Important Support and Resistance Areas: 60672.0-61099.25
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The Chuseok holiday in Korea is until September 18th.
As a result, it is difficult to publish ideas.
I hope you have a healthy and happy holiday.
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It seems that funds are flowing into the coin market through USDT or USDC.
We need to check if the USDT dominance can fall below 5.55.
If not, the key is whether it can meet resistance near 5.89.
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Looking at the NAS100USD chart, it rose to the important point of 19582.6.
The key is whether it can rise above 19582.6 and receive support.
If not, we need to check whether it can receive support near 19143.2 in the first round.
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** Information on support and resistance zones is explained in the previous idea.
(BTCUSDT 1D chart)
I think this volatility period has just begun because it was set on the 1W chart.
This volatility period is expected to continue until September 29, so caution is required when trading.
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It is rising near 60672.0-61099.25.
The important thing now is whether the price can be maintained above the M-Signal indicator on the 1W chart.
To do so, the key is whether it can rise above 61099.25 and receive support.
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Since the StochRSI indicator has changed its slope in the overbought zone, it appears to be currently forming a high point.
Therefore, even if the price rises, a pullback pattern may occur, so we need to think about a response plan for this.
Therefore, whether there is support around 60672.0-61099.25 has become important.
Since the sell line of the superTrend indicator is formed around 60672.0, it highlights the importance of the 60672.0-61099.25 range.
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If a pullback pattern is shown, the key is whether it can receive support around the MS-Signal (M-Signal on the 1D chart) indicator and rise.
Accordingly, we need to check whether the price can be maintained above 57889.10.
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If it rises above 61099.25, it is important to see whether it can break through the 63118.62-64000.0 range.
If it fails to break through, it will form a high point and fall like after July 15.
At this time, if the price is maintained above the MS-Signal (M-Signal on the 1D chart) indicator, there is a high possibility that it will turn into an upward trend.
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I am talking about analyzing the BTCUSDT chart with several charts.
This is because I think that the fund flow in the coin market can be briefly judged by the movement of USDT, USDC and the flow of the stock market according to the launch of the ETF.
I think that it can be used to check whether the current support and resistance zone of BTC is supported based on the identified fund flow.
I think the Renko chart that I sometimes show you is excellent for checking support and resistance zones and trends.
However, since it is difficult to trade through the Renko chart, I think it is good to use it for checking trends or support and resistance zones.
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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 when it rises above 29K.
The section that is 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: 13401.28
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
(BTCUSDT 1D chart)
It is located near the M-Signal indicator on the 1W chart.
(4h chart)
Accordingly, it is necessary to check whether it can rise above 60672.0 or whether it is supported near 59053.55.
If it falls below 59053.55, it is necessary to check whether it is supported near the M-Signal indicator on the 1D chart, that is, near 57889.10.
Note
Money is continuously flowing into the coin market.
If the coin market falls, it is likely a temporary decline and it is expected to be a buying period.
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