Volatility Period: Around April 4 (April 3-April 5)
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(ETHUSDT 1D chart)
The BW indicator is showing signs of rising as it shows support near the MS-Signal indicator.
Accordingly, the key is whether it can rise in the 3503-68-3675.23 section.
The volatility period for ETH is around April 4 (April 3-5).
(1M charts)
The important sections are around 3321.30 and 3900.73.
(1W chart)
The StochRSI indicator is falling from the overbought zone and is at the midpoint.
Accordingly, there is a possibility that volatility may occur, so transactions should be carried out cautiously.
I think the key will be which direction it deviates from the 3503.68-3962.19 section, which is an important section on the 1W chart.
Since the BW indicator is located in the overbought zone, it is maintaining a strong upward trend.
Accordingly, if the StochRSI indicator turns upward when the price is maintained in the current range, it is expected to form an upward trend again.
Have a good time.
thank you
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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.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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(ETHUSDT 1D chart)
Accordingly, the key is whether it can rise in the 3503-68-3675.23 section.
The volatility period for ETH is around April 4 (April 3-5).
(1M charts)
(1W chart)
Accordingly, there is a possibility that volatility may occur, so transactions should be carried out cautiously.
I think the key will be which direction it deviates from the 3503.68-3962.19 section, which is an important section on the 1W chart.
Since the BW indicator is located in the overbought zone, it is maintaining a strong upward trend.
Accordingly, if the StochRSI indicator turns upward when the price is maintained in the current range, it is expected to form an upward trend again.
Have a good time.
thank you
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M
1st: 43833.05
2nd: 32992.55
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Comment:
(ETHUSDT 1D chart)
TS - BW indicator's BW indicator is pointing to a strong downtrend.
Accordingly, caution is required when trading as it may lead to further declines.
However, we must not forget that the StochRSI indicator is located in a sideways or no change zone, so a reversal can occur at any time.
Even if the StochRSI indicator turns upward and rises, if the BW indicator does not rise, it is highly likely that it will eventually fall again, so a quick response is required when trading.
The 3321.30 point is the HA-High indicator point on the 1M chart, which is an important point.
Accordingly, the key is whether it can receive support and rise around 3321.30.
If not, and a further decline occurs, you should check for support around 0.5 (3097.94).
The upward trend continued on October 23, 2023, when it broke above the upper point of the box section of the HA-Low indicator.
If a further decline occurs this time, I think it is highly likely that a new HA-Low indicator will be created.
If a new HA-Low indicator is created, the key is whether it can be supported and rise near it.
The fact that the HA-Low indicator has been created means that it corresponds to a low point, so whether or not it is supported is very important.
Therefore, as this volatility period passes from April 3rd to 5th, we need to check whether it is supported and rises around 3321.30, or whether it falls further and a new HA-Low indicator is created.
Accordingly, caution is required when trading as it may lead to further declines.
However, we must not forget that the StochRSI indicator is located in a sideways or no change zone, so a reversal can occur at any time.
Even if the StochRSI indicator turns upward and rises, if the BW indicator does not rise, it is highly likely that it will eventually fall again, so a quick response is required when trading.
The 3321.30 point is the HA-High indicator point on the 1M chart, which is an important point.
Accordingly, the key is whether it can receive support and rise around 3321.30.
If not, and a further decline occurs, you should check for support around 0.5 (3097.94).
If a further decline occurs this time, I think it is highly likely that a new HA-Low indicator will be created.
If a new HA-Low indicator is created, the key is whether it can be supported and rise near it.
The fact that the HA-Low indicator has been created means that it corresponds to a low point, so whether or not it is supported is very important.
Therefore, as this volatility period passes from April 3rd to 5th, we need to check whether it is supported and rises around 3321.30, or whether it falls further and a new HA-Low indicator is created.
Comment:
This volatility period lasts until April 5th.
Accordingly, the key issue is whether there is support around 3321.30.
The next volatility period is around April 12 (April 11-13).
Accordingly, based on the 3321.30 point
The area around 3025.27 is the support area,
The resistance area is around 3900.73.
In order to continue the short-term upward trend, it must rise above the MS-Signal indicator, so it is necessary to check whether the price can be maintained by rising above 3503.68.
Accordingly, the key issue is whether there is support around 3321.30.
The next volatility period is around April 12 (April 11-13).
Accordingly, based on the 3321.30 point
The area around 3025.27 is the support area,
The resistance area is around 3900.73.
In order to continue the short-term upward trend, it must rise above the MS-Signal indicator, so it is necessary to check whether the price can be maintained by rising above 3503.68.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
Converting this to the value of the StochRSI indicator, it is divided based on 50 points.
When the StochRSI indicator or BW indicator is located in the 30-70 range, it means that it is located in a sideways range.
Accordingly, caution is required when trading as volatility is likely to occur when in this range.
If there are support and resistance points drawn on the 1M, 1W, and 1D charts on the price chart, you must check whether support or resistance is received at those support and resistance points and create a trading strategy for them.
Since the coin market often has large sideways or box sections, it is recommended to check the flow on a 1D chart or higher if possible.
Looking at the ETHUSDT chart, the 3321.30-3676.23 section can be seen as a sideways section or box section.