Bitcoin (BTC) - June 1 (8870 support-> 11K rise possible) (1M)
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Points to support in order to ascend: about 8870 points (B section)
Maximum climbable section: 10968 ~ 11516.5 section
(Section to be supported when falling after touch: 10088.5 ~ 10300)
Section B that is likely to be supported in the event of a downturn: Section 6543 ~ 6840.5
It is expected that 1M Close will be generated after deviating from the triangle A section.
In order to confirm that we have clearly deviated from the downtrend lines (1) and (2), we need to see support from the uptrend line (3) and rise along the trend line.
In order to proceed like this, the price must be formed at the intersection of B or higher.
The best point is 9274, and you should get a rebound from section B (about 8870).
In the 1M chart, the approximate volume profile is 10088.5 points, so you need to check if there are more purchases to rise above this point.
The rise of major coin is currently in progress.
After the rise of the major coin, the overall coin market is expected to decline.
To change this expectation, I think the BTC price must have risen above 10300 points.
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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 response 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
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Points to support in order to ascend: about 8870 points (B section)
Maximum climbable section: 10968 ~ 11516.5 section
(Section to be supported when falling after touch: 10088.5 ~ 10300)
Section B that is likely to be supported in the event of a downturn: Section 6543 ~ 6840.5
It is expected that 1M Close will be generated after deviating from the triangle A section.
In order to confirm that we have clearly deviated from the downtrend lines (1) and (2), we need to see support from the uptrend line (3) and rise along the trend line.
In order to proceed like this, the price must be formed at the intersection of B or higher.
The best point is 9274, and you should get a rebound from section B (about 8870).
In the 1M chart, the approximate volume profile is 10088.5 points, so you need to check if there are more purchases to rise above this point.
The rise of major coin is currently in progress.
After the rise of the major coin, the overall coin market is expected to decline.
To change this expectation, I think the BTC price must have risen above 10300 points.
------------------------------------------------
** 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 response 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
Comment:
You need to see in which direction the price will move after the time indicated on the chart.
Comment:
Notice the support and resistance intervals shown in the short-term chart.
Comment:
Heikin Ashi's body was down.
You should watch well today.
You should watch well today.
Comment:
Heikin Ashi's body was down.
You should watch well today.
You should watch well today.
Comment:
In order for the body of Heikin Ashi to rise, it must rise above 9555.5 and be supported.
Therefore, I think it is good to observe the movement of BTC today.
Trading in an ambiguous section can be very stressful.
As major and altcoins are on the rise, we recommend daily trading or short-term trading.
Therefore, I think it is good to observe the movement of BTC today.
Trading in an ambiguous section can be very stressful.
As major and altcoins are on the rise, we recommend daily trading or short-term trading.
[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/
