Volatility Period: November 9-11
2024-11-09


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(USDT 1D chart)

It's showing a big gap uptrend after a long time.

It seems that a lot of funds are flowing into the coin market.

(USDC 1D chart)

USDC is also showing a gap uptrend.

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(BTCUSDT 1D chart)

It touched the left Fibonacci ratio 1.618 (76787.43) point.

And, the BW indicator has risen to the 100 point.

The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATR indicators.

Accordingly, if the BW(100) line is generated when the BW indicator falls from 100, it is highly likely to lead to a decline, so caution is required when trading.

If the decline begins, the key is whether it can be supported around 71280.01-72344.74.

The 71280.01 point is the BW(100) point of the 1M chart, so if it shows resistance near 71280.01, it is likely to show a large decline.

(For this discussion, please refer to the idea of ​​"Never HODL at the highest point even if the profit is small.")

However, since the BW(100) point of the 1W chart is created at the 68393.48 point, if it falls below 68393.48, it is expected to lead to a sharp decline.

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Since it is out of the upper part of the linear regression channel, it will soon enter the channel.

At this time, you should check whether the BW(100) line is created and think about a countermeasure for it.

Based on the above, I think it is a good idea to set the 72344.74 point as the stop loss point and re-select the start of trading based on the movement thereafter.

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If it is supported and rises near the left Fibonacci ratio 1.618 (76787.43), the next target is near the right Fibonacci ratio 1.618 (89050.0).

However, before that, there is a possibility of resistance in the 79902.66-80999.68 range and near 83646.12, so you should also consider countermeasures for this.

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If you are thinking of making a new trade, I think it would be good to start by confirming that the price has entered the linear regression channel and is supported at the support and resistance points.

If you want to trade right now, I recommend buying when the BW(100), HA-High indicators on the low time frame chart break upward and show support.

If the BW(0), HA-Low indicators are generated, buy when they show support.

The 5EMA on the 1D chart is passing around 74K.

Therefore, high volatility is expected to occur when touching the 5EMA on the 1D chart.

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Have a nice time.

Thank you.

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- ​​Big picture

The real uptrend is expected to start after rising above 29K.

The area 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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