bitcoin (BTC) - May 11
Updated
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Bitcoin Halving has about 34 hours left.
You must get support at point 8625.
In addition, support at point 8625 should remain until May 12th.
If it falls from 8625, there may be a temporary rebound from 7757, but I think there is a possibility to touch the 6543 ~ 7060 section.
In order to rise, you must rise above the downtrend line (3). (It should rise to around 9K.)
(XBTUSD 1h chart.)
You need to see if you can rise above the 8838.5 point after the time indicated on the chart, or if it will fall below the 8726 point.
(This is an XBTUSD 1D chart from a different perspective.)
It must be supported at 8724.7.
If you fall from 8724.5, you are likely to touch 7335.
In order to ascend, you must rise above the 8989 point and be supported.
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Rather than deciding to which point it will rise, I hope now that we can decide where to keep 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: A resistance point or section where a countermeasure 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 34 hours left.
You must get support at point 8625.
In addition, support at point 8625 should remain until May 12th.
If it falls from 8625, there may be a temporary rebound from 7757, but I think there is a possibility to touch the 6543 ~ 7060 section.
In order to rise, you must rise above the downtrend line (3). (It should rise to around 9K.)
(XBTUSD 1h chart.)
You need to see if you can rise above the 8838.5 point after the time indicated on the chart, or if it will fall below the 8726 point.
(This is an XBTUSD 1D chart from a different perspective.)
It must be supported at 8724.7.
If you fall from 8724.5, you are likely to touch 7335.
In order to ascend, you must rise above the 8989 point and be supported.
----------------------------------------
Rather than deciding to which point it will rise, I hope now that we can decide where to keep 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: A resistance point or section where a countermeasure 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
I think BTC Dominance is related to the rise and fall of Alts prices rather than the rise and fall of BTC prices.
As the price of BTC rises, the price of Alts is expected to rise if BTC dominance falls below the 67.44 point.
Note
Today is also an important day, but I think the closing position of tomorrow (May 12th) is a very important day to decide the direction of the future beat.Note
You need to make sure you can continue in the direction of the arrow.
Note
If you don't rise above the 8724.5 point, you may fall.
It requires careful trading.
Note
It is the time indicated on the chart.
It is necessary to check in which direction it will move.
Note
It is the time indicated on the chart.
It is necessary to check in which direction it will move.
If you can gain support by climbing above 8838.5, you need to make sure you can rise to near 9321 within the time indicated on the chart.
Note
Bitcoin Halving has about 3 hours left.
We believe that the price of BTC should rise above the downward trend line (1) in order to rise.
Also, on May 12, you need to touch or rise to point 9317.
After Bitcoin Halving ends, you must make sure you can still get support at point 8625.
If I fall without support at 8625, I think there is a possibility that it will fall to 7335 or lower.
Good luck.
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