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2024-09-30

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(BTCUSDT 1M chart)

There is now one day left until a new candle is created.

The current StochRSI indicator is rising below the midpoint (50).

We need to check what the StochRSI indicator will look like when a new candle is created.

I have marked three sections as important support and resistance sections on the 1M chart.

If it falls below the second section, it is likely to turn into a downtrend, and the strong support section at this time is the third section.

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(1W chart)


The next volatility period is the week around October 7th.

So, September 30th - October 13th.

The important sections on the 1W chart are 69648.14, 65920.71, 61099.25, and the M-Signal on the 1M chart.

The StochRSI indicator has risen above the midpoint (50).

Therefore, it is necessary to check whether it will enter the overbought zone when a new candle is created.

Since the BW line is currently formed at 69648.14, it is important to check whether there is support near this point.

If it goes up a bit more, there is a possibility that a new BW line will be created, so if a new BW line is created, we need to check whether there is support near it.

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(1D chart)

Among the volatility periods mentioned in the 1W chart, it is expected that full-blown volatility will likely occur between October 5th and 10th.

What is important to watch as this volatility period passes is whether it can fall below 56150.01 or rise above 66676.87-68249.88.

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It is currently located near the HA-High indicator on the 1W chart.

As I mentioned in the previous idea as an update, the StochRSI EMA indicator has never touched the 100 point.

Therefore, there is a very high possibility that the StochRSI indicator will be reset somehow.

Therefore, it is an important point to watch how the StochRSI indicator is initialized.

Since it is overheated, even if it shows a slight decline, the StochRSI indicator shows a downward trend.

In this movement, buying because the price is rising will make your psychological state unstable.

Therefore, it is necessary to check whether it can be supported at the lower point of the HA-HIgh indicator box (65441.08) ~ 65920.71.

If it falls without support,
1st: 64179.08
2nd: 61099.25
You should check whether it is supported at the 1st and 2nd points above.

When the StochRSI indicator falls in the overbought zone, there are cases where it immediately shows a downward trend and cases where it does not.

Currently, it seems that volatility is likely to occur when the StochRSI indicator is located near the midpoint (50).

At this time, I think it is important to know where it is supported.

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If it rises above 65920.71,
1st: 67614.25
2nd: 69648.14
We need to check whether it is supported near the 1st and 2nd above.

However, depending on whether the StochRSI indicator is initialized, there is a possibility that the upward trend will continue while creating a new wave, so we need to watch the situation.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale upward trend will begin 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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