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(ETHUSDT 1M chart)
In order to turn upward on the 1M chart, the price must rise to the Fibonacci ratio range of 0.382 (2674.80) ~ 0.382 (2723.46) and maintain it.
Before that, the key is whether it can rise above the M-Signal indicator on the 1M chart.
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(1W chart)
The key is whether the price can be maintained and rise above the M-Signal indicator of the 1W chart.
To do so, we need to check whether the price is maintained by rising near the right Fibonacci ratio 0.5 (2295.84).
In order to continue the uptrend in the medium to long term, the price must be maintained above the M-Signal indicator of the 1M chart.
Accordingly, the key is whether the price can rise above the M-Signal indicator of the 1M chart when the price is maintained by rising near the right Fibonacci ratio 0.5 (2295.84).
Therefore, it is expected that a breakout trade will be possible when the right Fibonacci ratio 0.5 (2295.84) is broken upward.
However, since the StochRSI indicator is showing signs of entering the overbought zone, the increase may be limited.
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(1D chart)
It showed a big rise as it broke through the A section, that is, the 1861.57 point.
In any case, since it is currently below the M-Signal indicator of the 1M chart, we can see that there is still time to buy.
Therefore, as I mentioned earlier, we should focus on finding a buying point when the price rises above the M-Signal indicator of the 1M chart and maintains the price, or when it rises to the Fibonacci ratio range of 0.382 (2674.80) ~ 0.382 (2723.46) and maintains the price.
ETH is in a typical reverse arrangement (M-Signal of the 1M chart > M-Signal of the 1W chart > M-Signal of the 1D chart).
Therefore, we should focus on finding a buying point while watching the situation with a relaxed mind.
If it continues to rise like this,
1st: 2273.58-2359.35
2nd: 2627.18
3rd: 2921.73
We need to check if it can rise with support near the 1st-3rd above.
If not, if it falls, we need to check if it can support near 1861.57.
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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 it to update the previous chart while 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.
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.
-
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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Trade active
(ETHUSDT 1D chart)It is facing an important change in the trend as it rises near the M-Signal indicator on the 1M chart.
Accordingly, it is important to see whether it can rise with support near 2627.18.
-
If it fails to rise and falls, it is necessary to check whether there is support near the M-Signal on the 1W and 1D charts.
Therefore, the 2273.58-2359.35 section is expected to be an important support and resistance section.
-
If it is supported and rises near 2627.18,
1st: 3262.0-3321.30
2nd: 3831.12
You should respond depending on whether it is supported near the 1st and 2nd above.
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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]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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.