Bitcoin (BTC) - June 3
Updated
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(XBTUSD 1W Chart)
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.
(1D chart)
You should watch for any movement that deviates from the 32986.0-40600.0 zone.
In particular, we should watch to see if we can move above the uptrend line (2).
It remains to be seen if the 37301.0-38225.0 zone can support and move up.
If support is found in this section, it is expected to touch the 40163.5-42084.0 section, which is the primary resistance section.
If it goes down, you should check to see if it finds support at the 30448.0-32986.0 zone.
If it moves down from the 30448.0 point, it may touch near the 225372.0 point, so trade cautiously.
It needs to rise above the 40163.5 point and find support to turn into an uptrend.
(1h chart)
Notice the movement before and after the time indicated on the chart.
We need to see if we can find support at the 37301.0 level and break through the 37784.5-39948.0 section upwards.
If it goes down, you should check to see if it finds support at the 35784.5-36610.5 zone.
A decline from the 35784.5 point may touch the 32290.5-34107.5 range, so trade cautiously.
It is expected to close without any significant movement during this period of volatility.
However, it remains to be seen whether the current short-term uptrend can be sustained.
----------------------------------------------
(BTCUSDT 1W Chart)
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.
(1D chart)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.
You should watch for movement out of the range 32974.79-40586.96.
In particular, we should watch to see if we can move above the uptrend line (2).
If support is found in the 37252.01-38150.02 section, it is expected to touch the 40586.96-41950.0 section, which is the primary resistance section.
If it falls from the 30437.40-32974.79 section, you can touch the 25362.63 point, so you need to trade carefully.
However, it is necessary to respond to the important section, 27079.41-28923.63 section, as it may lead to a sharp rise.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
You need to make sure you have support at point 37569.33.
I think this is the point where we need support to rise above the 40638.91 point.
------------------------------------
(BTCKRW 1W chart)
We need to see if we can move along the uptrend line (2).
(1D chart)
You should watch for any movement out of the 38483000-47268000 section.
In particular, it remains to be seen if the price can sustain above the 43.40000 point.
To turn into an uptrend, it needs to rise above the 47954000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
If it goes down, you should check to see if it finds support in the 3555000-38483000 zone.
However, if it falls below the uptrend line (2), the downtrend may come out sharply, so careful trading is required.
(Upbit BTCKRW 1D Chart)
----------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if we can break below the 43.17 point.
If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.
The movement of altcoins is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movements of major coins.
The next volatility period on the BTC dominance chart is around June 6th (June 5-7).
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(USDT Dominance (USDT.D) 1D Chart)
We will have to wait and see if we can move below the uptrend line.
To continue the upward trend of the coin market, we will have to wait and see if it can drop below the 3.374 point.
The next volatility period on the USDT dominance chart is around June 13th.
----------------------------
(USDT 1D Chart)
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 in the gap continues, the coin market is expected to rise in the near future.
If the gap falls continuously, it means that funds are flowing out of the coin market, so careful trading is necessary.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(XBTUSD 1W Chart)
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.
(1D chart)
You should watch for any movement that deviates from the 32986.0-40600.0 zone.
In particular, we should watch to see if we can move above the uptrend line (2).
It remains to be seen if the 37301.0-38225.0 zone can support and move up.
If support is found in this section, it is expected to touch the 40163.5-42084.0 section, which is the primary resistance section.
If it goes down, you should check to see if it finds support at the 30448.0-32986.0 zone.
If it moves down from the 30448.0 point, it may touch near the 225372.0 point, so trade cautiously.
It needs to rise above the 40163.5 point and find support to turn into an uptrend.
(1h chart)
Notice the movement before and after the time indicated on the chart.
We need to see if we can find support at the 37301.0 level and break through the 37784.5-39948.0 section upwards.
If it goes down, you should check to see if it finds support at the 35784.5-36610.5 zone.
A decline from the 35784.5 point may touch the 32290.5-34107.5 range, so trade cautiously.
It is expected to close without any significant movement during this period of volatility.
However, it remains to be seen whether the current short-term uptrend can be sustained.
----------------------------------------------
(BTCUSDT 1W Chart)
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.
(1D chart)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.
You should watch for movement out of the range 32974.79-40586.96.
In particular, we should watch to see if we can move above the uptrend line (2).
If support is found in the 37252.01-38150.02 section, it is expected to touch the 40586.96-41950.0 section, which is the primary resistance section.
If it falls from the 30437.40-32974.79 section, you can touch the 25362.63 point, so you need to trade carefully.
However, it is necessary to respond to the important section, 27079.41-28923.63 section, as it may lead to a sharp rise.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
You need to make sure you have support at point 37569.33.
I think this is the point where we need support to rise above the 40638.91 point.
------------------------------------
(BTCKRW 1W chart)
We need to see if we can move along the uptrend line (2).
(1D chart)
You should watch for any movement out of the 38483000-47268000 section.
In particular, it remains to be seen if the price can sustain above the 43.40000 point.
To turn into an uptrend, it needs to rise above the 47954000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
If it goes down, you should check to see if it finds support in the 3555000-38483000 zone.
However, if it falls below the uptrend line (2), the downtrend may come out sharply, so careful trading is required.
(Upbit BTCKRW 1D Chart)
----------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
We will have to wait and see if we can break below the 43.17 point.
If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.
The movement of altcoins is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movements of major coins.
The next volatility period on the BTC dominance chart is around June 6th (June 5-7).
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We will have to wait and see if we can move below the uptrend line.
To continue the upward trend of the coin market, we will have to wait and see if it can drop below the 3.374 point.
The next volatility period on the USDT dominance chart is around June 13th.
----------------------------
(USDT 1D Chart)
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 in the gap continues, the coin market is expected to rise in the near future.
If the gap falls continuously, it means that funds are flowing out of the coin market, so careful trading is necessary.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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)
Note
(XBTUSD 1h chart)(UTC)
Note
(XBTUSD 1D Chart)It remains to be seen whether it breaks above the 40163.5-42084.0 section, which is the primary resistance section.
If it breaks upwards, it is expected to touch the 45211.0-47265.5 section, which is the secondary resistance section.
Even if it leads to a further rise, it is not easy to judge that the resistance to the decline has completely disappeared.
I think the 48214.0-50752.0 section (A) needs to be broken above the 48214.0-50752.0 section (A) to completely remove resistance to the downside.
If the 48214.0-50752.0 section A breaks upward, it is expected to rise to the 78670.0-81208.0 section (C).
If it fails to break above the secondary resistance section of 45211.0-47265.5, it is expected to touch below the 25372.0 point, so careful trading is required.
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