The key is whether it can receive support around 2.289 and rise
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(OPUSDT 1M chart)
This month's decline shows that the HA-High indicator is about to be created at the 2.759 point.
Accordingly, the key is whether the HA-High indicator can be supported and rise near it when it is created.
It is showing a rebound after touching the Fibonacci ratio point of 0.5 (1.828).
Therefore, we need to see if it can find support around 0.618 (2.045) and rise above 2.289.
(1W chart)
It touched the psychological volume profile section and rebounded, but failed to receive support around 2.289 and showed a downward trend.
Accordingly, the key is whether it can rise above 2.289.
Currently, the HA-High indicator is formed at 3.777, so it is expected that in order to switch to an upward trend, it must rise above the HA-High indicator.
(1D chart)
The upward trend began on November 3, 2023, when the HA-Low indicator broke above the upper box section.
And, on April 7, 2024, we encountered the HA-Low indicator for the first time.
It is showing a stepwise decline as it fails to receive support near the HA-Low indicator and falls.
Since the volume profile section of the 1M chart is formed around 2.289, the key is whether the price can be maintained by rising above 2.289.
The time to buy is when it shows support near the HA-Low indicator and rises above the MS-Signal indicator.
Aggressive buying is possible when support is seen around 2.289.
In order to continue the upward trend, the HA-High indicator must rise or higher.
----------------------------------------
After the HA-Low indicator is newly created, the trend changes depending on whether it receives support or resistance.
I think that there is nothing special about the decline in the HA-Low indicator because the fact that the HA-Low indicator was newly created means that the downward trend has already begun.
However, the creation of the HA-Low indicator means that a low point has been formed.
Therefore, even if the HA-Low indicator falls, it can be said to be a meaningful movement because it is highly likely to show movement to form a bottom section.
Therefore, you can proceed with a split purchase whenever you encounter the HA-Low indicator.
Have a good time.
thank you
--------------------------------------------------
- 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
-----------------
