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BTCUSDTPERP

What does it mean that #BTC hits a new ATH?📊What does it mean that #BTC hits a new ATH? 🧠BTC has experienced 8 months of volatility and finally hit a new all-time high today, which means that the weekly level cup-handle long structure is established, which means that we are likely to challenge the next target area of ​​87k-94k. But I am not asking you to chase the rise here, because after breaking through the historical high, most funds may choose to stop profit, so don't chase the rise under huge selling pressure. ➡️Unfortunately, the price failed to return to the yellow support area mentioned yesterday, so our long trade was not triggered. At present, we are in the target area of ​​the hourly long structure, and there is an expectation of a callback, but the overall direction is a long trend. You must know that shorting is a counter-trend trade, so try to focus on long trades. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
BTC Poised for a Breakout: Will Bulls or Bears Take Control?hello guys. let's analyze BTC Ascending Channel: BTC is trending within an upward channel, with a broken resistance line acting as support, indicating a bullish trend. Scenarios Outlined: Scenario 1 (Bullish): BTC could continue its upward movement, aiming for $74,000 and potentially $76,000 if momentum holds. This scenario suggests a strong rally after breaking through resistance levels. Scenario 2 (Pullback): BTC may pull back to retest the $66,000–$67,000 range, which would be a healthy correction within the trend. This level could provide a solid support base before the next upward move. Key Support and Resistance Zones: Support Zone: Around $66,000, where Scenario 2 will likely play out if a correction occurs. Resistance Zone: Between $74,000 and $76,000, a potential target for a bullish continuation. In summary, BTC is currently at a decision point. A breakout above the $74,000–$76,000 zone could lead to a sustained rally, while a retest of the $66,000 support could provide a better entry for bulls. Watch closely for price action at these levels!
by melikatrader94
17
Bitcoin Cycle Repeat? 1 Year Bull Run Above ATH Ahead!In the chart above, we’re comparing Bitcoin’s current cycle with its previous cycle. Bear Run (1 Year): The previous cycle started with a significant bear market that lasted exactly 1 year, characterized by a sharp drop in price from the peak. Recovery Phase (2 Years): Following the bear run, Bitcoin spent 2 years in a recovery and consolidation phase, gradually building a support base and regaining momentum. Bull Run Above ATH (1 Year): After consolidation, Bitcoin entered a 1-year bull run that pushed it above the previous all-time high (ATH), setting new records. Current Bitcoin Cycle: The current cycle appears to be mirroring the previous one closely: We’ve had a 1-year bear run, which aligns with the pattern seen in the previous cycle. This was followed by 2 years of recovery, with the price consolidating and gradually strengthening. If the pattern continues, we could be entering 1 year of a bull run above the previous ATH, starting now or very soon. Based on this repeating cycle pattern, the current setup suggests that we might have 1 year of a strong bull market ahead, potentially pushing Bitcoin above its previous all-time high by late 2025. Regards Hexa
CRYPTO:BTCUSDLong
by HexaTrades
1 Year of Bitcoin Bull Run Remaining? In the chart above, we’re analyzing Bitcoin’s historical cycles to see if the current cycle follows a similar pattern. Bear Run (1 Year): In each of the last three cycles, Bitcoin experienced a bear market lasting exactly 1 year from the all-time high (ATH). This phase saw a significant drop in price as the market corrected. Bull Run from Bottom (1,064 Days): In the last two cycles, once the bottom was established, Bitcoin entered a consistent bull market that lasted approximately 1,064 days. During this period, the price gradually climbed, eventually reaching new highs. Current Bitcoin Cycle: So far, the current cycle appears to be following the same pattern as previous cycles. We’ve already experienced a 1-year bear market after reaching the previous all-time high (ATH). Currently, we have completed 2 years of a bull run from the bottom, aligning with the 1,064-day bull run observed in past cycles. Based on this historical pattern, we may have 1 year of bull run remaining, which could potentially push Bitcoin to new highs by late 2025. If this trend continues, it suggests a strong opportunity for growth over the next year, mirroring the end phase of past cycles. BINANCE:BTCUSDT BITSTAMP:BTCUSD CRYPTOCAP:BTC Regards Hexa
