2024.12.28
BTC Analysis on 4-Hour Chart
Combining Fibonacci levels to find support + candlestick patterns + volume levels + SKDJ overbought and oversold forming a golden dead cross to determine whether the target levels are valid.
As seen in Figure 1-1, the main coin has currently broken below the Fibonacci extension levels 0.236-0.618. It can also be seen that there has not been a significant volume situation or bullish candlestick reversal patterns nearby, and SKDJ has not shown an oversold golden cross, so the current rebound is considered ineffective.
Looking down, 0.786 (93469) has become the only support, which is our predicted D point or entry point. Before this point is validated, we need to see if the candlestick patterns will show bullish reversal patterns (such as morning star, bottom shooting star, etc.) and whether SKDJ shows an oversold golden cross, with volume showing a low level.
All four dimensions need to be met; if not, this support is invalid and we do not enter. From the current situation, this support point is highly likely to be valid as referenced in the marked diagram 1-2.
ETH Analysis on 4-Hour Chart
Ethereum is currently fluctuating around Fibonacci 0.382. From the candlestick patterns, the small bullish candles at the bottom are relatively weak, with volume showing a low level, and SKDJ forming an oversold golden cross.
The four dimensions meet the three dimensions, and this support at 0.382 (3329) is invalid. Looking down, the most likely support level to appear is around 0.5 (3262). If the candlestick patterns show a bullish reversal, and the corresponding candlestick volume shows a low level, with SKDJ showing an oversold golden cross, then this support is valid. According to previous trends, there is a dense buying area around 3262 as shown in Figure 1-2.
Main Coin Intraday Strategy
B: 93469
T: 94865-96826
S: 91690
Ethereum
B: 3262
T: 3329-3411
S: 3195
