Bitcoin (BTC) - June 17 (volatility period until around June 18)

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(XBTUSD 1W Chart)
snapshot
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 check to see if it finds support at the 27650.0-33101.0 zone.

A decline from the 27650.0 point is virtually impossible to recover from a major bear market.
Therefore, I don't think there will be any touching 18195.0-19714.5 section in the second half of this year.

A touch near the 22741.5 point is possible, and if it does, a quick rebound is expected to move it up near the 27650.0 point.


(1D chart)
snapshot
We need to see if we can break through the 40163.5-42084.0 and 45211.0-47265.5 sections, which are the primary resistance sections.

This is because if the two resistance bands are not broken, wave (b) of the downtrend will eventually end and wave (c) of the downtrend may proceed.
If wave (c) of the downtrend proceeds, it is expected to fall near the 25372.0 point, so careful trading is required.

If it goes down, you should check to see if it finds support at the 37301.0-38225.0 zone.


(1h chart)
Notice the movement before and after the time shown on the chart.

It remains to be seen if the 37784.5-39948.0 zone can find support and move above the 40600.0 point.

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(BTCUSDT 1W Chart)
snapshot
We need to see if we can move up 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 check to see if it finds support at the 28923.63-32259.90 zone.


(1D chart)
snapshot
We will have to wait and see if we can break through the 40586.96-41950.0 section of the primary resistance section and the 45135.66 section of the second resistance section.

If it falls from the 40586.96-45135.66 section, it may fall near the 25362.63 point, so you need to trade cautiously.
This is because wave (b) of a bearish wave may end and wave (c) of a downtrend may proceed.

If it goes down, you should check to see if it finds support at the 37252.01-38150.02 zone.


(BTCUSDTPERP 1h Chart)
(UTC) snapshot
Notice the movement before and after the time shown on the chart.

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(BTCKRW 1W chart)
snapshot
If possible, a move above the uptrend line (2) is recommended.
We will have to wait and see if we can climb above the 51798000 point.

If it goes down, we should see support at the 32023000-35545000 zone and see if it can move along the uptrend line (2).

I think it's a good idea to trade with the downtrend as if it were on the way out of the downtrend line.


(1D chart)
snapshot
We'll have to wait and see if we can climb above the 47268000-51798000 section.

If it falls in the 47268000-51798000 section, it is expected that wave (c) of the downtrend will proceed, so careful trading is required.

If the decline at the 3555000 point is, you can touch the 29698000 point, so you need to be careful with your trades.


(Upbit BTCKRW 1D Chart)
snapshot

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(BTC Dominance (BTC.D) 1D Chart)
snapshot
Volatility around June 18 (June 17-19) should touch the 47.64-48.81 zone and see if it can move lower.
In particular, it should not rise above the downtrend line (1).

If BTC dominance is below 50, the price of altcoins is expected to show a quick recovery.

We will have to wait and see if BTC Dominance can touch the 47.64-48.81 range and move lower.
If it rises above the downtrend line (1), only BTC price can rise, so this also requires careful trading.

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(USDT Dominance (USDT.D) 1D Chart)
snapshot
To continue the uptrend of the coin market, we need to see if it can drop below the 3.785 point at least.

If possible, we should wait and see if we can get below the 3.374 point.

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(USDT 1D Chart)
snapshot
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.

If the price falls below 61.765B, it is likely to touch 56.607B, so be careful.

The green color of OBV in the trading volume indicator has been rapidly decreasing since May 30th.
Therefore, it is highly likely that wave b of the current downtrend is in progress.


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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.

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** 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)
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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