Need to check whether it forms a support section

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In order to construct support and resistance, a volume profile section must be formed.

In order for a volume profile section to be formed, candles must appear concentrated in a specific section.

Accordingly, we need to consider whether BTC's current position is worthy of it.


スナップショット
If you look at the previous candle, it is located in the section where the high point was formed.

However, since the concentration of candles is not that high, its role as a volume profile section can be seen as weak.

Therefore, I think that the shaking in the current position should be interpreted as psychological support because it corresponds to the previous low point.


Therefore, it is necessary to check whether there is support or resistance in the current psychological support range, that is, around 24800.0-25166.0, the previous low point.

Determining whether you are supported or resisted is tedious and difficult.

These operations require at least 1 to 3 days to see movement.

The end of support and resistance confirmation operations are likely to follow a trend using three candles.

Therefore, in these turbulent sections, that is, areas where support and resistance are to be formed, it is recommended to take your time and check for candlestick patterns to be formed.


If it falls below 24800.0 and becomes resistance, there is a possibility of a sharp decline.

This plunge should be confirmed as support near 22963-22826.15.


Caution is required as rapid volatility may occur if the price fluctuates in the 23732.66-24376.02 range.

Therefore, caution is required as there is a possibility that the volatility generated by stopping in this section may be fake.


In normal cases, when a price falls, it often does not fall to the range that everyone expects.

Conversely, when it rises, it often does not rise to the range everyone expects.

This movement that breaks the normal case corresponds to the section where a new trend is formed, that is, the section with high volatility.

Therefore, the current expected decline range is 22963.0-22826.15.

Even if it falls further, it is expected that it will likely sideways again in the 22963.0-22826.15 range.


If it is supported and rises around 24800.0-25166.0, the key is whether it can rise above 26101.77-26189.99.

If not, even if it rises, it is expected to fall again.


If you encounter the MS-Signal indicator when rising, it is important to maintain the price above the MS-Signal indicator.

This is because in order to show an upward trend, it is highly likely that the MS-Signal indicator will start when it shows an upward sign.

To reiterate, this means that there is a high possibility that the rise will be stable.

Even if it starts to rise like this, caution is needed as the area around 26101.77-26189.99 mentioned above is likely to act as a resistance zone.

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- The big picture
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The full-fledged upward trend is expected to begin when the price rises above 29K.

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

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** 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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コメント
(BTCUSDT 1D chart)
スナップショット
The key is whether the price can be maintained by rising above 26101.77-26189.99.

The resistance area when rising is
1st: 26101.77-26189.99
2nd: 28797.1
It is necessary to check whether there is resistance around the first and second stages above.

The support zone in case of decline is
1st: 24800.00-25166.0
2nd: 22826.15-22963.0
You need to check if you receive support near the first and second levels above.


As a basic condition for an upward trend, the price must rise above the HA-Low indicator and above the MS-Signal indicator to maintain the price.

And, when an uptrend begins, the MS-Signal indicator should show a bullish sign.

Therefore, the area around 26101.77-26189.99 can be said to be an important support and resistance area for converting to an upward trend.
コメント
(BTCUSDT 1D chart)
スナップショット
The key is whether the price can be maintained above 26101.77-26189.99 and above the MS-Signal indicator.

The primary goal is whether the price can rise above the M-Signal of the 1M and 1W charts while breaking upward from the downward trend line.

The secondary goal is whether it can rise above 28797.1.
コメント
(BTCUSDT chart)
スナップショット
Expectations for further rises are increasing as it rises above 26101.77-26189.99.

However, if you compare the rise shown on August 20th with the current rise, the StochRSI indicator is at almost the same level.

Accordingly, it can be interpreted that if it fails to break upward from the downward trend line, it is highly likely that it will eventually fall below 26101.77-26189.99.


Since the coin market is currently in a day trading period, BTC's movement should be considered relatively slow.

Therefore, this means that no matter how much BTC falls, drastic movements are unlikely to occur.

The currently formed box section is believed to be formed from the 24800.0-25166.0 section to the 27587.51-28142.85 section.

Therefore, there is a possibility that it may turn into a sharp movement when it deviates from this section.


If we calculate the volatility period from the current trend, it is expected to be around October 3rd.


If it does not break out of the box section before then, the day trading period is expected to continue.
コメント
(DXY chart)
スナップショット
If DXY rises above 105.664-106.416, caution is required as the investment market may enter a recession.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

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