This volatility period is until November 5th

Nov 3

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When a new candle is created on the 1W chart, I will explain it in an update.

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(BTCUSDT 1M chart)

If the BTC price touches around 89K, it is expected that it will never be below 42K again.

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As the new month begins, the StochRSI indicator is showing an upward turn.

However, since the StochRSI EMA is located around the 50 point, we can see that volatility still remains.

The point to watch is whether the price is maintained above the StErr Line and rises above 71280.01 to challenge the ATH.

The black line without any numbers indicates the upper or lower point of the box section of the HA-HIgh or HA-Low indicator.

The upper or lower point of the box section of the HA-Low and HA-High indicators on the 1M and 1W charts can be used as support and resistance points when trading.

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(1D chart)

While falling below 68393.48, it is touching the entire MS-Signal indicator and showing an upward trend.

Accordingly, it is thought that the possibility of support in the 68393.48-70148.34 section has increased.

Therefore, if support is confirmed in the 68393.48-70148.34 section, it is a time to buy.

As I mentioned in the previous idea, the pull back pattern is a pattern that can be recognized when it is completed.

Therefore, it is quite difficult to buy at the bottom of the pull back pattern.

That is why, when the decline begins after the rise, you have no choice but to check the importance of the support and resistance points drawn on the 1M, 1W, and 1D charts and think about countermeasures for them before preemptively trading.

Therefore, since the probability of failure is quite high, you must think about a loss cut or selling method before trading.

If you buy in the 68393.48-70148.34 section and it rises above 70148.34,
1st: 71280.01-72344.74
2nd: 73620.12
You must check for support near the 1st and 2nd above and respond.

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This volatility period is expected to start around November 4th and end around November 16th.

Accordingly, we need to keep an eye on the movements around November 4th (November 3rd-5th), November 10th (November 9th-11th), and November 16th (November 15th-17th).

In order to rise along the linear regression channel, the price needs to rise above 70148.34 to maintain its position, so whether it can find support and rise in the 68393.48-70148.34 range is key.

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We choose the time frame chart to trade according to our investment style and trade according to the movement of that chart.

Accordingly, we will look at the time frame chart to trade most of the time.

Also, since most trading charts are likely to be below 1D charts, there is a high possibility that you will trade without understanding the overall flow.

Therefore, before starting a trade, you must check and understand the flow of the 1D chart and then trade.

Otherwise, you may trade incorrectly due to fakes or sweeps when trading on time frame charts below 1D charts.

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Add the StochRSI indicator to the 1D chart.

Set the StochRSI indicator as shown in the picture above.

Then, you can check the movement similar to the StochRSI indicator that I use.

(The best way is to share my chart and paste the indicator into your chart.)

Then, if the StochRSI indicator is rising based on the 50 point,
- you should focus on finding the time to sell,
- if it is falling, you should focus on finding the time to buy.

Depending on the location of the StochRSI indicator, volatility may occur.
1. When falling in the overbought zone
2. When located in the 50 point zone
3. When rising in the oversold zone
When the above three movements occur, the price may show volatility.

If this volatility occurs at a time, you should check the movement of the 1D chart to avoid being caught in a fake or a sweep.

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The trend-based Fibonacci extension shown on the left was drawn at the point where this rise began.

Therefore, you can use it only as a reference for chart analysis.

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It doesn't matter which time frame chart you start trading on.

However, you can create a trading strategy that matches the investment period, investment size, trading method, and profit realization method according to the time frame chart and respond accordingly.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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Nov 4

Note

#BTCUSDT 1W

Looking at the current price position, we can see that there are two important support and resistance zones.

Accordingly, the point of interest is whether the StochRSI indicator can rise above 71335.47 and maintain the price before falling below the overbought zone.

In that case, when the decline proceeds below the overbought zone, it is expected that the support around 68393.48-71335.47 will be an important issue.

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If not, and it falls below 68393.48, we need to check the support around 57694.27-61099.25.

At this time, the important thing is whether it can rise along the M-Signal indicator on the 1M chart.

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In any case, if the price is maintained above the M-Signal indicator of the 1M chart, the upward trend will continue.

A very important volume profile section has been formed around 42K.

Accordingly, a drop below 42K should be seen as a huge panic sell in the coin market.

Therefore, it is expected that prices below 42K will be rarely seen in the future.