Bitcoin (BTC) - June 19
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Bitcoin (BTC) - June 19
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-------------------------------------
(BTCUSDTPERP 1D Chart)
tradingview.com/x/cPmjLuc/
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.
There was a movement out of the sideways section.
Therefore, a failure to move above 19424.9 is expected to lead to further declines.
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.
It fell from the downtrend line and fell below 19424.9.
Based on the 18866.2 point, it is expected to show the movement as shown in the figure.
If it rises above 19424.9 and breaks out of the downtrend line, I would expect a move towards the 21170.2 area.
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When BTC price plummets or soars, BTC dominance mostly rises.
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
Bitcoin (BTC) - June 19
hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
tradingview.com/x/cPmjLuc/
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.
There was a movement out of the sideways section.
Therefore, a failure to move above 19424.9 is expected to lead to further declines.
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.
It fell from the downtrend line and fell below 19424.9.
Based on the 18866.2 point, it is expected to show the movement as shown in the figure.
If it rises above 19424.9 and breaks out of the downtrend line, I would expect a move towards the 21170.2 area.
-------------------------------------
When BTC price plummets or soars, BTC dominance mostly rises.
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
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