Whether the bottom section will be formed is the key
2025-01-01
Category: None


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(USDT 1D chart)

USDT appears to have turned into a gap downtrend.

If it does not rise quickly, the coin market is expected to show a sharp decline.

(USDC 1D chart)

Fortunately, USDC is maintaining a gap uptrend, so there seems to be a possibility of price defense to some extent.

However, since USDC has a lower influence on the coin market than USDT, if USDT maintains a gap downtrend, the coin market is expected to eventually show a decline.

What we need to do is check the stop loss point of the coin (token) we currently hold rather than increasing new transactions and think about how much we should cut loss.

(BTCUSDT 1D chart)

The point to watch is whether the movement of BTC is as updated last time.

If the HA-Low indicator is created, it means that the current wave is finished and a new wave is starting, so whether there is support is an important key.

There is a possibility that the HA-Low indicator will fall after being created and show a stepwise downtrend, but the fact that the HA-Low indicator was created means that it is ultimately forming a bottom section, so it is a time to buy.

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Thank you for reading to the end.
I hope you have a successful transaction.

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- ​​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.

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(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.

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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.

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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

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