Bitcoin (BTC) - May 20

Updated
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(BTCUSDT 1W Chart)
snapshot
Resistance: around 38150.02
Strong support: 27033.35-29812.52

The key is whether you can get support in the section 27033.35-29812.52.

From a mid- to long-term point of view, it needs to rise above 40K to continue the uptrend.



(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0

Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35


In order to transition into an uptrend, it needs to find support and move upwards at the 32259.9-35045.0 section.

Accordingly, the increase in trading volume (over 88.696K) should continue.


The next volatility period is around June 5th.

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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 the sake of 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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Note
(BTCUSDTPERP 1h Chart)
snapshot
It needs to rise above 30971.3 to lead to further upside.

Failure to move above 30971.3 is likely to lead to further declines.
Note
(KNCUSDT 1W Chart)
snapshot
In order to continue the uptrend at the mid- to long-term point, it should rise with support in the 2.604-2.841 section.

Thus, the 2.604-2.841 zone is an important support and resistance zone.


(1D chart)
snapshot
If you find resistance by falling below 2.507, you need a short-term Stop Loss.

To convert into an uptrend, it needs to move above 2.717 to find support.
Note
(ZRXUSDT 1W Chart)
snapshot
From a mid- to long-term perspective, it needs to rise above 0.6364 to continue the uptrend.


(1D chart)
snapshot
In the short-term and medium-term perspective, it needs to move above 0.5196 to turn into an uptrend.

A rise above 0.6364 is expected to lead to a surge.
Note
(WEMIXUSDT 1W Chart)
snapshot
From a mid- to long-term perspective, to continue the uptrend, it needs to rise above 3.6.

(1D chart)
snapshot
In the short-term and medium-term perspective, it needs to move above 2.32202 to turn into an uptrend.

Therefore, the key is whether it can be supported by rising above 2.32202.

If it rises above the 5.52515-6.03109 section, it is expected to rise sharply.
Note
(NASDAQ 1h chart)
snapshot
Note
(BTCUSDTPERP 1h chart)
snapshot
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtXBTUSD

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