Bitcoin (BTC) – July 5 for BINANCE:BTCUSDTPERP by readCrypto

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( BTCUSDTPERP 1D Chart)

It is necessary to check whether there is any movement outside the box area drawn on the chart.

If it falls below 18741.7, it is likely to touch the 13121.7-15908.2 section, so trade cautiously.

The section 13121.7-15908.2 is the section that determines the trend, and if it is supported and ascends in this section, it is expected to go on a journey to rise to the section 27054.1-29840.6.

If it rises above 19930.6 and is supported, it is expected to lead to further gains.

At this time, if it rises above 21481.1 and is supported, it is expected to turn into an uptrend from a short-term and medium-term perspective.

The next volatility period is around July 16th.

The key is whether it can move below the uptrend line on the USDT.D chart.

On the US 100 CFD (Nasdaq) futures chart, the 11728.0 point is the long-term boundary between an uptrend and a downtrend.

Therefore, the key issue is whether it can rise above 11728.0 and receive support.

Also, if it falls below 11371.9 and finds resistance, there is a possibility that it will move towards the 10472.7 area.

The coin market is changing.

Therefore, forecasting current trends and patterns with past trends and patterns can be a major mistake and should be done with caution.

If it rises along the uptrend line on the BTC .D chart, it will eventually fall below the current price level.

Therefore, it is considered dangerous to proceed with an active purchase after seeing articles such as grounding in the media.

I think the point where the coin market starts to say that it is a bull market in earnest is when it rises above 29K .

Therefore, until then, I think it is better to proceed with a trading method that increases the holding amount while recovering the investment as much as possible.

You should trade under the assumption that it will fall to the 13121.7-15908.2 section.

Therefore, you must have cash to seize the opportunity when the price plummets.

(1h chart)

** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.

The key is whether it can be supported by rising above the 19930.6-20109.9 section.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.

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.)

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