Whether it can be supported and rise at 102429.56 is the key

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(USDT.D 1M chart)

If USDT dominance is maintained below 4.97 or continues to decline, the coin market is likely to enter an upward trend.

(BTC.D 1M chart)

However, I think that for the altcoin bull market to begin, BTC dominance must be maintained below 55.01 or continue to decline.

If USDT dominance falls and BTC dominance rises, most altcoins are likely to gradually move sideways or show a downward trend.

In other words, it is highly likely that only BTC will continue to rise.

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(BTCUSDT 1M chart)

Based on the current position, in order to continue the uptrend, the price must be maintained above the Fibonacci ratio of 1.902 (101784.54).

If not, it is likely to fall to around the Fibonacci ratio of 1.618 (89050.0).

If the uptrend continues, the point to watch is whether it can renew the new high (ATH) this time.

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(1W chart)

It is rising after touching the 73499.86 area.

It is showing a large increase as it breaks through the HA-High indicator point of 97226.92 on the 1W chart.

Since the StochRSI indicator is expected to enter the overbought zone, it is highly likely that the future rise will be limited.

Therefore, the key is whether the price can be maintained above the left Fibonacci ratio of 1.902 (101784.54).

If it falls, you should check whether it is supported near 97226.92.

If it falls below 97226.92, you should check whether it is supported in the 1st and 2nd sections marked on the chart.

You should check where the StochRSI 80 indicator is formed when the next candle is created.

The StochRSI 80 indicator on the 1M chart is formed at the 102429.56 point.

Therefore, we need to check whether the StochRSI 80 indicator point on the 1W chart is formed around the 102429.56 point.

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(1D chart)

Since the StochRSI indicator on the 1D chart is located below the midpoint, we need to focus on finding a buying point.

With this rise, the StochRSI indicator is expected to rise above the midpoint.

If the StochRSI indicator is located above the midpoint, we need to focus on finding a selling point.

Therefore, the point of interest is whether the price can be maintained around the right Fibonacci ratio 1.902 (101784.54) as we pass through the next volatility period around May 19.

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Among the interpretation methods of the OBV indicator, there is an interpretation method that there is a possibility of an increase or decrease when the previous high or low is broken.

This time, it showed an upward break through the upper line of the OBV and broke through the lower line of the previous OBV.

In other words, it showed an upward break through the A section.

If this upward break through the B section is continued, it is expected to renew the ATH.

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

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- This is an explanation of the big picture.

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

I rewrote the previous chart to update it by touching the Fibonacci ratio section 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.

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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)

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

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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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Note

Let me say this again, you cannot trade all coins (tokens).

So, it is important to choose a coin (token) that suits your investment style and trade it.

When trading a coin (token) that you do not check the chart frequently, it is important to first check whether you are in a position where you can draw support and resistance points on the 1M, 1W, and 1D charts and create a trading strategy.

If the HA-Low and HA-High indicators are not located at the current location as in the chart above, you need to be careful when trading.

When scalping or day trading, you end up trading on a time frame chart below the 1D chart, so you can trade by checking the HA-Low and HA-High indicators on that time frame chart.

However, since the risk increases accordingly, you need to be careful when trading.

Note

If you check the movement of the DOM(60) indicator,
- 1: StochRSI indicator is below 50
- 2, 3, 4: StochRSI indicator is above 50
Accordingly, it is important to see whether there is support near the current DOM(60) indicator point of 102971.99.

Even if it leads to an additional rise, since the StochRSI indicator is showing signs of entering the overbought zone, it is highly likely that the rise will stop near the previous DOM(60) indicator point of 106133.74.

Therefore, it is recommended to wait and see the situation because it is risky to proceed with a new transaction at the current position.

Note

The representative indicators that tell you whether the current position is a high or low are the DOM(60) and DOM(-60) indicators.

The current DOM(60) indicator has disappeared since May 9.

Therefore, it seems possible that the DOM(60) indicator will be created at any time near the current price.

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Since the StochRSI indicator has entered the overbought zone, it is expected to show a downward trend soon.

At this time, you should check whether there is support near the StochRSI 50 indicator.

If it falls below the StochRSI 50 indicator, it may lead to an additional decline, so you should think about a countermeasure for this.

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It is recommended that the trading strategy be created based on whether there is support near the HA-Low and HA-High indicators.

Therefore, if you are not familiar with day trading, it is recommended to watch the situation.

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Since it is currently located near the M-Signal indicator of the 1M chart, you can create a trading strategy based on whether there is support near the M-Signal indicator of the 1M chart.

However, as I mentioned earlier, when the StochRSI indicator falls from the overbought range and turns upward, it is good to see support near the M-Signal indicator on the 1M chart.

Otherwise, if it continues to rise, it is likely to fall again near the M-Signal indicator on the 1M chart, so I do not recommend starting a trade following the price.

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