Check support near the M-Signal indicator on the 1D chart
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1M chart)
-
(1W chart)
Indicators indicating lows on the 1M chart and 1W chart, i.e. BW(0), DOM(-60) indicators, are not created.
Therefore, caution is required when trading as it can fall at any time.
This movement is likely to occur until the trend line corresponding to the trend line (1) on the 1M chart is created as a solid line.
-
(1D chart)
There are several trend lines drawn, but the important thing to consider is whether there is support near the section marked with a circle.
Among them, the section that must be broken to create a trend is 89294.25 and 73499.86.
Therefore, the key is whether the price can be maintained near the M-Signal indicator on the 1D chart and rise above 89294.25.
Therefore, the next volatility period is from around April 14th to 17th, and we need to check whether the price can be maintained above the M-Signal indicator on the 1W chart.
If it fails to rise, there is a possibility of falling again to around 78595.86 and 73499.86.
The important thing to consider is whether there is support near the M-Signal indicator on the 1D chart.
-
(30m chart)
The following applies to all time frame charts.
Trading strategies can be created based on whether there is support near the HA-Low and HA-High indicators.
Here, we refer to the movements of the Trend Cloud and StochRSI indicators.
Currently, the HA-High indicator has risen above it and the Trend Cloud indicator is thick, so it can be interpreted that the upward trend is likely to continue.
However, since the StochRSI indicator has fallen in the overbought zone, the upward trend may be limited.
Therefore, it can be interpreted that the support near the M-Signal indicator on the 1D chart is important.
If it continues to rise further, it is expected to touch the M-Signal indicator on the 1W chart.
If it rises or moves sideways, the Trend Cloud indicator will eventually become thinner.
If the Trend Cloud indicator shows resistance while being thin, the possibility of a decline increases, so at that time, you should refer to the various indicators that are generated and respond according to whether there is support near those indicators.
-
If you predict the movement in advance and proceed with the transaction, you may be subject to psychological pressure and may proceed with the wrong transaction, so you should always be careful.
In the HA-Low ~ HA-High indicator section, a trading strategy in the sideways or box section is required.
If it falls below the HA-Low indicator or rises above the HA-High indicator, a trading strategy in the trend is required.
The current example chart is a 30m chart, so this chart requires a trading strategy in the trend.
Therefore, if it shows support above the HA-High indicator, you can create a trading strategy and proceed with the transaction.
Since it is currently located near the M-Signal indicator of the 1D chart, whether there is support near this area is the first trading strategy period.
-
For reference, HA-Low, HA-High indicators are indicators created to create trading strategies, and M-Signal indicators on 1M, 1W, and 1D charts are indicators created to identify trends.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- 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 maintaining an upward trend following a pattern since 2015.
That is, 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.
-
(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)
Based on the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the 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 that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall 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 bear market starts.
------------------------------------------------------
