Next Volatility Period: Around November 10
2024-11-06


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(BTCUSDT 1D chart)

The first major volatility period ends around November 16.

Accordingly, the key is whether it can rise after receiving support near 68393.48-70148.34 among the important support and resistance areas of 68393.48-71280.01.

Therefore, when support is confirmed in the 68393.48-70148.34 area, it is the time to buy.

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You can see that the decline is strong because the StochRSI indicator is currently in the oversold zone.

However, we need to focus on finding the right time to buy depending on whether there is support at important support and resistance points.

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If it rises above 70148.34,
1st: 71280.01
2nd: 72344.74
3rd: New ATH
You can respond depending on whether there is support in the area above.

If it falls below 68393.48, you need to check whether there is support in the area around 65920.71.

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The next volatility period is around November 10 (November 9-11).

It is recommended not to start trading during the volatility period.

The reason is that the possibility of volatility is high, so the possibility of loss is higher than usual.

Therefore, unless you are scalping or day trading, it is better to start trading by checking the movement at the end of the volatility period and referring to where it is.

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If you think about factors other than the chart and think about responses in advance and create a trading strategy, the risk is high.

Therefore, it is important to create a trading strategy based on the movement of the chart without referring to issues or articles other than the chart before trading.

If you come across issues or articles other than charts before making a trading strategy, you may make a wrong trading strategy due to your subjective thoughts.

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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 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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