Coming out of the downtrend channel in the long term

تم تحديثه
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(DXY chart)
لقطة
DXY's decline is expected to energize the investment market.

So, the question is whether it can move sideways below 102.034.

The 102.034-105.664 section is a boundary section, and depending on the direction of departure from this section, there is a possibility that a new trend will be formed in the investment market.

Therefore, the coin market appears to be affected by DXY.

----------------------------------------------

(USDT chart)
لقطة

(USDC chart)
لقطة

I think the rising gap between USDT and USDC shows that money has flowed in.

Therefore, it can be seen that funds are currently flowing through USDC.

Funds flowing through USDC are likely to come from US-based investment institutions.

Therefore, it is possible that the current rise in BTC price has been driven by investment institutions or powers.


(BTC.D chart)
لقطة

(USDT.D chart)
لقطة

For information on BTC dominance and USDT dominance, please refer to the previous USDT chart description.

-------------------------------------------------- -------------

(BTCUSDT chart)
لقطة

If you look at the 1M chart, you can see that a move is coming out to break out of the downtrend line, a downtrend, as it rises above 28923.63.

So, if the price holds above 28923.63, I would expect it to rise around 35045.0-37253.81.


In order to show a full-fledged uptrend from a long-term perspective, the price must be maintained by rising above the HA-High indicator on the 1M chart.

Accordingly, it is expected to start when it rises above 43823.59, the current 1M chart's HA-High indicator point, or when it receives support near the 1M chart's HA-High indicator, which has been moved due to volatility.


It rose above 27496.02, the HA-High indicator point on the 1W chart, and is currently located near the 30184.24 point, the HA-High indicator point on the 1D chart.

Accordingly, an attempt is underway to deviate from the important section of 25994.07-30184.24, that is, the section consisting of HA-Low on the 1D chart and HA-High on the 1D chart.

Therefore, we can see that the possibility of breaking the latest high is increasing.

If this shows support at or above the 27496.02-30184.24 zone, I would expect it to rise around 32259.90.


This rise has created a new trend line, changing the period of volatility.

The next period of volatility is around June 28th.

We need to see the movement starting from this period of volatility until around July 8th.


Since we touched the 30184.24 point, the HA-High indicator point on the 1D chart, it is recommended not to fall below 28923.63 if possible.

Since the 28923.63 point corresponds to the volume profile section of the 1M chart, if it falls below this point, there is a possibility that it will drop to around 26574.53.


In any case, it is the time to sell first because it touched the HA-High indicator on the 1D chart while rising above the HA-Low indicator on the 1D chart.

If you sold in parts while passing through the important sections of 26574.53-27496.02 and 28465.36-28923.63 before, you do not have to sell this time.

However, since the HA-Low and HA-High indicators are paired trading indicators, it is time to split and sell.

If you made an aggressive purchase, the transaction was completed primarily by touching the HA-High indicator on the 1D chart.

You can keep the number of coins corresponding to the remaining profit or sell them at the appropriate time.


What you need to think about now is whether to proceed with a full-fledged purchase when the HA-High indicator on the 1M chart is touched, or whether to proceed with a split purchase when the price is maintained above 28923.63, which is the volume profile section of the 1M chart.

The condition that will be created by the decline of the HA-High indicator on the 1M chart must be released after the RSI indicator enters the overbought zone.

Right now, the RSI indicator sits around 54, so it looks like it needs to surge a bit more or go sideways.

This is the big picture of your trading strategy.


From a short-term perspective, if you look at the 1D chart, you can buy if you see support around 30184.24.

The timing of this sale is
1st: 32259.90
2nd: 35045.0
3rd: 37253.81
This is when resistance is received near the 1st to 3rd order above.

------------------------------------------

(BTCKRW chart)
لقطة
A change occurred in the volatility period as a new trend line was created on the 1W chart.

So, the next period of volatility is around June 29th.

During this period of volatility, we need to see if there is a move out of the 37821000-40674000 range.


If the price holds above 37821000 or above the HA-High indicator on the 1D chart, I would expect a rise around 43761000.

If not, you should check for support around 35539000.

------------------------------

- big picture
لقطة
A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

-------------------------------------------------- -------------------------------------------

** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

---------------------------------
ملاحظة
(BTCUSDT chart)
لقطة
It is likely to sideways up to 28465.36-37253.81.

Therefore, the trend is expected to form out of the 28465.36-37253.81 area.


Since it is currently located near the HA-High indicator on the 1D chart, it is necessary to check whether it is supported or resisted in this section.

Support and resistance checks should check the flow for at least 1-3 days.


If it rose above the HA-High indicator on the 1W chart and this time it rises above the HA-High indicator on the 1D chart, another sharp rise is expected.

At this time, whether it can be supported in the 32259.90-35045.0 section is expected to play an important role in shaping the future trend.


Therefore, looking at the big picture,
1st: 35045.0-37253.81
2nd: 43823.59
It is expected that the key will be whether it is supported or resisted in the vicinity of the 1st and 2nd order above.
ملاحظة
(BTCUSDT chart)
لقطة
The previous high was renewed by touching the recent high of 31000.0 or higher.

Thus, the basic role of the HA-High indicator on the 1W and 1D charts has been satisfied.

The basic role of the HA-High indicator is that if it rises near the HA-High indicator, it is likely to renew the previous latest high.

And, if it shows support near the HA-High indicator, it's time to buy.

This time to buy requires a quick response, unlike buying when the HA-Low indicator shows support.

This is because the volatility is high near the HA-High indicator.


If the candlestick closes by rising above the HA-High indicator on the 1D chart this time, you can check whether the newly created candlestick is supported or resisted.

Confirmation of support and resistance begins after the candle closes by breaking through the support and lower resistance points.
ملاحظة
The above explanation explains the basic method of using the HA-High and HA-Low indicators.

For a full description of the BTC chart, please refer to the previous description.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
يعمل أيضًا:

منشورات ذات صلة

إخلاء المسؤولية