readCrypto

Bitcoin (BTC) - April 27 (Can I recapture the 7757 branch?)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
Hello?
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 is rising along the short-term uptrend line.

You should see if you can rise above 500 EMA.

After the time indicated on the chart, you should see if you can get support by rising above the downtrend line (1).

You must get support at point 7435.

If you climb above the 7757 point, you must be supported to make a sharp rise.

The next point of resistance is 8214.5.


See support, resistance, and abbreviation points.

----------------------------------------

It's time to focus on selling rather than buying to preserve profits.

-----------------------------------------------

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
Comment:
Comment:
I wasn't sure about the remaining period of the Bitcoin half-life.
I'll explain in detail tomorrow. Sorry.

Additional purchases are not recommended.
The downtrend line (1) or, at 500EMA, must be absolutely supported.
If it falls, it must rise to a sharp rebound from the downtrend line (2) and rise above 500 EMA to gain support.
If not, there is a chance that after touching the 7435 point, it will shift to a downward trend.
Comment:
It is expected to rise and fall above the 7757 point once or twice.
It's time for careful trading.
Comment:
The tether dominance chart again caught anomalies.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.