Bitcoin (BTC) - May 28 (first volatility period after new start)

Actualizado
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(XBTUSD 1W chart)
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It remains to be seen if it can rise above the 45211.0 point by ascending along the uptrend line (2).

The 33101.0 point is a strong support point.
If it falls, you need to make sure you get support at 27650.0-33101.0.

(1D chart)
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We need to see if it moves sideways in the 32986.0-40600.0 section.
In particular, it remains to be seen if it can rise along the uptrend line (2).

If it falls, you need to make sure you get support at 37301.0-38225.0.

In order to turn into an uptrend, it must be supported by rising at least 42084.0 points.

It matters whether you can move sideways between 40600.0-48214.0 and if you can climb along the uptrend line (2).

The next volatility period is around June 1.


(1h chart)
Check the movement before and after the time indicated on the chart.

It is the last day of the first volatility period since the new start.
Therefore, you need to be aware of volatility.

We need to see if we can converge on the 37301.0-40600.0 interval and break above the 40600.0 point.

It is important whether it can rise above the 40600.0-42084.0 section of the 1st resistance section.

In addition, it remains to be seen if the second resistance section, 45211.0-47265.5, can also be broken upwards.

Careful trading is necessary as there is no sideways zone to rise above the resistance zone.

If it falls, you need to make sure you get support at the critical point, 33101.0.

If you fall from the 30448.0 point, you can touch the 25372.0 point, so you need to trade carefully.

If a rapidly rising figure emerges, it is expected that a rapid decline is likely to develop.
Therefore, it is important to form a sideways section.

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(BTCUSDT 1W chart)
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We must see if it can rise above the 45135.66 point by ascending along the uptrend line (2).

The 28923.63 point is a strong support point.
So, if it falls, we need to see if it gets support in the 28923.63-32259.90 range.

(1D chart)
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We need to see if we can move sideways on the 32974.79-40586.96 section.
In particular, it remains to be seen if it can rise along the uptrend line (2).

If it falls, we need to make sure it is supported in the 37252.01-38150.02 range.

In order to turn into an uptrend, it must be supported by rising at least 41950.0 points.


The next volatility period is around June 1.


In the big frame, it is the section 32947.79-48199.13, which is a sideways section.
Therefore, I think the downtrend is still going on before it rises above the 48199.13-50736.52 section.

The 1st resistance section is 40586.96-41950.0 section.
The secondary resistance section is 45135.66-47153.69.

If it falls without breaking the 45135.66-47153.69 section, it is expected to lead to a decline from a rebound in the downtrend.

The expected downtrend is expected to touch the 25362.63-27079.41 interval, falling from the critical point 28923.63.
Therefore, careful trading is necessary.


(BTCUSDTPERP 1h chart)
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Check the movement before and after the time indicated on the chart.

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(BTCKRW 1W chart)
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We need to see if it can rise along the uptrend line (2).

(1D chart)
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We need to see if we can move sideways in the 38483000-47268000 section.
In particular, it remains to be seen if it can rise along the uptrend line (2).

If it goes above the 47954000 point, we have to see if it can move sideways in the 47954000-56052000 section.

If it goes down, we need to make sure we get support at 4,330,000.

In order to turn to an uptrend, it must be supported by rising at least 51798000 points.
However, it is expected to turn into a full-fledged upward trend as it rises above the 56052000-58981000 range.


In its current form, it is not known in which section it can go sideways.
Accordingly, it is risky to trade according to price movements.

The next volatility period is around June 1.


(Upbit BTCKRW 1D chart)
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(BTC Dominance (BTC.D) 1D Chart)
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We have to see if we can get resistance at 43.17 and move downwards.

If BTC dominance is below 50, altcoins' prices are expected to show rapid resilience.

Altcoins' movement is good enough to say that altcoins are leading the market this year.
Accordingly, we need to look at the movement of major coins.

On the BTC Dominance chart, the next volatility period is around June 6.

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(USDT Dominance (USDT.D) 1D chart)
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In order to continue the upward trend of the coin market, we need to see if it can fall below the 3.374 point.

It is the last day of the volatility period.
We have to see if it declines between 3.374-3.460.
In particular, it remains to be seen if it can fall below the short-term uptrend line.

On the USDT Dominance chart, the next volatility period is around June 13th.

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(USDT 1D chart)
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I think that the gap rise is a sign of funding into the coin market.
Conversely, I think that the gap fall is a sign of the draining of funds from the coin market.

It remains to be seen if the continuing gap increases can continue in the future.

If there is a continuous gap fall, it means that funds will be drained from the coin market, so careful trading is necessary.

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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Nota
(XBTUSD 1h chart)
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In particular, it is necessary to focus on the movement of the BTC price today.

This is because if the BTC price falls below the 37301.0 point without receiving support, there is a possibility that it will fall below the 32290.5 point.

This is because it has touched below the 32290.5-34107.5 interval twice before and has moved higher, so if it falls this time, there is a possibility that it will fall after breaking the 29350.0 point.

The above may be extreme, but you should always be prepared to respond.

The points marked as lows in the current price position on the 1h chart are at 32734.0 and 35784.5.
Therefore, I think it is highly likely to gain support and rise in the 32734.0-35784.5 range.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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