2023
NIFTY Prediction for 2023This is basis two things from 2015 when similar patter emerged. I have matched with 2015 keeping the time lengths in mind.
1. What are the phases?
2. How long do the phases last?
IS there any match with Elections for the final pump heading in 2024 Generals?
All the points match up beautifully to the perfection. Please refer to my previous one given below for matching with 2015
This is not for trading, this is for investment accumulations.
Note : For traders there's always a bull market somewhere, stick to high relative strength stocks and keep SLs. Thats all, simple.
₿TC - Getting Over-Bought ?❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC is currently overall bullish trading inside the red rising broadening wedge pattern.
📌 Here is why the 30,000 - 32,000 is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction.
📌 For the bulls to take over from a MACRO perspective , we need a weekly candle close above 32,000
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Slow upward and downward movement of btc in 2023I looked at the previous upward trends and downward trends, there are typically 4 progressions in BTC. In an upward trend, we are currently on the cusp of the 3rd wave, and we still have yet to hit the 4th wave up. I believe that the 4th wave up will bounce off 18-20K, higher than BTC's current value of 28,600, reaching 40K-45K in the next month before June.
Despite all the news claiming BTC is dying, it is showing the exact opposite of what is normally predicted, just like Bitconnex back in 2018.
XRP - Long-Term View 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart) we were looking for medium-term buy setups as XRP was sitting around the 0.3 support zone.
The bulls already took over medium-term and now approaching the 0.6 resistance zone.
🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
Meanwhile, 0.6 is acting as a resistance zone and the bears can take over for a bearish correction.
Which scenario do you think is more probable 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.D - Altcoin Season Getting Closer ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 BTC.D has been stuck inside a weekly range for for almost two years.
After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green.
📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance.
That's why we are speculating Altcoins to gain strength after a couple of days / weeks.
For now, as long as BTC.D is trading higher , BTC would be dominant and outperforming almost all altcoins.
What do you think? Will BTC.D reject the red resistance or break it upward? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Double Top bearish patternI believe we are seeing a possible double top bearish pattern forming here. From head to bottom would give us a price of $25,303 shown on red dotted line plus intersecting with the two hour 200 moving average (white dotted line). Also, we have some serious pressure on the fib channel where Bitcoin is not trespassing.