Bitcoin CME Futures (BTC1!) - May 1 (Can I get 8645 support)
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It started with a gap of 8930 ~ 8850.
However, it does not seem to mean anything since it started within the previous ascent of the gap (8825 ~ 8940).
You touched both the uptrend line (2) and the downtrend line (1).
In addition, a cigar is formed on the closing price on April 29.
If you see this trend for a few days, I think there is a possibility of an additional rise.
However, the problem is that the Bitcoin Halving period is short.
Therefore, it is expected to rise as soon as possible to ascend.
If it does increase further, it seems that there is a possibility to touch the gap section (9980 ~ 10200) above the downtrend line (1).
You need to make sure you get support above point 8645.
If you fall at the 8645 point, I think there is a possibility to touch the gap section below 7595 ~ 7665.
Before that, it may be supported and rise in the 8420 ~ 8645 section, so I think it is necessary to trade to preserve profit or loss.
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Now, I think it's time to think about how to respond to profits or losses in the future rather than to determine whether they are profitable or lost.
Bitcoin Halving has about 11 days left.
I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
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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
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.
--------------------------------------
It started with a gap of 8930 ~ 8850.
However, it does not seem to mean anything since it started within the previous ascent of the gap (8825 ~ 8940).
You touched both the uptrend line (2) and the downtrend line (1).
In addition, a cigar is formed on the closing price on April 29.
If you see this trend for a few days, I think there is a possibility of an additional rise.
However, the problem is that the Bitcoin Halving period is short.
Therefore, it is expected to rise as soon as possible to ascend.
If it does increase further, it seems that there is a possibility to touch the gap section (9980 ~ 10200) above the downtrend line (1).
You need to make sure you get support above point 8645.
If you fall at the 8645 point, I think there is a possibility to touch the gap section below 7595 ~ 7665.
Before that, it may be supported and rise in the 8420 ~ 8645 section, so I think it is necessary to trade to preserve profit or loss.
----------------------------------------------
Now, I think it's time to think about how to respond to profits or losses in the future rather than to determine whether they are profitable or lost.
Bitcoin Halving has about 11 days left.
I think that all situations are putting pressure on the coin market, so the expectation of the rise has decreased a lot.
At the moment, I think it is more important to trade according to the flow of the chart than the words of any article or analyst.
I don't think the target point is important.
----------------------------------------
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:
Comment:
Comment:
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
