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(BTCUSDT 1D Chart)
This volatility period is around September 19th (September 18th-20th).
As this period of volatility progresses, we need to examine the direction in which the price deviates from the 115,854.56-119,177.56 range.
As previously mentioned, the key ranges are 87,814.27-93,570.28 and 104,463.99-108,353.0.
Therefore, if the price falls below 115,854.56, we need to check for support near these key levels.
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It's perhaps natural for trading volume to decrease after a new ATH (Any New High).
If a new ATH (Any New High) is met with high trading volume, it could indicate a significant amount of profit-taking, increasing the likelihood of a downward trend.
Therefore, I don't think it's wise to interpret the current decline in trading volume as a sign of a decline.
We're using the On-By-Volume (OBV) indicator, which helps us understand the movement of trading volume, so we can roughly gauge the current trading volume trend.
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The HA-High ~ DOM(60) range on the 1D chart is 115854.56-119177.56, and the HA-High ~ DOM(60) range on the 1W chart is 116259.91-119086.64.
Since these two resistance levels overlap, a breakout above this level suggests a potential surge.
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Thank you for reading to the end.
We wish you successful trading.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
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Note
#BTCUSDTThe key question remains whether the price can rise above the 115,854.56-119,177.56 range.
If the price trend continues and falls below 115,854.56, it will be crucial to find support near 111,696.21.
If support fails to be found near 11,696.21, a decline below 104,463.99 is highly likely.
The next period of volatility is around September 28th (September 27th-29th).
Transaction en cours
#BTCUSDTETH is trending downward after this volatile period.
The key question is whether it can rebound after the upcoming BTC volatility period, around September 28th (September 27th-29th).
Therefore, it is crucial to find support and move upward around the 104463.99-108353.0 range.
If not, it could decline until it meets the M-Signal indicator on the 1M chart.
If this decline triggers the DOM (-60) or HA-Low indicator, the presence of support near those areas will be crucial.
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YouTube: youtube.com/@readcrypto9837
※ Follow X to check out the posts.
※ X를 팔로우하고 게시물을 확인하세요.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
※ Follow X to check out the posts.
※ X를 팔로우하고 게시물을 확인하세요.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.