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BTCUSDT.5L trade ideas

BTC/USDT Technical Analysis – Rounding Top Breakdown 🔹 Asset: Bitcoin (BTC/USDT Perpetual Futures) 🔹 Timeframe: 1D (Daily) 🔹 Exchange: MEXC 📊 Market Overview: Bitcoin has formed a rounding top pattern, a classic bearish reversal structure, leading to a strong downtrend. The price has recently broken below key support levels, indicating further downside pressure. 📉 Key Technical Factors: ✅ Rounding Top Formation: The gradual loss of bullish momentum followed by an aggressive sell-off confirms a trend reversal. ✅ Accelerating Downtrend: Angled resistance lines highlight the declining bullish strength, with negative slope angles reinforcing downward momentum. ✅ Critical Support Zone: BTC is currently testing a key support area (~$74,000 - $72,000). A breakdown below this level could accelerate the decline. 📌 Potential Trade Setups: Bearish Scenario: If BTC breaks below the $74,000 support zone, we could see further downside towards $70,000 or even $65,000 in the short term. Bullish Reversal: A strong bounce from the current support level with increased volume could invalidate the bearish outlook, pushing BTC back toward $90,000+ resistance. 🔥 Conclusion: Bitcoin's structure is bearish, with the rounding top pattern playing out as expected. Traders should watch for a confirmed support breakdown or bounce to determine the next move. 🔔 Manage risk and stay updated for further developments! 🚀
Short
by MangoMan4
2
86K is holdingBitcoin (BTC) is currently trading at $87,180, hovering near a key support level at $86,050.99. The price recently broke down from a rising wedge pattern, a bearish setup that often hints at further declines. That said, if buyers defend the $86,050.99 support, we could see a bounce toward the 50-hour moving average (MA) around $88,519, with a potential stretch to the next resistance at $96,177.18. On the flip side, a break below $86,050.99 with solid volume might send BTC tumbling toward $84,000. These levels are your guideposts... support acts like a floor, while resistance is the ceiling where price often reacts. Technical indicators are tilting bearish but leave room for a shift. The RSI sits at 39.17, below the neutral 50 mark, showing momentum is soft. The MACD has a bearish crossover in play, pointing to downside pressure. However, BTC is playing with the 50-hour MA, and a strong move above it could turn things bullish. Volume’s holding steady, watch for a spike to confirm any breakout or breakdown. A rebound with rising volume and an RSI above 50 could signal strength, while heavier selling volume would lock in the bearish vibe. Market sentiment feels cautious, with BTC stuck in a consolidation range between $86,000 and $96,000 lately. External factors like ETF approvals or regulatory news could jolt the market either way, good news might fuel a rally, bad news could deepen the dip. Set alerts at $86,050.99 and $96,177.18 to stay on top of it, and keep an eye on volume for confirmation. Volatility’s up, so protect your trades: use stop-losses below $86,050.99 if you’re long, or above $96,177.18 if you’re short. Wait for the market to tip its hand before jumping in.
by MonoCoinSignal
3
BPR with Directional Momentum-Filtered Breakouts – PerformanceThe BPR with Directional Momentum-Filtered Breakouts indicator identifies breakout opportunities by filtering momentum shifts and trend strength. The script integrates Balance Price Range (BPR) with an EMA-based trend filter and a cooldown mechanism to refine signal accuracy. Performance Analysis 📉 Bearish Signals Effectiveness • The indicator effectively captured multiple shorting opportunities during the downtrend. • Sell signals aligned with price staying below the EMA, confirming trend direction. • Momentum-based filtering reduced false signals in sideways conditions. 📈 Bullish Signals Efficiency • Buy signals appeared in early trend reversal phases, indicating potential bullish setups. • Some bullish breakouts led to trend continuation, while others encountered resistance. • A trendline breakout confirmation helped validate certain long entries. 📊 Trade Cooldown & Noise Reduction • Cooldown mechanism prevented excessive signals in choppy price action. • Volume-based breakouts helped distinguish strong breakouts from false moves. Key Observations ✅ Works best in trending markets – Strong trend direction improves signal reliability. ✅ Momentum filtering enhances breakout accuracy – Reduces unnecessary entries. ⚠️ Certain bullish breakouts lacked strength – Additional confirmation may help. Conclusion The BPR with Directional Momentum-Filtered Breakouts indicator provides a structured approach to breakout trading by leveraging momentum shifts, EMA-based trend validation, and a cooldown filter to avoid false signals. The script performs effectively in clear trending conditions while reducing noise in ranging markets.
