Important sideways range: 4.556-6.008

11월 15일

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(TIAUSDT 1M chart)

There is still little to know from a long-term perspective.

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(1W chart)

The MS-Signal (M-Signal on the 1W chart) indicator must rise above and maintain the price to likely turn into an uptrend.

Therefore, the key is whether it can rise above 6.008.

Currently, the BW(0) line is formed at 5.124, so if it shows support near this area, it is a time to buy.

Accordingly, the important point is whether it can move sideways around the 4.556-6.008 area and then rise.

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(1D chart)

The box area of ​​the HA-Low indicator (4.166) is formed over the 3.883-4631 area.

Accordingly, if it is supported near 4.566 and rises, it is highly likely to create an upward wave.

However, since the box area of ​​the HA-High indicator (5.874) is formed over the 5.052-6443 area, in order to lead to an additional rise, the price must rise above the HA-High indicator and maintain it.

Accordingly, we can see that the area around 6.008 is an important support and resistance area.

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This coin (token) has not yet formed a clear shape (trend).

Accordingly, I think it is a good idea to buy when it rises above the M-Signal indicator on the 1W chart and shows a price maintenance pattern.

In other words, for now, we can see that the time to buy is when it rises to around 6.008 and shows a price maintenance pattern.

If you want to buy before that, I recommend checking whether it is supported when it falls below the section and breaks through upwards and then buy.

1st: 5.124
2nd: 4.556

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Have a good time.
Thank you.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire section of BTC.

(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.

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(LOG chart)

Looking at the LOG chart, we can see that the increase is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, we do not expect to 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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