Important support and resistance zone: 0.18951-0.21409

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(DOGEUSDT 1D chart)

The M-Signal indicator on the 1M chart is passing the HA-Low indicator.

Therefore, the A section, that is, the area around 0.18951, is an important support and resistance zone.

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However, since the HA-High indicator on the 1M chart is formed at the 0.21409 point, it is expected that the uptrend will begin only if the price rises above this point and maintains.

Therefore, we recommend buying when it shows support in the 0.18951-0.21409 range.

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It is not visible on the current chart, but the HA-High indicator on the 1D chart is formed at the 0.42847 point.

Therefore, if it continues to rise like this, it is possible that it will touch the 0.42847 area.

If not, we should pay attention to whether the HA-High indicator on the 1D chart is newly created.

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If it does not rise but falls, we should check whether it can rise with support near the M-Signal indicator on the 1D chart.

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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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by readCrypto