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(BTCUSDT 1D chart)
If the price is maintained above the M-Signal indicator on the 1D chart, there is a high possibility that it will turn into a short-term uptrend.
However, since the HA-High indicator on the 1D chart is formed at the 89294.25 point, it can be interpreted that it has not yet escaped the low point.
Therefore, it is recommended to trade with a short and quick response such as scalping or day trading until the price rises above 89294.25 and maintains.
I think the rising trend line (2) is an important trend line that changes the trend.
Therefore, we need to check whether it can rise along the rising trend line (2).
Therefore, it is important to see whether it rises above the rising trend line (2) after passing the next volatility period, around April 14 (April 13-15).
If it fails to rise, that is, fails to rise above the M-Signal indicator on the 1W chart, it is expected that it will eventually show a downward trend again.
Since the StochRSI indicator has risen above the midpoint, it is better to start focusing on finding a selling point rather than a buying point.
In summary, in order to rise above 89294.25, I think it is possible if the StochRSI indicator shows a wave that moves from the overbought zone to the oversold zone and from the oversold zone to the overbought zone, and it is supported near the M-Signal indicator on the 1W chart.
If not, and it goes up right away and touches the area around 89294.25, there is a possibility that the area around 89294.25 will act as resistance.
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(30m chart)
I think the important thing is where to start and where to end the trade.
The indicators used to find the answer are the HA-Low and HA-High indicators.
When the HA-Low indicator is first created, if it receives support and rises and the Trend Cloud indicator shows an upward trend, it is a buying period.
In other words, when it shows support near the HA-Low indicator, it is an aggressive buying period.
Then, when it rises and meets the HA-High indicator, that is the first selling period.
The HA-High indicator, like the HA-Low indicator, also receives resistance and falls when the HA-High is newly created and the Trend Cloud indicator shows a downward trend, it is a selling period.
In other words, when it shows resistance near the HA-High indicator, it is the first selling period.
In the case of futures trading, it is the aggressive selling (SHORT) period.
Therefore, the HA-Low and HA-High indicators can be used as criteria for creating trading strategies.
Most of the trading is in the sideways and box sections within the HA-Low ~ HA-High indicator range.
If it falls below the HA-Low indicator or rises above the HA-High indicator, you should switch to a trading strategy in the trend.
Therefore, if you bought near the HA-Low indicator, you can sell first near the HA-High indicator and then respond according to the situation.
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Rather than thinking about how far it will rise or fall before starting a trade, it is more important to find out which points are important support and resistance points.
Once you find that point, you can boldly start trading and respond to the rest according to the situation.
I use the HA-Low, HA-High indicators as the standard.
The most important indicators for creating a trading strategy are, of course, the HA-Low, HA-High indicators.
I use the Trend Cloud indicator and the M-Signal indicators on the 1D, 1W, and 1M charts as reference indicators for buying or selling from the HA-Low, HA-High indicators.
The remaining indicators are auxiliary indicators for conducting detailed corresponding transactions.
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Thank you for reading to the end.
I hope you have a successful transaction.
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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 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 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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