Entered the important Fibonacci ratio point 2.618 - 1.618
2024-11-12


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(BTCUSDT 1D chart)

It has risen by more than 10% for the first time in a long time.

It has touched the target range of 2.618 (87814.27) ~ 1.618 (89050.0).

Accordingly, it is expected to determine the trend again.

If there is an additional sharp rise, it is possible to touch the area around 3.618 (98841.11).

The next volatility period is around November 16 (November 15-17).

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(1h chart)

The creation of the BW(100) line means that a high point has been formed.

Therefore, when the BW(100) line is created, it will mostly show a downward trend.

However, since we do not know how much it will fall, we need to check the movement at the support and resistance points.

In addition, when a real decline begins, it ignores all support and resistance points and falls, so in fact, the support and resistance points do not have much meaning.

However, it can be used as a location to proceed with a split sell.

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We have several indicators that can respond to the decline.

BW(100), HA-High, StErr Line, MS-Signal (M-Signal on 1M, 1W, 1D charts), and 5EMA on 1D charts are included.

The first to appear among these are BW(100) and StErr Line.

The next to appear are HA-High and MS-Signal.

Therefore, when it falls below a certain indicator, you can choose whether to sell in installments or buy more.

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Since BTC has risen by more than 10%, it is highly likely that it will move sideways in the current section.

At this time, the point to watch is whether the HA-High indicator rises and is created.

When the HA-High indicator is created, it will be easier to respond because it creates a box section.

However, since there is a process of shaking up and down to form a box section, caution is required at this time.

This is because it is not possible to know whether a box section is formed or a decline is in progress.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

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

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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