The point of interest is whether it can rise to around 98.9K
2024-11-14


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(BTCUSDT 1D chart)

I think there is a shake to touch the target point of 3.618 (98841.11).

This shake seems likely to change into a trend as it passes through the next volatility period, around November 16-19 (maximum November 15-20).

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If it rises to around 3.618 (98841.1), it is expected that there will be a movement to determine the trend again.

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If it falls below 2.618 (87814.27),
1st: StErr Line
2nd: M-Signal on 1D chart (approximately 79.9K-80.9K)
It is expected to fall to the 1st and 2nd above.

Based on the current price position, if it falls below 75571.99, it seems likely to turn into a downtrend.

The 75571.99 point is the BW(50) point.

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When the StochRSI indicator approaches or touches the 100 point, it is necessary to pay attention to how close the StochRSI EMA indicator is to the StochRSI indicator.

The reason is that the StochRSI EMA has never touched the 100 point yet.

This means that the StochRSI indicator will eventually fall below the StochRSI EMA.

In other words, it also means that the decline has begun.

You cannot tell how much the fluctuations will occur with the StochRSI indicator alone.

However, you can tell the start and end of the trend.

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In that sense, there is a high possibility that volatility will occur when the StErr Line is touched.

Therefore, if the StochRSI < StochRSI EMA falls below the StErr Line and the StErr Line turns downward, you can see that the downward trend is likely in progress.

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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 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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