HA-High : If supported, the previous latest high can be updated
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(BTCUSDT chart)
The key is whether it can receive support and rise around 34110.32-34786.17.
If it rises, we need to check whether it can rise above 37253.81-38531.90.
This is because the 37253.81-38531.90 area is expected to be the first resistance area in the current upward trend.
(1W chart)
It is important to see whether a new candle is created and the HA-High indicator appears to be about to be newly created.
To do this, there must be an up and down shaking motion.
If there is no up and down movement, there may be an up and down movement around 38531.90, so you need to think about a countermeasure.
Therefore, when it falls after resistance near 38531.90, if the price is maintained above 29241.72-30767.38, it is expected to create a pull back pattern and rise again.
Therefore, in the 1W chart, which direction it will deviate from the 30767.38-38531.90 section is an important issue.
If it rises above 38531.90, this bull market is expected to end by rising to around 46431.5.
(1D chart)
The rise began with a rise above 29241.72-30767.38 and rose to the 37486.17-37779.56 range, which is the first important support and resistance range.
Additionally, since the HA-High indicator was created at the 34389.02 point, if it is supported and rises around this area, it is expected to renew the previous latest high.
In order to show a greater upward trend, the following conditions must be met.
In this chart, we believe that maintaining the price above the HA-High indicator meets the following conditions.
Therefore, an important question is what movement will cause the price to rise above the HA-High indicator on each time frame chart.
The HA-High indicator on the 1D chart is showing support as it is created at the current price position.
Accordingly, the short-term upward trend is expected to continue.
Next is whether the HA-High indicator on the 1W chart is generated from the current price position.
Because the RSI indicator has entered the overbought zone due to this rise, the possibility of a new HA-High indicator being created when it falls from the overbought zone has increased.
If a new HA-High indicator on the 1W chart is created, then we will continue the discussion.
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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.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
The key is whether it can receive support and rise around 34110.32-34786.17.
If it rises, we need to check whether it can rise above 37253.81-38531.90.
This is because the 37253.81-38531.90 area is expected to be the first resistance area in the current upward trend.
(1W chart)
It is important to see whether a new candle is created and the HA-High indicator appears to be about to be newly created.
To do this, there must be an up and down shaking motion.
If there is no up and down movement, there may be an up and down movement around 38531.90, so you need to think about a countermeasure.
Therefore, when it falls after resistance near 38531.90, if the price is maintained above 29241.72-30767.38, it is expected to create a pull back pattern and rise again.
Therefore, in the 1W chart, which direction it will deviate from the 30767.38-38531.90 section is an important issue.
If it rises above 38531.90, this bull market is expected to end by rising to around 46431.5.
(1D chart)
The rise began with a rise above 29241.72-30767.38 and rose to the 37486.17-37779.56 range, which is the first important support and resistance range.
Additionally, since the HA-High indicator was created at the 34389.02 point, if it is supported and rises around this area, it is expected to renew the previous latest high.
In order to show a greater upward trend, the following conditions must be met.
In this chart, we believe that maintaining the price above the HA-High indicator meets the following conditions.
Therefore, an important question is what movement will cause the price to rise above the HA-High indicator on each time frame chart.
The HA-High indicator on the 1D chart is showing support as it is created at the current price position.
Accordingly, the short-term upward trend is expected to continue.
Next is whether the HA-High indicator on the 1W chart is generated from the current price position.
Because the RSI indicator has entered the overbought zone due to this rise, the possibility of a new HA-High indicator being created when it falls from the overbought zone has increased.
If a new HA-High indicator on the 1W chart is created, then we will continue the discussion.
--------------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Note
The period of volatility started around November 2 (November 1-3) and lasted until around November 8 (November 7-9).Accordingly, as we go through this period of volatility, we need to look at which direction the price deviates from the 34110.32-34786.17 range to maintain the price.
Although it is currently on the rise, the volatility period is not over yet, so caution is needed when trading.
Note
The first period of volatility in November is coming to an end.
As you pass around November 8 (November 7-9), you need to check at which point or section the price is being maintained.
The HA-High indicator on the 1D chart is formed at 34389.02, so if the price holds above this point, it is expected to renew the previous latest high.
Note
I just realized I didn't update it.(BTCUSDT 1D chart)
As the period until November 9th falls under the volatility period, caution is required when trading.
The important range during this period of volatility is 34110.32-24786.17.
If the price holds above this range, it is expected to renew the previous high.
Accordingly, the key is whether there is an upward movement beyond the first section, 34786.17-37779.56.
If it falls below 34110.32, it will basically try to touch the HA-Low indicator.
Therefore, as the decline progresses, you should check whether the HA-Low indicator shows any movement toward new creation.
If not, there is a possibility that it will fall to around 26151.99, the current HA-Low indicator point.
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