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(BTCUSDT chart)
(1M charts) The key is whether the price can be maintained by rising above 28465.36.
(1W chart) With this rise, the StochRSI indicator entered the overbought zone.
Accordingly, I think it has become important to determine at which point or section one receives support or resistance when exiting the overbought zone.
If the price rises and holds above the 29241.72-30767.38 range, a period of great volatility is expected to begin.
Conversely, if the price falls below 21258.0-23174.39 and holds, then a period of great volatility is expected to begin.
If a period of great volatility appears in an upward trend, it is expected to rise to around 46431.5.
However, there is a possibility of resistance around 38531.90, so caution is required at this time.
In any case, if large volatility appears in an upward trend, a test of the support zone will eventually occur.
Accordingly, I think there is a high possibility that a pull back pattern will emerge.
When this pull back pattern occurs, it is expected to be important to maintain the price above 29241.72-30767.38.
Conversely, if it falls below 21258.0-23174.39, I will let you know if there is any movement.
(1D chart) As it rose above 28142.85, there was a movement away from the 25131.48-28142.85 range, which is the box range formed by the HA-Low indicator.
Accordingly, if the price remains above 28142.85 after October 20th, it is expected to lead to a further rise.
However, if the upward trend continues, the HA-High indicator is expected to decline and be created.
If a new HA-High indicator is created, the key is whether it can be supported and rise from that point.
Accordingly, the 28797.1 point is expected to be an important support and resistance point.
** 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.
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Catatan
(BTCUSDT chart) Depending on the trend line changes, the volatility period is likely to change from around October 20th to around November 2nd-8th.
However, if the price is maintained above 28142.85 after October 20th, it is expected to show a further upward trend.
The 28465.36 point corresponds to the volume profile section of the 1M chart, so if support is confirmed around this area, it is expected to play an important role in turning the trend.
Accordingly, it is necessary to check whether there is support or resistance around 28465.36-28797.1.
The key is whether the price can be maintained by rising above 29241.72-30767.38 on the 1W chart.
Since the StochRSI indicator has entered the overbought zone, it is important to determine which point or zone it receives support or resistance when it leaves the overbought zone.
Currently, the 29241.72-30767.38 area is likely to act as a resistance area.
To break this trend, the price must be maintained near the downward trend line (2).
(BTC.D chart) Although we said that the day trading period is over, altcoins are still on the rise.
Accordingly, it may be thought that the day trading period is still being extended.
But, that's not the case.
The current trend only shows a temporary upward trend due to the rise in BTC price. As BTC price rises, altcoins will gradually sideways or show a downward trend.
The rise in BTC dominance will gradually shorten the time it takes for altcoins to maintain an upward trend.
Catatan
(BTCUSDT 1D chart) The StochRSI indicator has entered the overbought zone.
Accordingly, when the StochRSI indicator falls from an overbought range, it is important to determine which point or range it receives support or resistance from.
Just because the StochRSI indicator enters the overbought zone does not mean that it will immediately turn to a downtrend.
However, caution is required when the StochRSI indicator switches from a rising sign to a bearish sign.
Since the StochRSI indicator is a lagging indicator, there is no significant change before a new candle is created.
Therefore, we need to respond by checking whether support or resistance is received at the support and resistance points or sections formed at the point where the current price is located.
In that sense, it is becoming important to know which direction it deviates from the 27716.37-28797.1 range.
Catatan
(XEMKRW chart)
(1D chart) This chart shows that the StochRSI indicator is about to transition from rising to falling.
Accordingly, the HA-Low indicator corresponding to the support and resistance point, that is, whether it is supported or resisted around 36.0, has become important.
It is necessary to check whether support or resistance is received at these important support and resistance points.
After breaking upward through important support and resistance points, you should check whether support or resistance is received at the support and resistance points for at least 1 to 3 days.
Therefore, you need to be careful because if you rush to buy when the price is soaring, the average purchase price may be high and you may end up selling at a time when support and resistance points are identified.
Finding support and resistance at support and resistance points can be a tedious and frustrating time.
In fact, buying should proceed during these movements.
Catatan
(BTCUSDT chart) The key is which direction it will move away from the 27716.34-28797.1 range after around October 20th.
In particular, it is becoming important whether there is support or resistance around 28142.85.
Catatan
Catatan
Due to personal business, I would like to briefly tell you about my future movements.
If you have been following the previous ideas, you will already know this content.
(BTCUSDT chart) (1M charts) On the 1M chart, it shows an upward breakout of the 28465.36 point, which is the support and resistance point.
