Important Point: 1.0113
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(ONDOUSDT.P 1D chart)
The 1.0113 point is the HA-Low indicator point on the 1D chart.
Therefore, if it is supported near 1.0113, it is a time to buy.
If it is supported at the 1.0113 point and rises,
1st: 1.2715
2nd: 1.8588
You need to respond depending on whether there is support near the 1st and 2nd above.
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If it fails to receive support at the 1.0113 point, you need to check whether there is support near 0.8292.
The support zone is around 0.5911.
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The location of the 1.0113 point is a point where a breakout trade is possible.
However, caution is required because the StochRSI indicator is showing signs of entering the overbought zone.
Therefore, it is recommended to check the support near 1.0113 and then decide on the trading point.
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(30m chart)
As seen in the 30m chart, it is currently located near the HA-High indicator.
In other words, it is showing a stepwise upward trend.
The indicators that play an important role in finding trading strategies and trading points are the HA-Low and HA-High indicators.
Therefore, when it is supported by the HA-High indicator and rises, it is necessary to aggressively buy and respond quickly with the thought that it can fall at any time.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Explanation of the big picture.
I used TradingView's INDEX chart to check the entire range of BTC.
I rewrote it to update the previous chart by 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 maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(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)
Based on the BTCUSDT chart, I think it is around 42283.58.
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I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the 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 that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall 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 bear market starts.
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