Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
Bitcoin has consistently respected our Mean Res 64000 in this week's trading with the projected Intermediary Squeeze Retest target to Key Sup 58300 and completed Inner Coin Dip 57200, which is in progress. This is expected to lead to a renewed Bull Stage movement, targeting the Mean Res of 64000, 66900, and beyond once again.
Blockchain
SOL - Massive Demand Ahead 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After rejecting the $200 round number, SOL has been bearish as a correction phase.
🏹 The $100 - $115 range is a massive demand zone to look for buy setups and capture the next bullish impulse movement.
📚 As per my trading style:
As #SOL nears the demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Long-term Possible Scenarios 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $2900 - $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in orange is needed.
In this case, a movement towards the $4000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,400 - $2,500 demand zone.
Which scenario 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
Vodafone Set to Integrate Crypto Wallets With SIM CardsVodafone ( NASDAQ:VOD ) is utilizing SIM card technology to meet the anticipated surge in demand for cryptocurrency on mobile phones. CPO David Palmer discussed how the company is advancing blockchain use on mobile devices to manage crypto transactions. He highlighted the use of Pairpoint, a brand that advances web3 and Internet of Things (IoT) services by utilising SIM card technology for blockchain-based digital wallets on mobile devices.
Palmer believes there will be 5.6 billion blockchain-based digital wallets by 2030, which will be the gateway to financial services. He highlighted the use of public blockchains like Ethereum (ETH-USD) but acknowledged regulatory hurdles. The long-term pathway is towards using public blockchains such as the Ethereum network, and with the Ethereum fork, we are starting to see that public blockchains are becoming faster and more secure.
Vodafone's digital asset broker platform, PairPoint, facilitates transactions between public and private blockchains using smart contracts for seamless integration. It acts as a middleman for large enterprises that wish to write to a public blockchain, allowing cross-chain interoperability through smart contracts.
Vodafone's digital asset broker platform followed its early experiments with peer-to-peer micro-payment transactions and later integrated its SIM card technology with blockchain, introducing interoperable 'digital identity passports'. These passports securely store private keys to digital wallets within the SIM card's hardware module. This culminated in the creation of Vodafone's Pairpoint platform, providing Internet of Things (IoT) devices with decentralized digital identities and enabling them to operate across organizational and system boundaries.
Technical Outlook
Vodafone stock ( NASDAQ:VOD ) didn't quite react to the fundamentals. The stock is trading in equilibrium to market sentiments the ratio of buyers to sellers is latent. The stock has a Relative Strength Index (RSI) of 52 which is not oversold or overbought.
ETH - Critical Zone 👀Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH is now hovering around the $2900 - $3000 support.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in red is needed.
In this case, a movement towards the upper orange trendline and blue structure at $3350 would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,500 - $2,600 demand zone.
Which scenario 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
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook:
Bitcoin has completed our Inner Coin Dip 57200 and rebounded strongly with renewed strength. Currently, the main barrier to further upside move is marked at 64000. It is expected to experience a pullback to retest a Key Sup 58300, which will lead to renewed a Bull Stage movement targeting the Mean Res of 64000, 66900, and beyond.
ETH - Massive Bullish Impulse Soon ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support.
Currently, ETH is in a correction phase trading within the falling orange channel.
Moreover, it is retesting a strong demand in green at $2900 - $3000.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower orange/red trendlines.
📚 As per my trading style:
As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RIOT Platforms Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RIOT Platforms prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
(IOTX) iotex; blockchain - layer 1 IoTeX blockchain imagined Elliott Wave pattern; end of run? Time for a continuation? I tend to lean on the side of Elliott Waves need to be much larger in timeframe than people tend to--. I think this could be right but then again I don't have the money to move markets like some people, groups, and infrastructure do, so this is still speculation.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 25, 2024Technical Analysis and Outlook:
Bitcoin's trading this week has been volatile, fluctuating around our Mean Resistance level of 65600. Our Key Support level of 61300 will likely soon be retested once again, which could serve as a launching pad for a new Bull Stage rally. The target for this rally would be the newly established Mean Resistance level of 66900 and beyond.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
In this week's trading, Bitcoin reached the Key Support 61300 level and rebounded to the inverted resistance level derived from Mean Support 65600. This movement is part of positioning Bitcoin for the upcoming "halving" event, which is expected to happen around April 20. However, a market decline could cause Bitcoin to fall to an Inner Coin Dip 57200 level.
