Bullish Patterns
GBPUSD - Chasing the Bulls!!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish trading within the rising channel marked in red.
Moreover, the blue zone is a major daily support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of daily support zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPUSD 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
QTUM is almost ready...NASDAQ:QTUM -@qtum
Qtum is a smart contract platform forked from Bitcoin Core and Ethereum.🔐
#QTUM rejected the $2 support level and round number.
For the bulls to take control in the medium term, a break above the inverse head and shoulders neckline marked in orange at $2.47 is needed.🚀
BTC - Let's Keep It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏢BTC Building Blocks:
📉 Short-Term Bearish:
BTC is currently trading within a short-term bearish block between $81,200 and $87,500.
📉 Long-Term Bullish:
If the $81,200 low is broken to the downside, BTC is expected to enter the long-term bearish block.
📈 Short-Term Bullish:
If BTC breaks above the short-term bullish block at $87,500, it will enter a short-term bullosh block phase towards the $95,000 structure.
📈 Long-Term Bullish:
If the $95,000 level is broken to the upside, a long-term bullish movement toward the all-time high would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EUR/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/CHF is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.963.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Promising Breakout Setup Ahead! Chart 1W CBOT_MINI:YM1! BLACKBULL:US30
Promising Breakout Setup Ahead!
The chart highlights RSI and Williams %R trendline breakout plays. My strategy? Identify trendlines on the chart, monitor RSI and Williams %R, and target breakouts on these momentum indicators.
Current Situation:
All key signals have already triggered.
Strong bullish seasonality
Favorable COT data (small specs bearish, commercials bullish)
Low open interest
This setup aligns with high-probability breakout criteria.
Chart Indicator
SMA 1W 52 (red)
SMA 1W 18 (green)
Bottom Indicators
WilVal
Williams R% 9 length
RSI 9 length
Not Financial Advice
for more questions ask in the comments or
check my X @valuebuffet
World Index Shows 5Th Wave Is Still MissingWorld Index ETF with ticker TSX:XWD has extended its rally for 261,8% Fibonacci retracement, which is ideal zone for wave 3, so current slow down can be just a higher degree ABC correction in wave 4. It’s now testing interesting and important textbook support at the former wave 4 swing low and 38,2% Fibonacci support area, from where we may see a bullish resumption for wave 5 this year. Invalidation level is at 90.
Could Pectra Upgrade leads Eth to 11K this cycle?
sentiment on ETH never has been that low while all the arguments against ETH will just be vanished with the upcoming Pectra upgrade
volume is as low as pre 2017 era so I think we can consider ourselves around June July 2017, when ETH made a ~70% retrace from 450 to 150 than peaked at 2K
Despite some delays I don't see why the upgrade will not happen...patience is key
_______
In a more technical view lets zoom to the daily timeframe
- its visible on the weekly chart: ETH bounced from weekly POC, saving it from collapse (?)
- around 0.5 fib now from low cycle to top cycle
- bounced back above that big blue trendline, its an important support that we dont want to loose
I would say the low has been done on the 11th of March, as for BTC
2 and a half possibilities here,
- bullish scenarios : I think there's too much stake on this asset, we bounce from here to see at least 2800 zone
either only up from now, either we go back to 1800 to make a double bottom, sort of H&S pattern kinda happening often at least this cycle
as long as we dont make a lower low this scenario is valid
in this scenario if the upgrade keep its promises and volume is back, I don't see why we wouldn retest new ATHs
- bearish scenario : we breakdown for a lower low aiming to 1600 area, the retest of the trendline above would fail and it would probably be the end of this bull market, that a lot of ppl have already called
______
fast check on whats happening if we zoom again:
Heres the 4H
4H closes in 1 hour but as you can see for now ETH pinged from that blue trendline i think we really dont want to loose
I bought a bit again today, lets see
cheeeers
BNB ANALYSIS🚀#BNB Analysis : Pattern Formation
🔮As we can see in the chart of #BNB that there is a formation Inverse Head And Shoulder Pattern and it's a bullish pattern. If the candle closes above the neckline then a bullish move could be confirmed✅️
🔰Current Price: $635
⚡️What to do ?
