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(BTCUSDT 1D chart)
Both the upper and lower lines of the Price Cannel indicator have been touched.
The point of interest is in which direction it will diverge after this convergence.
The next volatility period is around February 24 (February 23-25).
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The key is whether it can receive support near 92792.05-94742.35 and rise above the M-Signal indicator on the 1D chart.
If not, it is expected to re-determine the trend by touching the M-Signal indicator on the 1W chart.
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Thank you for reading to the end.
I hope you have a successful trade.
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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 in an upward trend since 2015 following a pattern.
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, you 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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Note
USDT, USDC are showing a gap increase.
I think the gap increase of USDT, USDC is a sign of funds flowing into the coin market.
Therefore, I think it is highly likely that a large increase will be seen in the near future.
Trade active
#BTCUSDTThis volatility period is until February 25th.
It finally touched the M-Signal indicator on the 1W chart.
The key is whether it can rise with support near the M-Signal indicator on the 1W chart.
If it fails to rise, it will show a movement to meet the M-Signal indicator on the 1M chart.
Before that, it is important to support near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0).
The next volatility period is around March 4th.
Note
#BTCUSDT 1MAs the BW(100) indicator was created, it fell and fell below the StochRSI 50 indicator.
If it continues to fall, the point to watch is whether the HA-High indicator is newly created.
If it is newly created, it is important whether there is support near it.
When the HA-HIgh indicator is created, the high point boundary section is finally created again on the 1M chart.
(1W chart)
The key is whether it can receive support and rise near the M-Signal indicator on the 1W chart.
If not, it is expected to eventually touch the M-Signal indicator on the 1M chart.
With this decline, we need to look at where the lower line of the Price Channel indicator is created.
(1D chart)
I think the Fibonacci 2.618(87814.12) ~ 1.618(89050.0) section is a very important section when looking at the 1M, 1W chart.
Therefore, I think that in order to maintain the uptrend, it should be supported near this section.
If not,
1st: Fibonacci ratio section 1.414(79902.66) ~ 2(80999.68)
2nd: Fibonacci ratio 1.618(76787.43)
You should check whether there is support near the 1st and 2nd sections above.
The section where the M-Signal indicator of the 1M chart passes near the 1st and 2nd sections above is expected to be an important support section.
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What we can do is to see if the price is maintained above the M-Signal indicator on the 1D chart.
And, in the case of the coin (token) being traded in the spot, depending on whether there is support near the important section, we trade to increase the number of coins (tokens) corresponding to the profit.
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#USDT. D 1M
If the USDT dominance rises above 4.97, the coin market is likely to already be in a downtrend or show a sharp decline.
Therefore, the key is whether it can face resistance near 4.97 and fall.
#BTC. D 1M
The rise in BTC dominance means that funds are concentrated toward BTC.
Therefore, if BTC dominance rises above 62.47, altcoins are likely to see a large decline.
It appears that the flow of funds for USDT and USDC is still on an upward trend.
Therefore, it is necessary to examine whether this decline is the last decline period.
The reason is that, as I mentioned in the BTCUSDT analysis, it has touched an important area on the 1M and 1W charts.
Note
#BTCUSDTIf the HA-High indicator falls, it is likely to fall until it eventually meets the HA-Low indicator.
Therefore, it may be natural to hope that the HA-Low indicator will be newly generated when the price falls.
The Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0) is an important support and resistance range.
Therefore, if the location where the HA-Low indicator is generated is near the Fibonacci ratio range, I think it is a good time to buy.
If not, it is likely to lead to further decline, so you should think about a trading strategy that suits it.
For now, the key is whether the price can be maintained by rising above the M-Signal indicator on the 1W chart.
Therefore, it is important whether it can rise above the previous low point of 91231.0.
However, in order to turn into an uptrend, it must rise above the M-Signal indicator on the 1D chart.
Therefore, from the current position, it is expected to turn into an uptrend only if it rises above 94742.35.
The next volatility period is expected to be around March 4 (March 3-5).
Therefore, the key point is whether it can rise to the vicinity of 91231.0 or 94742.35 before that and receive support.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
tradingview.com/script/OUA6XoS6-HeikinAshi-MS-Signal-HA-MS/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.