Bitcoin (BTC) - May 16 (9415 ~ 9728.5 sideways possible???)
Updated
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The weekend is more important than ever.
We need to make sure we can get support above the downtrend line (1).
You should also make sure you can get support at point 9274.
If you can sideways between 9415 and 9728.5 over the weekend, I think it's a good move.
Even so, I think the support at 9544.5 can be expected to be more lively in the coming week.
I think the section 8214.5 ~ 8625 is a dangerous section, which is a psychologically contracting section of the trader.
I think there is a possibility of a sharp drop if it falls below 8463 points in the section.
What you should never touch over the weekend is the long-term downtrend line (2).
If it rises above 9728.5, it is possible to touch 10300.
(USDT dominance chart.)
After the gap occurred, dominance rose.
It is necessary to check if it can fall after receiving resistance from 3.48 ~ 3.50.
You should also make sure you can touch the 3.16 point, dropping below 3.31.
----------------------------------------
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 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.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
The weekend is more important than ever.
We need to make sure we can get support above the downtrend line (1).
You should also make sure you can get support at point 9274.
If you can sideways between 9415 and 9728.5 over the weekend, I think it's a good move.
Even so, I think the support at 9544.5 can be expected to be more lively in the coming week.
I think the section 8214.5 ~ 8625 is a dangerous section, which is a psychologically contracting section of the trader.
I think there is a possibility of a sharp drop if it falls below 8463 points in the section.
What you should never touch over the weekend is the long-term downtrend line (2).
If it rises above 9728.5, it is possible to touch 10300.
(USDT dominance chart.)
After the gap occurred, dominance rose.
It is necessary to check if it can fall after receiving resistance from 3.48 ~ 3.50.
You should also make sure you can touch the 3.16 point, dropping below 3.31.
----------------------------------------
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 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
Note
Note
It fell below 3.48 points.
In addition, the blue line and the orange line cross, indicating a downward trend.
You need to check if you can touch the 3.39 point or fall below.
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