The key is whether it can be supported and rise near 0.8033

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(EOSUSDT 1D chart)

The 0.8033 point is the HA-High indicator point on the 1W chart.

The M-Signal indicator on the 1M chart is passing near this point.

Accordingly, the key is whether it can be supported and rise near 0.8033.

If the price is maintained above the M-Signal indicator on the 1M chart, it is highly likely that the upward trend will continue in the medium to long term.

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I think the 0.8033 point is a possible point for a breakout trade.

The next possible point for a breakout trade is the 1.3193 point.

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If it is supported and rises near 0.8033, you should respond depending on whether there is support near 1.0044-1.100.

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If it falls from the 0.8033 point,
1st: 0.6678-0.6920
2nd: 0.5255-0.5820
You should check whether there is support near the 1st and 2nd points above.

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

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- This is an explanation of the big picture.

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

I rewrote the previous chart to update it by touching the Fibonacci ratio range 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 and has been rising.

In other words, 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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(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it shows up to 3.618 (178910.15).

Fibonacci ratio 0.618 (44234.54) is not expected to fall again.

(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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readCrypto

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