This volatility period is expected to last until December 4th


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(BTCUSDT 1M chart)
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If it rises further, it is expected to rise to around 2 (106178.85).

If it falls, you should check if it is supported around 1.618 (89050.0).

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(1W chart)
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The slope of the StochRSI EMA seems to be almost horizontal.

It seems that the initialization of the StochRSI indicator is not far away.

When the StochRSI indicator falls from the overbought zone, the point to watch is where it is supported.

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(1D chart)
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The key is whether it can be supported near the HA-High indicator point of 96372.40 and rise above the BW(100) indicator point of 98892.0.

If it fails to rise,
1st: M-Signal on the 1D chart
2nd: 87.8K-89K
3rd: 79.9K-80.9K
You need to check where it is supported among the 1st and 3rd areas above.

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This volatility period is expected to continue until December 4th, so be careful when trading.

If BTC continues to move sideways during this volatility period, altcoins are likely to show an upward trend.

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Have a nice 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)
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Looking at the big picture, it seems to have been in an upward trend since 2015.

In other words, 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)
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Looking at the LOG chart, you can see that 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, I 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.

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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Заметка
This is a time when you are wondering which coin (token) to buy.

I recommend that you use the method I recommend as an example to check your own criteria.

снимок
1. When a coin (token) is trying to break through the M-Signal indicator on the 1M chart or is supported near it
It is just about to break through the long-term moving average, so it can be seen that the upside potential has not yet been realized.
Therefore, it corresponds to a coin (token) that is expected to rise sharply.

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2. When the StochRSI indicator is rising below the overbought zone
In particular, it is better if the StochRSI EMA indicator is below the 50 point.
This is because it can be seen that there is still a lot of room for growth.

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3. Coins (tokens) that have recently been in the M-Signal of the 1D chart > M-Signal of the 1W chart > M-Signal of the 1M chart or have a narrow gap
Nowadays, it is not easy to find coins (tokens) that have a narrow gap, so look for coins (tokens) that have recently been in the correct arrangement or are maintaining the M-Signal of the 1W chart > M-Signal of the 1M chart.

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4. Coins (tokens) that are supported near the BW (100) and HA-High indicators
These coins (tokens) are likely to have the power to break through the high point range, so they are likely to lead to additional increases.
However, you must set a stop loss point.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTBTCUSDTPERPHA-MSTechnical IndicatorsStochastic RSI (STOCH RSI)tradingstrategyTrend Analysis

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