👀Keep an eye on #BNB price action. We can trade according to the chart and make some profits⚡️⚡️
#BNB #Cryptocurrency #TechnicalAnalysis #DYOR
AUDCAD - Bulls Steppin in!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDCAD has been overall bullish trading within the rising wedge pattern marked in blue.
Today, AUDCAD is retesting the lower bound of the wedge.
Moreover, it is approaching its previous weekly low.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of weekly low and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDCAD 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BTC make or break zone!As per our last BTC analysis, it has been bullish this week, trading within the rising channel marked in red.
For the bulls to take over and start the next impulse toward the $95,000 round number, a break above the last major high at $87,400 is needed.
Meanwhile, if BTC breaks below the last major low marked in red at $81,200, further downside toward the $75,000 support would be expected.
EUR/NZD BEST PLACE TO BUY FROM|LONG
EUR/NZD SIGNAL
Trade Direction: long
Entry Level: 1.881
Target Level: 1.888
Stop Loss: 1.876
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD LONG FROM SUPPORT
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.566 area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
The THETA chart sure has a story to tell!*"Here is a copy of my latest THETA chart, which I recently covered. There is a lot of information to be discovered simply by looking at it and drawing the proper conclusions. This will be one to watch as we move forward into the 'April flash crash' thesis I have been widely discussing.
Even if it doesn't materialize as I've theorized, there are still some interesting developments that could be coming regarding the future of this asset.
Good luck, and always use a stop loss!
Nasdaq: Wave A Done – Now Lining Up for a Strong BounceThe Nasdaq is starting to look really interesting here. In my view, we've completed Wave ((a)) to the downside—a clean (abc) correction. Why do I think it's done? Because we've just tapped into a Fair Value Gap (FVG) and saw a strong reaction, just above last year’s VWAP, which I always consider a key reference point on the higher time frame.
Ideally, I would have liked to see that 19,090 level get tagged—unfortunately, we didn’t quite reach it. But honestly, this reaction is solid enough to still keep the bullish scenario intact.
Adding to that, the RSI is now in oversold territory, and the last two times we’ve seen that, it was followed by strong upward moves. Based on all of this, I’m expecting a solid bounce over the coming weeks, likely lasting into Q1 or even Q2 2025 .
Where could this move take us? I see two key zones: the first between 22,000 and 22,425 and the second between 23,320 and 23,675. Could it land somewhere in between? Sure. But one of those zones is where I expect this corrective structure to wrap up. That would likely complete the larger ((abc)) correction, after which we’ll finally begin forming the macro Wave A—which will open the next big leg of structure.
So the bigger picture is in play here. In the meantime, I’ll be hunting for entries on the lower time frames, because I do think we’re setting up for a pretty solid push on this index in the coming weeks.
USDCHF Correction Due To Produce A Reversal Pattern?OANDA:USDCHF has been in a Correction Wave since the beginning of January and we now see that Price may have finally found Support at the 1.809 Fibonacci Extension Level of the Correction Wave.
With both Lows in March finding Support at the 1.809 Fibonacci Extension Level, Price is beginning to form what looks like a Reversal Pattern, the Double Bottom!
** Confirmation of Pattern will come when Price Breaks and Closes Above .8863, then we will be looking for a Long Opportunity to present itself as a Break and Retest Set-Up. The Retest will Validate the Trade Idea!
If we take the height of the Pattern and apply it to the Break of Confirmation, this puts the Potential Target at Previous Area of Support of the Correction Wave ( Point A ) in the .8975 area.
Fundamentals seem to Support the Bullish Idea with:
SNB Cutting Interest Rates by 25 Basis points from .5% to .25%
FED Holding Interest Rates @ 4.5% due to "Economic Uncertainty"
Unemployment Claims for USD came in as expected with no surprise and even 1K below Forecast ( Actual 223K / Forecast 224K )
Also Positive Outlook from Philly Fed Manufacturing Index and Existing Home Sales see USD rise.
Next Weeks Final GDP on Thursday, March 27th will be the next big News Event to bring some light to how the economy is doing and if USD will continue strengthening!
Cardano (ADA) Swing Trade SetupWith ADA approaching a key support level, this presents a strong risk-to-reward opportunity for a long swing trade. If buyers step in at this level, we could see a move towards upside resistance zones.
