Bitcoin (BTC) - May 13 (Short-term & Day trading season)(1h)
Updated
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You need to make sure you can still support the 8463 point.
In addition, it is necessary to check whether 8597 ~ 8838.5 sections can be used for sideways.
It is necessary to check which trend line will move after the upward trend line (1) and the downward trend line (2) intersect.
A rebound may come after BTC's price decline.
If you climb to 9617 and get support, you can climb again.
However, since it fell below the downtrend line (3), I think it is highly likely to touch the downtrend line (3) and fall even if it rises.
The current movement of BTC is slow.
If the BTC is sideways like this, I think the funds will likely move towards Alts and pump out.
Pumping is not a major coin, but if it is expected to come out of the coin, I think that if there is a sharp rise in the major coin, it is a sign that there is not much time left to fall.
This short-term trading (Day Trading) is expected to continue until BTC touches 50 EMA.
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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.
--------------------------------------
You need to make sure you can still support the 8463 point.
In addition, it is necessary to check whether 8597 ~ 8838.5 sections can be used for sideways.
It is necessary to check which trend line will move after the upward trend line (1) and the downward trend line (2) intersect.
A rebound may come after BTC's price decline.
If you climb to 9617 and get support, you can climb again.
However, since it fell below the downtrend line (3), I think it is highly likely to touch the downtrend line (3) and fall even if it rises.
The current movement of BTC is slow.
If the BTC is sideways like this, I think the funds will likely move towards Alts and pump out.
Pumping is not a major coin, but if it is expected to come out of the coin, I think that if there is a sharp rise in the major coin, it is a sign that there is not much time left to fall.
This short-term trading (Day Trading) is expected to continue until BTC touches 50 EMA.
----------------------------------------
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
It is necessary to check whether the upward trend line (1) can be touched again.
After the time when the rising trend line (2) and the falling trend line (3) intersect, it is necessary to check which trend line the BTC will move along.
You should also see if you can get support on the downtrend line (4).
Note
We need to make sure we can get support from the downtrend line (1).
You should also make sure you can get support above point 9080 after the time indicated on the chart.
You should also check if you can get support at point 8838.5.
In order to ascend further, you must be supported above point 8463.
BTC dominance is rising, so Alts' movement is slowing.
You need to check when the BTC dominance is falling.
Note
The price of BTC is rising.
If you go up above 9321, you need to check what shape will be formed this time among A, B, and C sections.
The move is expected to close around May 20th.
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