Beam $Beam #Beam Beam is a perfect example of why you look at things on multiple time frames before you just make a quick decision on if something looks good or bad from just one point of view. It has had a rather deep correction and still could go lower. However, if you really understand the project as well as the type of heavy influencers it has behind it. It should be a somewhat easy buy/DCA at these levels especially if you have no exposure yet to it. most think it is going to be 20-50x + from this level by the end of this cycle. It also is a Gaming project that could end up being one of the few that ends up with real world utility proving that it ends up if not this cycle, then maybe the next. Being immune to Bear winters in the way other projects get. Not sure what you know about gamers, but they don't operate in 4-year cycles, lol these guys play 24/7365 and often even more during holidays.
Regardless of if it goes lower or not IMO these are good entries to begin with for future gains.
As for the charting shared and my indicators you can see that it looks a lot better on the daily then it does on the weekly which clearly has a strong sell signal currently. However i feel the daily looks close to throwing up a BUY signal and it could be about ready for a decent bounce even if just temporary. Only you know what your time horizon is and if you're trying to invest in your future and or make a swing trade vs a day/short term trade.
IMO Don't sleep on BEAM
If you ever wanted to follow early to accounts that stay in the game and up with what's going on and wish you made a appearance with them prior to them being bigger followings etc. this is a great opportunity lol with me, my larger OG account I've spent the last several years and all through the bear building was killed by X and now I'm starting over from scratch.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
Phala $pha #pha #phala $phalaPhala has been trying to show strength and bounce back during this correction and if it can stay above the $0.19 range it may just be a nice setup for going back up higher.
Old resistance from back in February 2023 are now trying to act as new support. This also coincides with levels from February & March of 2022. Further giving added structure to this idea.
IF we lose the $.19 level, we have major Support levels at $0.10 & $0.08
We are currently below the SMA 9 & 50 as well as the EMA 20.
My next level of focus from the bands will be the SMA 180 which currently is in the $0.145 range.
This project in the last bull cycle topped out in the $1.40 range so there is a LOT of possible upsides to this project if and when this cycle tops out and or if we worst case scenario just had a very early cycle rare Triple top and alt season ius over (doubtful) Great entries for the next cycle. This project IS building still and has all the right narratives going forward with all the right upcoming hype.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
This week's trading session Bitcoin completed the forthcoming Inner Coin Rally 72500, and as expected, the coin retraced to our designated Mean Sup 65600. Bitcoin is in the process of rebounding back to the 72500 scene of crime. On the downside, the market potential decline may occur, resulting in Bitcoin falling to Key Sup 61300 and an Inner Coin Dip 57200. The bull stage movement will arise from current price action or Key Sup 61300 and an Inner Coin Dip 57200, respectively.
ATOMic Impulse Soon 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ATOM has been overall bullish, trading within the flat rising wedge pattern in black.
Currently, ATOM is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support and round number $10 in gray.
🏹 Thus, the highlighted Atom logo with the blue arrow is a strong area to look for buy setups as it is the intersection of the gray support and lower black trendline.
📚 As per my trading style:
As #ATOM approaches the blue arrow zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish , trading within the rising channel in orange.
Currently, BTC is in a correction phase, approaching the lower bound of the channel.
Moreover, the highlighted red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower orange trendline.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MPC - Bulls Already In Control 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to our latest analysis, M PC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
📉 MPC is currently in a correction phase, retesting the red structure.
🎯 For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SEI - Bullish Impulse Ahead ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SEI has been overall bullish, trading within the flat rising wedge pattern in red.
Currently, SEI is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #SEI approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 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 April 5, 2024Technical Analysis and Outlook:
In this week's price action, Bitcoin rapidly moved towards a Mean Support level of 66700 and, in the process, established a new Mean Support level of 65600. This new level is being used as a base to ignite the bullish trend further. Currently, the market is experiencing consolidation, with the expectation of moving toward reaching the Key Resistance level of 73200 and beyond. However, a potential decline may occur, resulting in Bitcoin falling to the Mean Support level of 65600.
Bitcoin 8 year forecastThe white vertical line is Jan 09.
The white horizontal line is my personal estimation for a ceiling in price and adoption.
The blue lines are my personal extrapolation of the range using historical peaks and dips.
A stabilization between 100 000 and 200 000 $ would put Bitcoin between 2 - 4 trillion $ market cap.
This would be relatively small compared to global money supply but still a wonderful achievement.
... and a nice ride :----))
I expect the 2018 bubble to overshoot down to 2 500 $ around falls 2018.
An important aspect of this scenario is a significant decrease in volatility, making then Bitcoin a reasonable option for storage of value.
With all sorts of arguments, some people predict up to a million $ / Bitcoin, while some others predict it to eventually be worthless.
Things often turn out to be a compromise, which is the principle of a "market", and this scenario is my personal vision of this compromise.