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(BTCUSDT 1D chart)
This is the first day of the volatility period.
The key is whether it can rise from the downward channel.
This volatility period is expected to last until March 26.
The point of interest is whether it can break out of the downward channel and receive support near the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0).
If not, we should see if it can find support near Fibonacci 2.24 (83646.12) and rise without going below the downtrend line.
If it holds above the downtrend line, we should see if it can rise above Fibonacci 1.618 (89050.0) during the next volatility period around April 5th.
In any case, if it breaks out of the downtrend channel and holds, I think it is likely to turn into an uptrend.
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(1M chart)
As I mentioned before, we should not forget that there is no trend line formed by the low point of the StochRSI indicator on the 1M chart, so volatility may occur to create a trend line.
Therefore, whether it can complete the trend line while receiving support near the 69000 ~ 73499.86 range and rising is an important point of observation from a long-term perspective.
In this sense, what we can choose is to see whether it can receive support near the current location, that is, the StochRSI 50 indicator point of 83983.20.
If the support is broken, it can fall along the downtrend line.
This period of volatility is expected to be the first important period of the year.
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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 that it has been maintaining an upward trend following a pattern since 2015.
That is, 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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(LOG chart)
As you can see from the LOG chart, the uptrend 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, 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 to decide how to view and respond to this.
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
The body color of the candlestick is indicated by the 4-level OBV indicator.
The OBV indicator is distinguished in the same way as the Price Channel indicator.
You can interpret it like the Bollinger Band.
That is, if the middle line that divides 2 and 3 rises by more than 3, you can interpret that the buying force is increasing.
1: It means below the lower line of the Price Channel and is indicated in dark red.
If you enter this section, there is a high possibility of a sharp decline.
You should check the support and resistance points because it is likely to stop falling soon and rise to 2.
2: It means between the lower line and the middle line of the Price Channel and is indicated in red.
This section is likely to show a weak downward sideways movement.
Therefore, if it rises from 1->2, there is a possibility of a short rise. However, if it fails to rise to 3, it is likely to fall back to 1, so it is recommended to make short trades.
3: This refers to the middle line of the Price Channel and is indicated in green.
This section is likely to show a weak upward sideways movement.
If it rises from 2 -> 3 and shows a sideways movement, you should focus on finding a buying point.
4: This refers to above the upper line of the Price Channel and is indicated in dark green.
If it enters this section, there is a high possibility of a sharp rise.
Since it is likely to stop rising soon and fall to 3, you should check the support and resistance points.
Trade active
#BTCUSDTThis volatility period is expected to continue until March 26.
The M-Signal indicator on the 1W chart is passing through the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0).
Accordingly, the key is whether the price can be maintained by rising above the Fibonacci ratio range.
If not, and it falls, we should check whether the price is maintained above the downtrend line near the M-Signal indicator on the 1D chart.
If it does not fall below the downtrend line, it is highly likely to rise further.
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OBV is showing an upward trend above the OBV EMA line.
If it rises above the upper line of the price channel this time, there is a possibility of a sharp rise.
If it surges, it is likely to rise to the Fibonacci ratio range of 3 (92026.52) ~ 3.14 (93570.28).
In any case, the most important thing now is not to fall below the downtrend line.
And, whether the price can be maintained above the M-Signal indicator on the 1W chart.
Since the HA-Low indicator on the 1D chart is formed at the 89294.25 point, if it shows support near this area, it is a time to buy.
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[HA-MS Indicator]
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X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
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[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.