Bitcoin (BTC) - May 20 (New Start - Last Day)
Updated
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(BTCUSDT 1W chart)
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, and you should make sure that it is supported in the 28923.63-32259.90 section.
(1D chart)
This is the last day to publish the title of a new beginning.
We'll have to see if we can get support and climb at 40586.96-41950.0.
If it falls, it remains to be seen if it can gain support at 38150.02 and move up along the uptrend line (2).
In order to turn to an uptrend, it must rise above the 50736.52 point and be supported.
If you go down from 38150.02, you can touch below 32974.79, so you need to trade carefully.
The next volatility period is around June 1.
(BTCUSDTPERP 1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
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(XBTUSD 1W chart)
It remains to be seen if it can rise above the 45211.0 point by ascending along the uptrend line (2).
Point 33101.0 is a strong point of support, and you should make sure that it is supported in the section 27650.0-33101.0.
(1D chart)
We have to see if we can get support and climb in the 40163.5-42084.0 range.
If it falls, we need to see if it can get support at 35225.0 and move up along the uptrend line (2).
In order to turn to an uptrend, it must rise above the 50752.0 point and be supported.
(1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
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(BTC Dominance (BTC.D) 1D Chart)
You should watch for any movement that deviates from the 43.75-47.64 segment.
As the BTC price recovers, BTC dominance may rise as funds are concentrated in BTC.
At this time, if BTC dominance does not rise above the 48.81 point, altcoins are expected to recover their price quickly.
If BTC dominance does not rise by more than 50 points, it is expected to show a market trend led by altcoins.
Accordingly, we need to look at the movement of major coins.
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(USDT Dominance (USDT.D) 1W chart)
We have to see if we can get below the 2.670 point.
(1D chart)
In order to continue the upward trend of the coin market, we need to see if it can fall below the 2.670 point.
If you are moving up along the short-term uptrend line, you need to touch the 3.374-3.460 section and see if it falls.
----------------------------
(USDT 1D chart)
I think that the gap increase is a sign that funds have entered 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.
--------------------------------------
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.
-------------------------------------------------- -------------------------------------------
** 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)
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W chart)
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, and you should make sure that it is supported in the 28923.63-32259.90 section.
(1D chart)
This is the last day to publish the title of a new beginning.
We'll have to see if we can get support and climb at 40586.96-41950.0.
If it falls, it remains to be seen if it can gain support at 38150.02 and move up along the uptrend line (2).
In order to turn to an uptrend, it must rise above the 50736.52 point and be supported.
If you go down from 38150.02, you can touch below 32974.79, so you need to trade carefully.
The next volatility period is around June 1.
(BTCUSDTPERP 1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
------------------------------------
(XBTUSD 1W chart)
It remains to be seen if it can rise above the 45211.0 point by ascending along the uptrend line (2).
Point 33101.0 is a strong point of support, and you should make sure that it is supported in the section 27650.0-33101.0.
(1D chart)
We have to see if we can get support and climb in the 40163.5-42084.0 range.
If it falls, we need to see if it can get support at 35225.0 and move up along the uptrend line (2).
In order to turn to an uptrend, it must rise above the 50752.0 point and be supported.
(1h chart)
(UTC)
Check the movement before and after the time indicated on the chart.
----------------------------------------------
(BTC Dominance (BTC.D) 1D Chart)
You should watch for any movement that deviates from the 43.75-47.64 segment.
As the BTC price recovers, BTC dominance may rise as funds are concentrated in BTC.
At this time, if BTC dominance does not rise above the 48.81 point, altcoins are expected to recover their price quickly.
If BTC dominance does not rise by more than 50 points, it is expected to show a market trend led by altcoins.
Accordingly, we need to look at the movement of major coins.
--------------------------------------------------
(USDT Dominance (USDT.D) 1W chart)
We have to see if we can get below the 2.670 point.
(1D chart)
In order to continue the upward trend of the coin market, we need to see if it can fall below the 2.670 point.
If you are moving up along the short-term uptrend line, you need to touch the 3.374-3.460 section and see if it falls.
----------------------------
(USDT 1D chart)
I think that the gap increase is a sign that funds have entered 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.
--------------------------------------
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.
-------------------------------------------------- -------------------------------------------
** 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)
Note
(XBTUSD 1h chart)(UTC)
Check the flow before and after the time indicated on the chart.
After the low mark was made at the 45211.0 point, the low mark was created at the 35784.5 point.
If this 35784.5 point breaks, the next support segment is expected to be 32290.5-34107.5.
It is believed that the first wave has been completed after the plunge.
Accordingly, it is expected to be 35784.5-42084.0 as a large consolidation section.
We need to see if we can move sideways in the 37784.5-39948.0 section as much as possible.
It remains to be seen if the move to break away from the short-term downtrend line (c) could rise above the 42084.0 point.
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