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(BTCUSDT 1D chart)
This volatility period is until April 30th.
The point to watch is whether it can rise along the newly created trend line (4) or whether it can rise along the rising channel consisting of trend lines (2) ~ (4).
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If it falls near Fibonacci 3.14 (93570.28), it seems likely that a new HA-High indicator on the 1D chart will be created.
Accordingly, if the HA-High indicator is created, the key is whether there is support near it.
That is, we need to check whether there is support near the Fibonacci ratio range of 3 (92026.52) ~ 3.14 (93570.28).
If not, there is a possibility of a decline near the trend line (2).
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The next volatility period is around May 19.
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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 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.
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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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Note
#BTCUSDTAgain, the HA-High indicator on the 1D chart is showing signs of being created.
If the HA-High indicator is created at the 94109.24 point, it is important to see if there is support around that point.
Trade active
#BTCUSDTThe HA-High indicator is expected to be created at the 94109.24 point.
Accordingly, whether there is support at the 94109.24 point is important.
The next volatility period is expected to be around May 19.
However, there is a possibility that a trend will appear after passing around May 6-8.
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The fact that the HA-High indicator is newly created means that it has declined from the high point.
Accordingly, there is a possibility that it will lead to an additional decline.
Note
#BTCUSDTIt touched the first resistance area of 97226.92.
We need to see if it can continue the upward trend along the trend line (4).
When the StochRSI indicator
(1) falls in the overbought area,
(2) passes the midpoint,
(3) rises in the oversold area,
volatility can occur in (1) ~ (3) above.
In most cases, it shows a downward trend when the HA-High indicator is generated.
Accordingly, there is a possibility that support will be confirmed again near the HA-High indicator.
The next period of volatility is expected to be around May 19.
However, there is a possibility that a trend will appear after passing around May 6-8.
Note
#BTCUSDTThe HA-High indicator is showing signs of being re-created not long after it was created.
We need to check whether there is support when the HA-High indicator is created at the 94915.18 point.
Therefore, the key is whether it can be supported and rise in the vicinity of the Fibonacci ratio range of 3 (92026.52) ~ 3.14 (93570.28).
In other words, whether there is support in the vicinity of 92792.05 is important.
Since the 97226.92 point is the HA-High indicator point on the 1W chart, if it is supported and rises in this vicinity, there is a possibility that a stepwise uptrend will begin.
To do this, we need to check the position when the StochRSI indicator falls below the midpoint and rises.
Note
Among the various indicators included in my chart, the HA-Low and HA-High indicators are the criteria for the trading point.
This can be said to be the indicator that serves as the basis for starting a transaction.
Other indicators are indicators that are necessary when analyzing the chart or responding in detail.
There are M-Signal indicators for 1M, 1W, and 1D charts that are used for chart analysis.
Other indicators are indicators that can be used when responding in detail.
Therefore, as a basic trading strategy, buy when the HA-Low indicator shows support and sell when the HA-High indicator shows resistance.
If the price stays above the HA-High indicator, there is a possibility that a step-up trend will start, and if the price stays below the HA-Low indicator, there is a possibility that a step-down trend will start.
To help determine this, refer to the M-Signal indicator on the 1M, 1W, and 1D charts, the StochRSI indicator, and the OBV indicator.
Note
The StochRSI indicator is showing signs of entering the oversold zone.
Accordingly, there is a high possibility of further decline.
Since the M-Signal indicator on the 1D chart is passing around 92792.05, we should check if it can be supported around this area.
Therefore, when the StochRSI indicator is rising, we should check if it is supported around 94915.18.
If it is supported and rises, there is a possibility of a stepwise rise, so we should focus on finding a buying point.
When it starts rising,
1st: 97226.92
2nd: Fibonacci ratio 1.902 (101784.54)
We should respond depending on whether there is support around the 1st and 2nd areas above.
If it falls below 92792.02, we need to check if it finds support near 89294.25.
Note
#BTCUSDTIf it rises above the HA-High indicator this time, it is expected that there will be another rise like before.
Therefore, it is important whether the price can be maintained above the M-Signal indicator on the 1M chart.
It is important whether the price can be maintained above the M-Signal indicator on the 1D chart and rise.
If not, it is expected to touch the M-Signal indicator on the 1W chart.
Section A corresponds to the section where the StochRSI indicator touched the oversold section and rose.
Currently, the StochRSI indicator is showing signs of falling into the oversold section.
Therefore, if the StochRSI indicator falls to the oversold zone this time and does not fall near the A zone, there is a possibility that it will show an upward trend as I mentioned earlier.
Therefore, we need to create a trading strategy based on whether there is support near 94915.18.
As I mentioned earlier, if it rises,
1st: 97226.92
2nd: 101947.24
We need to respond based on whether there is support near the 1st and 2nd above.
The DOM indicator is an indicator that comprehensively evaluates the DMI, OBV, and MOMENTUM indicators.
The DOM(-60) indicator indicates a low point, and the DOM(60) indicator indicates a high point.
Therefore, if the price is maintained above 92792.05, it is expected to rise.
-------------------------------------------
It may be confusing, but the important thing is that the HA-Low and HA-High indicators are the basis for creating trading strategies.
Therefore, it is important to check whether it is currently supported near the HA-High indicator.
The explanation above is how important the current HA-High indicator position is.
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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.