Check if you are supported in the first resistance section
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(BTCUSDT 1M chart)
A new candle is expected to be created in the 37253.81-38745.63 range.
Accordingly, we need to check how the StochRSI indicator will move.
(1W chart)
The StochRSI indicator is hitting the highest point in the overbought zone.
Accordingly, the key is whether the price can be maintained above 37253.81 and rise above 38531.90.
Since the Histogram indicator of the StochRSI indicator is showing a downward trend, the likelihood that the StochRSI indicator will be in a downward trend in the near future is increasing.
However, BTC is likely to maintain an upward trend until it leaves the overbought zone, so you should be careful about its movements.
Since the RSI indicator has entered the overbought zone, if it falls below 37253.81, there is a possibility that the RSI index will leave the overbought zone.
If that happens, there is a high possibility that a new HA-High indicator will be created, which will increase the likelihood of new volatility occurring.
The section where BTC turns into a downward trend is when it falls below the 29241.72-30767.38 range and meets resistance.
Until then, even if it falls, it is considered highly likely that it will create a pullback pattern and rise.
In that sense, the section 32917.17-34110.32 is expected to be an important section.
(1D chart)
The next period of volatility will be around December 9th, when the uptrend line (2) intersects at 38745.63.
Prior to this, the key is whether the price can be maintained around 37779.56 around December 1st.
We should hold the price around 37779.56 and see if it rises along the uptrend line (2).
If that happens, it is expected to move sideways in the first resistance range of 37779.81-38745.63, and then volatility will occur around December 9 (December 8-10).
Since the high points of the StochRSI indicator are falling, you can see that the strength of the rise is gradually weakening.
Accordingly, we can see that it is becoming important to be able to maintain the price above the 37253.81 point.
Even so, the 34786.17-37779.56 section is a sideways section.
thus, . If the price stays in the 34786.17-37779.56 range, BTC will just move sideways.
However, since altcoins are likely to see large declines, they may become psychologically unstable, so you need to think about countermeasures against this.
If it rises above 38745.63, it is expected to rise to around 43160.0.
A detailed explanation on this will be provided again when the price shows an upward trend above 38745.63.
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- 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.
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** 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 1M chart)
Accordingly, we need to check how the StochRSI indicator will move.
(1W chart)
Accordingly, the key is whether the price can be maintained above 37253.81 and rise above 38531.90.
Since the Histogram indicator of the StochRSI indicator is showing a downward trend, the likelihood that the StochRSI indicator will be in a downward trend in the near future is increasing.
However, BTC is likely to maintain an upward trend until it leaves the overbought zone, so you should be careful about its movements.
Since the RSI indicator has entered the overbought zone, if it falls below 37253.81, there is a possibility that the RSI index will leave the overbought zone.
If that happens, there is a high possibility that a new HA-High indicator will be created, which will increase the likelihood of new volatility occurring.
The section where BTC turns into a downward trend is when it falls below the 29241.72-30767.38 range and meets resistance.
Until then, even if it falls, it is considered highly likely that it will create a pullback pattern and rise.
In that sense, the section 32917.17-34110.32 is expected to be an important section.
(1D chart)
Prior to this, the key is whether the price can be maintained around 37779.56 around December 1st.
We should hold the price around 37779.56 and see if it rises along the uptrend line (2).
If that happens, it is expected to move sideways in the first resistance range of 37779.81-38745.63, and then volatility will occur around December 9 (December 8-10).
Since the high points of the StochRSI indicator are falling, you can see that the strength of the rise is gradually weakening.
Accordingly, we can see that it is becoming important to be able to maintain the price above the 37253.81 point.
Even so, the 34786.17-37779.56 section is a sideways section.
thus, . If the price stays in the 34786.17-37779.56 range, BTC will just move sideways.
However, since altcoins are likely to see large declines, they may become psychologically unstable, so you need to think about countermeasures against this.
If it rises above 38745.63, it is expected to rise to around 43160.0.
A detailed explanation on this will be provided again when the price shows an upward trend above 38745.63.
--------------------------------------------------
- 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:
#BTCUSDT
The key is whether the price can be maintained around 38745.63 and then rise to around 41351.0 around December 9th.
If it falls from the first resistance zone and falls below 37253.81, it may lead to a downward movement to around 34786.17, the bottom of the sideways zone, so you should think about a response plan.
(1M charts)
The StochRSI indicator has entered the overbought zone.
Accordingly, if the price cannot be maintained by rising above 38745.63, the possibility of a downward trend is increasing.
Therefore, point 38745.63 can be said to be an important boundary point.
If it falls from the first resistance zone and falls below 37253.81, it may lead to a downward movement to around 34786.17, the bottom of the sideways zone, so you should think about a response plan.
(1M charts)
Accordingly, if the price cannot be maintained by rising above 38745.63, the possibility of a downward trend is increasing.
Therefore, point 38745.63 can be said to be an important boundary point.
Comment:
#BTCUSDT.P
The section 39846.8-42041.1 was touched.
(4h)
(1h)
We need to check whether it can receive support and rise around 39416.4.
(1D)
(4h)
(1h)
We need to check whether it can receive support and rise around 39416.4.
(1D)
[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/
The StochRSI indicator has entered the overbought zone.
Accordingly, I think the key is whether it can rise above 38937.30.
If it fails to rise, a high is expected to be created.
Please refer to the text for subsequent movements.