CME Bitcoin (BTC!) - May 20 (volatility caution)
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Today's gap is 9680 ~ 9755.
It was opened with an important branch of 9720 in between.
Today is the last day of the volatile period (May 18th-May 20th).
The maximum duration is 9180 ~ 9270, that is, 9220.
If it does not fall below this level, it is possible to rise again.
Also, if you climbed at a time and climbed more than 10,460 to 10,670 points, if you did not fall below 10010, which was the previous gap section, I think there is a possibility of further rise.
As it is the last day of the period of high volatility, I think it is good to check the support and resistance section indicated on the chart, stop trading for a while and check the flow.
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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
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
Dear Traders, Nice to meet you.
"Like" is a great power for me ("Like" gives me the power to post charts).
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Today's gap is 9680 ~ 9755.
It was opened with an important branch of 9720 in between.
Today is the last day of the volatile period (May 18th-May 20th).
The maximum duration is 9180 ~ 9270, that is, 9220.
If it does not fall below this level, it is possible to rise again.
Also, if you climbed at a time and climbed more than 10,460 to 10,670 points, if you did not fall below 10010, which was the previous gap section, I think there is a possibility of further rise.
As it is the last day of the period of high volatility, I think it is good to check the support and resistance section indicated on the chart, stop trading for a while and check the flow.
------------------------------------------------
** 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
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction.
G1: closing price when closed
G2: market price when opening
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
