Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 31, 2023Technical Analysis and Outlook:
The coin repeated its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Also, current price action indicates a possible rinse and repeat of the trading envelope. The upside target scenario is the Outer Coin Rally of $30,000 and an eye on the following extension to the Outer Coin Rally of $31,700 and Key Res of the same price.
Blockchain
Internet computer Parabolic move coming!ICP, is it a dead project or just suffer from bad timing on the release?
This project was released with a lot of hype behind it but nothing but deflate and loose value ever since it's release. It something better than hype going for it right now and that is bullish divergence on the RSI and the MACD. The MFI showed a break above resistance and is trying to hold the breakout as support.
It looks like a fairly substantial recover is on the way for ICP and could see a price bump to $55 to $60 by the end of 2023. That is a cool 10 to 12x from where prices stand at this very moment.
This is not financial advice. Please do your own diligence and invest responsible.
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range.
Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups.
UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000
📌 on M30: Right Chart
The bears took over already short-term by breaking below our last low in red.
Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range.
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
BTC - Now We Wait ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
BTC has been stuck inside a range in gray for a whole week.
For the bulls to remain in control medium-term, we need an H4 candle close above the upper gray area 28,700
In this case, a movement till the 30k - 32k resistance would be expected.
📉 On the other hand , if we break below the lower gray zone 26,700 then we will expect a bearish correction to start till around 25,000 support / demand.
📌 on M30: Right Chart
Here is a cleaner view for the price movement inside the H4 range.
Previously, BTC rejected the lower bound of the range, and the bulls took over by breaking above the last M30 high in blue.
Now, we are sitting around the upper bound of the range, and for the bears to take over short-term, we need a break below the last M30 low in red.
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
Buy Ethereum (Daily Timeframe)Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k.
Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
LONG BTCUSD (Daily Timeframe)Bitcoin is still in its uptrend channel on the daily and weekly timeframes and previously rebounded from its down channel at level 15k.
Bitcoin recently broke and rebounded from its support demand zone at area 20K and if level 30k breaks and a close above, next target is to next resistance and supply zone at area 50k.
BTC Detailed Top-Down Analysis - Day 143Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH - All Eyes on 1700 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on Daily: Left Chart
ETH is currently bullish trading inside the red rising broadening wedge pattern; and the next main resistance would be around 2000 and/or upper red trendline.
📉 Hence, as ETH approaches the 2000 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 ETH doesn't break a previous major low.
The current last major low is around 1700
📉 If we break below 1700 expect a bearish correction to start till around 1500 - 1550 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
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
ETH - Still Bullish - UNLESS ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 After breaking above 1700, ETH has been stuck inside a range.
We will remain bullish as long as ETH doesn't break a previous major low that happens to be lining up with 1700
📌 If we break below 1700 expect a bearish correction to start till around 1550 support / demand.
🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in red around 1860
In this case, a movement till the 2000 weekly resistance and round number 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!
~Rich
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 24, 2023Technical Analysis and Outlook:
With the completed Intermediate Outer Coin Rally of $29,200, the coin is retreating to Mean Sup $26,200. The current upside target is the Mean Res $28,400, a retest of the Intermediate Outer Coin Rally of $29,200, and fulfillment of the next destination, an Outer Coin Rally of $30,000.
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
March 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The Federal Reserve has announced its ninth consecutive interest rate hike, raising the federal funds rate by 25 basis points. As a result, the rate has increased from nearly zero in March 2022 to a range of 4.75% to 5%. Bitcoin is down 2.97% over the last 24 hours and fell to an intraday low of $26,602.77. The largest cryptocurrency dropped below $28,000 after the Fed raised the interest rate by 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,176 and the relative strength index (RSI) in the overbought territory. If the BTC/USDT returns above $28,000, the BTC/USDT pair may have the potential to surge to $30,000.
Today’s Cryptocurrency Headline
Telegram Enables Users to Send USDT in Chats
Telegram users can now send USDT to each other within chats in the messaging app. USDT has been added to Telegram's @wallet bot, expanding the messaging app's ability to buy and sell cryptocurrencies. Last April, bitcoin (BTC) and toncoin (TON) were added to @wallet's marketplace, with the latter also available to send within chats.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
ATOM - Once a Beast; Always a Beast 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ATOM has been overall bearish trading inside the falling broadening wedge pattern in red.
🏹 For the bulls to take over long-term , we need a daily candle close above 13.5 resistance.
Meanwhile, If we retest the blue support around 10.0, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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
March 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.07% over the last 24 hours and rose to an intraday high of $28438.47. The largest cryptocurrency continues to trade around the $28,000 price level, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. It is anticipated that the Federal Reserve will maintain rate hikes but at a slower pace of 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,039 and the relative strength index (RSI) in the overbought territory. If the outcome of the FOMC meeting meets the expectations, the BTC/USDT pair may have the potential to surge to $30,000.
Today’s Cryptocurrency Headline
Sushi DAO and Key Contributor Receive SEC Subpoena
Sushi DAO and its CEO, Jared Grey, were subpoenaed by the U.S. Securities and Exchange Commission (SEC). In response, Grey proposed a "Sushi DAO Legal Defense Fund" to cover legal costs for core contributors up to $3 million in USDT, with an additional $1 million available if needed. The fund would pay for attorneys' fees and other costs for contributors involved in the project from April 2022 until legal proceedings end. Sushi DAO is cooperating with the SEC and will not comment further.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
$XRP/USDT 1D (#Bybit) Descending wedge breakoutRipple regained 100MA support while rest of the market is tanking, seems likely to push higher towards TL resistance.
⚡️⚡️ #XRP/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.4X)
Amount: 5.0%
Current Price:
0.3924
Entry Targets:
1) 0.3907
Take-Profit Targets:
1) 0.4593
Stop Targets:
1) 0.3449
Published By: @Zblaba
$XRP #XRPUSDT #Ripple #XRPL #XrpLedger
Risk/Reward= 1:1.5
Expected Profit= +59.7%
Possible Loss= -39.9%
xrpl.org
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
BITCOIN : Btc Rising Wedge patternBINANCE:BTCUSDT
Bitcoin went up from 20k to 28k in few day's without proper correction
Now price seems overbought and it needs to cool down price action a bit
Price is trading in rising wedge , rising wedge is bearish reversal pattern
Price after breakout can drop down to pivot level of 26k mark
50 ema will also join pivot point after 12-16 hour's
❤️ Please, support my work with follow ,share and like, thank you! ❤️
$OP/USDT 12h (#Bybit) Small falling wedge breakoutOptimism looks locally bullish and could bounce back on 100EMA support, towards previously broken levels.
⚡️⚡️ #OP/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.5%
Current Price:
2.4351
Entry Zone:
2.4351 - 2.2651
Take-Profit Targets:
1) 2.7689
2) 3.0840
3) 3.3993
Stop Targets:
1) 1.9998
Published By: @Zblaba
$OP #OPUSDT #Optimism #L2
BTC Detailed Top-Down Analysis - Day 142Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Strong Rejection Ahead ❗️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 As per my last educational post (attached on the chart), we know that the bulls will take over if we break above the falling flag #4
📌 BTC is now approaching a strong rejection in orange:
1- Round number 30,000
2- Classic Support Zone Turned Resistance
3- Supply zone
Hence we will be expecting the bears to take over around 30,000 for a correction before the bulls take full control again and break above it.
For the bulls to take over from a Marco perspective , we need a break above 32,500
🏹 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