Bitcoin (BTC) - May 10

By readCrypto
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Updated
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(BTCUSDT 1M Chart)
snapshot
Strong support: 27033.35-29812.52

You can see that the trading volume is on a downward trend.

This shows that the market atmosphere is waiting.



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

The section 27033.35-29812.52 is a support section formed by opening the 20K era.

Therefore, I think it is a meaningful support section.

Therefore, support in the section 27033.35-29812.52 is an important observation point.



(1D chart)
Primary resistance: around 35045.0
Secondary resistance: around 38150.02

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


As it fell below 35045.0, I think the bottom is broken.

We need to see if there is support and resistance to form a new floor section.

A volume profile section is formed at the 28923.63 point.

Therefore, it is necessary to check whether a sharp movement or an increase in trading volume occurs as it approaches 28923.63.

If the downtrend is slowed by such a move, I think it is highly likely to lead to a strong rebound.


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 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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Comment
(BTCUSDTPERP 1h Chart)
snapshot
The volume profile section that is being formed in the current flow is around 34813.3.

Therefore, I think that it is highly likely to lead to a rebound when it rises above 34813.3.
Comment
(IXIC 1W chart)
snapshot
You need to make sure you can get support around 11167.51.

(NQ1! 1W chart)
snapshot

(USDT.D 1W chart)
snapshot
We expect a rebound opportunity when it falls below 5.53.

However, I think that the section where the coin market is expected to turn into an upward trend should fall below the 4.16-4.47 section.
Comment
(BTCUSDTPERP 1h Chart)
snapshot
It is not moving above 32275.6.

However, since the low point of the 1h chart is forming at the 30776.6 point, it is necessary to check whether there is support near this point.

Therefore, it is important to be able to walk sideways in the 30776.6-32275.6 section.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD
readCrypto
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