The key is whether it can rise to around 136.74
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(SOLUSDT 1M chart)
In terms of Fibonacci ratio, the key is whether it can rise after receiving support near 0.5 (98.71).
In order to continue the uptrend, the price must be maintained above the M-Signal indicator on the 1M chart.
Accordingly, we need to see whether it can rise above 136.92 and receive support.
If not, and it falls, you should go up again and check if it is supported near the Fibonacci ratio 0.5 (98.71) or if the HA-Low indicator on the 1M chart is generated, and then create a trading strategy.
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(1D chart)
Therefore, if possible, it is more important to check if it is supported near the HA-Low indicator on the 1D chart, that is, near 136.74.
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Fibonacci ratio 0.5 (98.71) should be interpreted as having an important meaning because it is in the middle of the overall chart.
Fibonacci ratio is a chart tool that helps with chart analysis, but it is not recommended to trade with it.
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(30m chart)
The indicator that can create a trading strategy on my chart is the HA-Low, HA-High indicator.
Therefore, you can create a trading strategy by looking at the movement of the HA-Low, HA-High indicator formed on the time frame chart that you mainly view and trade.
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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 it to update the previous chart 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 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.
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(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)
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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