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Trend line or point to be supported: Long-term downtrend line (2), 9004 points
Trend line or point where additional upside is possible: Downtrend line (1), 9274 points
Complete downtrend transition point: 8463 or less
We need to make sure we can rise above the downtrend line (2).
You should also check if it falls below 8625.
As I said in the CME Bitcoin chart, from May 27th to May 29th, there is a period of great volatility, so I think it is good to stop trading for a while and check the situation.
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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 that can be purchased for profit generation 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.
--------------------------------------
Trend line or point to be supported: Long-term downtrend line (2), 9004 points
Trend line or point where additional upside is possible: Downtrend line (1), 9274 points
Complete downtrend transition point: 8463 or less
We need to make sure we can rise above the downtrend line (2).
You should also check if it falls below 8625.
As I said in the CME Bitcoin chart, from May 27th to May 29th, there is a period of great volatility, so I think it is good to stop trading for a while and check the situation.
------------------------------------------------
** 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 that can be purchased for profit generation as a support point or section
[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/
However, BTC volatility can be large, so be very careful with trading.