Short
by TradeTechanalysis
1
BTC Long back to the MeanBitcoin has recently broken out of its prior range, sweeping liquidity below key levels. This setup presents a potential mean reversion opportunity, expecting price to revert back into the range. The target for this trade is around 96,785.2, aligning with the previous consolidation area. Key Levels: Entry: Current price region (~89,310) Target: 96,785.2 (Mean reversion level) Stop-Loss: 85,969.9 (Below liquidity sweep) Trade Execution: Entry Confirmation: Signs of rejection from the liquidity grab area / MSB on 2h Risk/Reward: Favorable setup with a good R:R ratio. Stop Placement: Below the liquidity sweep to prevent early invalidation. Conclusion: The market has grabbed liquidity and is now positioned for a move back into the range. If bullish momentum continues, we expect price to revert toward the 96,000 level.
Long
by SerenityEquity
HelenP. I Bitcoin may correct to support level and rebound upHi folks today I'm prepared for you Bitcoin analytics. Analyzing the chart, we can observe that the price initially climbed to the trend line before reversing and dropping to the resistance level, which aligned with the resistance zone. After spending some time trading near this level, the price made a corrective move downward, briefly breaking the level before bouncing back up. Following this, BTC once again tested the trend line before falling to the support level, breaking through the resistance level in the process. The price dipped slightly below this area but then made a sharp upward move toward the 101500 resistance level before starting to decline. Bitcoin then dropped to the support level, immediately rebounded, and attempted to rise, but eventually fell back to the 94200 level. After this, the price started to recover, rising close to the trend line before turning downward again. At this point, I anticipate that BTCUSDT will move down to the support level before beginning a new upward push toward the trend line. Therefore, I have set my goal at 98800, which aligns with this trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Bitcoin’s Elliott Wave Outlook: A Major Correction Ahead?Bitcoin appears to be in its fifth wave, signaling new all-time highs (ATHs), though likely not significant ones, as fifth waves often form as ending diagonals. On a larger scale, the completion of this lower-degree fifth wave suggests that the broader third wave is also reaching its peak. If this holds true, a higher-degree corrective phase is on the horizon. Historically, major corrections have resulted in drops exceeding 75%. If this pattern repeats, the upcoming fourth wave of the larger degree could follow a similar trajectory. This implies that within the next few months, Bitcoin may enter a bearish cycle. This analysis is for educational purposes only and should not be considered financial advice.
by dgtrd
34
Bitcoin Enters Buy Zone: Going Up Today, Tomorrow?! It Will GrowGood evening my fellow supporter, I have great news for you today. Bitcoin is moving within a very strong support range —the buy zone. In a previous publication I mentioned how Bitcoin hasn't move below 90K since 18-November 2024, on a daily session close. I also mentioned the lowest wick low being set around 89,000. In this whole period, Bitcoin has been sideways above 90K. This level has been working continually as support. The 105,000 to 100,000 price range has been resistance. The 90,000 to 94,000 price range has been support. Sell at resistance; buy at support. Bitcoin is now trading within this support range and thus a buy zone. This is a great place to accumulate for the next market move. Looking at the weekly timeframe, this week would be the fifth red week. It isn't. Bitcoin closed three consecutive weeks red. Last week closed green, neutral, with a Doji. This week starts red but is likely to end green. So, only three weeks red, a mini flush or shakeout and then up we go. This is a friendly reminder, we are now in bullish territory, the buy zone. If you are already in Bitcoin you can wait patiently and rest easy because the market is going up. Short-term price swings are as normal as it gets. While Bitcoin trades above 90K weekly, we are super strong, ultra-bullish. Super bullish also above monthly 80K. This is the mid-term and long-term. Short-term, we are going up. Bitcoin's price might not be going up right now but 100K was challenged just a few days ago. Remember what we know; when the market is sideways, it reverses each time it reaches resistance, each time it reaches support. So it reversed around 100K and it is very likely to reverse now that 90K has been challenged; we are going up. Patience is key. Rest easy. The Cryptocurrency market is set to grow. Growth will start now; in a matter of days or weeks, the time left for the next bullish wave is very short. We had really good bullish action in late 2024 but the best is yet to come. Wait patiently; hold strong. Crypto is going up. Patience is key. Thank you for reading. Namaste.
