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Today's gap is between 9270 and 9400.
Although the money that flowed into the coin market may have risen, I feel that the individual investors have definitely decreased.
I feel once again that most of the funds are in BTC.
We need to see if we can support the 8720 point and ascend above the 9470 point to form a closing price.
If you climb above 9720 and get support, you are likely to touch more than 10200, the previous gap.
It is unknown whether the 'M' pattern will make the 'M' higher than the previous High.
Until May 19, when the uptrend line and the downtrend line intersect, the situation should be watched.
I think it is weak to say that it will continue to rise in an upward trend.
In a word, I think it is a situation that shows an ambiguous trend.
The next most important point after 8720 is 7215.
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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 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
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
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.
--------------------------------------
Today's gap is between 9270 and 9400.
Although the money that flowed into the coin market may have risen, I feel that the individual investors have definitely decreased.
I feel once again that most of the funds are in BTC.
We need to see if we can support the 8720 point and ascend above the 9470 point to form a closing price.
If you climb above 9720 and get support, you are likely to touch more than 10200, the previous gap.
It is unknown whether the 'M' pattern will make the 'M' higher than the previous High.
Until May 19, when the uptrend line and the downtrend line intersect, the situation should be watched.
I think it is weak to say that it will continue to rise in an upward trend.
In a word, I think it is a situation that shows an ambiguous trend.
The next most important point after 8720 is 7215.
----------------------------------------
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 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
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Comment:
BTC Dominance is about to shift to an upward trend again.
[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/