BITSTAMP:BTCUSD
by HexaTrades
#BTC reaches the stage resistance zone📊#BTC reaches the stage resistance zone✔️ 🧠The original neckline support zone was broken and turned into a resistance zone. Yesterday, we found a signal of stabilization, but we found a short structure in this resistance zone. Because of the existence of this structure, our long trading strategy may fail, so I canceled yesterday's long trades, and the market developed as expected. Today we stabilized again in the yellow support zone and tried some long trades. We have locked in the main profits and see if we can break through this resistance zone this time. ➡️If we are rejected again and return to the yellow support zone again, do you dare to try long trades? Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
When to Book Profits in Bitcoin?Bitcoin technical analysis update Historically, when Bitcoin's monthly RSI reaches overbought levels, the price tends to drop. In 2013, the RSI peaked at 97, in 2017 it reached 95, and in 2021, it topped at 92.5, forming a higher low divergence on the monthly chart. This time, if the RSI reaches the 90 level, it could signal another peak for Bitcoin. When the RSI reaches the 89-90 range on the monthly chart, it’s typically a good time to start booking profits. Currently, the RSI is at 63, suggesting there is still room for a price increase in the coming months. Regards Hexa
CRYPTO:BTCUSD
by HexaTrades
4
Bitcoin Falling Again==>>Short-term!!!Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Resistance lines and in the Resistance zone($69,580-$68,800) . Regarding Elliott's wave theory , it seems that Bitcoin is still completing Corrective Waves . The Structure of Correction Waves looks like Double Three Correction(WXY) . I expect Bitcoin to Go Down at least Cumulative Long Liquidation Leverage after breaking the Uptrend line . ⚠️Note: We can expect more pumps if Bitcoin can break the Resistance zone($69,580-$68,800) .⚠️ ⚠️Note: The American elections and the tension between Iran and Israel can easily change the scenarios of Bitcoin: if the tension between Iran and Israel increases, we can see the fall of Bitcoin, and if Donald Trump does not succeed in the US presidential election, we can see the fall of Bitcoin. And vice versa.⚠️ Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Check support near 68393.48 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can quickly rise to the 68393.48 area. The next important support and resistance point is the 65920.71 point. Therefore, if it continues to fall, we need to check support near 65920.71. This volatility period is until November 5th, and the next volatility period is around November 10th (November 9th-11th). - BW indicator is an indicator that comprehensively evaluates MACD, StochRSI, OBV, and ATR indicators. Currently, the BW indicator has touched the 50 point. Therefore, when the BW(50) point is created, you can conduct an aggressive transaction depending on whether there is support near it. - StochRSI indicator has completely entered the oversold zone. In addition, StochRSI EMA appears to have fallen below the 50 point zone. Accordingly, you need to check where the StochRSI indicator is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA. - In order to complete the pull back pattern, the uptrend must be maintained. Therefore, the uptrend of the linear regression channel must be maintained. To do so, you can see that the price must be maintained around 65920.71 or higher. - To summarize the above, in order to maintain and continue the uptrend, the price must be maintained above 68393.48. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start after rising above 29K. The expected range to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Bitcoin Bull Flag Breakout Incoming – $100k Target!!Bitcoin is forming a bull flag pattern on the daily chart, hinting at a potential breakout that could propel the price towards $100,000. Currently trading at $65,859, Bitcoin is testing the upper boundary of the flag, with multiple rejections seen in previous attempts to break out. This consolidation within a descending channel, following a strong upward trend, suggests a bullish continuation if the breakout is confirmed. If Bitcoin successfully breaches the flag’s resistance, the measured move from the prior leg indicates a target of $100k. Bull flags are known for signaling a continuation of the prevailing trend, and with Bitcoin’s bullish momentum intact, a breakout could lead to a significant surge. Traders should watch for a clean break above the upper trendline as a confirmation of this setup.
