The key is whether it can be supported at 64748.70
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There is a content about the volatility period of the StochRSI indicator in the previous idea, so please refer to it.
(BTCUSDT 1D chart)
The HA-High indicator on the 1D chart is expected to be generated at the 64748.70 point.
Accordingly, the key is whether it can rise above 64748.70 and be supported.
If not, as I mentioned in the previous idea, we need to check the support in the above section
- 63118.62.64000.0
- 60672.0-61099.25
.
Since the M-Signal of the 1D chart is passing around 63118.62.64000.0, it is an important support and resistance section,
and since the M-Signal of the 1W chart is passing around 60672.0-61099.25, it is an important support and resistance section.
However, if the decline continues, the M-Signal of the 1W chart is expected to rise around 61759.99, so this area is also an important support and resistance section.
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(1D chart)
Since the HA-High indicator of the 1D chart has been touched, if it fails to rise above the HA-High indicator, it is likely to touch the HA-Low indicator.
Therefore, as the price falls, we need to check where the HA-Low indicator is generated.
If it is not generated, it is likely to touch around the 56204.13 point.
However, as I mentioned earlier, there is an important section, so it is not expected to fall easily.
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The volatility period is expected to be around October 5-10 (up to October 4-11).
Therefore, the point of interest is whether it will pass the 66676.87-68249.88 section or the 56150.01-56950.56 section after this volatility period.
If not, and it moves sideways, you need to check if the M-Signal of the 1D chart > M-Signal of the 1W chart can be maintained.
If the M-Signal of the 1D chart < M-Signal of the 1W chart is maintained, there is a possibility that it will converge near the M-Signal of the 1M chart.
I will explain this in detail again when there is movement.
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(1M chart)
This is the day when a new moon candle is created.
Therefore, I will explain this after a new candle is created.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The next expected range to touch 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 that are likely to receive resistance in the future.
We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#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
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