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(BTCUSDT 1D chart)
The key is whether the price can maintain above the M-Signal indicator on the 1W chart and rise above 97226.92.
If it is supported near 93576.0-94742.35, it is expected to turn into an uptrend.
If not, it is important whether it is supported near 89294.25.
The reason is that if it falls below 89294.25 again, it is highly likely to eventually touch the M-Signal indicator on the 1M chart.
This volatility period is March 3-5.
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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.
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.
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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, we expect that we will not see prices below 44K-48K 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.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create 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 when used for trading strategies.
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
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Note
USDT, USDC appear to be maintaining a gap uptrend.
I think the gap uptrend is a sign of funds flowing into the coin market.
(USDT.D 1M chart)
If it falls below 4.97 and remains or continues to decline, I think the coin market is likely to continue to rise.
(BTC.D 1M chart)
I think that in order for a bull market, or an altcoin bull market, to begin, it must fall below 55.01 and remain or continue to decline.
Trade active
#BTCUSDTThis volatility period is expected to last until March 5th.
What we should be interested in is whether it can find support near 89294.25, which is the HA-Low indicator point on the 1D chart.
In order to turn bullish, the price needs to stay above the M-Signal indicator on the 1D chart.
To do that, it needs to find support above 93576.0.
Note
#BTCUSDTThe key is whether it can rise to around 89294.25 and receive support.
If not, and it falls below 84349.94, it is expected to eventually meet the M-Signal indicator on the 1M chart.
This volatility period is expected to continue until March 5.
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.