The key is whether there is support near 2621.99
2024-10-15


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ETH is in a reverse array.

Therefore, it is not attractive to start trading.

Therefore, the point of observation is whether it can turn into a regular array when the price is maintained above 2621.99.

Based on the current price position, it is expected that a full-scale uptrend will begin only if it rises above the 3265.0-3321.30 range.

Therefore, the 2621.99-3321.30 range can be considered a buy range.

So, rather than rushing to buy, I think it would be better to wait until the chart is at a level where you can trade.

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The Mid (50) line is showing signs of being newly created.

Accordingly, the support near the Mid (50) line is the key.

Since the Mid (50) line is expected to be created near the M-Signal indicator of the 1W and 1M charts, near 2621.99, this section is becoming more important.

Therefore, if the price is located near 2621.99 when the M-Signal indicator of the 1D chart rises above 2621.99, then I think it would be a good time to buy.

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If you bought near the BW (0) line or the HA-Low indicator, the area near 2621.99 is the first split trading area.

As I mentioned above, if you bought around 2621.99 when the chart was created, the BW (100) line or the HA-High indicator is the split trading area.

Currently, the BW (100) line is formed at 2627.76, and the HA-High indicator is formed at 3787.59.

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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 begin when it rises 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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