Bitcoin (BTC) - May 19
Updated
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This is the second day of the period of high volatility (May 18th-May 20th) mentioned in the CME Bitcoin chart.
We need to make sure we can get support above the downtrend line (3).
In addition, you must rise above the blue line for further ascent.
In periods of high volatility, I think it's a good idea to stop trading for a while and check the situation if you do not deviate from the support and resistance intervals indicated on the chart.
(It is a 1M chart.)
From the traces of the past, you can see that the important sections of the sections 8487 ~ 9209 and 4190 ~ 5264 were formed.
(1W chart.)
Based on the traces of the past, important sections of 10073 ~ 11292 are formed.
(It is a 1D chart.)
Based on the traces of the past, an important point of 13287.5 is formed.
In addition, sections 9415 ~ 9728.5 constitute a high volume profile.
If you don't rise outside of this section, you will eventually fall.
------------------------------------------------
** 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 response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me. ("Like" gives me the power to post charts.)
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
This is the second day of the period of high volatility (May 18th-May 20th) mentioned in the CME Bitcoin chart.
We need to make sure we can get support above the downtrend line (3).
In addition, you must rise above the blue line for further ascent.
In periods of high volatility, I think it's a good idea to stop trading for a while and check the situation if you do not deviate from the support and resistance intervals indicated on the chart.
(It is a 1M chart.)
From the traces of the past, you can see that the important sections of the sections 8487 ~ 9209 and 4190 ~ 5264 were formed.
(1W chart.)
Based on the traces of the past, important sections of 10073 ~ 11292 are formed.
(It is a 1D chart.)
Based on the traces of the past, an important point of 13287.5 is formed.
In addition, sections 9415 ~ 9728.5 constitute a high volume profile.
If you don't rise outside of this section, you will eventually fall.
------------------------------------------------
** 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 response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
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Note
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