BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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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: downward trend line (1), 9274 points

Complete downtrend transition point: 8463 or less


You need to make sure you can get support from 9004 ~ 9080.
If supported, there is a chance that it will rise to touch point 9415.

If you fall without support at the 9004 point, you are likely to touch 50 EMA .

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.


(1h chart.)
You need to make sure you can get support at point 8928.
You should also check if you can climb above 9255.

We need to make sure we can climb to 9415 after the time indicated on the chart.

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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 where purchase is possible to generate profits as a support point or section
Comment: You need to see if you can get support in the 9080-9103.5 section and ascend to touch point 9415.
Also, if you fall in the 9080 ~ 9103.5 section, you should also check if you can get support at 8928.
Comment: Since I touched the 9415 point, I think that careful trading is necessary.

Comments

With it touching 9405 do you think we should jump in this ship or is it due for a correction soon?
Reply
readCrypto gifterism
@gifterism, Futures due date on May 29.
You have to watch the flow after that.
Until then, I think it is better to refrain from access other than day trading or short-term trading.
+1 Reply
gifterism readCrypto
@readCrypto, Sound advice. Thanks for the insight! Best bet is to avoid FOMO right now. Thank you.
Reply
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