Support Zone: 64748.70-65920.71
2024-10-16


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(BTCUSDT 1D chart)

The M-Signal indicator on the 1D, 1W chart is formed in the 64748.70-65920.71 zone.

Therefore, if the price is maintained above this zone, there is a high possibility that a stepwise uptrend will begin.

Therefore, the point to watch is whether it rises along the trend line (1) and maintains the price above 68393.48 after around November 4th.

If it rises above that, you should check for support near 71280.01.

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The StochRSI indicator has currently entered the overbought zone.

The rise to the overbought zone means that the upward trend is strong.

Therefore, you should be careful when trading because there is a possibility that the upward trend will continue until it falls from the overbought zone.

However, if the slope of the StochRSI indicator becomes gentle, the possibility of a downward turn increases, so you should think about a response plan for the decline.

When this movement is shown, you should check if there are support and resistance points drawn on the 1M, 1W, and 1D charts, and if so, whether they are supported or resisted at those points.

If you do not have support and resistance points drawn by yourself, there is no need to draw additional support and resistance points and create a response strategy.

The reason is that additional support and resistance points or various chart tools drawn after the start of trading are likely to reflect your own psychological state.

Then, there is a high possibility that it will be drawn according to the price volatility, so there is a high possibility that you will conduct the transaction incorrectly.

It is important to start trading right now and make a profit, but I think it is most important to conduct the transaction according to the trading strategy that you originally planned.

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If your psychological state has become unstable due to the price volatility, you need to make an effort to make your psychological state as stable as possible by selling in installments.

If you do not, and continue to maintain an unstable state, you may end up suffering a large loss at one time, so you need to be careful.

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How the StochRSI indicator is initialized, that is, whether it touches the oversold zone, is a point of observation to check the movement of the StochRSI indicator.


Since the BW indicator fell from the highest point (100) on March 13, it has not touched the highest point (100) yet.

This can be considered evidence that the upward strength is not strong.

This time, the BW indicator will touch the highest point (100), so it is a point to watch whether the trend will change.

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Have a good time.

Thank you.

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- ​​Big picture

It is expected that the real uptrend will start when it rises 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

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