Time to wait and see for BTC or ETH

٢٧ يونيو ٢٠٢٣

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(BTCUSDT chart)


This volatility period runs through June 29th.

Therefore, you should watch for any movement out of the 29762.38-31000.0 area through this period of volatility.


Sideways in the 29762.38-30184.24 section or higher can be interpreted as a buy in progress for further uptrend.

A drop below 29762.38 is likely to touch the HA-Low indicator on the 1D chart.


Since it rose above 28923.63, there is nothing to do now.

At least, you can buy it when it shows support near the HA-High indicator on the 1D chart, but it is not possible in the current situation.

The reason is that important support and resistance zones are formed across the 32259.90-37253.81 area.

Therefore, if you have made a purchase at the current point, you must create a trading strategy from a short-term perspective that requires a quick response.


Talking about the ambiguity of buying BTC will naturally turn your eyes to altcoins.

Since altcoins require a faster response than BTC, even altcoins that are currently in an attractive price range may suffer losses due to failure to respond, so be careful when trading.

In order to avoid such losses, it is always recommended to split and sell when there is a sharp rise.

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(BTCKRW chart)

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.

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- big picture

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

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

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** 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.

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٢٨ يونيو ٢٠٢٣

ملاحظة

(BTCUSDT chart)

The volatility period runs through June 29th.

So, we need to see if we can keep the price above 29762.38.

Looking at the 1D chart,
With the StochRSI indicator falling below 30, it looks like it is about to enter the oversold zone.

Accordingly, it is important to find support around 29762.38 even when it enters and then exits the oversold zone.

If it is supported that way, it is likely to see a sharp uptrend.


Therefore, it is important to keep the price above 29762.38 through the volatility period.