Bitcoin (BTC) - May 16 (New Start-4)

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(XBTUSD 1W chart)
snapshot
If we gain support and move sideways between 42084.0-45211.0, we expect to rise by touching the uptrend line (2).
You can touch near the 40163.5 point.

(1D chart)
snapshot
If it falls in the 48214.0-50752.0 range, Stop Loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch and climb the 40600.0-45211.5 section.


We have to see if we can quickly climb to the 48214.0-50752.0 range.
In particular, we have to see if we can get support at point 49876.5.

It remains to be seen if it can rise above the 60904.0 point between around the 14th and 19th of May.
You should also see if you can go up along the uptrend line (3).


(1h chart)
It is falling without breaking off the short-term downtrend line (b).

We need to see if we can move above the 48124.0 point to break off the short-term downtrend line (b).

As I mentioned in the 1D chart explanation, if it closes in the 48214.0-50752.0 range, it is expected to fall below the 45211.0 point.



I think the analysis of the chart is for the purpose of confirming the degree of market flow.

Don't set your own trading standards in the analysis.
This is because analytics and trading are completely different.

To say that you need to trade that fits the average unit price of your holdings, which means you have to deal with it from a trading point of view.

The analysis will turn the trend toward an uptrend in the future, so if you fall below your average unit price and hold it without any response, the psychological burden you have to bear will be enormous.

This stress can lead to a loss of profit by selling and not holding when the price rises above the average unit price in the future.


The 48214.0-50752.0 section is the section that determines the new direction, and since it is declining in this section, I don't think we can do anything at this time.

Appropriate actions will give you the power and room to react in the future when your holdings are on the rise or when your holdings are expected to decline without being supported at the point of support and resistance.

Securing extra funding makes it possible to catch new opportunities when they are identified, which makes it less psychologically burdensome even if the market falls.

Opportunities in the coin market are when it plunges, and then when it leads to sideways and forms a support zone.

If you wait, it will automatically say'Ah!' There will be times when the elasticity comes out.
I think this is likely to be an opportunity.

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(BTCUSDT 1W chart)
snapshot

(1D chart)
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If it falls in the 48199.13-50736.52 section, a Stop Loss is required to preserve profit and loss.
However, you can touch and climb the 40586.96-45135.66 section, so you need to think about how to respond.

We have to see if we can quickly ascend to the 48199.13-50736.52 section.
In particular, we have to see if we can get support at 49707.43.

It remains to be seen if it can rise above the 60886.07 point between around the 14th and 20th of May.

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(BTCKRW 1W chart)
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(1D chart)
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If it falls in the 56052000-58981000 range, Stop Loss is required to preserve profit and loss.
It is possible to touch the 47268000-51798000 section and go up, so you need to think about how to react to it.

We have to see if we can get support at 58981000 and ascend above 61712000.
In particular, it remains to be seen if it can deviate from the downtrend line (6).

If you go up from 73622000, you'll have to watch to see if it rises above 82407000.
You can touch and drop the 77706000-82407000 section, which was the previous high, so make sure to check if it rises above 82407000 points.


(Upbit BTCKRW 1D chart)
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(ETH Dominance (ETH.D) 1D chart)
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We have to see if we can get support at 19.83 and ascend above 21.37.

Despite the falling BTC price, ETH's dominance has not declined.
As such, it is receiving a lot of attention in the coin market.

I think it is the second most influential influence on the market after BTC due to its high dominance.

It is interpreted that BTC dominance does not rise due to the sideways movement of ETH dominance.

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(BTC Dominance (BTC.D) 1D Chart)
snapshot
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)
snapshot
We'll have to see if it can decline in the 2.532-2.670 range.
In particular, it remains to be seen if it can fall below the uptrend line (1).

With volatility around May 15th, we have to touch near the 2.91 point and see if it can go down.

If it falls below the 2.181 point, the coin market is expected to continue the upward trend.

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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: Cigar at the time of opening
(Example) Gap (G1-G2)
Uwaga
(USDT 1D chart)
snapshot
Even though the coin market declines, it is judged that funds are flowing into the coin market.
This trend is expected to accelerate the transition to an uptrend in the future.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCKRWBTCUSDTBTM1!Chart PatternsethdominanceTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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