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Stochastic RSI (STOCH RSI)

Future Outlook with StochRSI and OBV Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I used TradingView's index chart to see the overall flow of BTC. -------------------------------------- (BTCUSD 1M chart) OBV is showing an upward breakout of the High Line. Accordingly, we should look at how the High Line is expressed when the candle of the next month is created. The StochRSI indicator has risen above 50 points, and has changed to a state where StochRSI > StochRSI EMA. Accordingly, we should look at whether it will maintain the current state and show an upward trend. Looking at the movement of the indicators on the 1M chart, I think it is highly likely that the uptrend will continue. - (1W chart) There is some ambiguity in analyzing BTC due to the movement of the 1W chart. The StochRSI indicator is maintained at the 100 point, and the StochRSI EMA indicator is approaching the 100 point. As of now, the StochRSI EMA has never touched the 100 point. Accordingly, I think the pressure for a decline is increasing as time goes by. The OBV indicator has risen above the high line. Accordingly, if a high line is created next week, we should see if it enters the high line. If so, BTC is expected to show a downward trend. However, the StochRSI and OBV indicators cannot tell the extent of the decline. Therefore, if the decline begins, there is a possibility that the MS-Signal (M-Signal on the 1W chart) indicator will be touched. - (1D chart) BW(100) indicator is created at 101197.25. Accordingly, in order to continue the uptrend, the price must rise above 101197.25 to maintain it. The OBV indicator is near the high line. Accordingly, when it rises above 101197.25, we need to see if the OBV indicator breaks through the high line upward. The StochRSI indicator is below 50, and StochRSI < StochRSI EMA. Accordingly, we need to see if it rises above 50 points and switches to a state where StochRSI > StochRSI EMA and is maintained. If not, and BTC falls below 95961.82, there is a possibility that it will touch the M-Signal indicator on the 1W chart. At this time, if the HA-Low indicator or BW(0) indicator is generated, then the important issue is whether there is support near that indicator. ------------------------------------ (BTCUSDT 1D chart) After the volatility period around December 3, it is important to see whether the price can be maintained near the important support and resistance area of ​​95904.28-98892.0 until the next volatility period. Therefore, the point to watch is whether it can reset the StochRSI indicator on the 1W chart while moving sideways unless it falls below 95904.28. The key point is what I said on the BTCUSDT 1D chart. If it rises above the BW(100) indicator point of 101109.59 and maintains the price, and if the StochRSI indicator rises above the 50 point and changes to the state of StochRSI > StochRSI EMA, there is a possibility that it will rise further. However, as I mentioned earlier on the 1W chart, the StochRSI EMA indicator on the 1W chart is approaching the 100 point, so it will eventually show a downward trend. As explained in the big picture below, the coin market is expected to maintain an upward trend until the end of 2025. Therefore, I think that even if there is a short-term decline or a downward trend this time, it will eventually rise above the current price. - 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 in an upward trend 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 -----------------
by readCrypto
Need to check support near the new high point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It seems that funds have flowed into the coin market through USDT and USDC. (BTC.D 1D chart) The point to watch is whether it can meet resistance near the MS-Signal indicator and fall below 55.01. If BTC dominance rises, it means that funds are concentrated on BTC, so altcoins are likely to show a downward trend. However, you cannot predict the rise and fall of BTC prices based on the rise or fall of BTC dominance. (USDT.D 1D chart) The movement of USDT dominance can be used to roughly estimate the overall trend of the coin market. Therefore, if USDT dominance falls, the coin market is likely to show an upward trend, and if it rises, it is likely to show a downward trend. Therefore, the movement of prices can be identified by the movement of USDT dominance. Therefore, you can roughly estimate the movement of funds with BTC dominance and the trend with USDT dominance. ------------------------------------------------ (BTCUSDT 1D chart) Although the StochRSI indicator has fallen below 50, the price of BTC is actually showing an upward trend. Accordingly, it is necessary to check whether the StochRSI indicator turns upward again and whether it turns into a state where StochRSI > StochRSI EMA. It is currently showing an upward trend near 101109.59, which is the BW(100) indicator point. Accordingly, whether there is support near 101109.59 is the key. If the StochRSI indicator fails to turn into a state where StochRSI > StochRSI EMA and shows a downward trend, it is expected to fall again to the 95904.28-98892.0 range. - Therefore, what we should consider important in the current movement is whether we can reset the StochRSI indicator on the 1W chart while maintaining the price around the newly formed high point range of 97821.58-101109.58 until around December 27th. Based on the high point range of 97821.58-101109.58, this means that 101109.58 or higher is the high point. Therefore, it is better to interpret the high point range as a high point boundary range. Therefore, if it rises above the high point range and then falls below the high point range, it is highly likely that it will lead to an additional decline, and we should consider countermeasures for this. When the decline begins, the downtrend will stop as it finally creates a low point range (low point boundary range). That is, when it meets the HA-Low indicator and BW(0) indicator, it will create a low point section. If it creates a low point section and then creates a bottom section, an upward trend will begin. If we organize this movement, 1. It rises in the section composed of the HA-Low, BW(0) indicator and most of the movement appears within the section composed of the HA-High, BW(100) indicator. That is, the HA-Low, BW(0) section ~ HA-High, BW(100) section forms a sideways, box section. 