If it is supported near 2531.05-2621.99, it is time to buy

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(ETHUSDT 1D chart)
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ETH is showing a disappointing performance, falling more than BTC.

However, the current location, that is, near 2531.05-2621.99, is an important support and resistance area, so whether it can receive support and rise is the key.

We need to check whether it can receive support and rise to create a state where M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.

Therefore, ETH can be considered as a buy point at the moment.

If it falls, you should check for support near 2159.0.

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This is because the section that must be supported in order to rise is the 1941.90-2159.0 section.

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Since the BW indicator has touched the highest point (100), the BW line will be created soon.

Therefore, you should check for support at the newly created BW line and consider whether you can trade according to your trading style.

The stop loss point is when it shows resistance near 2531.05.

As I said again, the M-Signal on the 1W chart is currently falling just above.

Therefore, even if it is supported and rises now, it is highly likely to touch the M-Signal area of ​​the 1W chart and fall, so you should think about a countermeasure for this.

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The next volatility period is around September 30th (September 29th - October 1st).

Therefore, the point of observation is how the M-Signals of the 1D, 1W, and 1M charts are arranged based on this time.

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Have a good time.
Thank you.

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- ​​Big picture
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It is expected that a full-scale uptrend will begin when it rises above 29K.

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

#BTCUSD 12M
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1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

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
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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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Comentarios
The DMI+OBV indicator currently included in the idea is incorrect.

We have confirmed that the DMI+OBV indicator formula is missing.

Accordingly, the properly corrected indicator will be applied starting tomorrow.

Sorry for the confusion.

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Chart with DMI+OBV applied normally
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Beyond Technical AnalysisETHETHBTCEthereum (Cryptocurrency)ETHUSDETHUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis

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(HA-MS)
kr.tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/

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tradingview.com/script/vWYgmHAt-DMI-OBV-Trend/
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