Entered the important Fibonacci ratio point 2.618 - 1.618

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(BTCUSDT 1D chart)

It has risen by more than 10% for the first time in a long time.

It has touched the target range of 2.618 (87814.27) ~ 1.618 (89050.0).

Accordingly, it is expected to determine the trend again.

If there is an additional sharp rise, it is possible to touch the area around 3.618 (98841.11).

The next volatility period is around November 16 (November 15-17).

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(1h chart)

The creation of the BW(100) line means that a high point has been formed.

Therefore, when the BW(100) line is created, it will mostly show a downward trend.

However, since we do not know how much it will fall, we need to check the movement at the support and resistance points.

In addition, when a real decline begins, it ignores all support and resistance points and falls, so in fact, the support and resistance points do not have much meaning.

However, it can be used as a location to proceed with a split sell.

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We have several indicators that can respond to the decline.

BW(100), HA-High, StErr Line, MS-Signal (M-Signal on 1M, 1W, 1D charts), and 5EMA on 1D charts are included.

The first to appear among these are BW(100) and StErr Line.

The next to appear are HA-High and MS-Signal.

Therefore, when it falls below a certain indicator, you can choose whether to sell in installments or buy more.

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Since BTC has risen by more than 10%, it is highly likely that it will move sideways in the current section.

At this time, the point to watch is whether the HA-High indicator rises and is created.

When the HA-High indicator is created, it will be easier to respond because it creates a box section.

However, since there is a process of shaking up and down to form a box section, caution is required at this time.

This is because it is not possible to know whether a box section is formed or a decline is in progress.

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Have a good time.
Thank you.

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- Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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交易進行

#BTCUSDT.P

When the bull market starts, I think it is better to focus on the movement of the spot chart rather than the futures chart.

However, I am telling you this because the current volume profile section is moving from 66750.0 to 88728.9.

Therefore, I think it is highly likely that the trend will be determined again around 88728.9.

The next volatility period is around November 16th (November 15th-17th), which is the same as the spot chart.

註釋

#BTCUSDT

The volatility period is expected to be around November 16-19 (maximum November 15-20).

註釋

It is expected to have almost reached the high point.

Accordingly, I think it is highly likely that it will start to shake up and down.

Therefore, I think it is time to think about how to proceed with profit taking.

It is not yet known whether it will create a pull back pattern or show a large downtrend.

Even if it rises like this, it is highly likely that it will fall immediately, so caution is needed when making new trades.

註釋

#SUIUSDT.P

The point to watch is whether the BW(100) indicator is generated at the 3.2766 point.

If the BW(100) indicator is generated at the 3.2766 point when the candle is generated tomorrow, there is a high possibility that it will lead to an additional decline, so whether there is support near 3.2766 is the key.

If the decline progresses, you should check whether there is support near the M-Signal indicator on the 1D chart.

If it rises and the BW(100) indicator disappears, you can choose whether to proceed with the transaction depending on how to buy when the 1D chart is a downward candle.

註釋

If there are coins (tokens) that were sold in this decline, you should check whether you can buy more according to the movement, as this is the volatility period of November 16-19.

If a BW (100) line is created on the 1D chart, you should check whether there is support near the BW (100) line and respond.

In other words, if it encounters resistance and falls, you need to check whether you can sell (SHORT).

As I mentioned in this idea, as I said that there may be a shakeup as the volume profile section is formed, it is expected that you will be able to know whether this decline is such a movement by looking at the newly created candles tomorrow.