Long
by GreenCryptoTrades
1
This volatility period is until November 5th Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- When a new candle is created on the 1W chart, I will explain it in an update. --------------------------------------- (BTCUSDT 1M chart) If the BTC price touches around 89K, it is expected that it will never be below 42K again. - As the new month begins, the StochRSI indicator is showing an upward turn. However, since the StochRSI EMA is located around the 50 point, we can see that volatility still remains. The point to watch is whether the price is maintained above the StErr Line and rises above 71280.01 to challenge the ATH. The black line without any numbers indicates the upper or lower point of the box section of the HA-HIgh or HA-Low indicator. The upper or lower point of the box section of the HA-Low and HA-High indicators on the 1M and 1W charts can be used as support and resistance points when trading. - (1D chart) While falling below 68393.48, it is touching the entire MS-Signal indicator and showing an upward trend. Accordingly, it is thought that the possibility of support in the 68393.48-70148.34 section has increased. Therefore, if support is confirmed in the 68393.48-70148.34 section, it is a time to buy. As I mentioned in the previous idea, the pull back pattern is a pattern that can be recognized when it is completed. Therefore, it is quite difficult to buy at the bottom of the pull back pattern. That is why, when the decline begins after the rise, you have no choice but to check the importance of the support and resistance points drawn on the 1M, 1W, and 1D charts and think about countermeasures for them before preemptively trading. Therefore, since the probability of failure is quite high, you must think about a loss cut or selling method before trading. If you buy in the 68393.48-70148.34 section and it rises above 70148.34, 1st: 71280.01-72344.74 2nd: 73620.12 You must check for support near the 1st and 2nd above and respond. - This volatility period is expected to start around November 4th and end around November 16th. Accordingly, we need to keep an eye on the movements around November 4th (November 3rd-5th), November 10th (November 9th-11th), and November 16th (November 15th-17th). In order to rise along the linear regression channel, the price needs to rise above 70148.34 to maintain its position, so whether it can find support and rise in the 68393.48-70148.34 range is key. ---------------------------------------------------- We choose the time frame chart to trade according to our investment style and trade according to the movement of that chart. Accordingly, we will look at the time frame chart to trade most of the time. Also, since most trading charts are likely to be below 1D charts, there is a high possibility that you will trade without understanding the overall flow. Therefore, before starting a trade, you must check and understand the flow of the 1D chart and then trade. Otherwise, you may trade incorrectly due to fakes or sweeps when trading on time frame charts below 1D charts. - Add the StochRSI indicator to the 1D chart. Set the StochRSI indicator as shown in the picture above. Then, you can check the movement similar to the StochRSI indicator that I use. (The best way is to share my chart and paste the indicator into your chart.) Then, if the StochRSI indicator is rising based on the 50 point, - you should focus on finding the time to sell, - if it is falling, you should focus on finding the time to buy. Depending on the location of the StochRSI indicator, volatility may occur. 1. When falling in the overbought zone 2. When located in the 50 point zone 3. When rising in the oversold zone When the above three movements occur, the price may show volatility. If this volatility occurs at a time, you should check the movement of the 1D chart to avoid being caught in a fake or a sweep. - The trend-based Fibonacci extension shown on the left was drawn at the point where this rise began. Therefore, you can use it only as a reference for chart analysis. - It doesn't matter which time frame chart you start trading on. However, you can create a trading strategy that matches the investment period, investment size, trading method, and profit realization method according to the time frame chart and respond accordingly. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
#BTC URGENT UPDATE:- 66k or $71.3k?That’s a tough doji there. The breakout was impressive, but sellers stepped in, and volume has dropped in the high 70k range. There's a liquidity zone around $66,300, which also aligns with a lower support level. Price may consolidate around this level, giving altcoins room for a short-term rally on Monday and Tuesday. Unless we break that $71378 in htf and ltf , these pumps can fail to sustain. With US election week ahead, expect market indecision. Play it safe, if you’re new to the market, it’s best to avoid futures trades this week. Wait for the event to pass if you value your capital. dyor, nfa. That's all for now. Cheers Do hit the like button if you like it and sharer your views in the comment section. Thank you #PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1