2. If it falls in the section composed of the HA-Low, BW(0) indicator, it is highly likely to create a downward wave and show a stepwise downward trend. However, since this step-down trend will eventually play a role in creating a bottom section, if the HA-Low, BW(0) indicators show a rise higher than the previous HA-Low, BW(0) indicators, it can be interpreted that there is a high possibility that a bottom section will be formed at that time. 3. If it rises in the section composed of the HA-High, BW(100) indicators, it is highly likely that it will create an upward wave and show a step-up trend. Therefore, it is recommended to set a stop loss point when trading because there is a high possibility that it will turn into a downtrend when it falls above the section composed of the HA-High, BW(100) indicators. However, it is necessary to check the correlation with the M-Signal indicator on the 1M, 1W, and 1D charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
1
The key is whether it can be supported around 224.93-228.97 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- (AMZN 1M chart) It is already showing an upward trend. The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57). If it fails to rise, it is expected to fall to around 172.55-186.98. - (1W chart) Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend. Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57). If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator. If it falls further, it is necessary to check whether there is support near 176.77-188.07. - (1D chart) The HA-High indicator is showing signs of being created at the 224.93 point. Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97. If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise. If not, it is likely to touch the M-Signal indicator on the 1W chart. - When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline. If it leads to a decline, 1st: M-Signal on the 1D chart 2nd: M-Signal on the 1W chart You need to check whether it can be supported and rise near the 1st and 2nd above. Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy. The first sell period is near the Fibonacci ratio 1 (238.57). - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AMZN
by readCrypto
The key is whether it can rise above 134.27-143.90 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (AMD 1M chart) The key is whether it can maintain the price by rising above the 139.15 section. If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful. - (1W chart) The key is whether it can rise after receiving support near 134.27-143.90. If not, 1st: 108.10 2nd: 81.99 You need to check whether there is support near the 1st and 2nd above. However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue. It is expected to create an upward wave if it rises above 177.25-180.49. - (1D chart) It is currently located near the box section of the HA-Low indicator. In other words, the key is whether it can receive support and rise near 130.24-153.60. If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading. - What we need to look at is whether the HA-Low indicator turns upward. The fact that the HA-Low indicator is created means that a low point has been formed. However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created. Therefore, you can buy when it shows support near the HA-Low indicator. However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point. - If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator. In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin. However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again. - It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or - It creates an upward wave by rising above the HA-High indicator, or - It creates a downward wave by falling below the HA-Low indicator. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AMD
by readCrypto
Whether it can rise above 3831.12-3996.22 is the key Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) There are several lines on the chart, but what is important to look at at the current location is whether it can rise above the 3831.12-3996.22 section. The 3831.12-3996.22 section is a section composed of HA-High and BW(100) indicators, so it can be seen as a high point section. If it rises above the high point section and maintains the price, it is highly likely to show a stepwise upward trend. However, if it fails to rise above the high point range or falls above the high point range, there is a possibility that it will form a high point and turn into a downtrend, so caution is required when trading. Therefore, it is necessary to check the correlation between the high point range (the range consisting of the HA-High, BW(100) indicators) and the M-Signal indicators of the 1M, 1W, and 1D charts to determine whether it is a movement that is turning into a downtrend or creating a pull back pattern. Since the current high point range and the M-Signal indicator of the 1D chart are close, it can be seen that the possibility of turning into a downtrend is actually increasing. Therefore, the key is whether it can maintain the price by rising above the high point range (3831.12-3996.22) this time and whether it can be supported near the M-Signal indicator of the 1D chart. The next volatility period for ETH is around December 16th, so the point to watch is whether the price is maintained above the M-Signal indicator on the 1D chart. - If it falls below the M-Signal indicator on the 1D chart, it is expected to meet the M-Signal indicator on the 1W chart. If the HA-Low and BW(0) indicators are generated at this time, it is a meaningful section. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section 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 bull market and faces a 1-year bear market. Accordingly, the bull market 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, we 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. