readCrypto

Entering a section where it is difficult to predict the trend

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D chart)

(USDC 1D chart)

If USDT and USDC gap up, the coin market is expected to continue its upward trend.

In particular, I think USDT has a big influence, and USDC has a short-term influence.

I think the coin market is likely to show a short-term upward trend as USDT maintains its current level and USDC shows a gap up trend.

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(1M chart)
It fell in the first section and touched around 64K.

We need to check for support near the second section.

Because if it falls below the second section, a downtrend is expected to begin.

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If it turns into a downtrend,
1st: M-Signal of the 1M chart
2nd: 42283.58-43160.0
We need to check for support near the first and second sections above.

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(1W chart)
It has entered the trend reversal attempt section by breaking away from the rising trend line (4).

The reason it is called the trend reversal attempt section is because it refers to the section where the trend line, that is, the trend line between lows > the trend line between highs, is in a state.

Therefore, it is difficult to predict trends in these sections, and volatility is likely to occur.

Therefore, you should be careful about the volatility.

As seen in the 1W chart, this volatility period is expected to continue until the end of July, that is, around the week of July 29th.

It is expected that the trend will be determined by touching the important rising channel.

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(1D chart)
In order to turn into a short-term uptrend, the price must rise above the M-Signal indicator on the 1D chart and the HA-High indicator on the 1D chart to maintain the price.

Therefore, from the current point of view, I think it is likely to turn into an uptrend if it rises above 67614.25.

Since it fell below the HA-HIgh indicator on the 1D chart, it is likely to fall near the HA-Low indicator on the 1D chart.

Therefore, if it fails to rise above the HA-High indicator (67614.25) of the 1D chart, it is likely to fall to around the HA-Low indicator (62791.03) of the 1D chart.

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However, since it is currently located between the HA-High indicator (65920.71) of the 1W chart and the M-Signal indicator (around 62791.03) of the 1W chart, the key is whether it can rise above the HA-High indicator of the 1W chart.

The next volatility period is expected to be around June 24 (June 23-25).

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Therefore, if we look at it more simply, it can be expressed as the chart above based on the 65920.71-66444.16 section.

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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:
#ETHUSDT
The key is whether there is support near 3321.30.

If the BW-PVT indicator rises a little more, ETH is expected to show an upward trend.
Comment:

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BW-PVT indicator
To show a new trend, you need to update the high or low.

Therefore, you need to check whether it goes beyond the horizontal line shown on the chart.

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BW-CCI, BW-StochRSI indicator
The BW-CCI indicator expresses the strength of the rise and fall based on 0, and the BW-StochRSI indicator expresses the strength of the rise and fall based on 50.

Therefore, if the BW-CCI indicator is above 0 and the BW-StochRSI indicator is above 50, it is interpreted that the strength of the rise is starting to strengthen.

If it is the opposite, the strength of the fall is starting to strengthen.

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BW-MACD indicator
If the MACD line > the Signal line, it is interpreted as an uptrend, and if it is the opposite, it is interpreted as a downtrend.

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superTrend indicator
If it falls below the buy line, it is interpreted as a downtrend, and if it rises above the sell line, it is interpreted as an uptrend.

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The BW indicator of the TS-BW indicator is a comprehensive expression of the interpretation of the above indicators.

Therefore,
- When the BW indicator is at its lowest point, you should find the time to buy,
- When it is at its highest point, you should find the time to sell.

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By synthesizing the BW indicator with the MS-Signal (M-Signal on 1D, 1W, 1M charts), HA-Low, and HA-High indicators, you can determine the trend and check whether there is support at the corresponding support and resistance points to determine the trading time.
Comment:
There is no change from the previous content.

#BTCUSDT
Important trend line ~ Upward trend line (1) It is important in which direction it deviates from the channel

Next volatility period: Around June 24 (June 23-25)

However, in the big picture, it is a volatility period until the week including July 29, so caution is required when trading

That is, you need to check in which direction it deviates from the (62791.03) ~ 67614.25 section

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#USDT
Maintain the gap uptrend

#USDC
Check if it can maintain the gap uptrend Need

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#BTC.D
- Maintaining around 55.01-62.47
- In order to trade altcoins, it must fall below 55.01 and be maintained or show a downward trend

#USDT.D
- Need to check if it is maintained below 4.97 or shows a downward trend
- It is important to see if it can meet resistance near the Fibonacci ratio of 0.618 when it rises above 4.97 (An overall plunge in the coin market is expected)
Comment:
#USDT

#USDC
USDT has gapped up, and USDC has gapped down.

I think USDT is the fund that has a big influence on the coin market, and USDC has a smaller influence than USDT.

Therefore, in the big picture, it is expected to continue to rise, but in the short term, it is likely to fall.

However, if USDC is maintained above 32.435B, it is expected to start to rise soon.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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