Bitcoin Analysis==>>DUMP==>>Filling GapsBitcoin ( BINANCE:BTCUSDT ) is currently moving in the Support zone ($70,100-$68,420) and near the Support line . According to Elliott's wave theory , Bitcoin was able to complete main wave 4 ( although with a little irregular movement ). I expect Bitcoin will break the Support line soon , and the main wave 5 can be finished in one of the Potential Reversal Zones(PRZs) and filling the CME Gaps one by one . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Pull back is a pattern that can be recognized after it is formed Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator is showing signs of being created at the 69843.04 point. Accordingly, the point of observation is whether it can receive support and rise near the 69843.04-70148.34 section. We need to check whether the StochRSI indicator falls below 50 due to this decline. When the price is supported in the 68393.48-70148.34 range, if the StochRSI indicator remains below 50 and StochRSI > StochRSI EMA, it is a time to buy. Basically, if the StochRSI indicator is above 50, it is better to focus on finding a time to sell, and if it is below 50, it is better to focus on finding a time to buy. In particular, you should focus more when it is in the overbought and oversold ranges. - The MS-Signal indicator consists of M-Signal and S-Signal. Since S-Signal is currently in the 66668.65-68393.48 range, it is possible to touch this range and rise, so caution is required when trading. Therefore, it is better to check the movement when the state of M-Signal < S-Signal is changed. --------------------------------------------------------- (BTCUSDT.P 1D chart) If it falls below 68447.9, liquidation is required for positions purchased (LONG) below 67044.1. In other words, if the first installment liquidation was performed above 69835.3, the second installment liquidation is required around 68447.9. Then, when it shows support in the 68447.9-69835.3 range and the StochRSI indicator is below 50 and StochRSI > StochRSI EMA, you can make an additional purchase (LONG). It is recommended that this additional purchase (LONG) be made below 69835.3. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
#BTC Buy Zone Bounce Has Been Achieved📊#BTC Buy Zone Bounce Has Been Achieved✔️ 🧠From a structural point of view, the ideal target zone of the bearish structure has been achieved, and it has received good support near the neckline support zone. The rebound has now occurred as expected. ➡️ Unfortunately, the lowest point was $342 away from our second entry point, and it was not triggered. But it is satisfying to be able to make money. The main profit has been locked in, and the remaining positions will look forward to the realization of the resistance zone. Congratulations to friends who follow the wolf king to print money. 💰🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
1
The point of interest is whether it can create a pull back (Title) The point of interest is whether it can create a pull back pattern -------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) With this decline, the BW (100) line was created at the 72344.74 point. Therefore, the key is whether it can rise above 72344.74. - The price is passing the StErr Line around 71280.01, and the M-Signal indicator on the 1D chart is passing around 68393.48. Therefore, if it is supported and rises between the M-Signal and StErr Line on the 1D chart, a short-term pullback will form. If not, and it falls below the M-Signal indicator on the 1D chart, it is highly likely that it will show a short-term downtrend. For this reason, as I mentioned yesterday, if it is supported between the M-Signal and 70148.34 on the 1D chart, it is time to buy more. However, in order to buy more like this, a split sale must have been made before. - If not, and you need to buy new, 1. When it is supported around 67414.39-68393.48, 2. When it breaks through 72344.74, there are two methods above. The prerequisite for buying new is that the StochRSI indicator is below 50 and shows an upward trend. If not, and the StochRSI indicator is above 50 or showing a downward trend, it is better not to buy. ---------------------------- (1h chart) The linear regression channel indicator has set the length to 50, so the channel moves over time. The channel is showing a change from an uptrend to a downtrend. - Back to the main story, the point of observation is whether the price can be maintained by rising above the 5EMA of the 1D chart and whether it can rise above the middle line of the channel. If it fails to rise, volatility is expected to occur while touching the M-Signal indicator of the 1D chart. Accordingly, as I mentioned on the 1D chart, we can see that the points 68393.48, 70148.34, and 71280.01 are important support and resistance points. - If you bought below 68393.48, you can see that the area around 68393.48 is the last selling point. - If the StochRSI indicator is above 50, it is better to find a time to sell, and if the StochRSI indicator is below 50, it is better to find a time to buy. However, this is only when you are trying to make a new trade. - I am currently holding a long position. And, since I thought it would create a pull back pattern and rise, I gave you an example of additional buying in the idea yesterday. So, I didn't mention SHORT this time. I think this SHORT position is likely to end sooner than expected. USDC is volatile, so it can show a gap down at any time. However, since USDT is continuously showing a gap uptrend, it can be seen that the coin market is likely to continue its upward trend. And, because BTC dominance is on the rise. The rise in BTC dominance also means that funds are concentrated on BTC. Therefore, when BTC dominance is on the rise, it can be seen that it is more advantageous to trade BTC than altcoins. If USDT dominance falls below 4.97 and is maintained or shows a downward trend, I think the coin market is likely to start an uptrend. In order for this uptrend to lead to an altcoin uptrend, BTC dominance must fall below 55.01 and be maintained or show a downward trend. If not, there is a possibility that it will become a strange uptrend where only BTC rises, so be careful when trading altcoins. