Support around 61099.25 is the key point
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(BTCUSDT 1D chart)
It is showing a decline below the important section of 61099.25.
Accordingly, it is important to see whether it can rise above 61099.25 and receive support.
If not, and it falls below 60672.0,
1st: 59053.55
2nd: 56150.01-56950.56
We need to check whether there is support near the 1st and 2nd levels above.
This volatility period is until October 11th.
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(Chart under test)
We are testing a new tradable chart by changing the existing DMI+OBV indicator to the BW indicator format.
We will provide a detailed explanation after the test is completed.
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USDC is showing a short-term downtrend as a gap decline occurs.
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(NAS100USD 1D chart)
It is supported near 19582.4 and then rose again to near 20313.8.
We need to check whether there is support near 20313.8.
(Chart under test)
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Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising above 29K.
The expected range to touch 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
#BTCUSDT
BW, OBV touched the lowest point.
Accordingly, we need to check where the candle closes today.
If a new candle is created and the BW line is created or OBV shows an upward trend, an aggressive buy is possible.
(Chart under test)
BW v1.0 indicator is at the midpoint (50).
Accordingly, we need to check which direction it moves from the midpoint.
Note
They said they were going to sell the BTC seized by the US government, and it looks like the selling has started.
Since USDC is likely to be US capital, it seems that the US government is also selling through USDC.
The important support and resistance level for USDC is 32.435B.
If possible, I hope it will turn upward above 26.153B.
Since USDT has not gapped down yet, we need to check if it can eat up all the selling volume.
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