will switch to the state of M-Signal on 1D < M-Signal on 1W.

At this time, if it falls below the lower point of the HA-High indicator box, it is highly likely that it will fall further, so you need to have a response strategy that suits you.

Currently, the M-Signal on 1M indicator is passing around 48K, so if it falls below the lower point of the HA-Low indicator box, you should judge that it is possible that it will fall to around 48K.

Therefore, you need to think about a detailed response strategy accordingly.

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To create a trading strategy by looking at this chart, the following conditions must be met.

- Buy: When the price is maintained above M-Signal, and it shows support near the upper point of the HA-Low or HA-High indicator box.

- Sell: When the price is maintained below M-Signal, and it shows resistance near the lower point of the HA-Low or HA-High indicator box.

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The chart above shows when the M-Signal on 1W > M-Signal on 1M indicator is maintaining an upward trend in the medium to long term.

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The chart above shows when the M-Signal on 1M indicator falls below the lower point of the HA-Low indicator box, and eventually changes to the M-Signal on 1W < M-Signal on 1M state, and the downward trend continues.

After that, the HA-HIgh indicator showed a stepwise rise, and it changed to the state of M-Signal on 1W > M-Signal.

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When reviewing the chart, you can understand the flow of the chart, but when viewing it in real time, if you cannot predict the flow of the chart at all, it is better to draw your own thoughts on the chart or add indicators to check the flow.

Even if you draw or add indicators, you cannot predict the flow 100% accurately.

Therefore, you need to find support and resistance points according to the drawn or added indicators and create a response strategy accordingly.

For example, since it is currently showing resistance near the HA-Low indicator and M-Signal on 1W indicator, you need to create a trading strategy that weighs the possibility of further decline.

However, since it did not fall below the lower point of the HA-Low indicator box, there is a possibility that it will rebound to the upper point of the HA-Low indicator box, so you should also consider a response strategy according to the rise.

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What allows you to conduct a transaction is the cash you currently have.

Whether or not you have cash affects your psychological state.

Therefore, it is essential to always have cash to conduct a transaction.

If you only have cash, you can conduct a transaction depending on the situation, whether the price falls or rises, so you can have an objective eye when looking at the chart.

Comment

It is showing the first gap down since May 22.

I think the gap down is a sign of funds flowing out of the coin market.

We need to see if the gap up can continue above 32.435B.

After April 22, USDC has been in a good alignment and has turned into an upward trend.

That shows that a lot of funds are flowing back into the coin market.

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The key is whether BTC dominance can be maintained below 55.01 or fall.

The key is whether USDT dominance can fall below 4.97 and be maintained or show a downward trend.

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The above USDT, USDC, BTC.D, and USDT.D charts are charts that show the flow of funds in the coin market.

Therefore, it is recommended to interpret the above four charts comprehensively.

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In order for the coin market to continue its upward trend,
1. USDT and USDC must continue their gap upward trend.
2. BTC.D and USDT.D must continue their downward trend.
If the above two conditions are met, I think the coin market will enter an upward trend.

Comment

trading caution

Comment

Both USDT and USDC are showing a gap-down pattern.

Since the gap-down is considered a trace of funds flowing out of the coin market, it can be interpreted that the possibility of a decline has increased.

Due to this decline, the HA-Low indicator on the 1D chart is showing signs of moving from 62791.03 -> 61970.03.

In addition, since the M-Signal indicator on the 1W chart is passing around 62.2K, the key is whether it can be supported near 1 (61202.17) and rise above 63118.62.

The next volatility period is around July 15th, so we need to see if there is a move to break out of the current downtrend channel before then.

The area around 59053.55, that is, the 56150.01-61202.17 area, is an important area in the big picture.

Therefore, if it falls below the 56150.01-61202.17 area, it is likely to turn into a downtrend, so we need to think about how to respond to this.

However, if it rises along the important uptrend channel, it is expected to eventually create a new uptrend.

Comment

The StochRSI indicator is located near the midpoint.

The StochRSI indicator is showing signs of entering the oversold zone.

The StochRSI indicator is showing signs of entering the overbought zone.

However, due to the change in the slope of the StochRSI indicator, there is a possibility that it will not enter the overbought zone and will fall near the midpoint.

Accordingly, we need to check whether it can receive support and rise near 58811.32-59600.01.

Refer to the above and check the chart below.

The StochRSI indicator mentioned above is an indicator that has modified the formula of the general StochRSI indicator.

Source value: Heikin Ashi closing price
Formula: (K + D) / 2
Setting value: 14, 7, 3, 3 (RSI, Stoch, K, D)

The volatility of the StochRSI indicator is likely to occur in the following areas:
1. When the midpoint is touched
2. When trying to enter the overbought or oversold zone
3. When leaving the overbought or oversold zone

When cases 1-3 above apply, it is important to check whether there is support at the support and resistance points drawn on the 1M, 1W, and 1D charts.

Comment

USDC appears to have gapped below the important volume profile area of 32.435B.

This shows that a lot of funds have flowed out through USDC.

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