Weekly and Monthly Forecast

2 days ago

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(BTCUSDT 1D chart)

The volatility period has ended.

The key is whether it can rise above 89294.25.

If not, we need to check for support near 69000-73499.86.

(1W chart)

The following are important areas as the price falls below the third range:
- 116259.91-119086.64
- 87814.27-93570.28
- 69000-73499.86

A decline below the 69000-73499.86 range can be considered a long-term downtrend, so this is a very important area for now.

Therefore, as the price approaches the 69000-73499.86 range, we need to check for increased trading volume or the emergence of a new HA-Low indicator on the 1W chart.

If the HA-Low indicator is formed, it's important to determine whether there's support near it.

The basic trading strategy is to buy in the DOM(-60) ~ HA-Low range and sell in the HA-High ~ DOM(60) range.

If the price rises near the HA-Low indicator and moves toward the HA-High indicator, the wave should be considered closed (reset).

Conversely, if the price falls near the HA-High indicator and moves toward the HA-Low indicator, the wave should also be considered closed (reset).

A closed (reset) wave means that the trend has been reestablished.

Therefore, as mentioned earlier, the basic trading strategy is created.

However, if the price rises in the HA-High ~ DOM(60) range, a stepwise uptrend is likely, while if the price falls in the DOM(-60) ~ HA-Low range, a stepwise downtrend is likely.

The end of a stepwise uptrend is a decline, and the end of a stepwise downtrend is a rise.

Therefore, a decline after encountering the HA-Low indicator is different from a decline after encountering the HA-High indicator.

Therefore, a stepwise downtrend indicates a period of truncation buying, while a stepwise uptrend indicates a period of truncation selling.

During a stepwise downtrend, even if the price declines, there's an expectation that a price increase will occur soon, so you can increase the number of coins (tokens) representing profit.

This method involves trading at each purchase price and selling the same amount of coins (tokens) when the price rises, thereby increasing the number of coins (tokens) representing profit.

The coins (tokens) representing profit are those with a purchase price of 0, which can lead to significant profits later.

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A bullish trend can be considered when the price rises above the M-Signal indicator on the 1M chart and holds.

However, the point where you should actually buy is when the price rises above 108353.0.

Based on the current trend, the next volatility period is expected around December 23rd.

Therefore, you should check to see if the price holds above 89294.25 during the next volatility period.

Therefore, it appears likely that the price will move sideways to reverse the trend.

Based on the price movement, the start of a major bear market is expected to begin after the first quarter of next year.

However, if the price falls below 69000-73499.86, you should consider this a bear market and consider a response plan.

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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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6 hours ago

Trade active

#BTCUSDT

As the price rises, the HA-Low indicator on the 1D chart is showing signs of forming a new line.

Therefore, the key question is whether the price can sustain above 87944.84.

Since the M-Signal indicator on the 1M chart is nearby, we need to see if the price can rise above it and sustain itself.

Therefore, if the price finds support and rises around the 87844.27-93570.28 level, which we've marked as a key area, it would be a good time to buy.

The next period of volatility is around December 23rd, but the trend is likely to be determined by the trend formed around December 6th.