Entering a period of great volatilityHello?
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(BTCUSDT 1W chart)
As it rises above the 29241.72-30767.38 range, we are entering a period of great volatility.
Accordingly,
The resistance section is
1st: 38531.90
2nd: 46431.5
It is expected to be around the first and second rounds above.
However, even if it falls, it must be supported around 29241.72-30767.38.
If not, it is likely to fall towards the 21258.0-23174.39 area, so selling is necessary to secure profits.
The maximum rise during periods of high volatility is expected to be around 46431.5.
However, depending on how it breaks above 38531.90, there is a possibility that it will form a high around 38531.90 and then fall.
Accordingly, you should check the trading volume when it rises above 38531.90.
In order for a period of high volatility to proceed normally, the price must be maintained above the 29241.72-30767.38 range.
Otherwise, if it touches below 29241.72-30767.38 even once, there is a high possibility of a short-term decline, so a countermeasure is needed.
We don't yet know when this period of high volatility will end, but it is expected to end with a decline to create a large pull back pattern.
If so, the low point to create a large pull back pattern is expected to be near the MS-Signal indicator.
Therefore, as the price rises, the MS-Signal indicator is expected to rise and eventually form a low point around 29241.72-30767.38, the section where the period of great volatility began.
(1D chart)
It shows an upward trend above the box range of 29850.45-31804.20.
Accordingly, it becomes important to be able to maintain the price above 30495.92-30766.51.
The next period of volatility will be around November 2-8.
(4h chart)
The key is whether the upward trend continues along the upward trend line after around October 26th.
As BTC appears to be breaking above its recent high, altcoins are also showing an upward trend.
However, if BTC rises above 32K and continues to rise, altcoins are expected to gradually sideways or begin to decline.
Accordingly, from a mid- to long-term perspective, the secondary purchase period for altcoins is expected to take place between 32K and 43K BTC.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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