Volatility Period: July 24-26
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(BTCUSDT 1D chart)
BTC is in a step up trend.
Looking at the bigger picture, it can be seen that it is in the second step up trend.
The important volatility period in this step-up is expected to be around August 2-5 (up to August 1-6).
Therefore, we need to look at what kind of movement it makes as it passes through the previous volatility period of around July 25 (July 24-26) and around July 31 (July 30-August 1).
In other words, we need to check which section is supported and which section is resisted, and see if it breaks through that section.
What we can see now is that it is checking whether there is support in the 115854.56-119086.64 section, that is, the HA-High ~ DOM (60) section.
Since the M-Signal indicator on the 1D chart has risen to the 115854.56 point, the key is whether it can receive support at the 115854.56 point and rise.
If it falls below the M-Signal indicator of the 1D chart and shows resistance, it is likely to meet the M-Signal indicator of the 1W chart.
This flow is an interpretation of the separation learned when studying the price moving average.
Therefore, we can see that the maximum decline point is when it meets the M-Signal indicator of the 1M chart.
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Industries (coins, tokens) that are renewing the ATH are actually outside the predictable range.
Therefore, we should think of it as a situation where it is not strange whether it falls or rises at any time and think of a response plan.
Since it is currently within the predictable range, we can create a response strategy by checking whether there is support in the 115854.56-119086.64 section.
However, as I mentioned earlier, the volatility period is about to begin, so caution is required when making new transactions.
That is, you need to check whether it breaks out of the 115854.56-119086.64 range during the volatility period that continues until July 26.
And if it breaks out, you need to check whether it is supported or resisted in that area and respond accordingly.
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The OBV indicator of the Low Line ~ High Line channel is showing a pattern of rising above the High Line.
Accordingly, if the OBV indicator is maintained above the High Line, it is expected to show an additional rise.
In accordance with this, you need to check whether the K of the StochRSI indicator shows a movement to rise in the oversold range and a transition to a state where K > D.
You also need to check whether the TC (Trend Check) indicator continues its upward trend and can rise above the 0 point.
If these conditions are met, it is expected that BTC will rise above 119086.64 or show a pattern of rising.
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This decline created a low trend line, creating a perfect rising channel.
Therefore, we need to see how far we can go up along the rising channel created this time.
In that sense, we should pay close attention to the movement during the volatility period around July 25th (July 24-26).
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Thank you for reading to the end.
I hope you have a successful trade.
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- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
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