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2024

ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders, From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated. H4 Chart: 📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward. In this case a bearish correction till the 1750.0 mark would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
CGC (Cannabis stock )Investing in cannabis stocks has been a rollercoaster ride, with fluctuating values due to legal, regulatory, and market factors. Despite volatility, the future looks promising as legalization continues in various regions. Motivation lies in the potential growth as the industry matures and gains wider acceptance, leading to increased market opportunities and potential profits for savvy investors. Understanding the landscape, staying informed about legislative changes, and diversifying your portfolio can help navigate the uncertainties and maximize the potential of cannabis stocks in the long run
NASDAQ:CGCLong
by TrojanBible
XRP Analysis and Trading Plan for 2024 📊Hello TradingView Family / Fellow Traders, On Daily: Left Chart XRP has been hovering inside a significant range between 0.55 and 0.75, and it is currently retesting the lower bound of the range. Moreover, it is approaching the lower red trendline of the channel that XRP has been respecting for a couple of weeks now. 🏹 Hence, XRP is situated around a strong area to look for buy setups as it is the intersection of the blue support and the lower red trendline. Thus, we will be looking for buy setups on lower timeframes as long as the 0.54 support holds. On H4: Right Chart 📈 For the bulls to take over in the short term, we need a momentum candle close above the last minor high in green at 0.592. And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in red around 0.66. 📉 Meanwhile, until the bulls take over, XRP would be bearish, and if the 0.54 support is broken downward, we can expect a bearish continuation towards the 0.45 - 0.5 weekly support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
BTC - First Update of 2024 📍Hello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the lower bound of the symmetrical triangle and traded higher. Now, what? 📈 BTC broke above the 45,000 resistance zone ; thus, we expect a movement toward the 48k-50k resistance zone. 📉 The bulls will remain in control as long as the 44,500 support holds. If 44,500 is broken downward, we will expect another bearish correction until the lower orange trendline is reached again. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
02/01/24 Weekly outlookLast weeks high: $43821.44 Last weeks low: $42563.55 Midpoint: $41305.65 HAPPY NEW YEAR TRADERS! A new year has arrived and with it another year of price action or BITCOIN. This year the general sentiment is as strong as it has ever been with ETF's & THE HALVING events in the first half of the year alone. Last weeks price action showed a consolidation just under the local high allowing some of the lagging altcoins to run and others to cool off for the next move in the market. The rumour is ETF decision will be announced this week, there is talk of whether the event is a sell the news event or if it's bullish. I would say I'm sceptical and I have said previously I think it would be a sell the news, the majority of big money players would have made their money on the way up to the decision, not gamble on the result. BTC price tripled in 2022 and those kinds of returns for big investors are great, why risk the volatility after the decision. However... Having said that I would also be a fool to disregard the sheer power of FOMO, a big headline in the news about BlackRock's ETF approval would send retail investors back into the market to make a "quick buck" which brings a buying pressure, volatility and also a risk of a blow-off top. A case for the bulls would be BlackRock would not want to let their brand new ETF look bad, it would need to be an attractive investment and so they would probably do their best to steady and volatility to be able to attract customers and extract fees from them. I do also see BTC being at new highs by the end of the year, so depending on the timeframe of your investment you may be able to ride out the volatility of the ETF's, however you may get a better entry by being agile.
INDEX:BTCUSD
by ProR35
XAU/USD Bullish continuationRisk Reward : 16,67 We are following here secret pattern that made us 108,95% in 2023 so far. This is not a 100% strategy as no one is... we did have 3 loss in total of 9 trade. We are looking here for a bullish continuation that will occure after a nice retracement that will make think seller are in control... the problem is that there's already a trade in progress that no one see right now. The only thing is we have to grab the selling position before we continue to go higher. Enjoy and have a wonderful year of trading in 2024. ( Focus on big movement ) and take the time to analyse all of them to see the pattern that repeat over and over again. Peace.
OANDA:XAUUSDLong
by EscapeTheMatrixWithAlex
Thank you for your idea!In a surprising turn of events, the market response to adverse news about the US dollar has defied expectations, exhibiting a counterintuitive pattern. Market makers appear to be strategically assessing liquidity levels before allowing further price increases. Two potential scenarios could unfold in the coming days. If market makers have successfully positioned themselves, they may endeavor to guide prices towards a buying zone, possibly forming around 2069-2075. Should prices stabilize in this region, a new growth phase may commence. However, there exists a possibility of miscalculation regarding the 2069-2075 range. Should prices consolidate below this area, the decline could persist into a crucial liquidity zone at 2047 before witnessing additional growth towards 2100. This intriguing market behavior prompts a reevaluation of conventional expectations, as traders closely monitor developments to gauge the trajectory of the US dollar.
