The key is whether support can be found around 89294.25

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(BTCUSDT 1D chart)

This period of volatility is expected to last until November 22nd.

If the price fails to find support and rise near the M-Siganl indicator on the 1M chart after this period of volatility, it is likely to decline to the 69,000-73,499.86 level.

Therefore, the key question is whether it can find support and rise near the HA-Low indicator level of 89,294.25 on the 1D chart.

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(1M chart)

It is showing a downward trend, failing to reach the Fibonacci ratio 2.618 (133,889.92), which was considered the target level.

However, if the price maintains above the 69,000.0-73,499.86 level, it is expected to maintain an upward trend in the long term.

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(1W Chart)

If the price rises above the HA-High indicator, it is likely to form a stepwise uptrend.

Since a stepwise uptrend usually ends in a decline, this decline could be a sign of a bearish trend.

The M-Signal indicator on the 1M chart can be used as a benchmark for bullish and bearish trends.

Therefore, if the price remains below the M-Signal indicator on the 1M chart, it should be considered a bearish trend and a response should be considered.

However, considering the overall trend of BTC, the most important range is the 69,000-73,499.86 range. As long as it does not fall below this range, the price is expected to maintain an upward trend in the long term.

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Thank you for reading to the end.
I 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)

3-year bull market, 1-year bear market pattern

I will explain in more detail when the bear market begins.

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และใน:

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Check for support near the M-Signal indicator on the 1M chart

โดย readCrypto

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และใน:

การนำเสนอที่เกี่ยวข้อง

Check for support near the M-Signal indicator on the 1M chart

โดย readCrypto