Support zone: 16.02-17.52

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(BITO 1M chart)

As a spot ETF chart, the HA-Low indicator is formed at the 16.02 point.

Therefore, the key is whether it can receive support near or above 16.02 and rise above 19.50.

It seems that StochRSI will enter the oversold zone and the slope will change.

Accordingly, the area around 16.02 is expected to be an important support and resistance zone.

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(1W chart)

The point where the BW indicator of the 1W chart forms a horizontal line from the lowest point (0) is around 19.50.

Therefore, I think that it is likely to turn into an uptrend if it rises above 19.50 and is supported.

Since the M-Signal of the 1W and 1M charts is passing above 19.50, I think it supports the fact that it is an important point.

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(1D chart)

The BW line of the 1D chart is created at the 19.13 point.

Therefore, the key is whether it can be supported near 17.52, the HA-Low indicator point of the 1D chart, and rise above 19.50.

If not, you should check if it can be supported around 16.02.

If it shows support in the HA-Low (16.02) of the 1M chart ~ HA-Low (17.52) of the 1D chart, it is a time to buy.

The reason is that the HA-Low indicator has been created, which means that a low point has been formed.

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If it falls below 16.02, it is expected to rise around 13.79 or higher.

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Based on the current price position,
- In order to turn into a short-term uptrend, it must rise above 19.50,
- In order to turn into a medium- to long-term uptrend, it is expected to rise above 25.19.

- In order for a full-fledged uptrend to begin, the price must rise above the HA-High indicators of the 1D, 1W, and 1M charts and maintain the price.

Currently, the HA-High indicator of the 1D chart is created at 32.12.

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Have a nice time.
Thank you.

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- Big picture

It is expected that the real uptrend will start after rising above 29K.

The area expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

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

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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#ETHETF #ETHA #Ethereum #SpotETF