Supertrend + Hashribbons Showing a Long Term Trend for BTCIn this Video we discuss all the criteria I'm looking at right now for a bitcoin long position.
This includes:
- Hash ribbons smashing all time highs again after looking fairly weak a few days ago.
- Supertrend AI Indicator looking like it's giving a decent trending signal after the last few months of sideways action and traps.
- VWATR Bands expecting a retest/reclaim of the line after losing it(And why).
- And general structure looking a lot better for bitcoin.
Thanks and have a great day :)
1-BTC
BTC - Critical Zone / Period ❗️📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - FAKE ETF News cause BULL-trap👎Hi Traders, Investors and Speculators of Charts📈📉
There has been interesting volatility on BTC in the past 24 hours, with fake news being released on X, alleging that the SEC approved Blackrock's iShare spot ETF (they haven't).
Directly from the Cointelegraph website, 16 hours ago:
"Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund, or ETF. This was false, the result of misinformation. The news lead originated from an unconfirmed screenshot posted by an X user who claimed it was from the Bloomberg Terminal. "
Pretty much immediately after this article, the price started to retrace. It seems to me like severe insider trading / purposeful deceit. Interestingly enough, the price turned at EXACTLY 30K which seems very unnatural. It will be interesting to see whether the SEC reacts to this, or if it's just another day in crypto.
Luckily, as per all our previous posts on altcoins, I'm not trading BTC at the moment. Reason being I was expecting algo's on Bitcoin, as range trading often attracts bots. My focus is still on altcoins at the moment.
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BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT
Hash Rate Backtest(The Worlds Best Bitcoin Indicator)In this video we go through the edited Backtest version of Hash Ribbons. Our analysis shows various things but particularly interesting data in bull markets. As of right now, is it become less valid with more variables in the market or are we due a pump with these miners increasing their efforts to expand their operations?
Are we bullish on Arbitrums ARB ?I think rollups are going to play an increasingly bigger role come bull market
The archaic way ethereum has been used in previous bull markets demands a solution. A solution roll ups is likely to play on a large scale. Having third parties rollup microtransactions in order to ease pressure on the main ethereum blockchain is something that will encourage wider spread use of ethereum and crypto products. Paying $100 in fees for a $9 nft isnt a sustainable offering.
ARB is in a big falling wedge
This wedge doesnt need to play out according to textbooks and can easily be counter traded and fail. With that in mind tho.. being able to capture good low risk entries in this potentially bullish pattern leading into 2024 can end up being extremely beneficial.
Keep an eye out for changing data
Data on this can change quickly and importantly so its crucial to say nimble and on your toes to new information.
BRIEFING Week #42 : Market Breadth & WyckoffHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Whats happening with USDT.D ? We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap
As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts
This is not a negative for USDT rather a positive
USDT market cap itself is positively impacted by USDT.D retracting as that means the crypto market is growing and should in turn lead to increase demand for their product and therefore their own market cap
USDT.D is getting close to breakout zone which can indicate two things
Firstly, a (possible) retraction in the cryptosphere. Secondly, a (possible) buying opportunity.
Want to lookout for an aggressive candle
You likely wont miss the move in the cryptosphere as an aggressive USDT.D candle likely has a more aggressive impact on any portfolio.. however with an eye on USDT.D can see if the aggressive move is one to buy or sell into. If an aggressive candle breaks out with USDT.D soon then it has a decent historical chance of being a prime buying opportunity even if the breakdown isnt to sub $15k
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
BTC - What Next ❗️📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GOLD Top Down Analysis- What you Need To Know For This WeekStarting from the Weekly chart, we analyze how Gold behaves and what to expect moving into the next trading week.
I believe good opportunities will arise if we break above the Hourly resistance I discuss on video.
Please watch it and leave your comments and opinions below.
GBPUSD Top Down Analysis For Next WeekIn this video, you will understand how I look at the GBPUSD, starting from the Weekly chart and moving down to the Hourly.
Trading must be flexible when you do your charting analysis and always try to understand what information the market gives.
When it is time to execute your strategy, you must be black and white. If the rules are met, we enter and then manage the trade.
Don't mix the art of charting with the discipline of executing your strategy.
Happy Trading, and please comment below with your thoughts and opinions about this currency pair.
Mean Reversion trades on AAVE Mean Reversion is the simple strategy of price moving 'too' far away from its averages and potentially requiring a reversion before either continuation or ideally total reversal
Aave has been offering some beautiful mean reversion entries for us recently even to the point of essentially two sigma. Both the buyzone meanmove right to the sellzone meanmove. That is not usually the case to capture both in consecutive order but of course happy to see it happening to aave and a few others we are routing.
The strategy is based more so around the reversion to mean(s) rather than the total reversal
Is nice when able to capture the total reversal one peak to the next but the strategy is focused primarily on alerting once candle is 'too' far away from mean and then riding it to touching mean (even if just for a moment). These are usually short held positions rather than multi day long swing trades.
Good to focus on largecap even more so largecap 'monopolies'
Increasing interest in the monopolies in the crypto space as everything has taken a hit due to liquidity consolidating into either US yields or US dollar or even within the crypto space consolidating into ethereum away from nameless countless junk tokens.
These alerts are currently set up for just largecap as the volatility in smallcap can create a ton of risk to this strategy as volume is needed as confirmation of previous prices to revert to. I do also think monopolies will lead + be safer in macro retraces in bull market or macro reversion to mean even if just to tap 9ema on weekly before continuing bull moves.
BTC- Bitcoin Price ForecastCOINBASE:BTCUSD
Where is bitcoin price going next?
What is bitcoin likely to do next?
These and many more questions were answered in the video.
Watch and you will enjoy it.
Do not forget to drop a comment to share your view, give it a like, and also share this video link with your friends.
Top 5 Bullish Bitcoin Technical Indicators Right Now!Traders,
Here are the top 5 bullish technical indicators I am seeing right now on the Bitcoin daily chart:
00:23 - 1. Our 25,300 Neckline has held once again!
01:30 - 2. 26,300-26,500 Price has absorbed with accumulation
02:45 - 3. RSI Hidden Bullish Divergence
03:50 - 4. Break/Retest of Descending TL & 50-day ma AoC
04:48 - 5. Bull Flag on the Daily
Best,
Stew
XRP still under 3d average as DXY continues breakout apologies again for sound issues at beginning
We can see clearly the inverse relationship between DXY and XRP
If DXY fails this breakout continuation and instead reverses (failed moves can fail fast).. then XRP can explode up from this 3d 200 average. However, as data is currently showing, there is a lot of downwards pressure being put on XRP and crypto coming into end of September
October has historically been a weak month
Its no surprise that downward pressure is the data showing coming into end of September. It is not uncommon tho for relief to be found in October start of last quarter before start of a new year.
Keep an eye on DXY and US Yields for sign of reversal in order to gain confidence in crypto
If US yields continue to rise then it will mount pressure on other weaker currencies and likely lead to a continuation in price of USD. As weve seen that price increase in USD will likely result in devaluation of crypto assets. Must keep an eye on new data as it comes out to be up to date with outlook.