Bitcoin (BTC) - May 30
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 see support at the 27650.0-33101.0 zone.
(1D chart)
It remains to be seen if the 30448.0-32986.0 section can find support and move up.
In particular, the 33101.0 point is an important point to support and should check to see if it rises.
In order to turn into an uptrend, it needs to rise above the 42084.0 point and find support.
It is important to see if the current trend can converse at the 32986.0-40600.0 section and move along the uptrend line (2).
The next volatility period is around June 1.
It remains to be seen if the OBV in the volume indicator can turn from red to green.
(1h chart)
Notice the movement before and after the time indicated on the chart.
If it falls from the 32290.5-34107.5 zone, you can touch the 27071.0-29208.5 zone, so you need to trade carefully.
If the volume does not increase, chances are it will continue to flow.
After the sharp decline, it is moving sideways in the 32986.0-40600.0 section on the 1h chart.
We will have to wait and see if we can continue to cross this section.
It is necessary to pay attention to the sections 35784.5-36610.5 and 37301.0-38225.0 in the short-term flow among the sections currently going sideways.
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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 falls, we need to see if it gets support in the 28923.63-32259.90 range.
(1D chart)
In order to transition into an uptrend, it needs to rise above the 41950.0 point and find support.
The next volatility period is around June 1.
In broad terms, the 32947.79-48199.13 section is a sideways section.
Therefore, I think the bearish wave is continuing until it rises above the 48199.13-50736.52 section.
The first resistance section is 40586.96-41950.0.
The secondary resistance section is 45135.66-47153.69.
If it falls without breaking the 45135.66-47153.69 section, it is expected that it will lead to a decline in the rebound of the downtrend.
The expected downtrend is expected to touch the 25362.63-27079.41 zone, moving downwards from the critical 28923.63 point.
Accordingly, careful trading is required.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
------------------------------------
(BTCKRW 1W chart)
We need to see if we can move up along the uptrend line (2).
(1D chart)
We need to see if we can cross the 38483000-47268000 section.
In particular, we should watch to see if we can move along the uptrend line (2).
If it rises above the 47954000 point, we will have to wait and see if we can cross the 47954000-56052000 section.
To turn into an uptrend, it needs to rise above the 51798000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
The next volatility period is around June 1.
(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.
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(USDT Dominance (USDT.D) 1D Chart)
The coin market is showing further declines, rising above the 4.158 point.
We have to wait and see if we can get below the 4.158 point.
To continue the uptrend 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 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.
--------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price whether the price trend 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, so that the funds that are ultimately profit can be regenerated.
------------------------------------------------------------ -----------------------------------------------------
** 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 indicators.
** 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 on 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 see support at the 27650.0-33101.0 zone.
(1D chart)
It remains to be seen if the 30448.0-32986.0 section can find support and move up.
In particular, the 33101.0 point is an important point to support and should check to see if it rises.
In order to turn into an uptrend, it needs to rise above the 42084.0 point and find support.
It is important to see if the current trend can converse at the 32986.0-40600.0 section and move along the uptrend line (2).
The next volatility period is around June 1.
It remains to be seen if the OBV in the volume indicator can turn from red to green.
(1h chart)
Notice the movement before and after the time indicated on the chart.
If it falls from the 32290.5-34107.5 zone, you can touch the 27071.0-29208.5 zone, so you need to trade carefully.
If the volume does not increase, chances are it will continue to flow.
After the sharp decline, it is moving sideways in the 32986.0-40600.0 section on the 1h chart.
We will have to wait and see if we can continue to cross this section.
It is necessary to pay attention to the sections 35784.5-36610.5 and 37301.0-38225.0 in the short-term flow among the sections currently going sideways.
----------------------------------------------
(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 falls, we need to see if it gets support in the 28923.63-32259.90 range.
(1D chart)
In order to transition into an uptrend, it needs to rise above the 41950.0 point and find support.
The next volatility period is around June 1.
In broad terms, the 32947.79-48199.13 section is a sideways section.
Therefore, I think the bearish wave is continuing until it rises above the 48199.13-50736.52 section.
The first resistance section is 40586.96-41950.0.
The secondary resistance section is 45135.66-47153.69.
If it falls without breaking the 45135.66-47153.69 section, it is expected that it will lead to a decline in the rebound of the downtrend.
The expected downtrend is expected to touch the 25362.63-27079.41 zone, moving downwards from the critical 28923.63 point.
Accordingly, careful trading is required.
(BTCUSDTPERP 1h Chart)
(UTC)
Notice the movement before and after the time indicated on the chart.
------------------------------------
(BTCKRW 1W chart)
We need to see if we can move up along the uptrend line (2).
(1D chart)
We need to see if we can cross the 38483000-47268000 section.
In particular, we should watch to see if we can move along the uptrend line (2).
If it rises above the 47954000 point, we will have to wait and see if we can cross the 47954000-56052000 section.
To turn into an uptrend, it needs to rise above the 51798000 point and find support.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 section.
The next volatility period is around June 1.
(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.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
The coin market is showing further declines, rising above the 4.158 point.
We have to wait and see if we can get below the 4.158 point.
To continue the uptrend 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 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.
--------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price whether the price trend 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, so that the funds that are ultimately profit can be regenerated.
------------------------------------------------------------ -----------------------------------------------------
** 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 indicators.
** 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 on 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)It started to decline at point A.
Point B marked the bottom of the decline that started at point A.
Point C started to move sideways as it crossed the downtrend line.
The sideways movement seen after point C is not yet complete, so it is difficult to say that it is actually going sideways.
In order to complete a single wave, I think that movement should come out like a flow drawn with a free curve.
When one wave is completed like this, I think it can be said that it is a sideways section or a box section.
Currently, it is in a state of forming a sideways section and a box section, and it is not easy to predict what kind of movement will occur.
We will have to wait and see if there is any movement outside the 32986.0-40600.0 range with volatility around the 1st of June, the next volatility period.
Also, watch if you can form a sideways section or a box section by completing one wave.
Analytics and trading are different.
In addition, I do not think it is meaningful to re-analyze what others have analyzed because it may differ depending on that person's investment environment.
In the analysis, various trend lines and various patterns are to be explained.
These trends and patterns are only known when they are complete.
You can't really be sure when it's being built.
Therefore, trading based on analysis can delay entry and exit, so it is easy to incur losses if applied incorrectly.
Therefore, I only need to think about how I can enter and exit at the point or section mentioned in the analysis.
When it comes to trading, there should always be a response strategy for rising and falling.
If you don't, I think you're more likely to end up at a loss.
Before entering, you should always set the investment amount, split buy point, target point, and stop loss point in advance, determine the percentage of spare funds before proceeding.
If you proceed with a split purchase at any point, you can adjust the average unit price to some extent even if the first entry goes wrong.
Therefore, buying in installments and selling in installments is very important.
At this time, what you need is spare money.
The target point and the stop loss point must be determined before entering.
This is because the target point or Stop Loss point determined after buying is influenced by the psychology according to the price flow, so you can make the wrong choice.
It is good to see and hear all kinds of information in order to make a profit by investing in the investment market.
However, if you are trading with such information or what various people have said in your actual trading, it is highly likely that you will not be able to properly respond to the market flow and end the trade at a loss.
Therefore, even if you have seen and heard various information, you should always try to trade according to your average unit price and trade to increase the number of coins you hold.
Trading on analytics alone is risky.
You should establish your own response strategy according to the analysis and then proceed with trading.
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