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Looking at past movements, there were cases where the current movement was shown near the peak of the uptrend.
In any case, when the StochRSI EMA rose to around 99 or above and then started to fall, the StochRSI indicator was reset after the additional rise occurred in most cases.
There were two cases where the StochRSI indicator did not reset after rising to the overbought zone and then rose to the overbought zone again.
In other words, if the StochRSI indicator did not reset and touched the overbought zone twice, you can see that the reset has mostly occurred.
If the current decline continues, it is likely to fall because it will become a double top.
The reason why it is so obsessed with this is because the StochRSI EMA has never touched the highest point (100) so far.
- Therefore, looking at the current position, the important support and resistance zone is the 65920.71-67614.25 zone, so it is expected that the StochRSI indicator will be reset as it receives resistance and falls in this zone.
At this time, it is expected that the support near the 63118.62-64000.0 zone will be the key.
This is because the M-Signal indicator on the 1D and 1W charts is expected to rise to this area.
- If it falls further, the 60672.0-61099.25 zone is expected to be a strong support zone.
The 61099.25 point is the HA-High indicator point on the 1M chart, so it is important to check whether it is supported.
- The next important support and resistance area is around the M-Signal indicator on the 1M chart.
Currently, the M-Signal indicator on the 1M chart is rising around 52.1K.
Therefore, if there is a movement as I mentioned earlier, the M-Signal indicator on the 1M chart is expected to rise around 56K.
- There are fewer cases of a sharp downtrend immediately following a strong overheating of StochRSI than expected.
Therefore, it is expected that there will be time to respond depending on whether there is support around the area I mentioned above.
These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55
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ملاحظة
#BTCUSDT
Since it is in an unprecedented overheated state, the StochRSI indicator is showing fluctuations even with a slight decline.
Accordingly,
When the StochRSI indicator
1. falls in the overbought zone
2. passes the midpoint (50)
3. rises after entering the oversold zone
When reaching the above 3 areas, volatility may occur, so caution is required.
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