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Watching whether it can rise above 98821.58 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It's the same idea as the previous one. The key is whether it can maintain the M-Signal and MS-Signal indicators on the 1D chart until around December 27. In order for the uptrend to start, it is expected to start by rising above 97821.58 and showing support. If it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart. Therefore, the 95904.28-98892.0 section is an important support and resistance section. ------------------------------------------- USDT, USDC are still showing an upward trend. (BTC.D 1D chart) The point of interest is whether it can fall below 55.01 by falling near the MS-Signal indicator. (USDT.D 1D chart) The point of interest is whether it can meet resistance near the 3.92-4.31 range and maintain a downward trend. - I think the gap increase of USDT, USDC is a trace of funds flowing into the coin market. On the other hand, I think the gap decrease is a trace of funds flowing out of the coin market. If BTC dominance falls below 55.01 and is maintained or continues to decline, an altcoin bull market is expected to begin. USDT dominance is expected to fall to around 2.84 and maintain an upward trend in the coin market. Accordingly, if it touches around 2.84 and rises, the coin market is likely to face a sharp decline. Also, if it rises above 4.97, I think the coin market is likely to turn into a bear market. ---------------------------------------- (BTCUSDT 1D chart) The point to watch is whether it can receive support and rise around the important support and resistance area of ​​95904.28-98892.0. The next period of volatility is expected to be around December 27, so we need to check whether it can continue sideways until then. This movement can be seen as a task to reduce the gap of the M-Signal indicators on the 1D, 1W, and 1M charts or to reset the StochRSI indicator. If it falls below the M-Signal and MS-Signal indicators on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart. At this time, if the HA-Low and BW(0) indicators are generated, the key is whether there is support around that area. - When the StochRSI indicator falls below the 50 point range, if it shows resistance below the M-Signal indicator on the 1D chart, it is necessary to first check whether there is support around 87.8K-89K. In order to continue the upward trend, it must rise above 97821.58 and show support. Therefore, if it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart. - Have a good time. Thank you. -------------------------------------------------- - ​​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, we 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, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will 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 this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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 -----------------
by readCrypto
Possibility of sideways until the next volatility period (Title) The key is whether sideways can occur until the next volatility period ------------------------------ Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) (USDT.D 1D chart) The point to watch for USDT and USDC is whether they can maintain their upward trend. BTC dominance failed to fall below 55.01 and is showing signs of touching the MS-Signal indicator. The key is whether it can meet resistance near the MS-Signal indicator and fall. The key is whether USDT dominance can meet resistance near the 3.92-4.31 range and fall. I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and remain there or continue to fall. For the coin market itself to maintain an upward trend, I think that USDT dominance needs to remain below 4.97 or continue to fall. Therefore, we need to check whether the content I mentioned above is maintained or whether it satisfies the content for BTC. ---------------------------------------- (BTCUSDT 1D chart) As I mentioned yesterday, there has been a movement in BTC dominance and USDT dominance. However, I think that for the trend to change, it depends on how BTC moves around 95904.28-98892.0. That is, if the price is maintained around 95904.28-98892.0 until around December 27, I think it is highly likely that the StochRSI indicator will be reset and the upward trend will continue. Otherwise, if it falls below the M-Signal indicator on the 1D chart, that is, below the MS-Signal indicator, and shows resistance, it is likely to touch the M-Signal indicator on the 1W chart. This movement can be seen as a pull back due to profit taking to relieve fatigue from the upward trend that has continued so far. I think this can be seen as profit taking for the upward trend that started in 2023. - Due to this decline, the BW(100) indicator is showing signs of being created at the 101109.59 point and the HA-High indicator at the 97821.58 point. Accordingly, we can see that the high point section has risen. Therefore, if the HA-High indicator is generated at the 97821.58 point, the key is whether it can be supported and rise around this area. In any case, what we need to look at importantly is whether it can be supported and rise around the M-Signal and MS-Signal indicators on the 1D chart. The key is whether it can be maintained until the next volatility period, around December 27th. To do so, I think funds should flow out of altcoins and the price of BTC should be defended. I think it is currently showing that pattern, but I will have to wait and see a little longer. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
1
