Start of full-scale uptrend: 64748.70-65920.71
2024-10-15


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In order to use the BW+ indicator in chart analysis, the existing HA-MS_BW+ indicator has been integrated and modified.

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The key is whether it can rise above the trend line (1).

The StochRSI indicator seems to be entering the overbought zone.

The fact that the StochRSI indicator has entered the overbought zone means that the upward strength is strong.

Accordingly, there is a possibility that it will show an upward trend until it falls from the overbought zone, so you should look at the movement at the support and resistance points drawn on the chart.

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We need to check if the price can be maintained above 65618.80, which is the upper point of the HA-HIgh indicator box.

The 65920.71 point is the HA-High indicator point on the 1W chart.

Therefore, if the price is maintained above 65920.71, there is a high possibility that a stepwise uptrend will begin.

However, since the StochRSI indicator has entered the overbought zone, it is expected to show a downward trend, so it is expected that support will be important around 65920.71.

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The BW (100) line is currently formed at 73072.41.

If the price rises a little more and a new BW (100) line is created, that area will be the split trading point.

Otherwise, the current BW (100) line position, 73072.41, will be the split trading point.

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If it falls below 64748.70-65920.71, the most important support and resistance point is 61099.25.

However, before that, we need to check whether there is support near 62856.30, the lower point of the HA-HIgh indicator box.

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The point of interest is whether the price can be maintained near the 64748.70-65920.71 range even after the next volatility period, around November 4th.

If not, we need to check whether it is located near 56204.13.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will 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 be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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