Bitcoin (BTC) - May 31 (volatility period-1)
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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 see if it finds support at the 28923.63-32259.90 section.
(1D chart)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.
The volatility around June 1st (May 31st - May 2nd) should see if there is any movement outside the 32974.79-40586.96 zone.
In particular, we should watch to see if we can move above the uptrend line (2).
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 deal with 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.
------------------------------------
(XBTUSD 1D Chart)
Section 1, the box section, is the high point section and is a sideways section.
You cannot say an uptrend or a downtrend with movement within this 1 interval.
I think the downtrend started with the decline on the 1st section, i.e. the 48214.0 point.
So, the a of the down wave is in progress.
I think it's too weak an uptrend to say b of a downtrend with 2 intervals.
Therefore, we can say that a is still in progress.
If so, at what point must it rise to be called a b wave?
If it rises above the 42084.0 point and then falls, it is considered a wave b.
I think the currently expected section will touch the 45211.0-47K section and complete the b wave as it declines.
Therefore, I think that it can be said that it is b during a down wave when it touches at least the 42K-47K section and shows a falling picture.
We expect the start of this movement to come from the volatility around June 1st (May 31st - June 2nd).
With the volatility around June 1st, it is expected that wave b or wave a will be extended depending on whether it will break above the 42084.0 point or fall below the 30448.0 point.
When b of a downtrend is in progress, depending on whether you temporarily touch the 48214.0-50752.0 section or find support, you can tell whether the downtrend can end early and turn into an uptrend.
I think it will be decided whether it will lead to an uptrend or turn sideways or a downtrend depending on whether it turns into an uptrend and goes sideways in the previous section 1, or touches the section B, 60904.0-63442.0.
If the a of the bearish wave is extended, we expect it to fall near the 27650.0 point.
If bearish wave c proceeds, I expect it to drop near the 22741.5 point.
I think you can temporarily touch around the 18195.0-19714.5 section.
(1h chart)
(UTC)
Notice the movement before and after the time indicated on the 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 movement of major coins.
The next volatility period on the BTC dominance chart is around June 6th.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We have to see if we can get below the 3.785 point.
In particular, we should watch to see if we can break below the uptrend line.
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 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 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.
-------------------------------------
(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 see if it finds support at the 28923.63-32259.90 section.
(1D chart)
It needs to rise above the 40586.96 point and find support to turn into an uptrend.
The volatility around June 1st (May 31st - May 2nd) should see if there is any movement outside the 32974.79-40586.96 zone.
In particular, we should watch to see if we can move above the uptrend line (2).
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 deal with 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.
------------------------------------
(XBTUSD 1D Chart)
Section 1, the box section, is the high point section and is a sideways section.
You cannot say an uptrend or a downtrend with movement within this 1 interval.
I think the downtrend started with the decline on the 1st section, i.e. the 48214.0 point.
So, the a of the down wave is in progress.
I think it's too weak an uptrend to say b of a downtrend with 2 intervals.
Therefore, we can say that a is still in progress.
If so, at what point must it rise to be called a b wave?
If it rises above the 42084.0 point and then falls, it is considered a wave b.
I think the currently expected section will touch the 45211.0-47K section and complete the b wave as it declines.
Therefore, I think that it can be said that it is b during a down wave when it touches at least the 42K-47K section and shows a falling picture.
We expect the start of this movement to come from the volatility around June 1st (May 31st - June 2nd).
With the volatility around June 1st, it is expected that wave b or wave a will be extended depending on whether it will break above the 42084.0 point or fall below the 30448.0 point.
When b of a downtrend is in progress, depending on whether you temporarily touch the 48214.0-50752.0 section or find support, you can tell whether the downtrend can end early and turn into an uptrend.
I think it will be decided whether it will lead to an uptrend or turn sideways or a downtrend depending on whether it turns into an uptrend and goes sideways in the previous section 1, or touches the section B, 60904.0-63442.0.
If the a of the bearish wave is extended, we expect it to fall near the 27650.0 point.
If bearish wave c proceeds, I expect it to drop near the 22741.5 point.
I think you can temporarily touch around the 18195.0-19714.5 section.
(1h chart)
(UTC)
Notice the movement before and after the time indicated on the 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 movement of major coins.
The next volatility period on the BTC dominance chart is around June 6th.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
We have to see if we can get below the 3.785 point.
In particular, we should watch to see if we can break below the uptrend line.
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 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 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)
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