The key is whether there is support near 95.73

Hello, traders.

If you "Follow", you can always get new information quickly.

Please also click "Boost".
Have a nice day today.

-------------------------------------

(LTCUSDT 1D chart)

The key is whether the price can be maintained above the M-Signal indicator on the 1M chart.

Accordingly, the key is whether there is support near 95.73.

If it fails to rise, you should check whether there is support near 79.84.

In order for the stepwise uptrend to begin, it is likely to start by rising above 113.39.

If you are trading LTC, you should check whether there is support near 95.73 and create a trading strategy.

-
Thank you for reading to the end.
I hope you have a successful trade.

--------------------------------------------------

- ​​Here is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire range of BTC.

I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902(101875.70) ~ 2(106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

-
(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).

It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).

(BTCUSDT 12M chart)

Based on the BTCUSDT chart, I think it is around 42283.58.

-
I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely that they will act as volume profile ranges.

Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.

In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).


If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.

Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain more details when the bear market starts.

------------------------------------------------------