readCrypto

Bitcoin CME Futures (BTC1!)-May 6 (first day of flow check) (1h)

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CME:BTC1!   Bitcoin CME Futures
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Bitcoin Halving has about 7 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.

Today's gap occurred between 8985 and 9035.
However, it is not shown because it is within the entire gap section, 8825 ~ 9055.

You will be on the first day of the sixth to eighth days you are expected to finally decide in the Bitcoin Halving period.

You need to make sure you can get support at points above 9055 and points above 9180 after the time indicated on the chart.


Since the upward trend line (1) is passing higher than the middle area in the situation where sideways are in the 8645 ~ 9180 section and between 8825 ~ 8845 form the middle section of the sideways section, support is required at the upward trend line (1) to ascend. I think that we should show the image of ascending as we receive

I think that such an attempt to ascend should be shown by trying to deviate from the downward trend line (2), and in order to do so, it must be supported at 9180.

I think it would be a good idea to stop trading for a while and check the flow within the period you are trying to decide on this direction.

In the period of trying to decide the direction, it may be accompanied by a rapid rise and fall, so if you go through trading, you can make bad decisions as a result.

The highest support point for your current position is 8265.
Also, the highest resistance point is the downtrend line (3).

Watching whether you keep the support and resistance points, I think you should trade when you leave the support and resistance points.

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Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve 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: Resistance point or section, where a counter 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

GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Comment:
1D chart

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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