Watching whether it can rise above 98821.58
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It's the same idea as the previous one.
The key is whether it can maintain the M-Signal and MS-Signal indicators on the 1D chart until around December 27.
In order for the uptrend to start, it is expected to start by rising above 97821.58 and showing support.
If it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
Therefore, the 95904.28-98892.0 section is an important support and resistance section.
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USDT, USDC are still showing an upward trend.
(BTC.D 1D chart)
The point of interest is whether it can fall below 55.01 by falling near the MS-Signal indicator.
(USDT.D 1D chart)
The point of interest is whether it can meet resistance near the 3.92-4.31 range and maintain a downward trend.
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I think the gap increase of USDT, USDC is a trace of funds flowing into the coin market.
On the other hand, I think the gap decrease is a trace of funds flowing out of the coin market.
If BTC dominance falls below 55.01 and is maintained or continues to decline, an altcoin bull market is expected to begin.
USDT dominance is expected to fall to around 2.84 and maintain an upward trend in the coin market.
Accordingly, if it touches around 2.84 and rises, the coin market is likely to face a sharp decline.
Also, if it rises above 4.97, I think the coin market is likely to turn into a bear market.
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(BTCUSDT 1D chart)
The point to watch is whether it can receive support and rise around the important support and resistance area of 95904.28-98892.0.
The next period of volatility is expected to be around December 27, so we need to check whether it can continue sideways until then.
This movement can be seen as a task to reduce the gap of the M-Signal indicators on the 1D, 1W, and 1M charts or to reset the StochRSI indicator.
If it falls below the M-Signal and MS-Signal indicators on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.
At this time, if the HA-Low and BW(0) indicators are generated, the key is whether there is support around that area.
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When the StochRSI indicator falls below the 50 point range, if it shows resistance below the M-Signal indicator on the 1D chart, it is necessary to first check whether there is support around 87.8K-89K.
In order to continue the upward trend, it must rise above 97821.58 and show support.
Therefore, if it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
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
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Trade attivo
#BTCUSDT
The StochRSI indicator is showing signs of rapidly falling into the oversold zone.
Accordingly, the area around the M-Signal indicator, MS-Signal indicator on the 1D chart, or around 95904.28-98892.0 can be seen as important support and resistance zones.
It is necessary to check where the StochRSI indicator is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.
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