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readCrypto
Apr 20, 2020 10:53 PM

Bitcoin (BTC)-April 21 (conversion to downward trend) 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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You touched the section 6784.0 ~ 6854.
Now I think it has shifted from an upward trend to a rebound.
Accordingly, we believe that trading is necessary to preserve profits and losses.

The top section of the rebound is expected to be between 7299 and 7435, and if you touch point 7757, it will still be a good rebound.

If you climb above the 6946.0 point around April 22, it may be the start of a rebound, but careful trading is necessary.

In the period 4969.5 ~ 5255, near the long-term uptrend line (6), it is expected to be able to buy to get profit in the next rebound.

However, we believe the full purchase is below the long-term uptrend line (6).


(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.

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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


Tether dominance doesn't tell you everything.
You need to check the flow of funds.
It is necessary to check whether the triangle convergence will lead to a decline.

Comment

Comment


The time chart of the previously posted chart is in KST, so change it back to UTC time and post.sorry.
Comments
mr_kosovskiy
great forecast) have you seen the forecast?

readCrypto
@mr_kosovskiy, I am happy to see your good analysis. great chart....
ProjectSyndicate
great chart. thank you!
readCrypto
FireFlow
there are two (6) in the picture. ^~^
readCrypto
@mehrdadTOPOL, thank you
NostradamusTime
thanks great idea
readCrypto
@NostradamusTime, appreciate it!
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