Volatility Period: January 9-11
2025-01-08
Category: None


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(BTCUSDT 1D chart)

The key is whether it can quickly rise above 97461.86 and maintain the price.

If not, it needs to fall, and it needs to check whether it is supported near the important support and resistance area of ​​93576.0-94742.35.

If it falls below the BW(0) indicator point of 92792.05, the point to watch is whether the HA-Low indicator is generated.

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This volatility period is expected to be around January 10th (January 9th-11th).

In order to continue the short-term uptrend, the price needs to rise above 97461.86 and maintain it.

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First of all, the fund flow does not seem to be that bad.

This is because USDT stopped its gap downtrend and is moving sideways, and USDC seems to be maintaining its gap uptrend.

(NAS100USD 1D chart)

However, since it fell due to other issues affecting the coin market, unless a bigger issue occurs, the coin market is expected to defend its price.

(XAUUSD 1D chart)


(IBIT 1D chart)


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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 in an upward trend since 2015 following a pattern.

In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.

Accordingly, the uptrend 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, 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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