FXOPEN:XAUUSD
by AdmamTrade
1
Unlocking 2024: New Year Resolutions for Traders 📊🎉Hello TradingView Family, this is Richard, and I want to wish you all a Happy New Year. As we embark on a fresh trading journey in 2024, let's commit to success. Here are six trading dos and don'ts to guide us to a prosperous year ahead! 🌟 #NewYearNewTrades 📌Dos: ------ 💹 Quantum Leap Mastery: Elevate your trading game with quantum computing finesse. Delve into the quantum frontier to revolutionize your analytical prowess and stay ahead of market dynamics. 🌊 Zen Trader Mindset: Infuse mindfulness into your trading routine. Meditate to sharpen focus, maintain emotional balance, and cultivate the calm needed to navigate the stormy seas of the financial markets. 🌱 Green Investment Oasis: Transform your portfolio into an eco-friendly haven. Invest in sustainable enterprises, aligning your financial goals with a commitment to a greener and socially responsible future. 💪 Crypto Gym Workout: Treat cryptocurrencies like a dynamic workout. Regularly flex your knowledge muscles to keep up with the ever-evolving crypto landscape. Adapt and incorporate new technologies and tokens into your trading regimen. 🤖 AI Symbiosis Champion: Embrace artificial intelligence as your trading ally. Master the art of synergizing human intuition with cutting-edge machine learning models to make informed decisions in the ever-evolving financial landscape. 🌐 Global Macro Maestro: Become a maestro of global macroeconomics. Develop a nuanced understanding of geopolitical events, economic policies, and their impact on markets. Let your trading decisions resonate with a symphony of global financial insights. 📌Don'ts: ------ 💢 FOMO Detox Retreat : Break free from the fear of missing out. Establish a disciplined approach and resist impulsive trading decisions fueled by market hype. Not every trend is a golden opportunity; discernment is key. ⏪ Overleveraging Rehab: Embark on a journey of overleveraging detox. Opt for a risk management strategy that preserves your investments. Shun the allure of excessive leverage and prioritize the long-term health of your portfolio. 📵 Influencer Mirage Avoidance: Don't let social media influencers dictate your trades. Filter out the noise and focus on fundamental analysis. Flashy social media posts don't always translate to sound investment advice. 🔄 Prediction Addiction Intervention: Break the cycle of prediction addiction. Acknowledge the unpredictability of markets and cultivate adaptability. Develop a flexible strategy that thrives in the face of unexpected events. ⚖️ News Overdose Balance: Maintain a healthy news consumption diet. While staying informed is crucial, too much news can lead to information overload. Choose reliable sources, strike a balance, and avoid unnecessary stress in your trading journey. 🚫 Hype Bubble Avoidance: Steer clear of hype bubbles. Be it in stocks, cryptocurrencies, or emerging markets, exercise caution and perform thorough due diligence. Prudent decision-making beats riding speculative waves. 💼 May your 2024 trading journey be a symphony of strategic brilliance and disciplined. 📚 Always adhere to your trading plan, including entry points, risk management, and trade management. Happy New Year Everyone 🎊 ~Richard Nasr
by TheSignalyst
28
BTC - Christmas Theme Analysis 🎄Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas. I hope you enjoy this Christmas Theme Idea. After acquiring the 🎁Gifts at 16,000 and breaking above the 🎄Christmas Tree neckline resistance at 30,000, 🎅Santa Claus has been heading North towards the previous all-time-high ⭐️Star. 📈 BTC is approaching the 48,000 - 50,000 resistance / supply zone. For the bulls to remain in control and push towards the all-time high, a break above the 50,000 level is required. 📉 Meanwhile, there is still a possibility that BTC may reject the 48,000 resistance and undergo one more bearish correction, reaching the 30,000 - 32,000 support before the next upward impulse begins. Which scenario do you think is more likely to happen first? Why and when? 📚 Always adhere to your trading plan, including entry points, risk management, and trade management. Good luck! Merry Christmas, Everyone! 🎄 ~Richard Nasr
by TheSignalyst
100
BTC - Stuck Inside A Range, Again ❗️Hello TradingView Family / Fellow Traders, BTC has been hovering within a range , taking the form of a symmetrical triangle. 📈 If the triangle breaks to the upside , confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000. 📉 Conversely , as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle. For now, we wait! ⏱ 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! ~Richard Nasr
by TheSignalyst
