Pull back is a pattern that can be recognized after it is formed

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(BTCUSDT 1D chart)

The HA-High indicator is showing signs of being created at the 69843.04 point.

Accordingly, the point of observation is whether it can receive support and rise near the 69843.04-70148.34 section.

We need to check whether the StochRSI indicator falls below 50 due to this decline.

When the price is supported in the 68393.48-70148.34 range, if the StochRSI indicator remains below 50 and StochRSI > StochRSI EMA, it is a time to buy.

Basically, if the StochRSI indicator is above 50, it is better to focus on finding a time to sell, and if it is below 50, it is better to focus on finding a time to buy.

In particular, you should focus more when it is in the overbought and oversold ranges.

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The MS-Signal indicator consists of M-Signal and S-Signal.

Since S-Signal is currently in the 66668.65-68393.48 range, it is possible to touch this range and rise, so caution is required when trading.

Therefore, it is better to check the movement when the state of M-Signal < S-Signal is changed.

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(BTCUSDT.P 1D chart)

If it falls below 68447.9, liquidation is required for positions purchased (LONG) below 67044.1.

In other words, if the first installment liquidation was performed above 69835.3, the second installment liquidation is required around 68447.9.

Then, when it shows support in the 68447.9-69835.3 range and the StochRSI indicator is below 50 and StochRSI > StochRSI EMA, you can make an additional purchase (LONG).

It is recommended that this additional purchase (LONG) be made below 69835.3.

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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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ノート

#BTC.D 1D

It is showing a downward trend below the StErr Line.

The point to watch is whether it can record a downward trend like this.

ノート

An indicator can be said to be expressed by applying a formula to the price and trading volume values.

Charts such as Heikin-Ashi, Renko, and Line Break are also indicators because they are charts created by applying formulas to price and volume values.

There are limits to conveying your thoughts to others without using indicators or chart tools.

If you properly understand the definition of indicators and use indicators that are right for you, you will definitely get good results.

ノート

#BTCUSDT 1D

Be careful when trading because the volatility period is around November 4th (November 3rd-5th).

If it is supported in the 68393.48-70148.34 section, it is a time to buy.

#BTCUSDT.P 1D

It was liquidated by touching the 68447.9 point for buying (LONG) below 67044.1.

Therefore, it is necessary to check whether trading can be conducted based on the 68447.9 point during this volatility period.

Currently, the StochRSI indicator has fallen below 50, and it seems likely to enter the oversold zone with this decline.

Therefore, whether there is support near 68447.9 is an important issue.

ノート

If it falls from the 68447.9 point, I think it is highly likely that it will shake in the volume profile area formed around 66750.0.

There is no specific point where you can decide where to start trading because it depends on your investment style.

However, you can choose a good point to start trading.

We think that if there is support near HA-Low, BW(0), it is a buying period, and if there is resistance near HA-High, BW(100), it is a selling period.

Also, if the StochRSI indicator is above 50, we focus on finding a time to sell, and if it is below 50, we focus on finding a time to buy.

We think about the movement of the indicator in this way and observe the movement of the chart to decide the trading period.

Currently, November 3-5 is a period of volatility, so you should check where support and resistance are at this time and create a trading strategy based on that and proceed with the transaction.

When conducting a transaction during a period of volatility, a short and quick response is required, so if you do not have enough time or cannot place a reservation order in advance, it is recommended not to start the transaction.

ノート

#BTCUSDT 1h

After 5 hours, a linear regression channel will be drawn based on the candles pointed to by the arrows.

At this time, the point to watch is whether the channel turns upward.

If it does not show signs of turning upward, it may lead to further decline, so caution is required when trading.

#BTCUSDT.P 1h

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