Bitcoin (BTC) - May 19 (New Start-7)

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(BTCUSDT 1W chart)

We need 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 uptrend.


(1D chart)
The volatility around May 20th (May 19-21) will have to watch for movements that deviate from 40586.96-48199.13.

We need to see if we can get support from 40586.96-41950.0 and climb above 45135.66.

If it falls, you'll have to touch the 38150.02 point and the uptrend line (2) and see if you can move up.


(BTCUSDTPERP 1h chart)
(UTC)

Check the movement before and after the time indicated on the chart.

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(XBTUSD 1W chart)

It remains to be seen if it can move down to 40163.5-45211.0 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, which is a strong support point, so you need to trade carefully.


(1D chart)

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)
(UTC)

The decline did not rise above the 45211.0-45418.0 section and the short-term downtrend line (c).

We have to see if we can get support and climb at 42084.0.

If it falls, we have to touch the 37784.5-39948.0 section and see if it can rise.

If it breaks above the 45418.0 point, it is expected to rise to the 48214.0-50752.0 range.
Future movements are expected to determine a new direction.

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(BTC Dominance (BTC.D) 1D Chart)

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.

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(USDT Dominance (USDT.D) 1D chart)

We'll see if we can get resistance at 2.91 and move down.
In particular, it remains to be seen if it can fall below the uptrend line (1).


(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.
Therefore, 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: Market price at the time of opening
(Example) Gap (G1-G2)

코멘트:

(XBTUSD 1h chart)

Touched near point 40600.0.
We must see if we can ascend above the 42084.0 point.
It is important whether the position at the time of rising above the MS-Signal indicator is off the downtrend line (c).

If it falls, we need to make sure we get support at 37784.5-39948.0.
In particular, if it does not fall below the downtrend line (b), it is expected to rise.

코멘트:

(XBTUSD 1W chart)

(BTCUSDT 1W chart)

(BTCKRW 1W chart)

It is a panic cell by falling a lot at once.
However, it is rebounding after touching the expected next segment.

You have touched an important section with the historical chart flow, so you just need to check if it is supported.

코멘트:

(USDT Dominance (USDT.D) 1W chart)

(BTC Dominance (BTC.D) 1D Chart)

(ETH Dominance (ETH.D) 1W chart)

Good resilience.
It is expected to form a new altcoin market.
This is expected to lead to a new coin market movement due to weak BTC dominance.

It is expected that the power of ETH will exert a lot of influence at the center of it.
However, it is still the most influential of BTC, so it cannot be ignored.