The key is whether it can be supported and rise near 3644.71
2025-01-06
Category: None


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(ETHUSDT 1M chart)

The two sections correspond to important support and resistance sections.

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(1W chart)

The key is whether it can be supported near 3644.71 and break through the upper section of the HA-High indicator box on the 1M chart.

If it fails to rise, it is important whether it can be supported near 3265.0-3321.30.

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(1D chart)

As before, we can see that the area below 3438.16 is a buying point.

Therefore, the 3265.0-3321.30 area is an important support and resistance area.

In particular, since the M-Signal indicator on the 1W chart is rising around 3265.0-3321.30, it is expected to play a more important support and resistance role in the future.

The current high point boundary area is 3831.12-3996.22.

Therefore, this high point boundary area can act as a resistance area.

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Since the StochRSI indicator has changed its slope in the overbought area, it is important to check whether there is support around 3644.71.

If it falls without support, you should check for support near the MS-Signal (M-Signal on the 1D chart) indicator.

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

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- ​​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 uptrend and faces a 1-year downtrend.

Accordingly, the uptrend is expected to continue until 2025.

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(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, it is expected that prices below 44K-48K will not be seen in the future.

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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.

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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 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

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