BTC1! - May 8 (Can Alts get a chance to increase prices ...)
Updated
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Bitcoin Halving has about 5 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
There is no gap section today.
We entered the highest gap section of the gap this year.
I think BTC is showing everything it can.
I'm looking forward to seeing it rise above the 10200 point and fill the gap with support.
We hope that BTC will sideways at more than 9980.
I think these sideways give the Alts a chance to rise accordingly.
It is expected that the Bitcoin Halving rise will naturally come to an end by offering Alts a chance to ascend.
If the BTC tries to rise above the 10460 ~ 10670 range, I think it could bring a sharp drop.
Therefore, we believe that careful trading is necessary.
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
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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 response 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.
--------------------------------------
Bitcoin Halving has about 5 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
There is no gap section today.
We entered the highest gap section of the gap this year.
I think BTC is showing everything it can.
I'm looking forward to seeing it rise above the 10200 point and fill the gap with support.
We hope that BTC will sideways at more than 9980.
I think these sideways give the Alts a chance to rise accordingly.
It is expected that the Bitcoin Halving rise will naturally come to an end by offering Alts a chance to ascend.
If the BTC tries to rise above the 10460 ~ 10670 range, I think it could bring a sharp drop.
Therefore, we believe that careful trading is necessary.
----------------------------------------
Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
----------------------------------------
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 response 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
We expect Alts to take a chance to rise as the BTC dominance falls.
Note
Note
You need to make sure you can get support in the 9900 ~ 9980 section.
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