The key is whether it can be supported around 3438.16-3644.71 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) If you look at BTC Idea, I think you can understand the current movement. - The important support and resistance range for ETH is 3265.0-3321.30. If the price maintains above this range, ETH is expected to continue its upward trend. To do that, we first need to check whether it is supported around the 3438.16-3644.71 range. The reason is that if it is supported and rises near this section, it is highly likely to lead to an increase to renew the ATH. - Similar to the movement of BTC, the high section is showing an upward trend. Accordingly, if the HA-High indicator is created at the 3831.12 point, the key is whether it can maintain the price by rising above that area. If it fails to rise, it is likely to meet the M-Signal indicator on the 1W chart near the important support and resistance area. At this time, if the HA-Low indicator is created, I think it will reset the uptrend so far and determine the trend again. - The creation of the HA-Low indicator means that the low section has been formed. Therefore, if the HA-Low indicator is created and shows support near that area, I think it is highly likely that a new upward wave will be created. However, if it falls below the HA-Low indicator and shows resistance, it is likely to show a step-down trend because it is falling below the low point, so you should think about a countermeasure for this. - For now, you should check whether the price can be maintained and rise near the M-Signal and MS-Signal indicators on the 1D chart. The next volatility period for ETH is around December 16, so the point of observation is what kind of movement it shows at that time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire BTC section. (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 uptrend and faces a 1-year downtrend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, 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, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
The point of interest is whether BTC.D can fall below 55.01 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTC.D 1D chart) If it falls below 55.01 this time and fails to maintain, it is possible that it will touch the MS-Signal indicator. Since the BTC dominance is rising, it means that funds are concentrated toward BTC, so altcoins are likely to move sideways or show a downward trend. - (USDT.D 1D chart) As USDT dominance falls below 4.97, it can be seen that the coin market has started an upward trend. Therefore, in this upward trend, USDT dominance is expected to fall to around 2.84. We can see that support and resistance points are concentrated in the 3.92-4.31 range of USDT dominance. Therefore, the point of observation is whether it can meet resistance in this range and continue the downward trend. If USDT dominance touches around 2.84 and rises or rises above 4.97, the coin market is expected to show a sharp decline. If it rises above 4.97, the coin market is likely to be in a downward trend. If it touches around 2.84 and rises, I think the coin market is likely to show a movement to form a high range. Therefore, it is expected to form a high point while shaking up and down and start a downtrend. -------------------------------------------------------------- 1W chart will be updated after a new candle is created. (BTCUSDT 1D chart) The key is whether it can receive support and rise near the important support and resistance area of ​​95904.28-98892.0. If it falls below the important support and resistance area, it is likely to touch the M-Signal indicator on the 1W chart. - If the price maintains near the 95904.28-98892.0 area during the period for the StochRSI indicator to reset, it is expected to start an uptrend to rise above the Fibonacci ratio of 2.24 (116940.43). Accordingly, the point of interest is whether the price can be maintained around the 95904.28-98892.0 range until the next volatility period, around December 27th. - The HA-Low indicator on the 1D chart is formed at the 56204.13 point. If the HA-Low indicator on the 1D chart is generated when the decline proceeds below the 95904.28-98892.0 range this time, I think the key point will be whether there is support around that area. - Whether ETH can renew the ATH when moving sideways until the next volatility period of BTC is also a point of interest. - Have a good time. Thank you. -------------------------------------------------- - ​​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 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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
3
Viewing Point: 2.2181-2.5102 Support -> 3.618 (3.2983) Up Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (XRPUSDT 1D chart) I think that coins (tokens) that are renewing their ATH are in a virtually unpredictable range. However, it is only possible to roughly predict support and resistance points based on the movements of indicators generated by price movements or Fibonacci ratios. - The Fibonacci ratio currently displayed on the chart is drawn using Trend-Based Fib Extension. The selected point is marked with X. The final point of the Fibonacci ratio drawn this way is 3.618 (3.2983). After that, you need to draw it again using a different wave. - However, when the price falls while making waves, you need to think about a response plan by checking whether there is support from the movement of indicators such as BW(100), HA-High, BW(0), HA-Low, M-Signal (1M, 1W, 1D charts). HA-High, BW(100) indicators indicate high point ranges, so if the price is maintained above the 2.218-2.5102 range, it means that it is in the high point range. Therefore, if the price is maintained in this high point range, it is highly likely to lead to an additional rise. If it fails to do so and falls, it is highly likely that a downtrend will eventually begin. - Even though the price has risen, the StochRSI indicator is in the oversold range. Therefore, when the StochRSI indicator rises in the oversold range and becomes StochRSI > StochRSI EMA, if it is supported near the high point range (2.218-2.5102), it is expected to rise near the Fibonacci ratio 3.618 (3.2983). At this time, the BW indicator should be maintained above the 50 point. - When the M-Signal indicator of the 1D chart rises to around 2.2181, if XRP falls, there is a possibility that it will touch the M-Signal indicator of the 1W chart, so you should think about a response plan for this. - Have a good time. Thank you. -------------------------------------------------- - ​​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, we 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. