Published By: Trading Ideas
Bitcoin (BTC) – June 20 (Let’s get off the downtrend line!)
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You need to make sure you get support at point 9274.
You should also check if you can rise above 9481.
After 50EMA and 60SMA cross, we need to watch the price change.
After June 21st (June 20th-22nd), you should check if you can rise above the downward trend line (3).
If you do not deviate from the downtrend line (3), you will eventually fall.
Please refer to the previous analysis for details.
(Binance BTCUSDTPERP 1D chart)
It is located on the 9204~9397 section, falling from the uptrend line (3).
The movement from June 20th to 28th is expected to affect the direction of July.
I think it’s important to keep getting support at point 9204.
(OKEX BTCUSDTPERP 1D chart)
On the 20th of an important day, it fell from the uptrend line (1) and 9399.8.
We need to make sure we can quickly climb above the 9399.8 point and the uptrend line (1).
If you touch the 9148.5 point with this decline, you are expected to touch 50EMA and 60SMA.
** 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 that can be purchased for profit generation as a support point or section
Any views are the view of the author, not Digital Finance News. This is information only and should not be construed as investment advice from Digital Finance News or any other party.