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(BTCUSDT 1M chart) There is now one day left until a new candle is created.
The current StochRSI indicator is rising below the midpoint (50).
We need to check what the StochRSI indicator will look like when a new candle is created.
I have marked three sections as important support and resistance sections on the 1M chart.
If it falls below the second section, it is likely to turn into a downtrend, and the strong support section at this time is the third section.
- (1W chart) The next volatility period is the week around October 7th.
So, September 30th - October 13th.
The important sections on the 1W chart are 69648.14, 65920.71, 61099.25, and the M-Signal on the 1M chart.
The StochRSI indicator has risen above the midpoint (50).
Therefore, it is necessary to check whether it will enter the overbought zone when a new candle is created.
Since the BW line is currently formed at 69648.14, it is important to check whether there is support near this point.
If it goes up a bit more, there is a possibility that a new BW line will be created, so if a new BW line is created, we need to check whether there is support near it.
- (1D chart) Among the volatility periods mentioned in the 1W chart, it is expected that full-blown volatility will likely occur between October 5th and 10th.
What is important to watch as this volatility period passes is whether it can fall below 56150.01 or rise above 66676.87-68249.88.
- It is currently located near the HA-High indicator on the 1W chart.
As I mentioned in the previous idea as an update, the StochRSI EMA indicator has never touched the 100 point.
Therefore, there is a very high possibility that the StochRSI indicator will be reset somehow.
Therefore, it is an important point to watch how the StochRSI indicator is initialized.
Since it is overheated, even if it shows a slight decline, the StochRSI indicator shows a downward trend.
In this movement, buying because the price is rising will make your psychological state unstable.
Therefore, it is necessary to check whether it can be supported at the lower point of the HA-HIgh indicator box (65441.08) ~ 65920.71.
If it falls without support, 1st: 64179.08 2nd: 61099.25 You should check whether it is supported at the 1st and 2nd points above.
When the StochRSI indicator falls in the overbought zone, there are cases where it immediately shows a downward trend and cases where it does not.
Currently, it seems that volatility is likely to occur when the StochRSI indicator is located near the midpoint (50).
At this time, I think it is important to know where it is supported.
- If it rises above 65920.71, 1st: 67614.25 2nd: 69648.14 We need to check whether it is supported near the 1st and 2nd above.
However, depending on whether the StochRSI indicator is initialized, there is a possibility that the upward trend will continue while creating a new wave, so we need to watch the situation.
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
#NAS100USD
StochRSI < StochRSI EMA status has been changed.
Therefore, it appears that the initialization of the StochRSI indicator has begun.
1. When falling in the overbought zone
2. When touching the midpoint (50)
3. When rising in the oversold zone
Volatility is likely to occur in the above three zones.
Note
#BTCUSDT.P 1h volume footprint chart
Note
#Session volume profile chart
This chart is easier to view than the volume footprint chart.
However, the volume footprint chart provides detailed information on buying and selling by section, while the session volume profile chart provides only general information.
You can choose the chart that suits you.
The interpretation method is similar to what is shown.
Note
#BTCUSDT 1W
A new candle has been created.
Since the BW indicator has not touched the lowest point (0) or the highest point (100), I think we cannot rule out further increases.
Therefore, we need to respond depending on whether there is support near 65920.71.
In case of an increase, we need to check whether there is support near 69648.14, which is the BW line point.
Note
#BTCUSDT 1D
The HA-High indicator is showing signs of falling and being created.
Accordingly, it is important to know where today's candle closes.
The fact that the HA-High indicator has been created means that a high point section has been formed.
Since the HA-High indicator is currently showing a downward trend, it can be interpreted that the high point is decreasing.
(Just looking at it, it shows a downward trend.)
If the HA-High indicator is newly created anyway, it is better to wait until the HA-High indicator box section is newly created.
It is better to think of creating a box section as confirming the strength of support and resistance for a certain period of time.
The M-Signal on the 1D chart is passing around 63.3K.
Therefore, even if it falls, the key is whether the price can be maintained above the M-Signal on the 1D chart.
Note
#BTCUSDT.P 1h
This time, we will have to watch to see if it can fall below the 5EMA on the 1D chart, touch the HA-Low indicator again, and rise.
If there is a rattle near the HA-High indicator of the newly created 1D chart, there is a possibility that the HA-Low indicator of the 1h chart will be newly created.
Therefore,
1st: 64716.7
2nd: 63964.2-64300.0
2nd: 62766.0-63088.3
We need to check whether there is support near the above 3 sections.
If it rises above 65922.3, it is expected to select the trend again near 67612.8-68215.5.
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