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The next volatility period is around November 4th.
At this time, the point to watch is in which direction it deviates from the range of (54.7K-56.1K) ~ (64.7K-66.6K).
- This volatility period is about to end.
We need to check if it can be supported around 62856.30.
If it receives support near 62856.30, it will enter the box section of the HA-High indicator on the 1D chart, so it is expected to lead to an upward trend to break through the 64748.70-65920.71 section.
Otherwise, if it falls, we should check whether there is support near 61099.25.
In particular, if the price is maintained above 61759.99, it is expected to show an additional upward trend as it will maintain the state of M-Signal on the 1D chart > M-Signal on the 1W chart.
In any case, in order for a full-fledged upward trend, a stepwise upward trend, to begin, the price must be maintained above 64748.70-65920.71.
Since the BW indicator is expected to create a horizontal line at the lowest point (0), the point of observation is whether there is support at the BW line point that is created this time.
- (Chart under test) (BTCUSDT.P 1D chart) This is a chart for use below 1D charts, but the trend of the 1D chart is important, so be sure to check it before starting a trade.
The mandatory items in the BW+ indicator are BW 100, BW 0, and Mid (50).
The High (80 Down), Low (20 UP) indicators are optional.
The core interpretation method of the BW+ indicator is 1. Buy (LONG): Start trading at the BW 0 line and end trading at the BW 100 line.
2. Sell (SHORT): Start trading at the BW 100 line and end trading at the BW 0 line.
3. The Mid (50) line is the position conversion line.
Therefore, since the current BW 100 line has been created, it is time to liquidate the long position entered at the BW 0 line.
However, you can decide whether to completely close the transaction by selling 100% or to sell in parts and watch the situation.
- Since the BW 100 line has been created, you can proceed with selling (SHORT) as the second key interpretation method.
However, as I mentioned earlier, the trend of the 1D chart is important.
Currently, the M-Signal indicator of the 1D chart has risen above the level and is showing signs of turning into an upward trend.
Therefore, a short and quick response is required when entering a short (SHORT) position.
This is because you will be trading against the trend of the 1D chart.
- Since it is a futures transaction, you may think that you should trade on a low time frame chart, but that is not necessarily the case.
The lower the time frame chart, the more frequent the fluctuations, making it difficult to maintain a position.
Therefore, it is important to select an appropriate time frame chart according to the leverage and funds you have chosen.
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A gap down occurred in USDT.
We need to check if the gap down occurs continuously.
We need to check if USDC is maintained above 26.153B and if the gap downtrend stops.
Although the coin market is trend-following, the volatility caused by the movement of funds has a great influence on forming a trend.
Therefore, I think that chart analysis should not be done only with trends.
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(NAS100USD 1D chart) BW line was created at 20287.1.
Therefore, if it fails to rise above 20313.8, it is expected to fall.
The important support and resistance area in the decline is around 19582.6.
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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Nota
Nota
USDC is showing a gap up.
The point to watch is whether USDC can be maintained above 26.153B.
I think the gap up of USDT or USDC is a trace of funds flowing into the coin market.
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