Bitcoin(BTC): $40K Psychological Resistance Is Like A MagnetBitcoin's monthly timeframe reveals cautious growth as we approach the psychological $40K resistance zone. We still wait and want to see that the pre-halving period will show us some downward movement (historically, last time we had a similar setup, prices dropped 60% of the market price). What we are going to do right now is monitor the price action near the $40K zone and see if we will secure it within the monthly timeframe or if we will see a nice rejection! But If $40K won't show any strong rejection but more of a small rejection, then the price might just as well pass this $40K zone and move to the upper zones. So as of now, we are still seeing and waning for some kind of weakness near the $40K zone and a first correction to happen towards the $32K zone. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowPremium
3
Bitcoin patterns and cyclesHere's a post not many people will like! But as a professional trader of over 23 years now, I can say, one does not stay in the game this long without learning a thing or two. This year I started my Christmas break a little early wound down and been enjoying some hobbies and movies. Last night I watched the film called Dumb money, it emphasised the retail mindset so much! That convinced me to write this little post. People confuse being bearish with being anti crypto, anti Bitcoin. This could not be further from the truth. I have been VERY fortunate in terms of Bitcoin and Crypto for that matter. First entering a punt position in 2011. Needless to say, I am still profitable ;-) So what does get to me, is the little knowledge retail posses. There was a scene in the movie that highlighted just how the big boys win, but it wasn't just this scene where the Fund Manager calls his buddie - the buddie says, "how much you need, never mind the number, I'll do it" Yet, it wasn't even this that got me to write this post. It was the sheer fact that all the way through - the "dumb money" was searching for a signal, using terms like diamond hands and so on. What clicked for me, was whilst of course - holding my Bitcoin I bought in 2011 would be immense when it tops $250,000 or even $1million. The real question should be - when is enough, enough? It's this that separates us pro's and the dumb money. Back in 2021 on the run up - I shared this post about the re-accumulation phase. It was here the first clues to institutional money became apparent. Then the move from the major high back to 28 was obvious. The move back to the current ATH also the same. The way back to the bottom - the same. The issue then was - Personally, I wanted this to be early accumulation. I was wrong! It was and still is much earlier than I anticipated! (maybe I would have liked) Why, well, I still hold Bitcoin and don't short it. I believe in the future and once it's fully regulated and controlled, there's no stopping it becoming the digital gold standard for sure! So, where I was wrong - I really wanted the move up to be 30-32k to give a textbook move up for an ST down, collect liquidity and go. We then proceeded to go up without grabbing that extra liquidity. The issue therefor, is a simple one. We need to secure that just like filling a car for a long road trip. I shared this as a concern in September last year. Whilst secretly praying it wouldn't play out like this. Unfortunately - it's exactly what we did ... Now I scrap the early stage accumulation in favour for still being negative sentiment. Yup, we are simply not ready for the power play up. Blackrock WILL NOT be bag carries for retail and that I am certain. Now, here is the logic. Summary view Step one: Take a look at the momentum and volume when moving impulsively. Then the nested 0-1 move inside the larger up move. Look at what happened when we really made some headway. Now, as the tides turned - what did we see? This was clear as day, we built momentum to the downside as we saw aggressive RED candles. This might make it easier to spot the difference? I've shared my concerns on the monthly stochastic. Which then brings me back to "What I didn't want to happen" After watching the movie last night, this thing is going to shake out the weak whilst the pro's enjoy the discounts again. Value areas have not changed much for me since the re-accumulation up first major ATH above 60k. Anyways - just wanted to share this. Stay safe, enjoy the Holidays! Wish you all a Happy New Year! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
21
BTC - For Now, We Wait ⏱Hello TradingView Family / Fellow Traders, Based on my recent BTC analysis (attached on the chart), we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the channel and the 40,000 round number. Now, what's next? 📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 43,550. In this case, a movement to the 48,000 resistance would be expected. 📉 Meanwhile , BTC would be stuck inside a range, but the bulls will remain in control as long as the 40,000 level holds. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
16