Bitcoin CME Futures (BTC1!) - May 13 (1h)
Updated
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Today's gap section is 8870 ~ 8845.
We need to make sure that there can be movement to fill the gap.
You need to make sure you can get support above 8720.
Two ascent attempts have been made on the ascending trend line (2) and have failed twice.
In the third challenge, you need to make sure you can rise above the uptrend line (2).
I think we have to rise above the downtrend line (1) in order to convert to the uptrend.
If not, it is expected that it will fall through repeated rises and falls.
If it falls, I think there is a possibility to touch point 7215.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Today's gap section is 8870 ~ 8845.
We need to make sure that there can be movement to fill the gap.
You need to make sure you can get support above 8720.
Two ascent attempts have been made on the ascending trend line (2) and have failed twice.
In the third challenge, you need to make sure you can rise above the uptrend line (2).
I think we have to rise above the downtrend line (1) in order to convert to the uptrend.
If not, it is expected that it will fall through repeated rises and falls.
If it falls, I think there is a possibility to touch point 7215.
----------------------------------------
See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Note
Before Bitcoin Halving, I've said before that if Alts prices go up, the entire coin market will fall naturally.
The slow movement of the BTC is likely to move funds towards the Alts, leading to higher prices, and it seems that some coins have started pumping.
Hope you get good results.
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