Bitcoin (BTC) - (Can Alts get a chance to increase prices ...)
Updated
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Bitcoin Halving has about 5 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
It has risen within the expected range of 9642.0 ~ 10045.0.
If you do sideways on this segment, Alts expects to have a chance to increase prices.
However, if you look at the current Alts movement, the move you want to fall seems stronger.
Even so, there may be Alts that you want to ascend, so I hope that Alts will rise.
This move will provide momentum to fall naturally.
I think it may turn into a downtrend after a sharp rise to the point 10968.
I think this is a way to forcibly shift to a downward trend by forcing the quantity to flow rather than a natural decline.
We need to know how we will signal the start of the decline.
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I hope BTC does not expect to fall from the 'pull back' pattern in its current position.
Even if it is really 'pull back' and ascends, the range is considered to be short, and I think the risk of it is more than doubled.
I think that BTC's price has risen by more than 100% in the midst of the severe economic damage caused by covid-19, creating a good investment environment.
Sadly, I think the coin market will grow faster with covid-19.
We believe that trading is in a time when it is necessary to deal with the upcoming flow of profits and losses that resulted from the rise in Bitcoin Halving.
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the 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 response 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 5 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
It has risen within the expected range of 9642.0 ~ 10045.0.
If you do sideways on this segment, Alts expects to have a chance to increase prices.
However, if you look at the current Alts movement, the move you want to fall seems stronger.
Even so, there may be Alts that you want to ascend, so I hope that Alts will rise.
This move will provide momentum to fall naturally.
I think it may turn into a downtrend after a sharp rise to the point 10968.
I think this is a way to forcibly shift to a downward trend by forcing the quantity to flow rather than a natural decline.
We need to know how we will signal the start of the decline.
---------------------------------------------
I hope BTC does not expect to fall from the 'pull back' pattern in its current position.
Even if it is really 'pull back' and ascends, the range is considered to be short, and I think the risk of it is more than doubled.
I think that BTC's price has risen by more than 100% in the midst of the severe economic damage caused by covid-19, creating a good investment environment.
Sadly, I think the coin market will grow faster with covid-19.
We believe that trading is in a time when it is necessary to deal with the upcoming flow of profits and losses that resulted from the rise in Bitcoin Halving.
----------------------------------------
Rather than deciding to which point it will rise, I hope now that I can decide where to keep the 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 response 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
Binance BTCUSDTPERP chart.
Check support and resistance points.
Note
We need to make sure we can get support at points above 9755.
Note
If the BTC dominance rises above the 69.80 point, there is a possibility of a sharp drop, and the price of the coin market is likely to turn into a downward trend.
Accordingly, you should check the situation with great care.
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