Bitcoin (BTC) - May 1
Updated
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We confirmed the willingness to rise by touching the downward trend line (1).
Also, the section 8214.5 ~ 8342 was not touched.
The downtrend line (1) is a trend line formed in 2019 and is expected to indicate a long-term downturn.
We need to make sure we are getting support above point 8597 after the time indicated on the chart.
You should also check if you can rise above the 9080 point.
If you don't get support in the 8214.5-8342 section, you are likely to touch point 7435.
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Now, I think it's time to think about how to respond to profits or losses in the future rather than to determine whether they are profitable or lost.
Bitcoin Halving has about 11 days left.
I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
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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.
--------------------------------------
We confirmed the willingness to rise by touching the downward trend line (1).
Also, the section 8214.5 ~ 8342 was not touched.
The downtrend line (1) is a trend line formed in 2019 and is expected to indicate a long-term downturn.
We need to make sure we are getting support above point 8597 after the time indicated on the chart.
You should also check if you can rise above the 9080 point.
If you don't get support in the 8214.5-8342 section, you are likely to touch point 7435.
----------------------------------------------
Now, I think it's time to think about how to respond to profits or losses in the future rather than to determine whether they are profitable or lost.
Bitcoin Halving has about 11 days left.
I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
----------------------------------------
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
We need to see if it can fall below the 2.59 point.
Note
If it falls below the 67.44 point, I think Alts is likely to lead to an upward trend.
Also, if it falls below the 63.38 point, I think Alts is likely to be bullish.
BTC dominance tends to decline, but tends to rise as Alts' price rises.
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