🛠 Trade Details:
Entry: Around $0.70 (Support Level)
Take Profit Targets:
$0.82 - $0.89 (First TP Zone - Initial Resistance)
$0.96 - $1.02 (Second TP Zone - Major Resistance)
Stop Loss: Just below $0.63
Waiting for buying confirmation at support before entering. 🚀
ENA/USDT: 100% PROFIT POTENTIAL TRADE SETUP!!🚀 Hey Traders! ENA Breakout Alert – 100% Move Incoming? 👀🔥
If you’re excited for this setup, smash that 👍 and hit Follow for premium trade ideas that actually deliver! 💹🔥
🔥 ENA/USDT – Breakout & Retest in Play! 🚀
ENA has broken out of a falling wedge and is now retesting the breakout level. With momentum building, it looks poised for a massive 90-100% upside move from here! 💥
💰 Trade Setup:
📍 Entry: CMP, add more up to $0.36
🎯 Targets: $0.46 / $0.58 / $0.66 / $0.77
🛑 Stop-Loss: $0.325
⚡ Leverage: Low (Max 5x)
🔎 Strategy:
Enter with low leverage now
Add more on dips and ride the breakout momentum higher 🚀
💬 What’s Your Take?
Are you bullish on ENA’s potential for a 100% move? Share your analysis, predictions, and strategies in the comments! Let’s crush it together and lock in those gains! 💰🚀🔥
EUR/JPY SENDS CLEAR BULLISH SIGNALS|LONG
EUR/JPY SIGNAL
Trade Direction: long
Entry Level: 161.131
Target Level: 162.550
Stop Loss: 160.184
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
EUR/GBP BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are targeting the 0.841 level area with our long trade on EUR/GBP which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
The Fed Cuts Balance Sheet Runoff by 80% - BULLISH!RISK-ON 🚨
I’m seeing so many people incorrectly analyzing the September 2019 emergency repo OMOs, which were short-term liquidity injections from the Fed, and then comparing it to the price of BTC going down, before QE officially started in March 2020 because of the pandemic.
Here’s what really happened.
September 15, 2019 was a tax deadline, pulling ~$100B out of markets as large corporations paid the IRS and funds flew into the TGA.
Meanwhile, the Treasury issued new T-Bills to rebuild cash reserves following the post-debt ceiling resolution in August, draining another $50-100B as big banks and institutions absorbed the securities.
During this time, the Fed continued reducing its balance sheet (QT) down to $3.76T, but the balance sheet did not leave enough slack for unexpected cash drains to the system, such as corporate taxes and Treasury issuance.
Unfortunately, the Fed was flying blind and did not have a hard number estimate for “ample reserves” in the banking system.
These reserves were largely hoarded by a few of the larger banking institutions due to Liquidity Coverage Ratio (LCR) rules and a higher IOER at 2.1% vs the ON RRP rate of 1.7% - a 40 bp spread.
This caused a liquidity crisis in the US repo market because bank reserves held at the Fed ($1.36T) were too low and repo lending dried up. Banks weren’t able to access each other’s reserves to fund daily operations.
SOUND FAMILIAR !?
The US just resolved its CR to avoid a government shutdown, and they will be refilling the TGA by issuing new T-Bills. The reverse repo facility is also nearly drained.
Today, we heard the Fed will be reducing its securities runoff from $25B - SEED_TVCODER77_ETHBTCDATA:5B on April 1st, an 80% adjustment.
One of the main drivers is they wanted to get ahead of another 2019-style repo crisis (although they won’t say this), rather than being reactive and having to perform emergency OMOs once again.
Now to go back to my original point with people saying the Fed reducing its balance sheet runoff is a big nothingburger based on BTC price action in 2019.
BTC dumped because of the repo crisis, NOT because markets needed QE.
By early 2020, the liquidity crisis was resolved, and BTC pumped ~45% before the pandemic hit in March and nuked the chart.
Proof is in the pudding - just look at the 2017 bull market.
QT started in October 2017, and the market ripped until early 2018.
The Fed reducing its balance sheet runoff by 80% is definitely a signal of risk-on for educated market participants, as it leaves more reserves in the financial system, which gives banks more liquidity to loan the market.
i.e. M2 go up.
But keep listening to your favorite large accounts who are all of a sudden macro gurus, what do I know 🤓