Big picture box zone: 93576.0-106133.74
2025-01-16
Category: None


(Title) The point of interest is whether it can escape from the important support and resistance zones in the big picture

-------------------------------------

Hello, traders.

If you "Follow", you can always get new information quickly.

Please also click "Boost".
Have a nice day today.

-------------------------------------



Because the coin market has become volatile, it is necessary to check what USDT and USDC will look like.

If USDT or USDC shows a gap-up pattern, it means that funds have flowed into the coin market.

If it shows a gap-down pattern, it means that funds have flowed out of the coin market.

If USDT or USDC gapped down, there is a possibility of profit taking, which is an outflow of funds while driving up the price.

This movement will eventually lead to a decline in the coin market.

(BTC.D 1D chart)

If BTC dominance falls below 55.01 and remains or shows a downward trend, I think there is a high possibility that an altcoin bull market will begin.

(USDT.D 1M chart)

If USDT dominance rises above 4.97, I think the coin market is likely to show a large decline and show a downward trend.

If USDT dominance falls, it is expected to fall to around 2.84 and then show an upward trend.

If it touches around 2.84 and rises, the coin market is likely to turn into a downtrend, so you should think about a countermeasure for this.

Because the rising USDT dominance means that the coin market is likely to show a downtrend.

----------------------------------------

(BTCUSDT 1D chart)

If the price is maintained above 97461.86, BTC is likely to show a short-term uptrend.

At this time, the resistance zone is
1st: 101947.24
2nd: 106133.74
It is likely to be around the 1st and 2nd above.

Therefore, the 101947.24-106133.74 zone corresponds to the high point boundary zone.

-
(1M chart)

The short-term uptrend I mentioned earlier is actually meaningless in the big picture.

Since the BW(100) indicator of the 1M chart was created at the 93576.0 point, the 93576.0 point corresponds to the high point boundary point.

Therefore, the price holding above 93576.0 means that it is in the high point range.

Therefore, if it falls below 93576.0, it will fall from the high point range, so it is highly likely that a downtrend will begin in the big picture.

You can see how important the area around the 93576.0 point is.

-
(1W chart)

The HA-High indicator of the 1W chart is formed at the 94742.35 point.

The BW(100) indicator on the 1W chart is formed at the 104463.99 point.

Therefore, the 94742.35-104463.99 section corresponds to the high point boundary section when viewed on the 1W chart.

Therefore, in order to continue the uptrend, it must rise above the 94742.35-104463.99 section.

If not, if it falls below 94742.35, it is likely to show a downtrend.

Since the StochRSI indicator on the 1W chart is in the oversold section, we need to check whether the StochRSI indicator turns upward due to the price increase this week.

Among the interpretation methods of the StochRSI indicator, based on the 50 point,
- When it is below 50, you should focus on finding the time to buy,
- When it is above 50, you should focus on finding the time to sell.

In particular, when entering the overbought or oversold zone, it is necessary to focus more on where the price shows support and resistance.

------------------------------------

To summarize the above, the important support and resistance zones in the big picture are the 93576.0-94742.35 zone and the 104463.99-106133.74 zone.

Because it is highly likely that a new trend will start when it breaks out of these two zones, you should trade within the box zone until then.

-
Thank you for reading to the end.
I hope you have a successful trade.

--------------------------------------------------

- ​​Big picture
I used TradingView's INDEX chart to check the entire BTC zone.

(BTCUSD 12M chart)

Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015.

That is, 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.

-
(LOG chart)

As you can see from the LOG chart, the uptrend 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.

-

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, this Fibonacci ratio is expected to be used until 2026.

-
No matter what anyone says, the chart has already been created and is already moving.

It is up to you to decide how to view and respond to this.

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

-----------------
