readCrypto

Bitcoin (BTC) - April 14 (Day 6)

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BITMEX:XBTUSD.P   Bitcoin
Hello?
Dear Traders, Nice to meet you.

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It was barely supported near point 6688.5 and is rising above point 6784.

You must get support at point 6784.
If you fall without support at point 6784, then you are likely to fall below point 6543 this time.

You should check to see if you can rise above the 6946 point and the uptrend line (5) after the critical time frame.

(Note) Support and resistance are based on the closing price on the 1D chart.

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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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Kommentar:
We need to see if we can drop below 3.28.
Kommentar:
If you get support from your current position, it looks like a picture that is likely to rise.
Let's see if it will move as you see it.
Kommentar:
Be prepared for price drops.
Kommentar:

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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