The key is whether it can rise above 0.03183

JST / TetherUSBinance

Description

⋅ Jan 13, 2024 12:38 AM

Hello traders!

If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.

-------------------------------------

Thank you for clicking “Boost” on the previous idea, so we have published it again.

(JSTUSDT chart)

(1M charts)

The left Fibonacci ratio is the ratio in a downward trend.

The Fibonacci ratio on the right is the ratio in an uptrend.

What we need to pay attention to is the Fibonacci ratio on the right.

In addition, we have circled areas expected to be important support and resistance areas.

(1W chart)

The HA-Low indicator on the 1W chart is formed at 0.02679.

Accordingly, the key is whether it can receive support and rise in this area.

Since the volume profile section is formed at 0.04187, the upward trend is expected to begin only when it rises above this section.

(1D chart)

The key is whether the price can be maintained by rising above 0.03183.

If not, you should check for support around 0.02679.

Have a good time.
thank you

--------------------------------------------------

- The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.

Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.

If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55

-------------------------------------------------- -------------------------------------------

** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

---------------------------------

Comments

KinaStar

⋅ Jan 13, 2024 4:57 AM

wow very detailed! thank you! could you please analyze LINA coin? Much appreciated!

readCrypto

⋅ Jan 13, 2024 5:23 AM

@KinaStar, (LINAUSDT 1M)

The key is whether it can rise above the volume profile range of 0.013712-0.017980.

To do so, we need to check whether it can receive support and rise around 0.008010.

(1W)

The key is whether it can receive support around 0.008010 and rise above 0.010699.

If not, it is expected to fall to around 0.005636, the HA-Low indicator point on the 1W chart.

The long decline has stopped and is showing sideways movements.

Accordingly, if the price rises above 0.013712-0.017980 and is maintained, the upward trend is expected to continue.

(1D)

Since the volume profile section formed on the 1D chart is formed around 0.0318, a full-fledged upward trend is expected to begin only when the price rises above 0.0318.

As the period lengthens, there is a possibility that the volume profile section may decline, so you must carefully check these changes and create a trading strategy.

If you buy at a price that is too low, the waiting period for it to rise can be quite long, so it is best to buy when it is confirmed that it has risen to an important range and is receiving support.

KinaStar

⋅ Jan 13, 2024 5:39 AM

@readCrypto thank you so much for your wisdom ! you're awesome