Hello, traders.
If you “Follow”, you can always get new information quickly.
Please click “Boost” as well.
Have a nice day today.
————————————-
(ZECUSDT 1M chart)
–
(1D chart)
Since the M-Signal indicators on the 1D, 1W, and 1M charts are converging, the key is whether it can rise to around 44.80-49.89 and maintain the price.
If it fails to rise, the support around 27.89-33.18 is important.
If the price continues to rise, the HA-High indicator on the 1M chart is formed at 115.72, so it is expected that a full-scale uptrend will begin only when it rises above this point.
If the HA-High indicator on the 1M chart is newly created according to the price movement, it is important to see whether there is support near that point.
Based on the current price position,
1st: 44.80-49.89
2nd: 70.62-48.91
I think that the 1st and 2nd areas above are likely to be resistance zones.
However, if it receives support in this area, it is likely to show a sharp rise.
–
Accordingly, I think that the time to buy is when the M-Signal indicator on the 1D, 1W, and 1M charts rises above this point and shows support.
–
Thank you for reading to the end.
I hope you have a successful transaction.
————————————————–
– 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 maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
–
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not 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
—————–