Bitcoin (BTC) - May 21

20 พ.ค. 2020

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High volume volume profile section: 9415 ~ 9728.5 section (Sideways are in this section.)

Points to be supported: 9481 points

Minimum point to be lifted and supported: 9544.5

After May 22nd, you need to make sure that you can get support at points B and above and points 9642 and above.

If it falls below the downtrend line (1), I think it has turned into a downtrend.

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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

20 พ.ค. 2020

บันทึก

(1h chart)

20 พ.ค. 2020

บันทึก

(USDT dominance chart.)

We need to make sure that it has fallen below the 3.31 point after the date shown on the chart.

21 พ.ค. 2020

บันทึก

It fell below the triangle created by the intersection of the trend lines.
We need to make sure we can get support above the downtrend line (1) and point 9274.
This trend is likely to continue through May 24th.

21 พ.ค. 2020

บันทึก

BTC dominance fell near the 67.44 point.
USDT Dominance is touching the 3.48 point and is falling.
The price of BTC is located near the downtrend line (1) and point 9274.

As I said before, BTC's rise-> Altcoin rise-> Major coin rise-> Natural downward trend transition
It seems that this is going on.

We need to check if the BTC dominance can drop below the 67.44 point.
If BTC dominance falls, altcoin is likely to rise again.
At this time, it is also necessary to check whether the major coins rise together.
Currently, some of the major coins have risen.
You need to check if the rest of the major coins are going to accompany you.

During the above-mentioned flow, the major coin may rise, and the BTC may rise sharply.
In the meantime, all coins can lead to bull market.

However, the important thing now is to see where the BTC price point is supported.
If it falls below the 9004 point, I think it is necessary to trade to preserve profit and loss.
Also, if I fall below the 8463 point, I expect the natural downward trend transition, the last step in the flow above.

Getting a lot of money is what traders are pursuing, but there should be no forced holdings at high price points.
Therefore, I think you should pay special attention to trading.