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Dear traders, nice to meet you.
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Today's gap is 11110.0-11360.0.
If it falls, you need to make sure you get support at 11360.0.
Departing from the downtrend line (3) gave a green sign of a trend reversal.
We have to see if we can climb above the 11575.0 point.
I think it is highly likely to lead to a trend turnaround and an acceleration of the uptrend as it breaks through the 11895.0 point.
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(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap range is 11057.5-11392.5.
Breaking the downtrend line (4) into the gap gave a green sign of a trend reversal.
If it falls, we need to see if we can get support at 11375.0.
If it falls below the downtrend line (4), it is a short-term Stop Loss.
I think it is highly likely to lead to a trend turnaround and an acceleration of the uptrend as it breaks through the 12005.0 point.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
Today's gap is 11110.0-11360.0.
If it falls, you need to make sure you get support at 11360.0.
Departing from the downtrend line (3) gave a green sign of a trend reversal.
We have to see if we can climb above the 11575.0 point.
I think it is highly likely to lead to a trend turnaround and an acceleration of the uptrend as it breaks through the 11895.0 point.
-------------------------------------------------- ----
(BAKKT Bitcoin (BTM1!) 1D chart)
Breaking the downtrend line (4) into the gap gave a green sign of a trend reversal.
If it falls, we need to see if we can get support at 11375.0.
If it falls below the downtrend line (4), it is a short-term Stop Loss.
I think it is highly likely to lead to a trend turnaround and an acceleration of the uptrend as it breaks through the 12005.0 point.
-------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
