The key is whether it can rise in the 34786.17-37779.56 range
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
It received support and rose in the 34110.32-34786.17 range.
The still important section is the 29241.72-30767.38 section.
Therefore, if it falls below the 29241.72-29850.45 range, it is likely to turn into a downtrend.
(1D chart)
A period of volatility has just begun.
Therefore, caution is required when trading until the volatility period ends around November 8 (November 7-9).
We need to check whether the StochRSI indicator and the Histogram indicator can continue their upward trend and rise above the 0 point.
Of the three buying opportunities I mentioned before, it is showing an upward trend without creating a pull back pattern, which I said would be the first buying period after BTC rose above 29K.
If it appears to fall below 34110.32 around November 2 (November 1-3), the beginning of the volatility period, you need to check if it is supported around 31804.20-32917.17.
The second time to buy BTC was when a pull back pattern was formed when it fell after resistance near 38531.90.
I will explain this again when the price rises to around 37779.56-38531.90.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
The still important section is the 29241.72-30767.38 section.
Therefore, if it falls below the 29241.72-29850.45 range, it is likely to turn into a downtrend.
(1D chart)
Therefore, caution is required when trading until the volatility period ends around November 8 (November 7-9).
We need to check whether the StochRSI indicator and the Histogram indicator can continue their upward trend and rise above the 0 point.
Of the three buying opportunities I mentioned before, it is showing an upward trend without creating a pull back pattern, which I said would be the first buying period after BTC rose above 29K.
If it appears to fall below 34110.32 around November 2 (November 1-3), the beginning of the volatility period, you need to check if it is supported around 31804.20-32917.17.
The second time to buy BTC was when a pull back pattern was formed when it fell after resistance near 38531.90.
I will explain this again when the price rises to around 37779.56-38531.90.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Comment:
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
We need to check if it falls below 5EMA this time.
If it falls from 5EMA, you should check if the M-Signal indicator on the 1D chart is rising around 32853.8 and finds support there.