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(BTCUSDT 1D chart)
I think it always falls less than expected and rises more than expected.
Therefore, trades should always be done in split trades.
This volatility period is expected to last from March 21st to 26th.
Therefore, the key is whether it can break out of the downtrend channel and maintain the price after this volatility period.
In order to do that, it is important to see if it can be supported near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0).
If it breaks out of the downtrend channel and falls, if it does not fall below the downtrend line, it is expected to rise.
In other words, we need to check if it is supported near the Fibonacci ratio point of 2.24 (83646.12).
If not, if it falls, it is expected to touch the M-Signal indicator on the 1M chart.
In other words, it is expected to touch near 73499.86.
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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 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.
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(LOG chart)
Looking at the LOG chart, we can see that the increase 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 do not expect to 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.
That 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, this Fibonacci ratio is expected to 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 it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in 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 active
#BTCUSDT 1MThe rising trend line (1) is a trend line that cannot be considered to have been created.
The reason is that the StochRSI indicator has not entered the oversold zone.
Therefore, it has not yet formed a normal channel.
Therefore, it is highly likely that volatility will occur at any time.
The StochRSI indicator is showing a downward trend from the overbought zone.
Therefore, the point of observation is whether this decline will touch the oversold zone.
At this time, what we should consider important is whether we can receive support near the M-Signal indicator or the HA-High indicator on the 1M chart.
If the BW(100) indicator is created and falls, it will mostly touch the HA-High indicator.
That is why it is important to see whether there is support near the HA-High indicator.
From a long-term perspective, you should proceed with your trades while keeping in mind that it is not yet time to buy.
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[HA-MS Indicator]
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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.