Updated 4 days ago

Check if it can rise along the rising channel

5 days ago

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(BTCUSDT 1D chart)

This volatility period is until April 30th.

The point to watch is whether it can rise along the newly created trend line (4) or whether it can rise along the rising channel consisting of trend lines (2) ~ (4).

-
If it falls near Fibonacci 3.14 (93570.28), it seems likely that a new HA-High indicator on the 1D chart will be created.

Accordingly, if the HA-High indicator is created, the key is whether there is support near it.

That is, we need to check whether there is support near the Fibonacci ratio range of 3 (92026.52) ~ 3.14 (93570.28).

If not, there is a possibility of a decline near the trend line (2).

-
The next volatility period is around May 19.

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Thank you for reading to the end.
I hope you have a successful trade.

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- Here is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire range of BTC.

I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

-
(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).

It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).

(BTCUSDT 12M chart)

I think it is around 42283.58 when looking at the BTCUSDT chart.

-
I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely to act as a volume profile range.

Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.

To do that, we need to look at whether it can rise with support near 2.618 (134018.28).

If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.

So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain more details when the downtrend starts.

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5 days ago

Note

#BTCUSDT

Again, the HA-High indicator on the 1D chart is showing signs of being created.

If the HA-High indicator is created at the 94109.24 point, it is important to see if there is support around that point.

4 days ago

Trade active

#BTCUSDT

The HA-High indicator is expected to be created at the 94109.24 point.

Accordingly, whether there is support at the 94109.24 point is important.

The next volatility period is expected to be around May 19.

However, there is a possibility that a trend will appear after passing around May 6-8.

-
The fact that the HA-High indicator is newly created means that it has declined from the high point.

Accordingly, there is a possibility that it will lead to an additional decline.

2 days ago

Note

#BTCUSDT

It touched the first resistance area of 97226.92.

We need to see if it can continue the upward trend along the trend line (4).

When the StochRSI indicator
(1) falls in the overbought area,
(2) passes the midpoint,
(3) rises in the oversold area,
volatility can occur in (1) ~ (3) above.

In most cases, it shows a downward trend when the HA-High indicator is generated.

Accordingly, there is a possibility that support will be confirmed again near the HA-High indicator.

The next period of volatility is expected to be around May 19.

However, there is a possibility that a trend will appear after passing around May 6-8.

2 days ago

Note

#BTCUSDT

The HA-High indicator is showing signs of being re-created not long after it was created.

We need to check whether there is support when the HA-High indicator is created at the 94915.18 point.

Therefore, the key is whether it can be supported and rise in the vicinity of the Fibonacci ratio range of 3 (92026.52) ~ 3.14 (93570.28).

In other words, whether there is support in the vicinity of 92792.05 is important.

Since the 97226.92 point is the HA-High indicator point on the 1W chart, if it is supported and rises in this vicinity, there is a possibility that a stepwise uptrend will begin.

To do this, we need to check the position when the StochRSI indicator falls below the midpoint and rises.

readCrypto

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