Support and Resistance Zone: 5.907-6.920
2025-01-22
Category: None


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(DOTUSDT 1M chart)

From a trend perspective, in order to start an uptrend, the price must be maintained above the MS-Signal (M-Signal on the 1M chart) indicator.

However, since the volume profile zone is formed around 9.262, the full-scale uptrend is expected to start when it rises above 9.262.

Currently, the HA-High indicator is formed at 26.351.

Therefore, if it continues to rise like this, it is possible that it will touch around 26.351.

However, since it is rare for a 183% increase to rise without a downward wave, there is a possibility that the HA-High indicator will fall and be newly created during the rise.

Therefore, if you confirmed the support near 9.262 and bought, the target point will be until it meets the HA-High indicator on the 1M chart.

Since a strong volume profile section has been formed near 19.370, the point to watch is whether it can break through this section upward.

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(1D chart)

From a trend perspective, the 5.907-6.920 section is an important support and resistance section.

If it is supported and rises in this section,
1st: 7.480
2nd: 8.468-4.704
3rd: 9.262
4th: 10.131-10.392
You need to create a response strategy depending on whether it is supported or not in the 1st-4th section above.

If it falls below 5.907 and shows resistance, it is likely to fall to around 4.136-4.495.

If the HA-Low indicator is newly created during the decline, whether there is support in that area is important.

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A volume profile section is formed around 9.262, but a volume profile section is also formed around 10.131.

Therefore, it is expected that a full-scale uptrend will begin only when the 9.262-10.131 section is broken upward.

If you want to trade short term, you can buy when it shows support near 6.920 and respond according to the section I mentioned earlier.

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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 section 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, the upward trend is expected to 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, 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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