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Bitcoin Analysis==>>New All-Time High(ATH) is Loading!!!For a better view of Bitcoin ( BINANCE:BTCUSDT ), I suggest you read yesterday's post first.👇 As I expected, Bitcoin corrected to the Support zone($72,000-$70,820) and is currently moving in a descending channel(small) . According to Elliott wave theory , Bitcoin has completed wave 4 and we should wait for wave 5 . I expect Bitcoin will touch New All-Time High(ATH) soon. (After breaking the upper line of the ascending channel). ⚠️Note: If Bitcoin falls below the Support zone($72,000-$70,820), it may fall further.⚠️ Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
19
#BTC pullback started?📊#BTC pullback started? 🧠 We finally broke out of the multiple resistance zone and started to fall back. From a structural point of view, the short structure was established. The first stage support zone is around 70500-70800. The ideal target zone of the short structure overlaps with the neckline support zone, so this will be regarded as the heaviest support zone. If you want to participate in long trades, you can consider doing it here. ➡️Yesterday, although we were in multiple resistance zones, I found a small cycle buying opportunity, so I tried to participate in some long trades. Finally, I set a break-even after locking in the main profit. Now even if it falls, I will not lose money. I made a small profit. Congratulations. 🍻 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:BTCUSDT.P
Long
by wolf_king888
Volatility period starts around November 4th (Title) Volatility period starts around November 4th (example of additional purchase) ----------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATX indicators. The BW (0) indicator is an indicator that appears when the BW indicator touches the 0 point and rises. Therefore, it indicates the point where the rise begins, that is, the low point section. The BW (100) indicator is an indicator that appears when the BW indicator touches the 100 point and falls. Therefore, it indicates the point where the decline begins, that is, the high point section. ------------------------------------------- (BTCUSDT 1D chart) The BW indicator value touched the 100 point and an arrow was displayed. When a new candle is created, it is necessary to check whether the arrow remains the same. The fact that the BW indicator touched the 100 point means that the upward strength is strong. Therefore, it can be interpreted that there is a high possibility that it will lead to an additional increase. However, when the BW (100) line is created, it can be said that it means that the possibility of a decline has begun to increase. Therefore, it means that the possibility of a pull back or decline has begun to increase. - The point of interest is whether it will show a renewal of the ATH by touching the current highest price of 73777.0 or higher, or whether it will continue to decline. There is a saying that the coin market is a trend-following market. It can be said that this is a market with a strong tendency to follow a trend that has been formed. Therefore, when a new candle is created, it is necessary to check the movement of the StochRSI and StochRSI EMA indicators. Since the StochRSI EMA indicator is currently located in the middle section, it is necessary to check how much it rises when a new candle is created and the change in the slope of the StochRSI indicator. - If it progresses downward, the area around 70148.34 is expected to be an important support and resistance area. The reason is that it is near the upper point of the box of the HA-High indicator on the 1M chart. In addition, the StErr Line is passing through the 70148.34-71280.01 section, confirming that it is an important point. - If you bought below 67414.39, it is recommended to sell and wait for the situation to be confirmed when resistance is confirmed in the 68393.48-69031.99 range. You should have sold in installments around 71280.01 or 73000.0 before that. - If the average purchase price is below 67414.39 and you sold in installments around 71280.01 or 73000.0, you can buy more when a pull back is confirmed. However, the additional purchase should not exceed the current holding amount. If you buy more than the holding amount, the average price will rise significantly and you may not be able to hold on or it may turn into a loss. Therefore, when the support is confirmed in the 68393.48-70148.34 section, additional purchases can be made below 70148.34. This additional purchase is possible because the split sale was made. - The next volatility period is expected to start around November 4th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising by more than 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto