Bitcoin (BTC) - May 25 (starts to form a natural downward trend)
Updated
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Trend line or point to be supported: Long-term downtrend line (2), 9004 points
Trend line or point where additional upside is possible: Downtrend line (1), 9274 points
Complete downtrend transition point: 8463 or less
We need to make sure that we can rise above the end point of the triangle created by the trend line. (9544.4 points)
We need to make sure that the closing price on May 25 is generated above the downtrend line (1).
Above 8463 is near High.
Therefore, there is also the possibility of gaining support at 8463 and rising.
However, since it fell from the most important trendlines (1) and (2), I think it is necessary to trade against the downside rather than expecting further upside.
If you fall from point 8463, you should check to see if you can rebound from this point to the point near point 7463 as an important point near point 7757.
If you can rebound and get support near the 8463 point, it's possible that you'll be able to rebound again sooner or later.
However, if not, we expect to fall to the 6543 ~ 6840.5 section or less after June 3rd.
(USDT dominance chart.)
After creating the gap, it seems that the USDT cannot enter the coin market and remains there.
3.48 ~ 3.50 is the top of the gap.
If USDT dominance falls, I think it should fall below the minimum 3.36 point.
(This is the BTC Dominance Chart.)
The price of BTC is gradually falling, and altcoins and major coins are circulating upward.
If you look past it, there are some altcoins and major coins that have declined a bit or not in the original price range.
I think this trend belongs to the natural downtrend of the coin market.
To maximize profits among BTC holders, I believe that if you buy altcoins or major coins in the BTC market and rise, you will sell them in the USDT market to preserve the profits.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
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.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Trend line or point to be supported: Long-term downtrend line (2), 9004 points
Trend line or point where additional upside is possible: Downtrend line (1), 9274 points
Complete downtrend transition point: 8463 or less
We need to make sure that we can rise above the end point of the triangle created by the trend line. (9544.4 points)
We need to make sure that the closing price on May 25 is generated above the downtrend line (1).
Above 8463 is near High.
Therefore, there is also the possibility of gaining support at 8463 and rising.
However, since it fell from the most important trendlines (1) and (2), I think it is necessary to trade against the downside rather than expecting further upside.
If you fall from point 8463, you should check to see if you can rebound from this point to the point near point 7463 as an important point near point 7757.
If you can rebound and get support near the 8463 point, it's possible that you'll be able to rebound again sooner or later.
However, if not, we expect to fall to the 6543 ~ 6840.5 section or less after June 3rd.
(USDT dominance chart.)
After creating the gap, it seems that the USDT cannot enter the coin market and remains there.
3.48 ~ 3.50 is the top of the gap.
If USDT dominance falls, I think it should fall below the minimum 3.36 point.
(This is the BTC Dominance Chart.)
The price of BTC is gradually falling, and altcoins and major coins are circulating upward.
If you look past it, there are some altcoins and major coins that have declined a bit or not in the original price range.
I think this trend belongs to the natural downtrend of the coin market.
To maximize profits among BTC holders, I believe that if you buy altcoins or major coins in the BTC market and rise, you will sell them in the USDT market to preserve the profits.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
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
(USDT dominance chart.)
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