This volatility period runs until November 9th

٨ نوفمبر ٢٠٢٣

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(BTCUSDT chart)


(1D chart)

The high point formed on November 2 has not yet been renewed.

However, since the lows continue to rise, it is necessary to check whether the highs can be renewed on November 9, the last day of this volatility period.


If it fails to renew the high point and falls below the 34110.32-34786.17 range, it is likely to fall to around 31804.17-32917.17.

At this time, it is important to see support near the MS-Signal indicator or important trend lines.

If support is confirmed, it is likely to create a pull back pattern, so I think it will be the first buying period after BTC rises above 29K.


Identifying support and resistance is always a difficult and difficult task.

Therefore, if your psychological state is unstable, there is a possibility that you will not be able to endure the period to check support and resistance and proceed with trading in the wrong direction.

Therefore, if you believe that your psychological state is unstable, you should make your psychological state stable by organizing coins (tokens) with low profits or losses.

When liquidating coins (tokens) that are recording low losses, coins (tokens) that are making a corresponding profit must be sold to make the actual profit and loss more than 0.

Otherwise, if you only liquidate coins (tokens) that are recording losses, a high loss rate will be displayed in your account, which may make your psychological state more unstable, so you need to be careful.


Once this period of volatility concludes, the next period of volatility will be around November 27th.

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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.

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٩ نوفمبر ٢٠٢٣

ملاحظة

There is a gap of about 13% between the M-Signal indicator of the 1W chart and the M-Signal indicator of the 1D chart.


Accordingly, if it fails to rise above 37779.56-38746.63, it is expected to fall.

For this decline to turn into a downtrend, it must fall below 29241.72-30767.38.

Therefore, if the decline begins, you should check to see if it creates a pull back pattern.

No matter how much you invest from a mid- to long-term perspective, when there is a rapid rise, you need to sell a portion of the investment to confirm your profit in order to maintain psychological stability when the price falls.

Otherwise, there is a possibility that you will end up making a wrong deal as you will continue to regret it.


How to realize profit when selling in installments
1. Selling to earn cash profits
2. Selling to increase the number of coins (tokens) corresponding to profit
Just choose one of the two above and create a trading strategy suited to your situation.

٩ نوفمبر ٢٠٢٣

ملاحظة

It shows an increase of more than 37K on the last day of the volatility period.


The first resistance area is around 38745.63, that is, 37779.56-38745.63.

Accordingly, it is believed that the point where split sales is possible is from the 37160.10 point.


The second resistance range is the 44200.0-47600.0 range.

Accordingly, it is believed that the point where split sales is possible is from the 43160.0 point.


If it falls below 37486.17, it is likely to lead to a further decline, so a countermeasure is needed.

However, if it does not fall near the MS-Signal indicator or below an important trend line, it is expected to create a pull back pattern, so you should also think about countermeasures against this.


The next period of volatility is around November 27th.

٩ نوفمبر ٢٠٢٣

ملاحظة

(BTCUSDT.P 1D chart)

If it falls below 37243.4 and meets resistance, it is expected that a SHORT position can be converted.

٩ نوفمبر ٢٠٢٣

ملاحظة

(BTCUSDT chart)


(ETHUSDT chart)


Even though BTC has fallen, ETH appears to be defending its price.

If BTC does not take the lead again and continue its upward trend, I think the coin market will eventually decline.

Therefore, the key is whether BTC can rise above 37160.10 again and receive support.

١٠ نوفمبر ٢٠٢٣

ملاحظة

(USDT.D 1D chart)

It has entered the 5.89-6.39 range, showing that an uptrend is about to begin.

However, there are cases where USDT Dominus pretends to fall but then rises, so caution is still needed when trading.


In a rising market, it is recommended to buy when the candle on the 1D chart is a falling candle.

If you make a breakout trade during a rising market, you may incur a loss as soon as you purchase, so you need to react quickly.


(BTC.D chart)

Unless BTC surges, it seems unlikely that BTC dominance will rise.

Therefore, unless BTC dominance rises above 53.65, an altcoin bull market is expected to begin when USDT dominance falls below 5.89.

When an altcoin bull market begins, no matter which altcoin you purchase, it will eventually rise, so it is best not to switch to another altcoin if the altcoin you purchased does not rise.


(BTCUSDT 1D chart)

The period of volatility around November 2nd - November 8th ended.

The next period of volatility is around November 27th.

Therefore, the question is whether the price can be maintained above 38745.63 beyond the next period of volatility.

If not, and it falls, you need to check whether the price is maintained near an important trend line.