Long
by MasterAnanda
1
Bitcoin's Final SurgeBitcoin’s been loitering in distribution for 3 months — like a bloated whale carcass washing ashore. Altcoins? Down 50% or more in the same stretch. They’ve juiced Bitcoin’s price, gutted the alts, and pocketed the spread. Next up: BTC’s final lurch to 120k, dragging those discounted alts along for the ride. Clock’s ticking — 193 days left in this cycle, give or take. Big fish will pile in late, right before the cliff, then dump their alt bags on the crowd. Same game, different year. Horban Brothers.
Long
by horbanbrothers
2
BTC – Saylor's deviation?In the first half of last week, price got stuck below ~97k resistance, before breaking higher on Thursday and Friday. However, price broke back below and is currently stuck below the same resistance. I'm looking at the 98.2 npoc for a potential short and tp for longs, but I'm not seeing a long trigger yet. Price broke down further and is now bouncing on D1 EMA 100, then rejecting again on previous day low. All put together we can see last weeks Thu-Fri price action as a deviation powered by MSTR buying, without whom price continues to drift lower. A quick flush to 85k would be good for price to establish new value and find potential new buying interest, I will be a buyer there.
by Tealstreet
BTCUSDT, What will happen in upcoming weeks ?Hello Traders, Hope you're great. for Upcoming weeks, I anticipate 2 Bearish scenarios : In First Scenario, I expect price goes to the demand zone at first and does an upward correction to supply zone around 104-108K and after that starts to drop below 90K. in Second scenario, I expect price does an upward movement and goes to grab liquidity above 110K and after that starts a major fall and drops to below 80K. Targets have determined by Blue dashed lines. and finally tell me what do you think about BTCUSDT, UP or DOWN ? comment your opinion below this post.
Short
by aminrzb
2
Bitcoin Breaks Uptrend line– Is a Crash Coming?As I expected in the previous post , Bitcoin ( CRYPTO:BTCUSD ) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260) . Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line . According to Elliott's wave theory , Bitcoin seems to have finally completed the main wave C . I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop . Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps. Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
50
Massive manipulation event incoming?What if we saw a massive manipulation event next week? This would make sense since we are right in the window of a weekly cycle low. If it comes, it should come next week, so the weekly candle that closes today will not be affected by it. Previously, we could manipulate the current range by taking out the extreme points, then dumping the price, creating a PO3, perhaps even closing an extremely bearish daily candle to create maximum fear and reversing it the next day. I just came up with this idea while looking at past price movements and I think this would be perfect to complete this weekly cycle. (This is the September 2023 fractal)
by ramon_markiewitz
19
TradeCityPro | Bitcoin Daily Analysis #14👋 Welcome to TradeCityPro! In this analysis, as usual, I aim to review the critical futures triggers for the New York session. 📰 Yesterday, news of the Bybit exchange hack emerged, and I will examine its impact on the charts and what it may mean for Bitcoin's future. ⏳ 1-Hour Timeframe As observed, before the Bybit hack news, Bitcoin was trending upward and had breached the 98482 area. However, when the news broke, Bitcoin took a sharp downward turn, moving straight down to the box floor at 95108. 