Start of decline: Below 97821.58
2024-12-19
Category: None


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The Market Cap chart will be updated again when a new candle is created.



I think the gap increase of USDT, USDC is a trace of funds flowing in.


The increase in BTC dominance means that funds are concentrated on BTC.
You cannot predict the rise and fall of BTC with BTC dominance.


The rise in USDT dominance is likely to be reflected in the decline of the coin market.
The start of the decline in the coin market is expected to begin when it rises above 4.97 and is maintained.

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(BTCUSDT 1W chart)

The point to watch is whether the StochRSI indicator shows a downward trend from the 100 point or whether it switches to a state where StochRSI > StochRSI EMA.

Since the StochRSI indicator is a lagging indicator, you can know the exact value when a new candle is created.

However, if there is a change in the value of the StochRSI indicator when a movement occurs, it means that an important point has been passed.

In that sense, the fact that the StochRSI indicator is maintained at the 100 point despite the current price decline means that an important point has not been passed.

However, there may be fluctuations in the StochRSI indicator value when a new candle is created while the price is falling.

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(1D chart)

The HA-High indicator is expected to be created at 101947.24.

Accordingly, the key is whether it can be supported near 101947.24.

If not, it falls and shows resistance near the MS-Signal (M-Signal on the 1D chart) indicator or 97821.58, there is a possibility of meeting the M-Signal indicator on the 1W chart.

Therefore, before meeting the M-Signal indicator on the 1W chart, you should check whether it is supported near 87.8K-89K or whether the HA-Low indicator or BW(0) indicator is newly created.

If the HA-Low indicator or BW(0) indicator is generated, it is important to see if there is support in the vicinity.

If the HA-Low indicator is generated, it is expected that the current wave will end and a movement to create a new wave will begin.

The start of the decline is expected to start when it falls below 97821.58.

The volatility period is around December 27 (maximum December 26-28).

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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)

In 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 upward trend is expected to continue until 2025.

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(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.

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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.

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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

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