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Possibility of initialization of StochRSI indicator Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) ETH is currently located within the upper range of the HA-High indicator box on the 1M chart. Accordingly, if it rises above the Fibonacci ratio of 0.786 (4188.95), it is likely to create a new rising wave from a long-term perspective. The point of interest is whether it can renew the ATH. - If it fails to rise and falls below the Fibonacci ratio of 0.707 (3887.58), 1st: 3438.16-3644.71 2nd: 3265.0-3321.30 It is necessary to check whether it is supported near the 1st and 2nd above. - Currently, the StochRSI indicator has touched the 100 point, so the possibility of volatility is increasing. Therefore, the point of observation is how to reset the StochRSI indicator. - (ETHUSDT 1D chart) The point of observation is in which direction it deviates from the Fibonacci ratio of 0.707 (3887.58) ~ 0.786 (4188.95). The next volatility period for ETH is around December 16th. Therefore, the key is whether the price can maintain and rise around the Fibonacci ratio 0.707 (3887.58) ~ 0.786 (4188.95) range until then. If not, if it falls, it is expected to touch the M-Signal indicator on the 1D chart. - Have a good time. Thank you. -------------------------------------------------- - ​​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 bull market and faces a 1-year bear market. Accordingly, the bull market 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, we 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. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
ETH's next volatility period: around December 16 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Since BTC is currently renewing its ATH, if the price of BTC maintains a reasonable level, I think ETH and altcoins are likely to continue their upward trend. This is because funds are continuously flowing in through USDT or USDC. This inflow of funds can be seen as evidence that the FOMO phenomenon is being created. - However, if someone continues to sell, there will be a change of hands. If this change of hands is somewhat from the powerful to individual investors, it will eventually turn into a downtrend. In that sense, the altcoin bull market can be seen as the last stage of the bull market. - What we need to think about here is that the coin market is expected to maintain an uptrend until 2025. Therefore, if it shows signs of turning into a downtrend, we need to secure some cash to realize profits and buy again. - I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and be maintained or continue to decline. Therefore, the current market can be seen as the beginning of entering the altcoin bull market. - The point of interest is whether ETH can maintain its price around 3602.01-3707.61 or higher. If so, it is expected to renew the ATH. As I mentioned in the explanation of the BTC chart, if it falls below the M-Signal indicator on the 1D chart, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a response plan for this. - For altcoins, if BTC is maintained near or above the important support and resistance zone, it is more likely to turn into profit more quickly if you focus on finding the right time to buy when the candle on the 1D chart is a downward candle. - Have a good time. Thank you. -------------------------------------------------- - ​​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 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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
1
Important Support and Resistance Zones: 95904.28-98892.0 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) It has risen by about 500% so far. I think profit taking is naturally taking place as it rises to a new price range. - (1D chart) Therefore, the point of interest is whether the price can be maintained around 95904.28-98892.0 or higher until the next volatility period. If BTC maintains its price around this range, it is expected that the upward trend will continue to create an altcoin bull market. - The 95904.28-98892.0 range is a range composed of the HA-High indicator and the BW(100) indicator, and can be considered a high point range. Therefore, if it falls below this range, it is likely to fall further because it has fallen from the high point range. Therefore, the key is whether the price can be maintained when the M-Signal indicator on the 1D chart rises within this range. As mentioned earlier, if it falls below the M-Signal indicator on the 1D chart and encounters resistance, it is likely to meet the M-Signal indicator on the 1W chart, so you should think about a countermeasure for this. If it falls below the 95904.28-98892.0 range, it is expected that altcoins will show a sharp decline. - (1W chart) What we should be interested in in this movement is how the StochRSI indicator on the 1W chart resets. We need to see if the StochRSI indicator resets with a large decline or if it resets sideways. - If the price stays around 95904.28-98892.0 or higher until the next volatility period, it is expected to move upwards towards the Fibonacci ratio 2.24 (116940.43). - Have a nice time. Thank you. -------------------------------------------------- - ​​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 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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
3
