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The most important thing in the current situation is the movement of the BTC price. Therefore, checking the BTC price movement should be prioritized over investing in altcoins at the moment.
Short-term trading is possible in any market situation, but if you are unfamiliar with trading, it is likely to lead to large losses, so it is advisable to pause and observe the situation.
Even those who invest in BTC, the price may move in an undesirable direction due to the whipsaw caused by the decrease in trading volume, so the management of the Stop Loss point is important.
We recommend that you proceed with the trade after seeing the volume increase.
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(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) We are walking sideways in section 27048.05-40526.64, which is a large sideways section However, if it falls from the 33427.52 point, psychological fear may arise.
If the 27048.05-29166.04 (28130.0-29300.0) section is touched as a strong support section, a sharp rise is expected near the 32259.90 point. If there is no sharp rise, then the downtrend is expected to continue, so you need to think about how to respond.
The center line of OBV in the volume indicator is showing a downward trend. This means that trading volume is declining.
You will have to watch the OBV turn red to green. Green in OBV means buy.
What causes the price to fall as volume decreases may be the last move to buy before it rises.
However, if the price falls due to an explosive increase in trading volume, then it should be regarded as an extension of the downtrend, so careful trading is required.
In the CCI-RC indicator, the CCI line crosses the -100 point. As a result, volatility may occur, so trade with caution. If the CCI line rises above the EMA line, it is expected to create a bullish channel.
(BTCUSDTPERP 1h Chart) (UTC) Notice the movement before and after the time shown on the chart.
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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 see support at the 27650.0-33101.0 zone.
(1D chart) You need to make sure you can sustain the price in the 32986.0-40600.0 range.
The 30448.0-32986.0 section is an important support and resistance section that determines the direction. If it falls from the 30448.0-32986.0 section, you can touch near the 25372.0 point. However, it may rise in the 27K range, so careful trading is required.
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.
We expect a rebound wave followed by a bearish wave. However, as the trading volume continues to decrease, it is creating a picture of a sideways trend in the 32986.0-40600.0 section.
If this sideways trend continues and the M-Signal line of the 1W chart enters the 32986.0-40600.0 section, it is expected that the downward wave will end and turn into an upward wave.
The next volatility period is around June 30th.
(1h chart) (UTC) Notice the movement before and after the time shown on the chart.
In order to break out of the 32290.5-34107.5 and 37784.5-39948.0 sections, the volume must increase. Otherwise, it is expected to go sideways.
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(BTC Dominance (BTC.D) 1D Chart) For the coin market to turn into an uptrend, BTC price must rise first. For that to happen, the funds need to be focused towards BTC. However, it appears that the funds are not being concentrated towards BTC due to the decrease in the trading volume itself.
If the coin market sees an increase in trading volume, BTC dominance is expected to rise and we will have to wait and see if it can touch the 47.64-48.81 range and decline. In particular, it should not rise above the downtrend line (1).
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.
(USDT Dominance (USDT.D) 1D Chart) Closing above the downtrend line (2) created volatility in USDT dominance.
It remains to be seen if we can close below the downtrend line (2). In particular, we need to watch to see if we can break below the 3.941 point.
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(USDT 1D Chart) Since June 10, funds have been stagnant. Accordingly, I think the coin market is going sideways.
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 the 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 for profit
(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)
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(USDT 1D Chart) There is no new issuance or disposal of USDT. However, the green color of OBV in the trading volume indicator is rapidly declining.
Since the funds that have previously entered the coin market are used to purchase coins, it is thought that the green color of OBV is rapidly declining.
Unless there is a fall or rise in USDT, you can see that the coin market is in an accumulation period.