Next Volatility Period: Around August 24th
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(BTCUSDT 1D Chart)
After this volatility period, the price has re-entered the 115854.56-119177.56 range.
Accordingly, the key question is whether the price can rise after finding support in the 115854.56-119177.56 range.
The next volatility period is around August 24th (August 23rd-25th).
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To determine the volatility period, support and resistance points and trend lines must be drawn on each timeframe chart.
Support and resistance points are drawn using the DOM(60), HA-High, HA-Low, and DOM(-60) indicators included in the HA-MS indicator.
Trend lines are drawn by connecting the points where the K value of the StochRSI indicator forms peaks in overbought or oversold zones.
Therefore, the trend line is drawn by connecting the peaks formed in overbought zones with a high trend line and the peaks formed in oversold zones with a low trend line.
If these two trend lines form a channel, the trend is likely to continue. If the trend lines intersect, a new trend is likely to be created.
(1M Chart)
The trend lines on the 1M chart are not specifically distinguished between high and low trend lines, but are instead displayed in a single color.
This is because we determined that distinguishing between them is unnecessary, as they represent long-term trends.
When creating trend lines, you must use peaks created in overbought or oversold areas.
The 1M chart displays a dotted trend line, which connects points in overbought or oversold areas that do not have peaks.
These trend lines are not used to determine periods of volatility.
(1W Chart)
Draw support and resistance points and trend lines on the 1W chart, just like on the 1M chart.
When possible, draw trend lines only from recently created peaks and delete previously drawn trend lines.
(1D Chart)
Draw support and resistance points and trend lines on the 1D chart, just like on the 1M and 1W charts.
The points where these support and resistance points and trend lines intersect or intersect are used to identify periods of volatility.
When possible, areas where multiple support and resistance points and trend lines intersect or intersect are considered periods of high volatility.
Also, since trend lines on 1M > 1W > 1D charts differ in accuracy, it's best to select points where they intersect more frequently when utilizing trend lines drawn on 1D charts.
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Indicators or other analysis techniques created by others require long-term observation to understand and utilize.
Therefore, rather than defining them as right or wrong, consider them as possible and consistently check real-time data to make them your own.
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Thank you for reading to the end.
I wish you successful trading.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
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