Next Volatility Period: Around August 14th - 18thHello, traders.
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(1M Chart)
You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section.
If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading.
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(1W chart)
If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart.
Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated.
If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located.
However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart).
If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support.
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(1D chart)
It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section.
This short-term falling channel is a channel made up of high-point trend lines.
Therefore, if it falls from this channel, it is thought that it is likely to record another large decline.
That is why the key is whether there is support near the 1783.0-2159.0 section.
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When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible.
Currently, the HA-Low indicator is formed at the 3079.59 point.
However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point.
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The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points.
Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range.
If it falls,
1st: 2159.0
2nd: 1783.0
You should check whether there is support near the 1st and 2nd above.
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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 range 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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