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(BTCUSDT 1W chart)
The key is whether it can receive support near the OBV Line indicator (84349.94) on the 1M chart and rise above the M-Signal indicator on the 1W chart.
-
(1D chart)
(Movement in a wide range)
If you look at the lines drawn with multiple lines, you can see that it is currently moving sideways within the section that the fingers are pointing to.
It may seem a bit complicated, but the key is in which direction the finger points out.
(Narrow range movement)
After the volatility period of around April 14-17, there is a possibility that the short-term trend will change.
The next volatility period is expected to be around April 25-29 (up to April 24-30).
Therefore, the point of interest is whether it will fall below the M-Signal indicator on the 1D chart and show a downward trend, or rise above the M-Signal indicator on the 1W chart and show an upward trend.
In other words, you need to look at whether it will rise along the trend line (2) or fall along the trend line (4).
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As I said before, if the StochRSI indicator is above 50, it is better to focus on finding a selling point.
The reason is that even if it rises, the upward trend is likely to be limited.
If the trading volume increases explosively when it shows support at a certain support and resistance point or section, it is possible that it will lead to a large increase, but it is a rare case, so it is better to refrain from expecting it.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Here is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire section of BTC.
I rewrote it to update the previous chart while 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 maintained 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.
------------------------------------------------------
Note
As you add information needed to the chart, you may lose important things.
Therefore, you should remember what is key.
The key thing in this chart, that is, the indicator that can create a trading strategy, is the HA-Low and HA-High indicators.
Therefore, when conducting a new transaction, you must check whether there is support near the HA-Low and HA-High indicators.
-
Indicators that can tell the trend include the M-Signal indicator and the HA Close indicator on the 1D, 1W, and 1M charts.
The M-Signal indicator on the 1D, 1W, and 1M charts is created based on the concept of a moving average, and the HA Close indicator is an indicator that shows the average value.
If the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Singal of the 1M chart, it is likely to continue the uptrend.
If the price is maintained above the HA Close on 1W-1M Mid indicator, it is likely to show an uptrend, and if not, it is likely to show a downtrend.
-
Therefore, we need to check whether the price is maintained above the M-Signal indicator of the 1W chart and rises above 89294.25 to show support.
If it rises after being supported near 89294.25, it is likely to touch the HA-High indicator and determine the trend again.
In other words, it is expected to touch the 101947.24 area.
However, since the HA-High indicator of the 1W chart is formed at the 97226.92 point, we need to check whether it breaks through.
Since the StochRSI indicator is currently in the overbought zone, the point to watch is how it resets.
In order to continue the uptrend, it is good to see the StochRSI indicator rising below 50 when it is supported by important support and resistance points.
If not, the uptrend is likely to be limited.
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
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bit.ly/4ibHtMc
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[DMI-OBV Trend]
bit.ly/4ibHtMc
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]
bit.ly/3YxHgvN
[DMI-OBV Trend]
bit.ly/4ibHtMc
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[DMI-OBV Trend]
bit.ly/4ibHtMc
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.