Next Volatility Period:Around January 23rd - Around January 30th
2025-01-11
Category: None


Hello, traders.

If you "Follow", you can always get new information quickly.

Please click "Boost" as well.
Have a nice day today.

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

(BTCUSDT 1W chart)

There are 3 major rising channels.

The key is whether there is support at the HA-High indicator point of 94742.35.

-
(1D chart)

Since a short-term downward channel has been formed, the point to watch is whether it breaks out of this short-term downward channel.


The key is whether it can rise with support at the important support and resistance zone (93576.0-94742.35).

If it falls below the BW(0) indicator, it is likely to fall to around 87.8K-89K.

In order to turn into a short-term uptrend, it must rise above 97461.86 and maintain the price.

Since the slope of the StochRSI indicator is changing, we can see that support is important around 93576.0-94742.35.

Since the BW and DOM indicators are below 0, we can see that the decline is strong.

This volatility period is until January 11.

Because all indicators are showing a decline, caution is required when trading.

It is recommended not to conduct new transactions during the volatility period if possible.

The reason is that there is a high possibility that the movement will be different from the direction you thought.

-
The next volatility period is around January 23-30.

Therefore, the point of observation is which direction the price can be maintained by moving away from the important support and resistance range (93576.0-94742.35) after this volatility period.

-
If the BW(100) indicator is created and falls and meets the BW(0) indicator, the wave can be considered closed.

Therefore, if it receives support from the BW(0) indicator and rises, it will meet the BW(100) indicator again and close the wave.

If the HA-High indicator is created and falls, it will meet the HA-Low indicator and close the wave.

Since it is currently experiencing resistance near the HA-High indicator and falling, if it fails to rise above the HA-High indicator, it will eventually meet the HA-Low indicator.

The four circle sections marked on the chart correspond to the support and resistance sections.

Therefore, it is expected that a trend will be formed when it breaks out of these four circle sections.

Therefore, it is expected that the future trend will be determined depending on which direction it breaks out of the 87.8K ~ 106133.74 section.


If the OBV indicator does not fall below the Lowest, BTC is likely to maintain its current upward trend or move sideways.

It is easier to interpret the trading volume with the OBV indicator than to interpret the distribution of trading volume.

It should be noted that the rise and fall of OBV does not necessarily lead to a rise and fall in price.

To overcome this, we made it easier to observe by displaying the Highest and Lowest to determine whether the latest high or low is broken.

It is difficult to interpret the indicator as a single indicator.

Therefore, we created the BW indicator or the DOM indicator to supplement this.

-
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, we 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.

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 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 or resistance.

This is because 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 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

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