The key is whether it can rise above 61K
2024-10-11


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(BTCUSDT 1D chart)

It was created using the Trend-Based Fib Extension tool based on the candlestick of the selected point used when drawing the parallel channel.

Therefore, from a short-term trend perspective, you can see that the area around the right Fibonacci ratio 0.618 (59369.59) ~ 0.5 (60650.13) is an important support area.

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Therefore, the key is whether it can maintain the price by rising above 61099.25 after October 11.

If not, and it falls, it is possible that it will finally touch the M-Signal indicator on the 1M chart.

Currently, the M-Signal indicator on the 1M chart is rising around 52K.

The expected crossover area is expected to be around 56K (56150.01-56950.56).

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(Chart under test)

If the M-Signal on the 1W and 1D charts breaks through the convergence area (1), it is expected to create a new rising wave.

If not, we need to check whether there is support in the area (2).

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BW v1.0 indicator's BW is an indicator that comprehensively evaluates DMI, OBV, and MACD.

The interpretation method is
1. The horizontal line created by touching the 100 point becomes the trading reference line.
2. When it falls below the 80 point, the high point section is displayed.
3. The position is switched around the 50 point.
4. When it rises above the 20 point, the low point section is displayed.
5. The horizontal line created by touching the 0 point becomes the trading reference line.

2, 3, 4. are likely to have volatility, so the corresponding lines are the sections that must be responded to.

In other words, they correspond to the time when split trading is conducted.

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The point to watch is whether USDC can be maintained above 26.153B as the gap decline decreases.

The important support and resistance area for USDC is 32.435B.

If the selling volume of BTC confiscated by the US government decreases and USDT gaps up, I think the coin market is likely to show an upward trend.

If not, it may not be able to digest the selling volume and lead to further decline.

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(NAS100USD 1D chart)

We need to check whether there is support near 20313.8.

Since the StochRSI indicator has entered the overbought zone, even if it rises, it will eventually fall.

At this time, the point of interest is whether it can receive support near 20313.8.

The most important support zone at the current location is 19582.6.

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The chart consisting of parallel channels and Fibonacci ratios is a chart for chart analysis.

Therefore, if your trading strategy is not properly established when trading with the support and resistance points confirmed by the Fibonacci ratio, you need to be careful because the transaction may proceed in the wrong direction.

Therefore, you must mark the support and resistance points on the 1M, 1W, and 1D charts.

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The chart that has been used since the past is the chart that shows the support and resistance points drawn on the 1M, 1W, and 1D charts.

I think the support and resistance points shown on this chart are the most accurate among the charts I am introducing.

However, it is difficult to see because it is too complex a chart to use for publishing as an idea.

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I am testing whether I can trade with the trend, momentum, and market strength by comprehensively evaluating MACD, DMI, and OBV.

I am testing it for use on time frame charts below 1D charts.





When using it on time frame charts below 1D charts, you can disable indicators corresponding to 2 and 4 and use it.

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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 next expected range to touch 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 that are likely to receive resistance in the future.
We need to check if these points can be broken upward.

We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.

#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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