Overheated state of all time
2024-09-27

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The current situation is showing an overheated state of all time.

Accordingly, there seems to be a possibility of a sharp change in the StochRSI indicator.

Since it touched the expected rising range, there is a possibility that a price adjustment will begin to lead to an additional rise.

If it falls below 63118.62-64000.0,
1st: M-Signal on the 1D chart (current location 61759.99)
2nd: 59053.55
You should check for support near the 1st and 2nd above.

If the upward trend continues and rises to the 65920.71-67614.25 range, there is a possibility that the StochRSI indicator will show a reversal phenomenon, but I don't think that will happen because I don't think that has happened so far.

In other words, there is no phenomenon of divergence in the indicator due to excessive upward trend.

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The StochRSI indicator was reset after February 18, but the price drop was not large.

I think that in order for the current overheated state to lead to additional rise, it should show at least the same movement as after February 18.

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When you think that it might go up without doing anything, it is a high point and I think it is a good choice to watch the situation a little more.

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DMI is displayed as a line, and OBV is displayed as a column.

DMI is easy to interpret, but OBV can be a bit difficult.

The reason is that OBV is displayed by dividing it into 4 sections.

1. Above High Line: Dark Orange (#e65100)
2. Mid Line ~ High Line: Orange (#ff9800)
3. Low Line ~ Mid Line: Aqua (#00bcd4)
4. Below Low Line: Blue (#2962ff)
The above 4 sections are divided and the rise and fall are indicated based on the 0 point.

What you should pay attention to here is the state of DMI when each section is crossed.

This is because there may be a change in trend when OBV exceeds the range when DMI rises and falls based on the 0 point.

(In other words, the trend change occurs and DMI and OBV change, but I explained it the other way around for easier understanding.)

Accordingly, if we interpret the current state, it shows a strong upward trend.
- DMI is maintaining an upward trend above 0 point
- OBV is above the high line: a dark orange (#e65100) range has occurred

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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 range 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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