Next Volatility Period: Around December 27 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period has ended. The key is whether it can rise above the BW(100) indicator point of 98892.0. If not, if it falls, the point to watch is whether it can be supported near the HA-High indicator point of 95904.28. The next volatility period is around December 27. By now, we should look at the direction in which the HA-High indicator box range, 91792.14-98871.80, has deviated. - (1W chart) What is important to check this month is how the StochRSI indicator on the 1W chart is initialized. That is, what movement does it show when the StochRSI indicator falls from the overbought range and becomes StochRSI < StochRSI EMA. Since the StochRSI EMA indicator has never touched the 100 point so far, the downward pressure will increase as it gets closer to the 100 point. ------------------------------------------- (BTC.D 1D chart) If BTC dominance falls below 55.01 and is maintained or continues to fall, it is expected that the altcoin bull market will begin. It seems that some altcoins will start to pump in a circular manner. Therefore, if the altcoin I bought is rising slowly or rather falling, do not switch to another altcoin and wait, and the pumping will begin in order. - (USDT.D 1M chart) This altcoin bull market is expected to continue until the USDT dominance falls to around 2.84. - Have a good time. Thank you. -------------------------------------------------- - ​​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 -----------------
by readCrypto
The point of interest is whether it can rise above 2.5102 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (XRPUSDT 1M chart) It is difficult to predict how high a coin (token) that has updated its ATH will rise. However, in such cases, the Fibonacci ratio, which is the most commonly used chart tool, is used to make a rough prediction. - Since there is a previous candle below the Fibonacci ratio 2 (1.9574), you can use the support and resistance points. The current point of interest is whether it can rise above the Fibonacci ratio 2.618 (2.4696). If the price rises above the Fibonacci ratio 2.618 (2.4696) this time and maintains, it seems likely that the rise will continue to rise near the Fibonacci ratio 3.618 (3.2983). - (1D chart) Due to the large rise, the gap between the M-Signal indicators on the 1D, 1W, and 1M charts is large, and also, the gap between the 5EMA on the 1D chart and the M-Signal indicator on the 1D chart is quite large. Accordingly, the point of interest is whether sideways movement occurs to reduce the gap. Since the BW(100) indicator was created at the 2.5102 point due to this decline, it is expected that the uptrend will continue only if it rises above 2.5102. If it moves sideways or falls this time, I think it is likely to continue until the M-Signal indicator on the 1D chart or the HA-High indicator on the 1D chart is created. The current HA-High indicator is located at 1.3714, so if it falls a little more, it seems likely that a new HA-High indicator will be created. - Have a good time. Thank you. -------------------------------------------------- - ​​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, we 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. In other words, it 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, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Example of how to trade in an altcoin bull market Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The volatility period of ETH is expected to continue until December 5th. The point to watch is whether the price can be maintained above 3707.61 and the ATH can be renewed. As the price rises, I think the important support and resistance area is the 3265.0-3321.30 area. Therefore, if the price is maintained above this important support and resistance area, I think it is likely to continue the uptrend. However, if it falls below the BW (100) and HA-High indicators, there is a possibility that a downtrend will begin, so you should think about a countermeasure for this. --------------------------------------- I think it is better to refrain from trading with a sell (SHORT) position in an altcoin rising market and trade mainly with a buy (LONG) position. The reason is that there are many more cases where it pretends to fall and then rises. Therefore, it is better to find a time to buy when the candle on the 1D chart is a falling candle and it shows support near the support and resistance points drawn on the 1M, 1W, and 1D charts. However, coins (tokens) that have updated their ATH do not have support and resistance points, so it is impossible to confirm whether they are supported. In this case, it is recommended to buy when the candlestick on the 1D chart is a bearish candlestick, when the StochRSI indicator on the 1h chart rises below the 50 point, or when it shows support from indicators such as BW(0), HA-Low, BW(100), and HA-High. The fact that BW(0) and HA-Low indicators are created means that a low point range has been formed, so if support is confirmed near the range made up of these indicators, it can be considered a buying period. - The fact that BW(100) and HA-High indicators are created means that a high point range has been formed, so if it fails to break through the range made up of these indicators, it is a time for a split sale. However, when an altcoin bull market is in progress, it is recommended to lower the proportion of split sales or wait. - The question of which altcoin will rise is a meaningless question given the current flow of the coin market. In an altcoin bull market, it is better to ignore most auxiliary indicators or the increase in price and trade. If you pay attention to auxiliary indicators or the increase in price, you will miss the time to buy and buy after the price rises, which increases the possibility of failure in trading. Therefore, as I mentioned earlier, when the candle on the 1D chart is a downward candle, you need to think about how to proceed with the purchase and focus on finding the right time to buy. However, since it can fall again, it is better to adjust the weight with the intention of buying in installments from the beginning. In addition, you need to set a stop loss point to reduce damage caused by a sudden drop. This is because if it suddenly fails to turn into an upward trend and falls, you can suffer great damage. Therefore, when buying, consider whether to buy in installments or cut your loss and find a new time to buy, and then proceed with the purchase to reduce the psychological burden. - Have a good time. Thank you. -------------------------------------------------- - ​​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 -----------------
by readCrypto
