Check if StochRSI shows a trend reversal

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(BTCUSDT chart)
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(1M charts)
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We have entered the 32917.17-59053.55 box section.

Accordingly, the key is whether it can receive support above 32917.17-34110.32 and rise above 37253.81.


(1W chart)
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It showed a large increase, rising above the 29241.72-30767.38 range.

Accordingly, the key is whether it can rise above 38531.90.

If not, you need to see if you can move up along the uptrend line.


If it rises above 38531.90, I think a trend reversal will occur around 46431.5.

therefore,
1st: 38531.90
2nd: 46431.5
The important factor is whether support or resistance is received around the first and second positions above.


It is also important to consider whether a pullback pattern will be created with 29241.72-30767.38 as the boundary, or whether the price will turn into a downward trend.


(1D chart)
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When looking at the big picture,
1st: 34786.17-37779.56
2nd: 44200.0-476.0
There are 1st and 2nd important support and resistance sections above.

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To do so, the key is whether it can receive support and rise around 32917.17-34110.32.

The volatility period is around November 2nd - 8th.

Accordingly, it is necessary to check at which point or section there is support or resistance after this period.


Since the StochRSI indicator is showing a downward trend, it is necessary to check whether the downward trend is maintained even when a new candle is created.

If the downward trend continues, the current movement is likely to be a movement aimed at creating a high.

Since this movement has the potential to create a pullback pattern, the key is whether it can support and rise near the MS-Signal indicator, that is, around 29850.45-31804.20.

If a pull back pattern is created this time and it rises, it will be the first time to buy BTC or ETH after BTC rises above 29K.


If you have purchased some BTC or ETH below BTC 29K, it is recommended to make a secondary purchase of the altcoin you own from a mid- to long-term perspective.

However, it is doubtful whether altcoins will see a large decline in this pull back pattern, so you should decide your investment proportion based on the decline.

From a mid- to long-term perspective, I think the secondary purchase period for altcoins should be around BTC 32K-43K.

Therefore, caution is required when making secondary purchases of altcoins as you may miss better opportunities if you invest too quickly and with a large investment proportion.


In fact, I think it is best to purchase altcoins when BTC's full-fledged upward trend begins.

However, the reason why I say that altcoins should be purchased three times over such a long period of time is to increase the number of coins (tokens) corresponding to profits through day trading or short-term trading, or to increase cash profits. This is to obtain.

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- The big picture
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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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注释
(BTCUSDT chart)
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A period of volatility is approaching.

This period of volatility is expected to begin around November 2 (November 1-3).

Accordingly, it is necessary to check which direction it deviates from the currently located section, 34110.32-34786.17, to indicate support or resistance.


The M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart have crossed a golden cross.

Accordingly, if it meets resistance and falls in the 34110.32-34786.17 range, it is important whether it rises along an important trend line near the MS-Signal indicator.

Additionally, it is necessary to check whether support is received around 29850.45-31804.20.


The 34786.17-37779.56 section corresponds to the support and resistance section.

Therefore, the key is whether the price can be maintained by rising above 34786.17.
注释
(BTCUSDT.P 1D chart)
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The StochRSI indicator is expected to enter the oversold zone in the near future.

Accordingly,
1st: 34135.3
2nd: 32853.8
It is necessary to check whether there is support or resistance around the 1st and 2nd positions above.

When entering and exiting an oversold area, it is important to check at which point or section you receive support or resistance.


therefore. Consider whether it is possible to secure profits by selling altcoins with low returns.

Or, you can think about a response plan when the price falls.
注释
(BTCUSDT 1D chart)
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The key is whether the price can be maintained by rising above 34786.17 even after this period of volatility.

The StochRSI indicator is expected to enter the oversold zone.

Accordingly, it is necessary to check whether it is possible to escape the oversold zone during this period of volatility.
注释
(BTCUSDT 1D chart)
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It shows that the StochRSI indicator and the Histogram indicator have switched to upward signs.

Accordingly, as the volatility period passes, it is necessary to check in which direction it deviates from the 34110.32-34786.17 range.


(1M charts)
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As a new candle is created, the StochRSI indicator shows that it has switched to an upward sign.

Accordingly, in order to maintain this trend, it is necessary to check whether the price can be maintained around 34110.32.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

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