Cyber Monday saleUp to 70% OFF

Bitcoin-longterm

BTC - I am Back 😁Greetings, TradingView Family! This is Richard, also known as theSignalyst. 📌 After 2 weeks off the charts, I am back as a married man. The past 2 weeks were boring, as BTC is still stuck inside a range. Hence, there haven't been many updates from a Daily timeframe perspective. I hope to post a short-term view by tomorrow. 🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial. 📌 However, as mentioned 2 weeks ago, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes. 📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary. 📌 BTC is now trying to break below 29,500. If this H4 candle closes below 29,500, we can anticipate a movement towards the blue support at 27,500. There, we will actively seek out new trend-following bullish setups. Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
38
BTC - Last Post For The Next 2 Weeks 🙏Greetings, TradingView Family, this is Richard, also known as theSignalyst. 📌 I am thrilled to share some exciting news with all of you. This Sunday (9th July), I will be tying the knot and embarking on a beautiful journey of marriage. As a result, this will be my last post for the next two weeks as I will be away for my honeymoon. Therefore, I aim to make this post incredibly detailed, covering various potential scenarios for the near future. 📌 Let's begin with a long-term perspective: BTC currently finds itself within a strong rejection zone characterized by the following factors: 1. Round number at 30,000 2. Classic weekly support zone, which has now transformed into a resistance 30,000 to 32,000 3. Supply zone 🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial. 📌 However, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes. 📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary. If this occurs, we can anticipate a movement towards the blue support at 27,500, where we will actively seek out new trend-following bullish setups. 📌 Until either the bulls or bears seize control, we will be trading within a short-term range bounded by 29,500 and 32,000. Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective. 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
90
BTC - The Range Is Getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been boring for the last couple of weeks as it is stuck inside a range. 📉 The range is getting narrower because BTC is forming lower highs and equal lows as a descending triangle pattern. As per the textbook, the descending triangle is usually a bearish continuation pattern. But to me, it can be broken either side. If we break the last major low in red downward, we will expecting further bearish movement till around 25,000 🏹 Here is why the 25,000 zone marked by purple circle is a strong support: 1- Round number => 25,000 2- Classic Resistance Zone Turned Support 3- Lower red trendline from daily acting as a non-horizontal support 4- Lower orange trendline from H4 acting as a non-horizontal support 5- Demand zone 📈 In parallel, if BTC breaks above the last high in blue, we will be expecting a bullish correction till the upper orange trendline. Which scenario is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
25
BTC - Bulls Took Over Short-Term ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC video analysis (attached on the chart) we know that the bulls would take over short-term by breaking above the last minor high in gray. Yesterday, BTC broke above the high and approaching a minor resistance in red. Now What? 🏹 For the bulls to remain in control, we need a break above the red zone 29250, in this case we will be expecting further bullish movement till the 31,000 resistance zone. The bears will take over short-term again, if we break below the last minor low (currently around 28250) Which scenario do you think is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
10
BITCOIN - Make Or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. However, it is now sitting inside a strong weekly rejection zone. Here is why the 30k - 32k is a strong rejection: 1- Round number => 30,000 2- Classic Support Zone Turned Resistance 3- Weekly Supply zone 4- Intersecting with the upper red trendline acting as a non-horizontal resistance 📉 For the bulls to take over from a long-term perspective, we need a weekly break above 32,000 as mentioned in my previous post (attached below) 📌 on H1: Right Chart For now, as long as we are inside the 30k - 32k zone, the bears can take over for a correction. For the bears to take control, we need a break below the last minor low in gray which would be the neckline of a head and shoulders in the making. 📉 In this case, a movement till one of our two demand zones would be expected (highlighted on the chart) 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! ~Rich
by TheSignalyst
25
BTC - Follow The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. Here is why the 30k - 32k 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. 📌 on H4: Right Chart For now, we will remain bullish as long as BTC doesn't break a previous major low. We are bullish from a medium-term perspective trading inside the flat channel in green, so as we approach the lower green trendline we will be looking for short-term bullish setups. The current last major low is highlighted in gray around 26,700 📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. 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! ~Rich
by TheSignalyst
26
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on Daily: Left Chart BTC is currently bullish trading inside the red rising broadening wedge pattern. Here is why the 30,000 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. 📌 on H4: Right Chart For now, we will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. 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! ~Rich
by TheSignalyst
23
BTC - Still Bullish - UNLESS ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then. We will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📌 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand. 🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in gray around 28,700 In this case, a movement till the 30,000 weekly supply zone is 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! ~Rich
by TheSignalyst
40
BTC - Why 30,000 Is A Strong Rejection ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC broke above the big inverse head and shoulders neckline. 📈 Thus, the momentum has been shifted from bearish to bullish. BTC is currently bullish trading inside the red rising broadening wedge pattern. 📌 Here is why the 30,000 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
by TheSignalyst
28
BTC - Still Bullish - For Now! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 After rejection the 20,000 round number, BTC broke above the last major high in gray, and have been bullish since then. We will remain bullish as long as BTC doesn't break a previous major low. The current last major low is highlighted in gray around 26,700 📌 If we break below 26,700 expect a bearish correction to start till around 25,000 support. 🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in gray around 28,500 In this case, a movement till the 30,000 weekly supply zone is 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! ~Rich
by TheSignalyst
16
BTC Make or Break Zone ❗️ Analysis #26/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC is still struggling around the 25,000 resistance zone. Here is what I am waiting for: 📈 on DAILY: Left Chart For the bulls to remain in control / take over long-term, we need a Daily Candle Close above 25,000 📉 on H1: Right Chart Meanwhile, the 25,000 is still acting as a resistance zone. If we break below 24,000 then the bears will take over to start a correction till around 22,400 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
by TheSignalyst
31
BTC - Still Bullish ❓❓Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that the correction already started by breaking below the gray H4 low. 📉 BTC has been bearish from a medium-term perspective trading inside the falling channel in red. This channel reminds of the previous one a couple of weeks ago. 🏹 As mentioned in the last BTC video update, for the bulls to kick in , hence start the next bullish impulse, we need a above the upper red trendline and last major high in red. (around 22,600) Meanwhile, BTC can still dive inside the 21,000 support zone. If we break 21,000 downward from daily, then we will expect further long-term bearish movement till 19,000 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
by TheSignalyst
15
BTC - Long-Term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent." Unfortunately, that bit of wisdom remains true today. BTC has been overall bearish for longer than we can stay solvent , at least we are trying to remain objective… aren't we? BTC is trading inside a big wedge pattern showing us the overall flow of the market. Last week, BTC rejected the upper brown trendline, acting as a non-horizontal resistance, and broke below the 20k horizontal support. For now, the next main rejection / support zone that might hold BTC up, is around the 10k - 12k zone. If this first support doesn't hold, which I also referred to as Floor 1, then a dive inside the Ground Floor would be expected. BTC would invalidate this long-term bearish trend, by breaking back above the 20k zone, for the bulls to be able to take over from a short-term perspective. What do you think? Which Floor is going to hold BTC? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
52