Bitcoin (BTC) - May 18 (New Start-6)

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(XBTUSD 1W chart)
snapshot
It remains to be seen if it can move down to the 40163.5-45211.0 section to gain support and move up along the uptrend line (2).

If you climb from the 45211.0 point, you have to see if you can climb above the 49876.5 point.
If it does not rise above the 49876.5 point, it is expected to decline again.

If you go down at 40163.5, you'll likely touch the 33101.0 point, the strong support point, so you need to trade carefully.


(1D chart)
snapshot
We'll have to see if we can get support from 40600.0-42084.0 and climb above the 45211.0 point.

If it falls from 40600.0, you should touch 38225.0 and see if it rises along the uptrend line (2).


(1h chart)
Check the flow before and after the time indicated on the chart.

It is expected to decline after touching the short-term downtrend line (C), but is falling along the downtrend line (B).
I think that the number of purchases is weak.

You should touch the 40600.0-42084.0 interval or the downtrend line (b) and watch for any movement that deviates from the downtrend line (c).

It is important to deviate from the downtrend line (c) to create a new trend.

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(BTCUSDT 1W chart)
snapshot
We have to see if we can get support and climb in the 41950.0-45135.66 section.

If it falls, we need to see if it can rise along the uptrend line (2).

If the decline continues, it is expected to eventually touch near the 28923.63-32259.90 section.
The 28923.63 point is a strong support point, and if you touch the 28923.63-32259.90 area, it is expected to lead to an upside.

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(BTCKRW 1W chart)
snapshot

(1D chart)
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The volatility around May 19th (May 18-20) will have to watch for movements that deviate from the 51798000-56052000 range.

If it falls, we have to see if we can gain support and move up in the 47268000-51798000 range.

If it rises, we need to see if it can rise above the 56052000-58981000 range.
If it fails to rise above the 58981000 point, it will fall again due to a rebound in the downtrend.

In order to turn to an uptrend, it must rise above 64246000 points and be supported.


(Upbit BTCKRW 1D chart)
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(BTC Dominance (BTC.D) 1W chart)
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Despite the falling BTC price, BTC dominance is falling.

If the BTC price falls, the altcoins' price will inevitably fall.
Accordingly, it is necessary to keep an eye on the movement of the BTC price.

(1D chart)
snapshot

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(USDT Dominance (USDT.D) 1W chart)
snapshot
We have to see if we can get below the 2.91 point.
In order for the coin market to turn upward, it must fall below the 2.670 point.
In particular, it remains to be seen if it can fall below the uptrend line (1).

(1D chart)
snapshot
Due to volatility around May 16, it is rising above 2.91 points.


(USDT 1D chart)
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Nota
(XBTUSD 1h chart)
snapshot
We need to see if we can break above the 45418.0 point and climb above the 47265.5 point.
In particular, you need to make sure you are supported by climbing above the 48214.0 point.

In order to turn to an uptrend, it must be supported by rising above the 54025.0 point.

Therefore, it can be thought that the rise in the 48214.0-50752.0 range is not very important.

However, what is important is the movement of altcoins when they rise like this.

I think there should be a movement that touches the 48214.0 point or more at least once because it rebounds from the downtrend and gives an opportunity to create extra funds by reducing the proportion of holdings.

If it goes down like this, the damage could be too great.
We hope you always trade carefully.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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