Sideways are the point of interest until around December 3rd

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(BTCUSDT 1D chart)

The Fibonacci ratio on the left was drawn in the first rising wave.

Therefore, I think it is highly likely that it will sideways around 3.618 (98841.11).

I think this sideways movement is likely to continue until around December 3rd during the next volatility period.

If it continues to rise, it is expected to touch around 1.902 (101784.54) ~ 2 (106178.85).

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(BTC.D 1M chart)

If BTC dominance rises above 62.47, I think a market where only BTC rises could be created.

Therefore, whether it can fall is the key.

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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 range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have 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.

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(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.

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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, 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 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

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交易开始

#BTCUSDT.P

The BW(100) indicator on the 1D chart was created at 98921.4.

Therefore, in order to continue the uptrend, it must rise above 98921.4.

If it fails to rise above 98921.4, volatility is expected to occur when touching the 5EMA on the 1D chart.

Signs of a downtrend
- When the BW(100) indicator is created and the price is maintained below it
- When the price is maintained below the StErr indicator and turns downward
- When the StochRSI indicator falls from the overbought zone and maintains the state of StochRSI < StochRSI EMA
If the above conditions are met, there is a high possibility of a downtrend.

The important support and resistance zone in the downtrend is around 90413.3.

This is because the volume profile section is formed at point 90413.3.

Also, because the M-Signal indicator on the 1D chart is passing.