Starting point for renewing ATH: 3644.71

2 Ara

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(ETHUSDT 1W chart)

Similar to the BTC chart, the StochRSI indicator on the 1W chart of ETH is expected to undergo initialization.

If this initialization maintains the price above 3438.16, ETH is expected to renew the ATH.

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(1D chart)

I told you that when ETH shows sideways movement below 3438.16, it is a time to buy.

Currently, it is testing support at 3644.71, i.e., the starting line for renewing the ATH.

If support is confirmed, a large increase is expected.

If it fails to support and falls,
1st: 0.618 (3548.07)
2nd: 3438.16
3rd: 3265.0-3321.30
You need to check which area among the 1st and 3rd areas above supports it.

If it falls below 3265.0, it is likely to take some time to rise, so you need to think about a countermeasure for this.

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Anyway, the upcoming initialization of the StochRSI indicator on the 1W chart of BTC and ETH is expected to be the last time to buy heavily in this altcoin bull market.

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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 range of BTC.

(BTCUSD 12M chart)

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

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, you can see that the rise is decreasing.

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

Therefore, it is expected that prices below 44K-48K will not be seen in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

In other words, it 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, it is expected that this Fibonacci ratio will 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 this.

If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.

The reason is that the user must directly select the important selection points required to generate Fibonacci.

Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for 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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