readCrypto

Bitcoin (BTC)-May 20

BITMEX:XBTUSD.P   Bitcoin
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It is located near the downtrend line (3) and 9728.5 points.

We need to make sure we can get support at 9728.5.

If you get out of section 9416 ~ 9728.5 and get support at 9728.5 or higher, then you are likely to climb to 10300 or higher.

If you rise above 10968 points at a time, if you fall, if you get support at 10045 points, then there is a chance of an additional rise.

Check the support and resistance sections marked with a pink circle on the chart, and if you do not deviate from this section, I think it is a good idea to stop trading for a while and check the flow.

The most important support point for your current location is 9274, and the most important support trend line is the downtrend line (1).

This is the last day of the high volatility period that I mentioned in the CME chart.
Accordingly, we believe that careful trading is necessary.

It is also the day to start showing new trends in the XBTUSD chart.
Indeed, we need to check whether the trend lines can cross and exceed the generated triangle.
It is located in the high volume profile section (9416 ~ 9728.5), so I think the meaning is greater.

(1h chart)
Candles marked in pink on the chart are those generated when the BitMEX exchange is paused and then restarted.
If it hadn't been paused, I don't know how far it would fall.

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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

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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