Next Volatility Period: Around November 16 (November 15-17)
2024-11-11


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(BTCUSDT 1W chart)

The target range is around 2.618 (87814.27) on the left and 1.618 (89050.0) on the right.

If it rises to this range, it is expected to determine the trend again.

To do so, the key is whether it can break through the 1st and 2nd ranges upward.

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StochRSI EMA has not touched the 100 point so far.

Therefore, as the StochRSI EMA approaches the 100 point, the downward pressure becomes stronger, so caution is required when trading.

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(1D chart)

This volatility period is until November 11th.

Therefore, the point of interest is whether it can receive support near 80K after passing this volatility period.

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The BW indicator is currently maintained at the 100 point.

This also means that the upward strength is strong.

However, if the BW indicator shows a downward trend from the 100 point, BTC is likely to show a downward trend.

Whether this downward trend will create a pull back pattern or the start of a downward trend can be predicted depending on whether there is support near 75571.99.

I will tell you more details when it falls near 75571.99.

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Since the prices of most coins (tokens) have risen significantly, it is quite burdensome to buy them.

Therefore, in order to trade, you have no choice but to use time frame charts below the 1D chart.

However, you should draw support and resistance points on the 1M, 1W, and 1D charts and check the movement near those points.

In fact, coins (tokens) that are renewing their ATH have no support and resistance points, making it very difficult to trade them.

Therefore, for coins (tokens) that are renewing their ATH, you should purchase them in installments when the candles on the 1D chart are falling candles, lowering the average purchase price.

Buying when the candles on the 1D chart are falling candles means that you should perform a breakout trade when the time frame chart below the 1D chart goes down and then rises.

That is, the method is to buy when the price falls below the BW(100) point of 79844.01 and then rises above 79844.01 again.

It is important to buy when the price starts to rise, but it is also important to buy when the price falls below the important support and resistance points and then rises again when the price has already risen.

I hope this answers the question of why I am the only one who is recording a loss when everyone else is making a profit.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the 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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