After the volatility period around December 27th...


(Title) What will it look like after the volatility period around December 27th

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snapshot
USDT is currently showing a gap down, although small.

snapshot
USDC is showing a gap up steadily.

The gap up of USDT and USDC means that funds are flowing into the coin market.

snapshot
I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend.

snapshot
The decline in USDT dominance is likely to result in a rise in the coin market.

If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend.

If USDC continues to fall, it is likely to fall to around 2.84.

After that, it is expected that the coin market will gradually show a downward trend while rising.

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(BTCUSDT 1D chart)
snapshot
The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point.

Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area.

If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart.

Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K.

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The Momentum indicator is showing a continuous downward trend.

We need to see if it shows an upward trend when a new candle is created.

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Looking at the overall picture of BTC, it is still in the sideways section.

Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K.

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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)
snapshot
Looking at the big picture, it seems to have been maintaining 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)
snapshot
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, I expect that we will not see prices below 44K-48K in the future.

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snapshot
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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Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTHA-MSTechnical IndicatorsStochastic RSI (STOCH RSI)tradingstrategyTrend Analysis

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