It seems that the altcoin bull market will start soon Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- - Funds are still flowing into the coin market, - BTC dominance has already touched the 55.01 point. Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start. This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84. However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet. The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy. Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait. If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading. ------------------------------------------ (BTCUSDT 1D chart) Even so, this is only possible if the price of BTC is maintained above a certain point. Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher. If it fails to do so and falls, the coin market will show a decline of -10% or more. - Therefore, it can be said that it is time to trade altcoins rather than BTC. When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible. However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond. Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss. - (1h chart) - Check whether the wave of the StochRSI indicator on the 1h chart and - Check whether it is supported near the section composed of the BW(0), HA-Low indicator, - Check whether it breaks through the section composed of the BW(100), HA-High indicator, I think it is good to determine the timing of altcoin trading while checking the relationship above. ----------------------------------- This volatility period is expected to last until December 4th. The next volatility period is expected to be around December 27th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto
ETH's volatility period is expected to last until December 5th Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Unlike the BTC chart, the HA-High indicator is showing signs of rising and being created. Accordingly, when the HA-High indicator is created at the 3602.01 point, the key is whether there is support near that point. - BTC's volatility period is expected to last until December 4th. However, since ETH's volatility period is expected to last until December 5th, we need to check whether it can be supported near 3644.71. Currently, the StochRSI indicator has fallen from the overbought zone and has switched to a state where StochRSI < StochRSI EMA, so whether there is support is expected to be an important point of observation. When the initialization of this StochRSI indicator is completed and it switches to an upward trend, if the price is maintained above 3644.71, it is expected to show an increase to renew the ATH. Since the BW(100) indicator on the 1D chart was created at the 3707.61 point due to this decline, the possibility of an upward trend starting has increased if it rises above 3707.61. - Have a good time. Thank you. -------------------------------------------------- - ​​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 that it has 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. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we 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. In other words, it 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. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
The Beginning and End of the Altcoin Bull Market Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (USDT Chart) (USDC Chart) A lot of money is flowing into the coin market. - (BTC.D 1M chart) If BTC dominance falls below 55.01 and is maintained or continues to decline, the coin market is expected to start an altcoin bull market. When the altcoin bull market starts (some altcoins have started to rise), if you buy when the candle on the 1D chart is a bearish candle, you will almost always be able to make a profit. However, when the altcoin bull market starts, there is a high possibility that the altcoin will rise due to cyclical pumping, so it is recommended to maintain the coin (token) you have purchased once if possible. Then, if you buy when the candle on the 1D chart is a bearish candle one day, it may turn into a bearish trend, so it is recommended to set a stop loss point. It is necessary to consider a strategy to maximize profits by purchasing additional altcoins that are currently held, that is, altcoins with a yield of over 50%, when they show a decline of around -10%. When purchasing additional altcoins, it is recommended to proceed after confirming that they are supported by the support and resistance points drawn on the 1M, 1W, and 1D charts. - (USDT.D 1M chart) Then, I wonder how long the altcoin bull market will continue. I expect the altcoin bull market to continue until the USDT dominance falls to around 2.84. After that, the coin market is expected to experience a large plunge as the USDT dominance rises significantly. ------------------------------------------- (BTCUSDT 1W chart) Since the StochRSI indicator on the 1W chart has touched the 100 point in the overbought zone, an initialization operation is expected to occur. If this initialization operation maintains the price above 1.618 (89050.0), the coin market is expected to continue its upward trend. - (1D chart) Since the StochRSI indicator on the 1D chart has entered the 50 point zone, volatility is likely to occur. It is expected that the volatility period will continue until December 4, so it is necessary to check the movement. If BTC falls below the M-Signal indicator on the 1D chart, i.e. below 90586.92, most coins (tokens) in the coin market are expected to record a large decline. However, if it shows support around 87.8K-89K, it will show a large increase again. The large increase at this time will be in altcoins. - Since the box section of the current HA-High indicator is formed over the 91792.14-98871.80 section, the point to watch is whether it moves sideways around this section. If BTC rises to around 1.902 (101784.54), I think the coin market is likely to record a large increase. However, if BTC falls below 98892.0, it is expected to fall again, so caution is required when trading. - As I mentioned in the 1W chart description, if BTC touches over 100K or falls after encountering resistance near 98892.0, you should check if the StochRSI indicator on the 1W chart is initialized. This is expected to be an important time to decide when to buy in the short term. - Please refer to the previous idea charts for information on BTC's down or up points. - Have a good time. Thank you. -------------------------------------------------- - ​​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 uptrend and faces a 1-year downtrend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, 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, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
