Start of decline: Below 3707.61
2024-12-19
Category: None


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(ETHUSDT 1W chart)

As I mentioned in the BTC idea, when the StochRSI indicator is moving, the value of the StochRSI indicator fluctuates when it passes a meaningful point.

Currently, the value of the StochRSI indicator seems to have fallen from the 100 point.

However, if it rises above a certain point, it is possible that it will show the 100 point again.

Also, you can check the exact value when a new candle occurs.

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In the previous idea, I said that the time to buy is when it is below 3438.16.

The reason is that if it goes up more than that, you may feel psychological anxiety due to volatility.

If you bought an altcoin during this buying period, I think it is likely that it is currently at a similar price range or making a profit.

Otherwise, if it is losing money, the coin (token) can be considered a subordinate coin (token).

In other words, it can be seen as being neglected in the market.

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(1D chart)

It has fallen below the HA-High indicator (3831.12).

It has also fallen below the MS-Signal (M-Signal on the 1D chart) indicator.

Accordingly, the key is whether it can be supported near 3644.71 and rise above the M-Signal indicator on the 1D chart, or if possible, above 3831.12.

If not, and it falls, there is a possibility that it will touch the M-Signal indicator on the 1W chart.

Before that,
1st: 3438.16 ~ 0.618 (3548.07)
2nd: 3265.0-3321.30
You need to check if it is supported near the 1st and 2nd above.

When the decline progresses, if the HA-Low indicator or BW(0) indicator is generated, it is important to check whether there is support near it.

In particular, if the HA-Low indicator is generated, it will close the current wave and create a new wave.

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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 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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