(1W chart) As it enters the 29241.72-30767.38 range on the 1W chart, it shows that it is about to enter a period of great volatility.
Accordingly, the key is whether the price can be maintained by rising above the downward trend line (2) and entering a period of great volatility.
(1D chart) It is showing a sharp rise, rising above 28797.1 on the 1D chart.
Accordingly, the key is whether it can receive support and rise in the 29850.45-31801.20 range, which is the box range based on the HA-High indicator.
Accordingly, it is becoming important to see whether the price can continue its upward trend along the rising trend line around 30766.51 during the next volatility period, around November 2nd - 8th.
Secondary purchase of altcoins is expected to be possible when the BTC price rises above 32K.
Although the day trading period has ended, the upward trend of altcoins appears to be continuing, but the upward trend is continuing as far as specific coins (tokens) are concerned.
This movement is expected to increase the likelihood that BTC will gradually sideways or decline if it maintains an upward trend.
You can think of this as meaning that as BTC rises, the rise of altcoins gradually decreases.
Therefore, from a mid- to long-term perspective, I believe that the secondary purchase of altcoins is the time to buy when BTC rises above 32K and shows an upward trend and a pull back pattern appears.
Even if the candle is closed today, if the Histogram indicator of the StochRSI indicator shows weakness, the current rise is not a rise to go up, but a rise to make a high, so caution is needed when trading.
However, the most important indicator in this chart is MS-Signal.
Therefore, if the MS-Signal indicator shows an upward trend and maintains the price above the MS-Signal indicator, The rise to create the aforementioned high is expected to be a movement that creates a pull back pattern.
This movement does not refer to a movement to transition from the period of great volatility mentioned in the previous idea to a full-fledged upward trend.
The pull back pattern to transition from a period of great volatility to a full-fledged uptrend should be a movement from the 1W chart, not a movement from the 1D chart.
Therefore, if we see any movement toward a pull back pattern to transition from a period of great volatility to a full-fledged uptrend, we will tell you in detail at that time.
There are two sections where a period of high volatility begins.
The sections are 21258.0-23174.39 and 29241.72-30767.38.
The period of great volatility that occurs as it falls below the 21258.0-23174.39 range is expected to be the driving force that can form a large bull market in anticipation of the BTC halving next year.
The period of great volatility that occurs as the price rises above the 29241.72-30767.38 range is expected to form a small bull market in the second half of this year, so the bull market facing the BTC halving next year is expected to be smaller than the expected increase.
Catatan
It is necessary to check whether the price can be maintained by rising above the downtrend line (2).
Catatan
(BSVUSDT chart) BSV is showing a lot of growth as BTC rises above 29K.
However, looking at the 1M chart, you can see that there is still a long way to go.
Looking at the 1W chart, a weak volume profile section is formed in the 65.139-96.513 section.
Therefore, the key is whether the price can be maintained by rising beyond this range.
Since the volume profile section is formed at the 147.469 point, the key is whether it can rise beyond this point.
Since the price is considerably higher than the current price, it is necessary to check how to turn it into an upward trend.
Catatan
(BTCUSDT 1D chart) StochRSI's Historgram indicator continues to be bearish.
Accordingly, it can be seen that the intensity of the decline is getting stronger.
If it encounters resistance around 29850.45, caution is needed as it may begin to decline.
At this time, the important thing is whether the price can be maintained above the MS-Signal indicator.
If support is confirmed near the MS-Signal indicator, it is expected to continue its upward trend.
These movements can be the movements that create a pull back pattern.
If this pull back pattern occurs during a period of great volatility, we expect a full-fledged upward trend to begin.
Since this pull back pattern is expected to result in a movement coming from the 1W chart, caution is required as thinking that a full-fledged uptrend will begin with a movement coming from the 1D chart may result in losses.
The pull back pattern that occurs when there is a period of great volatility rising above 38K corresponds to the period when everyone says the downtrend has begun, so it may not be an easy time to buy.
Therefore, I believe that not looking at community or news content during these pull back patterns will allow you to trade according to your own trading strategy.
A period of significant volatility is expected to begin when the price falls below 21258.0-23174.39 and rises above 29241.72-30767.38.
More details will be provided when the movement begins once we enter a period of high volatility.
Catatan
(BTCUSDT chart) It is becoming important whether the price can be maintained by rising above the downward trend line (2) drawn on the 1W chart.
Otherwise, if it meets resistance around 29850.45, it is expected to fall to around 28797.10.
If the price remains near the MS-Signal indicator, it is expected to create a pull back pattern.
The next period of volatility will be around November 2-8.
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