Bitcoin (BTC) - May 5th (support at 8838.5, let's rise!) (1h)
Updated
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Bitcoin Halving has about 8 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
We need to make sure we can get support above point 8838.5.
In addition, I believe that the flow of BTC must be carefully monitored from May 6, when it begins to cross the long-term downtrend line (2), the short-term uptrend line (3), and the short-term downtrend line (4).
It is expected that there will be a move to cross the upward trend line (5) and the downward trend line (1) passing above.
If I cannot get over it, I think it will eventually fall.
If you touch the downward trend line (2) about 1-2 times, it shows you can rise, and if you get support at 8838.5, it is expected to rise above 9080 after the time indicated on the chart.
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Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve our 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: Resistance point or section, where a counter 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
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 8 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
We need to make sure we can get support above point 8838.5.
In addition, I believe that the flow of BTC must be carefully monitored from May 6, when it begins to cross the long-term downtrend line (2), the short-term uptrend line (3), and the short-term downtrend line (4).
It is expected that there will be a move to cross the upward trend line (5) and the downward trend line (1) passing above.
If I cannot get over it, I think it will eventually fall.
If you touch the downward trend line (2) about 1-2 times, it shows you can rise, and if you get support at 8838.5, it is expected to rise above 9080 after the time indicated on the chart.
----------------------------------------
Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve our 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: Resistance point or section, where a counter 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
Note
Note
Note
It is expected to be the most important period for the upcoming trend.
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