The key is whether the price can be maintained above 202.45
2025-02-10
Category: None


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(SOLUSDT 1M chart)

In order to turn into a downtrend, it is expected to start by falling below 147.74.

Since the BW(100) indicator was formed at 231.77, the point to watch is whether it can rise above this point. 

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(1W chart)


The key is whether it can receive support near 202.45.

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(1D chart)


The key is whether it can receive support near 194.46, the HA-Low indicator point, and rise above 202.45.

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The charts that do not display support and resistance points and the charts that do are displayed are displayed separately for each time frame chart.

The basic chart for trading is the 1D chart.

Therefore, if you want to trade by looking at charts below 1D charts, it is recommended to mark at least the support and resistance points of the 1D chart.

As traders, the reason we analyze charts is to trade.

Therefore, chart analysis is to select key support and resistance points.

Therefore, you must select key support and resistance points in any way.

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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 maintaining an upward trend following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, it is expected that the upward trend will continue until 2025.

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(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 that we will not 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.

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.

How to view and respond to this is up to you.

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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