This volatility period is until December 28
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(BTCUSDT 1W chart)
The volatility period on the 1W chart is until January 5, 2025.
Even though the price has risen, the HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point.
If the HA-High indicator on the 1W chart is created at the 94742.35 point when a new candle is created, it is important to check whether there is support near that point.
If it goes down, you should check whether there is support near the 1st and 2nd points indicated on the chart.
Eventually, the StochRSI indicator fell from the overbought zone and changed to a state where StochRSI < StochRSI EMA.
If the StochRSI indicator is located near the 50 point when a new candle is created, volatility may occur, so caution is required when trading.
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(1D chart)
The volatility period on the 1D chart is around December 27 (December 26-28).
Therefore, the key is whether it can rise after receiving support near 97821.58-98892.0 after passing this volatility period.
If not, you should check whether the movement occurs as explained in the 1W chart.
If it receives support near 97821.58-98892.0 and rises, it will continue the short-term uptrend.
However, since the high point boundary section is formed in the 101947.24-106133.74 section, whether this section can be broken upward is a point of interest.
Since the StochRSI indicator is currently located near the 50 point, there is a high possibility of volatility, so caution is required when trading.
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The DOM indicator is an indicator that comprehensively evaluates the DMI, OBV, and MOMENTUM indicators.
The Signal indicator is the EMA indicator of the DOM indicator.
The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and superTrend indicators.
The BW indicator is used to create the BW(0) and BW(100) indicators.
In addition, when it is located below the 0 point, it means that the decline is strong, and when it is located above the 0 point, it means that the rise is strong.
The DOM indicator indicates an upward trend when it rises based on the 0 point, and a downward trend when it falls.
When DOM > Signal is in the state, it is likely to show an upward trend, and when it is the opposite, it is likely to show a downward trend.
Therefore, when the BW indicator or DOM indicator shows an upward trend from the 0 point, aggressive buying is possible, and when it rises above the 0 point, it is the time to buy.
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Thank you for reading to the end.
I hope you have a successful transaction.
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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 maintained 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, 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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