Bitcoin (BTC) - May 18

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There was a challenge to climb above the 9728.5 point.
You need to check what the finish will be.

Since it is a downward trend line (3) created near High, it must be supported by rising above the trend line.

In order to make a lot of further upside, you need to get support above 9544.5.

As the volatility period (May 18th-May 20th) mentioned in the CME Bitcoin Chart (BTC1!), You need to pay special attention to trading.

During the volatility period, the maximum support and resistance periods are marked with a pink circle.
If you are out of this section, I think you need a minimum amount of trading to preserve your profit or loss.

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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

註釋

We need to make sure that the BTC dominance has dropped below the 67.97 point after May 21st.
We expect that altcoin pumping will begin once the BTC dominance falls below 67.44.

It is expected to fall temporarily after Bitcoin Halving.
However, it has been rising since Bitcoin Halving, and BTC prices are rising.
This is expected to be related to the rise of two USDT dominance gaps.

A lot of money has entered the coin market, and it seems that this money is being used to purchase coins.

Although there is an increase in the prices of altcoins, I think the reason for not getting so much is that most of the funds are used to purchase Bitcoin.

I think we should watch the movement of altcoins to invest before BTC dominance falls below the 67.44 point.

From May 18th to May 20th, I think it is a period of high volatility.
Therefore, we believe that careful trading is necessary.

註釋

The closing price for today's 1D chart must be created above 9728.5.
Also, it should not fall below the downward trend line (1).
Since it is a downward trend line (1) that occurred near High, if it falls below the trend line, there is a possibility of selling a lot.

However, it is important to check whether or not it goes beyond the support and resistance sections mentioned in this explanation.

註釋