Bitcoin (BTC) - Difference between upward trend and rebound
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Hello?
Dear Traders, Nice to meet you.
The reason I chose the XBTUSD chart for BTC analysis is because it was the fastest responding price.
The position strategy for futures contract is not included.
Please read while referring.
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Yesterday I expected to have a challenge to climb above the downward trend line (3), but it passed quietly.
We continue to move sideways around the 7060 point.
The midpoint between the highs and lows on April 16 is 6854.
The last support point was 6946.0, the last analysis said.
This is because, in order to rise in an upward trend, expectations for an increase must be included in the price portion.
At this time, I think that if you see support from 5EMA, you will be relieved to traders.
I said it was the last point of support because it was near 6946.
If it falls below the 6946 point and gets support in the 6784 ~ 6854 sector, I think it is more likely that it will end in a rebound, not an upward trend.
If the expectation of the upward trend collapses and rises from a point where it can temporarily rebound, I think it is more likely that many sales will not rise any more and will fall, because I think of the main battle rather than expect a higher rise. .
Trends are often driven by market trends rather than being created at once.
So the trend transition is not wanting.
After falling sharply on March 12, it has been on the rise so far.
This is because expectations for a rise are market trends.
In order to continue this expectation in the future, it must rise to the downward trend line (3) ~ 7435.
(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.
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(Expected trend from April to May)
The key point is whether you can gain support by rising above the downtrend line (3).
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(From April 9th)
From April 10th to April 17th (9th-18th), it is expected to be the most important period in the 7K range, and it is expected to be sideways.
In the middle, you need to check that you can touch or climb the 7757 point around April 14th (13th-15th).
If you touch or rise to point 7757 during this period, the trend check for the critical period ends.
You have to be cautious about trading as you will be in a critical period.
If possible, we recommend that you pause trading and check trends.
I think it's a period that requires only minimal trading to preserve your profits.
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(From April 7th)
The flow of 1 and 2 is very important.
However, you must get support at point 7060.
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(From April 5th)
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Accordingly, it is time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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
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"Like" is a great power for me.
We will try to reciprocate with better information.
Thank you for always supporting.
Dear Traders, Nice to meet you.
The reason I chose the XBTUSD chart for BTC analysis is because it was the fastest responding price.
The position strategy for futures contract is not included.
Please read while referring.
----------------------------------------
Yesterday I expected to have a challenge to climb above the downward trend line (3), but it passed quietly.
We continue to move sideways around the 7060 point.
The midpoint between the highs and lows on April 16 is 6854.
The last support point was 6946.0, the last analysis said.
This is because, in order to rise in an upward trend, expectations for an increase must be included in the price portion.
At this time, I think that if you see support from 5EMA, you will be relieved to traders.
I said it was the last point of support because it was near 6946.
If it falls below the 6946 point and gets support in the 6784 ~ 6854 sector, I think it is more likely that it will end in a rebound, not an upward trend.
If the expectation of the upward trend collapses and rises from a point where it can temporarily rebound, I think it is more likely that many sales will not rise any more and will fall, because I think of the main battle rather than expect a higher rise. .
Trends are often driven by market trends rather than being created at once.
So the trend transition is not wanting.
After falling sharply on March 12, it has been on the rise so far.
This is because expectations for a rise are market trends.
In order to continue this expectation in the future, it must rise to the downward trend line (3) ~ 7435.
(Reference)
Support and resistance are based on the closing price on the 1D chart.
The EMA (Moving Average Exponential) displayed on the 1h chart is the EMA (Moving Average Exponential) on the 1D chart.
-----------------------------------------
(Expected trend from April to May)
The key point is whether you can gain support by rising above the downtrend line (3).
------------------------------------------
(From April 9th)
From April 10th to April 17th (9th-18th), it is expected to be the most important period in the 7K range, and it is expected to be sideways.
In the middle, you need to check that you can touch or climb the 7757 point around April 14th (13th-15th).
If you touch or rise to point 7757 during this period, the trend check for the critical period ends.
You have to be cautious about trading as you will be in a critical period.
If possible, we recommend that you pause trading and check trends.
I think it's a period that requires only minimal trading to preserve your profits.
-----------------------------------------
(From April 7th)
The flow of 1 and 2 is very important.
However, you must get support at point 7060.
---------------------------------------------
(From April 5th)
-----------------------------------------
Accordingly, it is time to focus on selling rather than buying to preserve profits.
----------------------------------------
Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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
----------------------------------------
"Like" is a great power for me.
We will try to reciprocate with better information.
Thank you for always supporting.
Note
We need to see if it can fall on the short-term uptrend line (1).
Please refer to the USDT Dominance Chart.
Note
The RSI 50 point in the rough 1D chart forms the resistance point.
You need to make sure you can rise above this point of resistance.
Note
I think that the price has risen and then declined, so it is out of the descending channel.
You should also check to see if you can get support above point 7060 after the indicated time.
Note
It is rising above the downtrend line (3).
If you can get support above the downtrend line (3), you should check to see if it can rise above the 7299 point even after the time indicated on the chart.
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