The key is whether it can rise after forming a short-term bottom
2024-10-26


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(AVAXUSDT.P 1D chart)

An arrow appears for the BW (0) indicator.

Accordingly, it can be interpreted that the possibility of forming a bottom section has increased.

Looking at the previous past movements, we can see that there is a possibility of an additional downtrend.

Therefore, the key point is whether there is support around 19.527-21.409.

When the BW (0) line is formed, the point to watch is whether it can receive support around that area and rise above 27287-29.277.


If you look at the big picture, you can see how important the current section is.

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Have a good time.
Thank you.

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- ​​Big picture

The real uptrend is expected to 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 (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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