Need to check if today's candle closes with a hammer candleHello traders!
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(BNGO 1M chart)
It is renewing its low point by falling below the HA-Low indicator point of 6.49.
Touching the HA-Low indicator point means that there is a high possibility of forming a low point.
A decline from the HA-Low indicator point is likely to lead to a renewed low, but also a move to form a bottom.
The 1M chart should be interpreted from a long-term perspective, so it is expected to show movement to form a bottom for a long period of time.
(1W chart)
The HA-Low indicator is falling, showing a stepwise decline.
Accordingly, it is time to buy when it rises above 1.37 and shows support.
(1D chart)
When you see the 1M, 1W chart, you can see that it is absolutely not the time to start trading.
Additionally, the 1D chart also shows that this is not the time to start trading.
However, looking at the current candlestick, there is a possibility that the trend will change.
Accordingly, you need to check whether it shows an up and down movement or sideways movement at the current price range.
If it is supported and rises from the HA-Low indicator, it is likely to rise near the HA-High indicator.
Therefore, if there is a swing up or down from the current price position, the HA-Low indicator will be created, and if it is supported by the created HA-Low indicator and rises above 1.08, there is a possibility of a short-term uptrend.
In order to continue the upward trend, it is highly likely that the HA-High indicator and MS-Signal indicator must rise above.
Therefore, the key is whether it can rise above the current HA-High indicator point of 1.75.
However, since the psychological volume profile section is formed around 1.25, we must first check whether it is possible to break above this section.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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