Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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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 we can rise above the downtrend line (2). You should also check if it falls below 8625.
As I said in the CME Bitcoin chart, from May 27th to May 29th, there is a period of great volatility, so I think it is good to stop trading for a while and check the situation.
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** 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
Comment
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(XBTUSD 1h chart.) If you get support in roughly 8883.5 ~ 8902, there is a possibility that you will touch the first 9080 or the second 9169.5 ~ 9225. However, BTC volatility can be large, so be very careful with trading.