🔍 Bybit was reportedly hacked for $1.5 billion. Official statements assure that the exchange can fully reimburse its users, suggesting no substantial long-term financial impacts. The Bitcoin movement appears to be a reactionary drop due to the severe nature of the news and is not likely to have a lasting effect. ✨ However, it has shown that the 95108 area is extremely reliable and significant, potentially becoming a key level in the future. As you can see, I have retained the triangle that the price had been reacting to in recent weeks. If there is no reaction today, I will remove this triangle from tomorrow's chart as it appears that the price is more consistently within the box between 95108 and 98482, and the expanding triangle no longer seems relevant. 🔼 Currently, I cannot provide a firm long trigger for futures, and I have removed the 97816 trigger used previously. Such triggers are ineffective after being activated once, and we must wait for the price to establish a new structure. ⚡️ A risky long position could be taken on the breakout of 96516, which has been activated. If you observe a suitable candle with strong momentum during a pullback to this area, you may consider entering. 📉 For a short position, the very reliable trigger remains at 95108. If this area breaks, I will personally attempt to open a short position, as the strong reaction to yesterday's news demonstrated this support's significance. 📅 BTC.D Analysis The situation hasn't changed much, and Bitcoin dominance continues to range as it has in previous days. ✅ Still, if the 61.04 level breaks, it confirms a bearish dominance, and a breakout of 61.49 would confirm bullish dominance. 📅 Total2 Analysis For Total2, the trigger activated yesterday was a fake-out, but it caused the trigger to shift. Currently, there is a very promising long trigger for Total2 at 1.26, which the price has reacted to very well, suggesting it is a reliable area. For short positions, entering upon breaking 1.19 could be considered. 🧩 These positions are risky, and the main triggers are for breaking out of the box that lies between 1.16 and 1.28. 📅 USDT.D Analysis USDT dominance reached the bottom of the box yesterday at 4.40 and showed a very strong reaction. Along with the Bybit hack news, it moved sharply upward to 4.62. 💫 Currently, dominance has been rejected from this area and returned to the middle of the box, indicating that the 4.40 and 4.62 levels are important for confirming positions. If either of these levels breaks, we can secure a long-term confirmation for the bullish or bearish direction of Bitcoin dominance. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
6
BTC Scaling Strategy: Trade Like a Pro with Precision EntriesIf you’re new to trading, this guide will walk you through a scaling in and out strategy. We’ll cover: Risk management – protecting your capital. Entry points – how to build your position gradually. Exit points – how to lock in profits while leaving room for further gains. Maximising profit – using a small runner to capture additional upside. By the end, you'll understand: ✅ How to enter trades at optimal levels ✅ How to take profits gradually ✅ How to manage risk so you don’t blow your account BTC Market Analysis Bitcoin has been trading in a tight range for over 100 days near the 100K mark. For 22 consecutive days, bulls have tried to break above 100K, but as the price nears this level, bears consistently rejected the move. Currently, BTC broke below our critical support level at 90K confirming a breakdown in market structure. Adding fuel to the bearish fire, Bitcoin has slipped below the weekly 21 EMA (89,503) and SMA (90,437). With the bears now in control, the critical question emerges: Where will Bitcoin find its next foothold? Let’s map the high-probability support zones and strategic entry points for the