Important section: 67614.25-70231.38Hello traders!
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(BTCUSDT 1M chart)
It began to rise in the buy zone and reached its first decline around the Fibonacci ratio point of 1.27 (73.308.95).
This first decline continued towards the Fibonacci ratio point of 0.886 (56000.42).
It then moves higher and is rising above the Fibonacci ratio point of 1.13 (67031.36).
Therefore, it appears that there is a high possibility that the Fibonacci ratio will show volatility through a three-stage movement.
If volatility occurs in three stages like this,
In case of decline, it is expected to fall around the Fibonacci ratio range of 0.707 (48064.07) to 0.786 (51606.42).
When rising, it is expected to rise around the Fibonacci ratio range of 1.618 (88913.24) to 2 (106042.09).
Therefore, I think the key is which direction it deviates from the Fibonacci ratio range of 1.13 (67031.36) to 1.24 (73308.95).
(1W chart)
If it rises along the important upward channel, it is expected to continue the upward trend purchased around 16K-28K.
However, since it has created a new rising channel (rising trend line (4) ~ (5)) and is showing an upward trend, if it deviates from this rising channel, volatility is expected to occur to change the trend.
Therefore, it is necessary to keep a close eye on the movement between the high trend line of the important rising channel and the rising trend line (4).
Therefore, this period of volatility on the 1W chart is expected to last until around the week of July 29th.
(1D chart)
A short-term rising channel has been formed and the price is showing an upward trend along the short-term rising channel.
However, since the rising channel narrows as the price rises, the possibility that the Fibonacci ratio point falls below the short-term rising channel around 1.27 (73308.95) cannot be ruled out.
Therefore, the trend line we should consider important is the upward trend line (1).
This rising trend line (1) is the corresponding trend line to the rising trend line (4) mentioned in the 1W chart.
Therefore, since a short-term uptrend can lead to a movement to continue the mid- to long-term uptrend, we need to think about countermeasures against this.
Currently, the HA-High indicator on the 1D chart is formed at 67614.25, and the HA-High indicator on the 1W chart is formed at 65233.64.
Therefore, you should consider a response strategy depending on whether there is support around 65233.64-67614.25.
The next period of volatility will be around June 4 (June 3-5).
However, there is a possibility that proactive volatility may occur from around May 27th to 29th (maximum May 26th to 30th).
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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