Bitcoin (BTC) - June 24
Updated
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(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to find support and move higher near 21475.52.
If it falls below 19695.87 and finds resistance, it is likely to decline to the 13137.51-15916.68 section, so careful trading is required.
The 19695.87-21475.52 section is the previous high, so it is expected to rebound if supported.
This rebound is expected to be classified as an uptrend or a rebound depending on whether it breaks through the uptrend line.
(1D chart)
It is necessary to check whether there is a movement that deviates from the section 19695.87-22487.41.
If it moves above 22487.41, you should check for resistance near the uptrend line.
If it falls below 19695.87, you should check to see if it is heading towards 15916.68.
The next volatility period is around July 13th.
The trades below are valid until they fall below 19695.87.
(buying)
- After confirming the support in the section 21475.02-22487.41
(Stop Loss)
- When it falls below 19695.87 and receives resistance
(Sell)
- When resistance near an uptrend line
- When resistance is received in the section 27033.35-29812.52
-----------------------------------------------
Although it is a position where further declines can occur, the current price is a price point with merit.
Therefore, it is a position to buy in installments in case of further declines.
In addition, even if the price rises, it is expected to decline without rising more than the section 27033.35-29812.52.
This is due to the lack of upside potential.
This lack of upside is expected to be filled by moving sideways in the section 15916.68-28033.35.
-------------------------------------------------
(USDT + USDC 1W chart)
A withdrawal of funds through USDT is in progress.
Therefore, there is a possibility of a sudden drop, so you need to trade cautiously.
Judging from the decline in USDT and the rise in USDC, it seems that funds are moving from USDT to USDC or institutional investors are investing due to the issue of stablecoins.
Therefore, you should proceed with the trade in mind that further declines are more likely.
------------------------------------------------------------ -----------------------------------------------------
** 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 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.)
---------------------------------
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to find support and move higher near 21475.52.
If it falls below 19695.87 and finds resistance, it is likely to decline to the 13137.51-15916.68 section, so careful trading is required.
The 19695.87-21475.52 section is the previous high, so it is expected to rebound if supported.
This rebound is expected to be classified as an uptrend or a rebound depending on whether it breaks through the uptrend line.
(1D chart)
It is necessary to check whether there is a movement that deviates from the section 19695.87-22487.41.
If it moves above 22487.41, you should check for resistance near the uptrend line.
If it falls below 19695.87, you should check to see if it is heading towards 15916.68.
The next volatility period is around July 13th.
The trades below are valid until they fall below 19695.87.
(buying)
- After confirming the support in the section 21475.02-22487.41
(Stop Loss)
- When it falls below 19695.87 and receives resistance
(Sell)
- When resistance near an uptrend line
- When resistance is received in the section 27033.35-29812.52
-----------------------------------------------
Although it is a position where further declines can occur, the current price is a price point with merit.
Therefore, it is a position to buy in installments in case of further declines.
In addition, even if the price rises, it is expected to decline without rising more than the section 27033.35-29812.52.
This is due to the lack of upside potential.
This lack of upside is expected to be filled by moving sideways in the section 15916.68-28033.35.
-------------------------------------------------
(USDT + USDC 1W chart)
A withdrawal of funds through USDT is in progress.
Therefore, there is a possibility of a sudden drop, so you need to trade cautiously.
Judging from the decline in USDT and the rise in USDC, it seems that funds are moving from USDT to USDC or institutional investors are investing due to the issue of stablecoins.
Therefore, you should proceed with the trade in mind that further declines are more likely.
------------------------------------------------------------ -----------------------------------------------------
** 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 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.)
---------------------------------
Note
(BTCUSDTPERP 1h Chart)(UTC)
Note
** The color of the chart background is displayed when the RSI is below 30 or above 70. **(1h chart)
It can be seen that there is a downward divergence in the StochRSI (K+D Mid.) line and the price movement, which belongs to the Long/Short-S indicator.
The color displayed on the background of the price chart is an indicator when the RSI is below 30 or above 70.
The color displayed on the background of the Long/Short-S indicator is the indicator displayed when the RSI is below 30 or above 70 on the Heikin Ashi chart.
The reason that RSI is displayed with the Close value of the Heikin Ashi chart is displayed because it is used for the newly added HA-High and HA-Low indicators.
Note
After the bearish divergence, the StochRSI fell below 20, so if it finds support near 475.0, I expect it to rise again.
If the upside weakens, the StochRSI will fail to move above the 50 point and will likely decline.
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