Bitcoin (BTC) - April 17

16 апр. 2020 г.

Hello?
Dear Traders, Nice to meet you.

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You need to make sure you can get support at point 7060.

The main challenge is whether you can rise above the downtrend line (1).
It is also important to be able to gain support by rising above the uptrend line (6).

April 17 is the day when the downtrend line (1) and the uptrend line (5) intersect.
We look forward to crossing this intersection and rising above the downtrend line (1).

If you fall at 7060, you must get support at 6543.
However, I think it is likely to fall without support at 6543.

Today's important points are points 7757 and 7060.

If you touch the 7757 point and fall, you must be supported by the uptrend line (6).


(Note) Support and resistance are based on the closing price 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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