Bitcoin (BTC) - May 18 (Beware of volatility until May 20)
Updated
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Today's gap is between 9355 and 9795.
We need to make sure we can get support at point 9720.
You need to see if you can generate a closing price for the 1D chart by rising above the previous gap points of 10010 and 10200.
Around May 19th (18th-20th), the upward trend line and the downward trend line will intersect.
At this time, it is necessary to check whether you can get support in the 9180 ~ 9270 section.
Accordingly, I think it is good to stop trading for a while and check the situation from May 18 to May 20.
On the day of passing through these important points or sections, the volatility can be extremely severe, so I think it is good to set the support and resistance points or sections and check the situation effortlessly.
The support and resistance periods from May 18 to May 20 are marked with a pink circle.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
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 where purchase is possible to generate profits 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. ("Like" gives me the power to post charts.)
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Today's gap is between 9355 and 9795.
We need to make sure we can get support at point 9720.
You need to see if you can generate a closing price for the 1D chart by rising above the previous gap points of 10010 and 10200.
Around May 19th (18th-20th), the upward trend line and the downward trend line will intersect.
At this time, it is necessary to check whether you can get support in the 9180 ~ 9270 section.
Accordingly, I think it is good to stop trading for a while and check the situation from May 18 to May 20.
On the day of passing through these important points or sections, the volatility can be extremely severe, so I think it is good to set the support and resistance points or sections and check the situation effortlessly.
The support and resistance periods from May 18 to May 20 are marked with a pink circle.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
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 where purchase is possible to generate profits 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 need to make sure that the BTC dominance has dropped below the 67.97 point after May 21st.
We expect that altcoin pumping will begin once the BTC dominance falls below 67.44.
It is expected to fall temporarily after Bitcoin Halving.
However, it has been rising since Bitcoin Halving, and BTC prices are rising.
This is expected to be related to the rise of two USDT dominance gaps.
A lot of money has entered the coin market, and it seems that this money is being used to purchase coins.
Although there is an increase in the prices of altcoins, I think the reason for not getting so much is that most of the funds are used to purchase Bitcoin.
I think we should watch the movement of altcoins to invest before BTC dominance falls below the 67.44 point.
From May 18th to May 20th, I think it is a period of high volatility.
Therefore, we believe that careful trading is necessary.
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