Starting point for renewing ATH: 3644.71 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) Similar to the BTC chart, the StochRSI indicator on the 1W chart of ETH is expected to undergo initialization. If this initialization maintains the price above 3438.16, ETH is expected to renew the ATH. - (1D chart) I told you that when ETH shows sideways movement below 3438.16, it is a time to buy. Currently, it is testing support at 3644.71, i.e., the starting line for renewing the ATH. If support is confirmed, a large increase is expected. If it fails to support and falls, 1st: 0.618 (3548.07) 2nd: 3438.16 3rd: 3265.0-3321.30 You need to check which area among the 1st and 3rd areas above supports it. If it falls below 3265.0, it is likely to take some time to rise, so you need to think about a countermeasure for this. - Anyway, the upcoming initialization of the StochRSI indicator on the 1W chart of BTC and ETH is expected to be the last time to buy heavily in this altcoin bull market. - Have a good time. Thank you. -------------------------------------------------- - ​​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 following a pattern since 2015 and has been rising. 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. - (LOG chart) Looking at the LOG chart, you can see that the rise is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it 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, it is expected that this Fibonacci ratio will 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 this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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 -----------------
by readCrypto
This volatility period is expected to last until December 4th Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1M chart) If it rises further, it is expected to rise to around 2 (106178.85). If it falls, you should check if it is supported around 1.618 (89050.0). - (1W chart) The slope of the StochRSI EMA seems to be almost horizontal. It seems that the initialization of the StochRSI indicator is not far away. When the StochRSI indicator falls from the overbought zone, the point to watch is where it is supported. - (1D chart) The key is whether it can be supported near the HA-High indicator point of 96372.40 and rise above the BW(100) indicator point of 98892.0. If it fails to rise, 1st: M-Signal on the 1D chart 2nd: 87.8K-89K 3rd: 79.9K-80.9K You need to check where it is supported among the 1st and 3rd areas above. - This volatility period is expected to continue until December 4th, so be careful when trading. If BTC continues to move sideways during this volatility period, altcoins are likely to show an upward trend. - Have a nice time. Thank you. -------------------------------------------------- - ​​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 in an upward trend since 2015. In other words, 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. - (LOG chart) Looking at the LOG chart, you can see that the uptrend 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 -----------------
by readCrypto
Let's check the movement of this volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The StochRSI EMA indicator has risen above 87. Accordingly, the StochRSI indicator is expected to be reset soon. At this time, 1st: 3644.71 2nd: 3438.16 We need to check whether there is support near the 1st and 2nd above. Since the M-Signal indicator on the 1D chart is rising near 3438.16, it is necessary to be careful as there is a possibility of a downward trend if it falls below 3265.0-3321.30. Therefore, the point to watch is whether the price can be maintained around 3644.71 and rise after December 4th. - If the price is maintained above 3644.71, it is expected to renew the ATH. - Currently, the StochRSI indicator on the BTCUSDT 1D chart is rising in the oversold zone and is showing signs of changing to a state where StochRSI > StochRSI EMA, so it seems likely to rise. Accordingly, if the StochRSI indicator of ETH is reset when BTC rises, ETH is likely to renew the ATH more quickly. - Have a good time. Thank you. -------------------------------------------------- - ​​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 -----------------
by readCrypto
Arrived at the starting line for the ATH update Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) It is rising as the starting point for the ATH update. Accordingly, it is important to see whether it can receive support and rise near 3644.71. - Unlike the BTC chart, you can see that the gap between the M-Signals on the 1D, 1W, and 1M charts is narrow. Therefore, it is expected that the trend will be determined again after the ATH update this time. - Based on the current price position, the important support and resistance zone is 3265.0-3321.30. Therefore, if the price is maintained above 3265.0-3321.30, I think it is highly likely that the uptrend will continue. - (1M chart) I wonder how high it can rise if the ATH is renewed. I think the Fibonacci ratio can solve this curiosity a little. Based on the currently drawn Fibonacci ratio, if it rises above 1 (5005.30), it is expected that the rise will begin to rise to around 1.618 (7362.80). - Have a good time. Thank you. -------------------------------------------------- - ​​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 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. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to 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 -----------------
by readCrypto