HA-High Box Range: 62856.30-65618.80
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Since this is a chart for trading, there is nothing to analyze.
However, since the chart has been released, I think it is necessary to explain how to actually use it, so I will spend a few more times explaining this chart in the future.
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(BTCUSDT.P 1D chart)
In this chart, M-Signal indicators for 1M, 1W, and 1D charts have been added to check the trends necessary for chart analysis.
The 5EMA line of the 1D chart has been added for scalping and day trading.
- Basically, the point where you start trading is the BW (0), BW (100) line.
- Mid (50) line is the position conversion line.
- Low (20 UP), HIgh (80 Down) line are split trading points because they indicate the low and high points.
Since the Mid (50) line is showing signs of rising and being created, the key is whether the Mid (50) line can be supported around this area and rise above the High (80 Down) line.
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(1h chart)
If the price is maintained above the BW (100) line, it is likely to lead to a stepwise uptrend.
If it falls below the BW (0) line, it is likely to lead to a stepwise downtrend.
Since 5EMA on the 1D chart > M-Signal on the 1D chart > M-Signal on the 1W chart, if it is supported near the BW (100) line, it is expected to lead to additional rise.
However, if the StochRSI indicator enters the overbought zone, it is likely to decline over time.
In that case, you should check whether there is support near the High (80 Down) line.
Also, if the Mid (50) line is created near the price, you need to check whether you should switch the position.
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(BTCUSDT 1D Renko chart)
You can see that the 63000 point is an important support and resistance point.
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The point to watch is whether it can rise along the rising trend line (2) and receive support near 63515.05-64538.39.
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The 62856.30-65618.80 section is the box section of the HA-High indicator on the 1D chart.
Accordingly, if it receives support near 62856.30, it is highly likely that it will attempt to rise to the 64748.70-65618.80 section.
If it falls below 62856.30,
1st: 61099.25
2nd: HA-Low on 1D chart (currently 56204.13)
We need to check for support near the 1st and 2nd above.
The next volatility period is around November 4th.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin after it rises 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 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Note
USDC appears to have gapped up.
The point of interest is whether it can maintain above 26.153B and continue the gap uptrend above 35.739B.
Note
#BTCUSDT.P 1D
It is rising from the BW (0) line and is showing resistance near the High (80 Down) line.
At this time, the Mid (50) line is rising and appears to be about to be created.
Accordingly, if it rises above the High (80 Down) line on the 1D chart and receives support, it is highly likely to continue to rise.
In other words, it can be thought that the current uptrend is likely to continue.
#1h
It is falling from the BW (100) line and is showing support testing near the Mid (50) line.
Accordingly, if it fails to rise above the Mid (50) line, it is highly likely to continue to fall.
At this time, the key is whether there is support near the 5EMA on the 1D chart or the M-Signal on the 1D chart.
If the price is maintained near the Mid (50) line, volatility is expected to occur as the 5EMA line of the 1D chart rises and meets.
At this time, you should check whether the StochRSI indicator has entered the overbought or oversold zone and respond accordingly.
I think it is psychologically more stable to start trading at the BW (0) and BW (100) lines.
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