next potential long opportunity. Using Fibonacci analysis: Fib Speed Fan: With a low of 49K and an ATH of 109,588 (from March), the 0.618 trend line projects support between about 78K and 82K. Anchored VWAP: When anchored from 49K, the VWAP support is around 81.7K. Negative Fibonacci Retracement: From the ATH down to the current low at 91,231, the –0.618 level is at about 79,886. Fib Extension & Retracement: Additional levels lie around 79,466 (1.618 extension) and 79,230 (0.5 retracement). Moving Averages: The 233 EMA/SMA currently ranges between roughly 83K and 78.5K. These indicators converge to form a robust support zone between approximately 83K and 78K. For a more detailed breakdown, please check my previous Bitcoin analysis, where I conducted a deeper examination. Step 1: Understanding Risk Management (The Golden Rule) Before placing a trade, you must decide: 📌 How much you’re willing to lose (risk per trade) 📌 Where you’ll enter and exit (never place a trade without a plan) How Much Should You Risk? Always risk no more than 1–2% of your total account on a single trade. Example (for a $100K Account): 1% Risk = $1,000 max loss 2% Risk = $2,000 max loss For this trade, we plan to risk about $1,366, which is approximately 1.37% of a $100K account. This disciplined approach protects your capital over the long run. Step 2: Where Do We Enter the Trade? (Scaling In) Instead of going all-in at one price, we break our $30,000 investment into 10 smaller entries and exits. This method reduces risk and often achieves a better average entry price. 💡 Why? Because no one can time the exact bottom! Spreading entries reduces risk and gets a better average entry price. www.tradingview.com BTC Buy (Entry) Levels We will buy BTC as it falls from $83,050 down to $78,050 using the following allocation percentages: Entry # Price (BTC) % of Position Amount Invested ($) BTC Acquired 1 83,050 5% $1,500 1,500 ÷ 83,050 = 0.018072 2 82,550 5% $1,500 1,500 ÷ 82,550 = 0.018181 3 82,050 5% $1,500 1,500 ÷ 82,050 = 0.018278 4 81,550 8% $2,400 2,400 ÷ 81,550 = 0.029430 5 81,050 8% $2,400 2,400 ÷ 81,050 = 0.029606 6 80,550 10% $3,000 3,000 ÷ 80,550 = 0.037234 7 80,050 12% $3,600 3,600 ÷ 80,050 = 0.044974 8 79,550 12% $3,600 3,600 ÷ 79,550 = 0.045275 9 79,050 15% $4,500 4,500 ÷ 79,050 = 0.056956 10 78,050 20% $6,000 6,000 ÷ 78,050 = 0.076352 Total Investment: $30,000 Total BTC Acquired: 0.018072 + 0.018181 + 0.018278 + 0.029430 + 0.029606 + 0.037234 + 0.044974 + 0.045275 + 0.056956 + 0.076352 ≈ 0.37436 BTC Average Entry Price: $80,150 Stop Loss: Set at $76,500 Risk per BTC: $80,150 – $76,500 = $3,650 Total Risk: 0.37436 BTC × $3,650 ≈ $1,366 (~1.37% of $100K) Step 3: Where Do We Exit the Trade? (Scaling Out) We exit gradually as BTC rises between $86,950 and $91,450. The exit percentages are as follows: Exit # Price (BTC) % of Position BTC Sold Proceeds ($) 1 86,950 5% 0.018718 0.018718 × 86,950 = $1,628.10 2 87,450 5% 0.018718 0.018718 × 87,450 = $1,637.03 3 87,950 8% 0.029949 0.029949 × 87,950 = $2,638.15 4 88,450 12% 0.044924 0.044924 × 88,450 = $3,976.39 5 88,950 14% 0.052420 0.052420 × 88,950 = $4,664.19 6 89,450 14% 0.052420 0.052420 × 89,450 = $4,691.19 7 89,950 12% 0.044924 0.044924 × 89,950 = $4,047.12 8 90,450 10% 0.037436 0.037436 × 90,450 = $3,388.20 9 90,950 5% 0.018718 0.018718 × 90,950 = $1,705.71 10 91,450 15% 0.056154 0.056154 × 91,450 = $5,137.68 Total BTC Sold: 0.018718×3 + 0.029949 + 0.044924×2 + 0.052420×2 + 0.037436 + 0.056154 = 0.374381 BTC (matches our total acquired ~0.37436 BTC)≈ $33,488.26 Profit on the Trade: Total Proceeds – Total Investment = $33,488.26 – $30,000 = +$3,488.26 Return on the Trade: $3,488.26/$30,000×100≈11.63% On Overall Account: For a $100K account, $3,488 represents a gain of about 