Check support near 68393.48
2024-11-05


Hello, traders.

If you "Follow", you can always get new information quickly.

Please click "Boost" as well.
Have a nice day today.

-------------------------------------

(BTCUSDT 1D chart)

The key is whether it can quickly rise to the 68393.48 area.

The next important support and resistance point is the 65920.71 point.

Therefore, if it continues to fall, we need to check support near 65920.71.

This volatility period is until November 5th, and the next volatility period is around November 10th (November 9th-11th).

-
BW indicator is an indicator that comprehensively evaluates MACD, StochRSI, OBV, and ATR indicators.

Currently, the BW indicator has touched the 50 point.

Therefore, when the BW(50) point is created, you can conduct an aggressive transaction depending on whether there is support near it.

-
StochRSI indicator has completely entered the oversold zone.

In addition, StochRSI EMA appears to have fallen below the 50 point zone.

Accordingly, you need to check where the StochRSI indicator is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.

-
In order to complete the pull back pattern, the uptrend must be maintained.

Therefore, the uptrend of the linear regression channel must be maintained.

To do so, you can see that the price must be maintained around 65920.71 or higher.

-
To summarize the above, in order to maintain and continue the uptrend, the price must be maintained above 68393.48.

-
Have a good time.
Thank you.

--------------------------------------------------

- ​​Big picture

The real uptrend is expected to start after rising above 29K.

The expected range to touch 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

-----------------
