The next period of volatility is around October 3rd
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(BTCUSDT chart)
(1D chart)
If you bother to find out why there is resistance at the current position, you can see that it is because the change in the candle started at the current position.
This means that the current section corresponds to the support and resistance sections.
However, since the current support and resistance range may actually be a phenomenon caused by a lack of trading volume, I think it is insufficient to approach it in terms of support and resistance.
In any case, a move to break away from the current downward trend line has begun.
Therefore, in order to see that this movement completely broke away from the downward trend line, the price must be maintained by rising above the range of the M-Signal indicator on the 1W and 1M charts.
If this is not possible and the price re-enters the downward trend line, caution is required as it may lead to a further decline.
The box range at the current price position is 25131.48-27768.57.
Therefore, if you cannot break out of this section, it will eventually move sideways.
The next period of volatility is around October 3rd, so sideways are likely until then.
If it rises above 27768.57, you may think that it will lead to a big upward trend.
However, since support and resistance areas are formed around 28497.1 and 30495.92, there is a high possibility of resistance in these areas.
Therefore, if you buy when the price breaks above the current box range, it is expected that a quick response will be required.
Quick response means that the price rises and the trading volume increases, but at a certain point the price cannot rise any further, and then split sales.
If you look at real-time chart movements, you'll quickly see what I mean because you can see this at any time.
The auxiliary indicators below the chart are necessary to see when there is ambiguous movement like the present.
Ambiguity is when there are almost sideways movements.
As mentioned earlier, sideways movements may occur because the buying and selling trends are similar, or it may occur due to a decrease in trading volume.
But the most important thing is that someone is keeping prices current.
Therefore, if the price moves sideways rather than rising or falling, it is a meaningful movement.
The longer these sideways periods, the greater the likelihood of greater volatility, so if you are not doing day trading, you need to carefully observe movements in these sideways sections.
The indicator that the finger is pointing to on the secondary indicator is the StochRSI indicator.
It is necessary to check the price change when this indicator touches the overbought zone and falls.
This is not about confirming divergence.
The fact that the StochRSI indicator has entered the overbought zone means that the strength of the rise is strong.
Therefore, the strength of the increase is stronger than before, but the current price is lower than before.
Therefore, it can be interpreted that a deviation from the current price position is likely to cause significant volatility.
So, looking at the current indicator, we can say that an upward divergence has occurred.
However, I think it is not a good idea to use multiple interpretation methods with one auxiliary indicator.
Because there is a high possibility that your thoughts will get stuck on that indicator.
Therefore, when interpreting a secondary indicator, it is recommended to refer only to the core interpretation method by which the secondary indicator was created.
The key interpretation method of the StochRSI indicator is to look at the price movement when it enters the oversold or overbought zone and then exits the oversold or overbought zone.
What this means is that when the oversold zone deviates from the overbought zone, you need to check at what point you receive support or resistance and respond accordingly.
Therefore, it is not a good idea to trade when entering an oversold or overbought zone.
Whether the current BTC price rises or falls, movement is likely to occur in a short period anyway.
To break out of this movement, I think it needs to fall below 23732.66-24376.02 or rise above 28797.1-30495.92.
This is because the current movement is expected to continue until then.
Although I wrote down a lot of strange things, I think it is necessary information for studying charts.
Also, the reason for saying such absurd things is because there is a high possibility that BTC will move sideways.
--------------------------------------------------
- The big picture
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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1D chart)
If you bother to find out why there is resistance at the current position, you can see that it is because the change in the candle started at the current position.
This means that the current section corresponds to the support and resistance sections.
However, since the current support and resistance range may actually be a phenomenon caused by a lack of trading volume, I think it is insufficient to approach it in terms of support and resistance.
In any case, a move to break away from the current downward trend line has begun.
Therefore, in order to see that this movement completely broke away from the downward trend line, the price must be maintained by rising above the range of the M-Signal indicator on the 1W and 1M charts.
If this is not possible and the price re-enters the downward trend line, caution is required as it may lead to a further decline.
The box range at the current price position is 25131.48-27768.57.
Therefore, if you cannot break out of this section, it will eventually move sideways.
The next period of volatility is around October 3rd, so sideways are likely until then.
If it rises above 27768.57, you may think that it will lead to a big upward trend.
However, since support and resistance areas are formed around 28497.1 and 30495.92, there is a high possibility of resistance in these areas.
Therefore, if you buy when the price breaks above the current box range, it is expected that a quick response will be required.
Quick response means that the price rises and the trading volume increases, but at a certain point the price cannot rise any further, and then split sales.
If you look at real-time chart movements, you'll quickly see what I mean because you can see this at any time.
The auxiliary indicators below the chart are necessary to see when there is ambiguous movement like the present.
Ambiguity is when there are almost sideways movements.
As mentioned earlier, sideways movements may occur because the buying and selling trends are similar, or it may occur due to a decrease in trading volume.
But the most important thing is that someone is keeping prices current.
Therefore, if the price moves sideways rather than rising or falling, it is a meaningful movement.
The longer these sideways periods, the greater the likelihood of greater volatility, so if you are not doing day trading, you need to carefully observe movements in these sideways sections.
The indicator that the finger is pointing to on the secondary indicator is the StochRSI indicator.
It is necessary to check the price change when this indicator touches the overbought zone and falls.
This is not about confirming divergence.
The fact that the StochRSI indicator has entered the overbought zone means that the strength of the rise is strong.
Therefore, the strength of the increase is stronger than before, but the current price is lower than before.
Therefore, it can be interpreted that a deviation from the current price position is likely to cause significant volatility.
So, looking at the current indicator, we can say that an upward divergence has occurred.
However, I think it is not a good idea to use multiple interpretation methods with one auxiliary indicator.
Because there is a high possibility that your thoughts will get stuck on that indicator.
Therefore, when interpreting a secondary indicator, it is recommended to refer only to the core interpretation method by which the secondary indicator was created.
The key interpretation method of the StochRSI indicator is to look at the price movement when it enters the oversold or overbought zone and then exits the oversold or overbought zone.
What this means is that when the oversold zone deviates from the overbought zone, you need to check at what point you receive support or resistance and respond accordingly.
Therefore, it is not a good idea to trade when entering an oversold or overbought zone.
Whether the current BTC price rises or falls, movement is likely to occur in a short period anyway.
To break out of this movement, I think it needs to fall below 23732.66-24376.02 or rise above 28797.1-30495.92.
This is because the current movement is expected to continue until then.
Although I wrote down a lot of strange things, I think it is necessary information for studying charts.
Also, the reason for saying such absurd things is because there is a high possibility that BTC will move sideways.
--------------------------------------------------
- The big picture
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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
ノート
Even those who think that I don't trade because day trading doesn't suit me, seeing the prices of coins (tokens) fluctuating these days may make you think about trading too.However, the time for day trading is not far away.
Therefore, there is an increasing possibility that you will start a trade on the last finale rise and end up recording a loss.
Accordingly, it is a time to be cautious in transactions.
If you are still not trading, it is better to wait until significant volatility occurs.
If you start trading in an uncertain state and fail to react to price volatility, you may lose better opportunities, so you need to be careful.
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Other content (coins, stocks, etc.) is frequently posted on X.
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