M-Signal indicator is starting to converge
2025-01-23
Category: None


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This volatility period for ETH is expected to last until January 26.

However, since the volatility period for BTC is expected to last until January 31, it is expected that it will be important to find support at some point after the volatility period until January 26.

It is showing a downward trend from 3265.0-3321.30, which is an important support and resistance area for ETH.

The key is whether it can quickly rise to or above 3265.0-3321.30 and maintain the price.

If it falls below 3136.41, it is likely to fall near the M-Signal indicator on the 1M chart, so a countermeasure is needed.

Therefore, during this volatility period, we need to check in which direction it deviates from the 3136.41-3321.30 range.

If it is supported near 3136.41, it is expected that there will be an attempt to rise again to the 3265.0-3321.30 range.

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As the downtrend progresses, the M-Signal indicators on the 1D, 1W, and 1M charts have begun to converge.

Therefore, it seems likely that it will diverge again after the volatility period on January 26 or January 31.

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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.

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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