Need to check if BW(100) line is created at 90375.2 point
2024-11-15


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(BTCUSDT 1D chart)

BW(100) line is showing signs of being created at 90375.2 point.

Accordingly, if BW(100) line is created at 90375.2 point, the key is whether it can rise above 90375.2.

If it fails to rise, it is likely to lead to further decline.

Accordingly, if it falls from the current section (87.8K-89K),
1st: StErr Line
2nd: M-Signal on the 1D chart
Whether it touches the 1st and 2nd areas above and rises is the point of observation.

Accordingly, if it receives support near 79.9K-80.9K and rises, it is expected to create a pull back pattern.

If not, if it falls below 76.7K and shows resistance, it is likely to turn into a short-term downtrend.

This short-term downtrend is expected to determine the trend again by touching the 68393.48-71335.47 area.

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If the decline begins, it is likely to show a greater decline than expected.

Therefore, what we need to watch closely is whether the StErr Line turns into a decline when it falls below the StErr Line.

This is because if the price is maintained below the StErr Line, it is likely to show a decline.

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The volatility period (around November 16-19) is approaching.

Accordingly, it is time to think a lot about response strategies.

When trading spot, you should consider whether you can reduce the investment ratio and buy more when it falls.

When trading short (SHORT) in futures, you must keep the stop loss point.

When trading long (LONG), check if you can use the same method as when trading spot, and if not, choose the time to liquidate.

The reason you can maintain long (LONG) trading is because funds are flowing into the coin market.

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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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