Support and Resistance Zone: 68393.48-69031.99

10월 24일

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(BTCUSDT 1D chart)

The key is whether it can find support near 68393.48-69031.99 and rise above 71280.01.

If not, and it falls, you should check whether it finds support near 65920.71-67414.39.

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You should check if the StochRSI indicator is rising in the oversold zone and if the StochRSI EMA falls below 50 and changes to the state of StochRSI > StochRSI EMA.

This is because you should check at what point support and resistance are received when the state of StochRSI > StochRSI EMA changes.

That is, if it shows support around 68393.48-69031.99, it is because it is a time when additional purchases can be made.

If it shows resistance around 68393.48-69031.99, there is a possibility of another decline.

This is because if you refer to the previous movement of the StochRSI indicator, it can lead to a movement similar to a double decline.

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Since it touched the BW (100) section (68393.48-69031.99), it is better to approach it from the perspective that it will basically fall.

However, if it shows a price maintenance in this BW (100) section and the StochRSI indicator shows an upward movement in the oversold section, the possibility of additional increase increases.

Therefore, you should check whether additional purchases can be made by checking whether there is support near 69031.99.

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Volatility may occur depending on the location of the StochRSI indicator.
- When the StochRSI indicator falls in the overbought section
- When the StochRSI indicator is near the 50 point
- When the StochRSI indicator rises in the oversold section
Volatility may occur in the three areas above.

Due to this volatility, you can know how the movement will proceed in the future by checking whether there is support at the support and resistance points drawn on the chart.

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I think the coin market is likely to continue its upward trend unless USDT gaps down.

The gap down of USDC is likely to eventually cause the coin market to fall in the short term.

Therefore, I think it is better to trade from a short-term perspective until USDC stops its downward trend.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale upward trend will begin when it rises 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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10월 24일

노트

When I first started trading futures, I thought I could continue to make profits by switching between ups and downs.

However, as I continued to trade, I realized that it wasn't easy.

So, I tried hard to start trading at the highest and lowest points if possible.

However, I also realized that there were many cases where I couldn't hold out or that I was more likely to suffer a bigger loss.

So, I ended up trading near the beginning of the ups and downs.

My profits and losses decreased, but instead, I became more psychologically comfortable and started trying to ride the big waves.

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In the end, the only indicator I use to check the trend is the M-Signal indicator.

The simplest, but the best way to check the trend is the price moving average.

When the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart, that is, when it is in a regular array, it is relatively stable to trade with a buy (LONG) position.

In order to trade with a sell (SHORT) position as the main position, the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart, that is, when it is in a reverse array.

It is the simplest logic, but it is not easy to follow.

I think the reason is that the desire to make profits is strong.

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Therefore, I think it is good to check which trend is the current trend, determine the main position according to that trend, and trade with the main position if possible.

When trading against the main position, a short and quick response strategy is needed.

Since the StochRSI indicator has fallen below 50, it is time to find a time to trade (LONG).

However, looking at the price position, you may feel like you need to SHORT.

The arrangement of the price moving average line mentioned above resolves this conflict.