Next Volatility Period: Around October 3rd (October 2nd-4th)
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(BTCUSDT 1D Chart)
This volatility period lasts until September 29th, but since the next volatility period is around October 3rd (October 2nd-4th), it's highly likely that the volatility period will continue until October 4th.
Therefore, we need to see if the price can sustain above 11696.21 after the volatility period.
If it fails to do so and falls below the 104463.99-108353.0 range, a sharp decline is likely.
If a sharp decline occurs, we need to check for the formation of new indicators such as the DOM (-60) or HA-Low indicators.
If new support is formed, it's important to determine whether there is support near that area.
If support is not found, a step-down trend is likely.
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It is currently located near the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1D chart.
Therefore, if the price rises above 111696.21 and holds, further upward movement is likely.
At this point, the key question is whether the price can rise above 115854.56 and hold.
To sustain the uptrend,
- The StochRSI indicator must show an upward trend. It must rise from the oversold zone.
- The On-By-Signal (OBV) indicator must show an upward trend. It must rise above EMA 1 and, if possible, above the High Line and remain there.
- The TC (Trend Check) indicator must show an upward trend. It must rise above the 0 point and remain there.
If the above conditions are met, the uptrend is likely to continue above 111696.21.
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The basic trading strategy is to buy in the DOM(-60) ~ HA-Low range and sell in the HA-High ~ DOM(60) range.
However, if the price rises in the HA-High ~ DOM(60) range, a stepwise upward trend is likely, while if the price falls in the DOM(-60) ~ HA-Low range, a stepwise downward trend is likely.
Therefore, the basic trading strategy should be a segmented trading approach.
This basic trading strategy principle was developed for trading on Heikin-Ashi charts.
Adding the M-Signal indicator on the 1M, 1W, and 1D charts allows you to see the overall trend.
The remaining indicators indicate support and resistance points or zones for chart analysis or trading strategies.
Trading is all about reaction, so understanding support and resistance points or zones is crucial.
However, you should interpret the charts based on core fundamental trading strategies.
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Thank you for reading to the end.
I wish you successful trading.
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- Here's an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I'll explain more in detail when the bear market begins.
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