Need to check the movement in the 3252.0-3462.49 box section
2024-11-27


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(ETHUSDT 1D chart)

The 3265.0-3321.30 section is an important support and resistance section.

Therefore, since the HA-High indicator is showing signs of being created at the 3317.73 point, the key is whether it can receive support and rise near this section.

If it falls below 3243.80,
1st: MS-Signal (M-Signal on 1D chart)
2nd: 2895.47
You need to check whether there is support near the 1st and 2nd above.

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If the HA-High indicator is newly created, the box section is also newly formed, so you need to check the appearance after the HA-High indicator is created.

In addition, since the BW(100) indicator was created at the 3414.49 point, the 3414.49-3438.16 section is likely to act as a resistance section.

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You need to check the position when the StochRSI indicator falls to the overbought section and switches to a state where StochRSI < StochRSI EMA.

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Have a good time.
Thank you.

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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 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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