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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.
The key is whether a move above 21475.52 can break through the uptrend line.
(1D chart)
It is necessary to check whether there is a movement out of the section 18719.11-22487.41.
You should also check if it can cross the MS-Signal indicator by ascending to the section 19695.87-21475.02.
If it fails to rise above 19695.87 or fails to break above the MS-Signal indicator, there is a possibility that it will fall to the 15916.68 area.
The next volatility period is around July 13th.
The Stochastic RSI indicator on the 1W chart is showing signs of going up.
Also, the Stochastic RSI indicator on the 1D chart is trying to show a sideways trend in the oversold section.
Although the Stochastic RSI is not an upward movement, it is likely that the BTC price will rise soon.
At this time, an upward divergence may occur where the stochastic RSI indicator rises and the BTC price declines.
When the altcoin's circular pumping is in progress, you need to be careful as buying when the price rises can be a very risky trade.
If BTC price surges, most altcoins will stop rising and will likely go sideways or fall.
Only a few altcoins will see a rise in BTC price.
Therefore, if the coin (token) you purchased does not rise, you cannot wait until the next cycle pumping due to a psychological burden, and stop loss may result in double losses.
Currently, most altcoins are located in the bottom section.
It also belongs to the mid- to long-term investment area.
Since the coins (tokens) located in this range have a small decline, it is very foolish to sell the coins (tokens) you hold because the rise time is later than that of other coins (tokens).
However, it is also what often happens when you fall into a state of psychological irritation.
Accordingly, rather than a transaction to increase a large return at the current price, it is necessary to conduct a transaction with the mindset of lowering the average purchase price and increasing the number of holdings by proceeding with a split purchase.
Since you don't know how long you will buy in installments, you need to find a way to buy in installments for as long as possible and proceed with the purchase.
If the price rises from the purchase price in installments, it is recommended to sell the purchase principal (+ transaction fee X 2) by the unit price of the installment purchase to increase the holding quantity and secure some cash.
(This method I use is called 'increase coins' transaction method.)
This is because, in the current section, it is important to increase the number of coins (tokens) held rather than cash income.
Again, it doesn't matter how far the price rises or falls.
It is important to trade by finding a way to increase the number of coins (tokens) you want to hold by purchasing so that your cash does not run out.
Don't waste your time figuring out how far the price will rise or how far down.
------------------------------------------------------------ -----------------------------------------------------
** 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.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
1st support: around 21475.02
Second support: 13137.51-15916.68
The key is to find support and move higher near 21475.52.
The key is whether a move above 21475.52 can break through the uptrend line.
(1D chart)
It is necessary to check whether there is a movement out of the section 18719.11-22487.41.
You should also check if it can cross the MS-Signal indicator by ascending to the section 19695.87-21475.02.
If it fails to rise above 19695.87 or fails to break above the MS-Signal indicator, there is a possibility that it will fall to the 15916.68 area.
The next volatility period is around July 13th.
The Stochastic RSI indicator on the 1W chart is showing signs of going up.
Also, the Stochastic RSI indicator on the 1D chart is trying to show a sideways trend in the oversold section.
Although the Stochastic RSI is not an upward movement, it is likely that the BTC price will rise soon.
At this time, an upward divergence may occur where the stochastic RSI indicator rises and the BTC price declines.
When the altcoin's circular pumping is in progress, you need to be careful as buying when the price rises can be a very risky trade.
If BTC price surges, most altcoins will stop rising and will likely go sideways or fall.
Only a few altcoins will see a rise in BTC price.
Therefore, if the coin (token) you purchased does not rise, you cannot wait until the next cycle pumping due to a psychological burden, and stop loss may result in double losses.
Currently, most altcoins are located in the bottom section.
It also belongs to the mid- to long-term investment area.
Since the coins (tokens) located in this range have a small decline, it is very foolish to sell the coins (tokens) you hold because the rise time is later than that of other coins (tokens).
However, it is also what often happens when you fall into a state of psychological irritation.
Accordingly, rather than a transaction to increase a large return at the current price, it is necessary to conduct a transaction with the mindset of lowering the average purchase price and increasing the number of holdings by proceeding with a split purchase.
Since you don't know how long you will buy in installments, you need to find a way to buy in installments for as long as possible and proceed with the purchase.
If the price rises from the purchase price in installments, it is recommended to sell the purchase principal (+ transaction fee X 2) by the unit price of the installment purchase to increase the holding quantity and secure some cash.
(This method I use is called 'increase coins' transaction method.)
This is because, in the current section, it is important to increase the number of coins (tokens) held rather than cash income.
Again, it doesn't matter how far the price rises or falls.
It is important to trade by finding a way to increase the number of coins (tokens) you want to hold by purchasing so that your cash does not run out.
Don't waste your time figuring out how far the price will rise or how far down.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If the BTC.D and USDT.D charts maintain an uptrend, the coin market is likely to be in a downtrend.
If the coin market as a whole shows an upward trend, the BTC.D and USDT.D charts are likely to be in a downward trend.
(US 100 CFD (Nasdaq) Futures Chart)
If it falls below 11371.9, there is a possibility that it will move down to around 10472.7.
The interval 12212.6-12932.3 is the resistance interval.