3.49% if fully realised on this trade. Risk-to-Reward Ratio: Risk = $1,366; Reward = $3,488; Ratio ≈ $3,488 / $1,366 ≈ 2.55:1 Step 4: Profit & Risk Summary Metric – Per Trade - Based on $100K Account Total Investment - $30,000 - $30,000 (30%) Risk (Stop Loss) - $1,366 (4.6%) - $1,366(1.37%) Profit (Closed) - $3,488 (11.63%) - $3,488 (3.49%) Profit + Runner - $4,311.18 (14.37%) - $4,311.18 (4.31%) Risk-to-Reward Ratio Calculation: If Stop Loss Hits ($76,500): Average Entry Price: $80,150 Loss per BTC: $80,150 – $76,500 = $3,650 Total Risk: 0.37436 BTC × $3,650 ≈ $1,366 (1.37% of a $100K account) If BTC Reaches Our Exit Targets: Total Proceeds: ≈ $33,488 Profit: $33,488 – $30,000 = $3,488 Profit Percentage on Trade: ~11.63% Overall Account Impact: ~3.49% gain on a $100K account Risk-to-Reward Ratio: ~2.55:1 Step 5: The Power of Scaling In & Out Capital Protection: You risk only about $1,366 (1.37% of a $100K account), protecting your capital even during a series of losses. Optimised Entry: Scaling in from $83,050 to $78,050 yields an average entry of about $80,150—significantly lower than the top price. Profit Locking: Scaling out from $86,950 to $91,450 allows you to lock in profits at multiple levels, ensuring you capture gains along the way. Healthy R:R: With a risk-to-reward ratio of approximately 2.55:1, your potential reward significantly outweighs your risk. Discipline & Consistency: This structured approach minimises emotional trading and helps you stick to your plan. Optional Note: While this guide fully closes the trade, leaving a small portion (15%) open (runner) is an option if BTC continues to rally. Step 6: Final Pre-Trade Checklist 🔹 Support & Resistance: Is BTC trading near a strong support zone? 🔹 Technical Indicators: Is BTC holding above key moving averages (e.g., 21 EMA/SMA)? 🔹 Risk Management: Are you only risking 1–2% of your total account? 🔹 Trade Plan: Are you scaling in and out instead of going all-in? Are your entry levels and exit levels clearly defined? 🔹 Market Confirmation: Do volume, candlestick patterns, and order flow support your trade setup? Conclusion ✅ We protect our money by limiting risk ✅ We enter trades gradually (scaling in) ✅ We take profits at multiple levels (scaling out) ✅ We fully close the trade or leave some BTC open to ride the trend higher Final Tips: Common Mistakes to Avoid 👉 Overleveraging – 10x leverage + 2% risk = 20% account risk! 👉 Ignoring Volatility – Tight stops on Bitcoin often trigger early exits. 👉 Never trade based on emotions. Stick to your plan, adhere strictly to your risk management rules, and let your disciplined strategy work in your favour.
Long
by SiDec
1
Next Volatility Period: Around March 4th (March 3rd-5th) Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) Since the RSI indicator has fallen below 30, if the price maintains or rises at the current position, the HA-Low indicator is expected to be generated. Therefore, the key is whether it can be supported near the Fibonacci ratio point of 2.24 (83646.12). In order to turn upward, it must rise above the M-Signal indicator on the 1D chart. However, in order for a full-scale uptrend to begin, the price must rise above the M-Signal indicator on the 1W chart and be maintained. In this regard, I think that the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0) is an important support and resistance range. - The fact that the HA-Low indicator was created means that it has escaped the low range, so it can be used as a basis for creating a trading strategy. However, if it falls without support near the HA-Low indicator, there is a possibility of a stepwise downtrend, so you should think about a countermeasure for this. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto