Important Support and Resistance Zones: 582.20-595.0
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(BNBUSDT 1D chart)
The HA-Low indicator on the 1D chart and the HA-High indicator on the 1W and 1M charts are formed in the 582.20-595.0 zone.
Therefore, whether there is support near this zone is an important key point.
The zone marked with a circle corresponds to the support and resistance zone.
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In order to continue the uptrend, the price must be maintained above the M-Signal indicator on the 1W chart.
Therefore, we need to check if the price is maintained above the Fibonacci ratio of 0.786 (617.42).
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If it falls below 583.54 and shows resistance,
1st: 551.61-554.60
2nd: 522.02
3rd: 496.02
We need to check if it is supported near the 1st-3rd above.
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However, in order to continue the mid- to long-term uptrend, the price must be maintained above the M-Signal indicator on the 1M chart.
Therefore, it is especially important to check if there is support near 551.61-554.60 when falling.
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The fact that the HA-Low indicator was created means that it rose from the low point range.
The fact that the HA-High indicator was created means that it fell from the high point range.
Since the HA-High indicator of the 1W and 1M charts is formed near the HA-Low indicator of the 1D chart, the 582.20-595.0 section corresponds to the high point section in the medium to long term.
Therefore, if it rises, it can be interpreted that it has risen to the high point section in the medium to long term.
A full-fledged upward trend, that is, a stepwise upward trend, is possible when the price is maintained above the HA-High indicator.
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Since the HA-Low indicator of the 1D chart is formed, if it shows support near the HA-Low indicator, it is a short-term buying period.
Therefore, even if it rises above 582.20-595.0, it is expected that it will be advantageous to conduct a transaction with a short and quick response.
However, if it falls below the HA-Low indicator and maintains the price, there is a possibility that a stepwise downward trend will begin, so caution is required when trading.
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To check if we have escaped this unstable situation, when the StochRSI indicator shows an upward trend below 50, it should show support near the HA-Low indicator.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Here 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 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 maintaining an upward trend 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 upward trend 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)
Based on the BTCUSDT chart, I think it is around 42283.58.
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I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the 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 that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall 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 bear market starts.
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