The recent PPI and CPI were generally quite good. Added to that is political instability. Therefore, the USD may continue to decline in the short term. Investors easily shift to speculating on gold and choose gold as a safe haven. Thus, gold has the opportunity to test back the recent peak areas, with a target to go sw at the peak of 34xx-35xx.
Here I leave an image for you to see at the dif and dea intersection on the 3D view. I'm not sure about the peak. But according to the image, during 2 increasing cycles, the price moves up creating a peak. As for the bottom, when it appears, it will be a lower bottom from the intersection point. The 3D view is a longer-term view, so it does not have day trading characteristics, guys. This is a warning I see according to the chart. You can open the chart to review.
$BTC means in 3d, the peak can be flat or higher but when creating the bottom, the bottom will gradually lower, with each subsequent bottom being lower than the previous one. Therefore, the trading range is very strong. The whale hunting season has begun 😅
$BTC 3D chart. -The difference between the DEA and MACD momentum decreasing is indicated by the red columns I marked. However, the price fluctuates but continues to rise close to the peak and then drops sharply. Figure 1: is from when it was at the peak of 73.7xx Figure 2: is from the first peak of 108.3xx Figure 3: is now
In the first 2 figures, the MACD signal begins to decrease in the 2 boxes I marked. If the price increases but the MACD remains a deep red on the 3D view as in figures 1 and 2, then after reaching a new peak, consider taking some profits. 3D is a longer-term view than 1D. Trading for buying and holding should be observed. FOMO easily leads to buying at the peak.
Today can be said that the old meme coin has confirmed the 3D when DIF and DEA have crossed down. More precisely, it was yesterday. This means that right now or possibly next week there will be a sideways bottom like the last one or lower.
But when 3D confirms, it goes into oversold on 1D. So there will be a rebound on smaller time frames of 1D.
Saturday, Sunday weak force. Not sure if MM is active or not. The recovery force is slowing down and still hovering below. I am not looking at $BTC . But I am looking at the alt and meme charts. Mainly the old meme chart is about to break. This is a bad sign in the short term. Although its W chart indicates an increase. But since the 3D is still not very stable, it keeps the possibility of testing the Ma200 on the 1D frame or slightly lower at the accumulation area of the W chart. The place where the increase started in the previous upward movement last month. Because the W chart indicates an increase, the meme testing the accumulation area is an opportunity to enter a little bit. If playing memes, just enter a little bit, okay guys. Don't hope too much on it.
After the halving in previous cycles, it takes about 235-240 days for altcoins to enter a season. However, currently, this cycle has lasted 420 days and the alt season has not yet occurred. This year shows a difference from previous cycles due to significant differentiation $BTC and other top coins like $ETH , $SOL , Link, Ada.... Capital is concentrating on BTC while the weakness of ETH is predominant as there are no significant improvements to attract capital flows into altcoins like in previous seasons.
420-235=185 days, thus it has been extended by 185 days, and it is possible that the 235-day cycle peaked on 12/8/2024 after the halving on 4/19/2024. And if the 235 days repeat, we will be 50 days away from the peak, landing around 2/8. The condition is for BTC to hold 105,900-106,100 for the next 2-3 weeks. ETH continues to maintain 2,503.
Currently, it is close to the accumulation zone of top coins and even meme coins. I believe that even without an alt season, there will be some local mini altcoins. Therefore, whenever you see red, buy. If more accumulation time is needed, it will fall between October and December this year.
You all save this image to see the breakthroughs in the coming days to check support and resistance in the coming days. Position 1: consists of 2 small lines. This is the 1d view. 1d view. In a negative direction, closing candles below 102,800 may test strong support in the range of 93,000-93,244. Position 2: consists of 2 upper lines which are the recovery levels. When BTC sw and closes candles above the range of 105,500-106,100, it can recover to 109,200-110,300. Position 3: a larger view with 2 larger lines encompassing the 1d view. It gives signals for both recovery and testing the bottom. Both (1) and (2). Closing candles at the range of 102,000 or 102,800 will lead BTC to follow (1) in a higher negative direction. Closing candles in the range of 105,500-106,100 will allow a recovery according to (2). Its strong support is at 93,000-93,200. The simplest and easiest to understand is if the candle sticks into line 1, then there is a risk of retesting support. If it sticks into line 2, then it has the potential to bounce back up. It must be based on the upcoming daily candle closures. The candle closing time is at 7 AM Vietnam time.
Still based on 1d. Previously, I gave you a long signal if BTC closed the candle at 110,200-110,300. With a TP of 115,000. BTC failed to close the 1d candle in this range and began to decline. I am still observing and warning that it is not time to long because the 3d coin system has broken the uptrend, likely to test the support accumulation area. Next, I continue to provide the signal. To recover, it must close the 1d candle at 107,000-107,100, which is a recovery signal. Not a reversal signal. And the opportunity to test a long recovery at 105,000-105,450 means there will be a recovery at this support position yesterday before closing the 1d candle. But when BTC tested down recently near the end of day candle close, this confirms that it will test the bottom further. And currently, the daily bottom is set at 102,640.0. The 1d chart of BTC inadvertently with today's price drop returns to the 2 peak pattern. And according to the movement of the meme. There is still a possibility to retest Ma200. Therefore, there is still a chance to test back to the psychological support area of 100,020-101,300. By the end of the day, if $BTC closes the 1d candle at the 102,800 range, it is a bad sign. The testing level will be around 100,000-101,300.
$BTC I don't know what news MM has that caused it to quickly break through support like that. In the range of 105,000-105,450, there is still a bit of recovery force. Losing this support quickly like this will cause btc to continue to go down to the range of 102,800-101,300 and be limited at 100,017-100,020
In any case of a decline in the remaining hours of today before the 1d candle closes. You can open a long position in the 105,000-105450 strong support area on the daily timeframe.
$BTC The closing level must be maintained above 107,060-107,074 for a rebound And ETH must close above 2730 for a rebound Currently observing support returning on H4 at the 106,600 zone, which has shown buying power. However, it is still not guaranteed that it won't retest 107,000 again It will continue to go down if it breaks below 106,100 The trend is not clear at the support zone. If a rebound occurs, the target will be 109,268 or 110,200 The downward target is 105,900, set a stop loss if holding a short-term long position. Observe the next 1-hour candle to see if momentum increases strongly; if so, continue, otherwise it is advisable to take profits on long positions. Note that the levels mentioned are breakdown levels and upward levels confirmed by the daily candle close within 24 hours.
Chart meme of the minor assets suddenly breaking the frames increasing on 3d and currently breaking the small frames including H4. 1d has not yet confirmed a recovery force, so it is difficult to confirm. It is safe to wait for a reversal signal to increase from the meme. Currently, there is still no safe long signal.
Can't hold on. The meme has collapsed for 4 hours. Currently checking the bottom, don't go in yet. If it breaks 109,300 and doesn't pull back to close at 110,300, it's not good.
$BTC Refused to drop to 109,300 will reverse upwards. Target around 115,000. Need to close the daily candle around 110,300 or higher. The signal is clear, you all take care of it yourself.