INJ - Injecting An Impulse 💉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
🏹 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.
📚 As per my trading style:
As #INJ 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
Bullrun
btcusd started bull run soonThe upcoming Bull Run for Bitcoin is expected to reach significant levels of capacity, with updates on prices coming as signals are received. The Bull Run is anticipated to occur by today at 8 pm or possibly sooner. In the worst-case scenario, it might happen overnight while we're asleep, based on Pacific Time, but indicators suggest a high likelihood of it happening soon.
The surge in activity is attributed to the low volume of whales, indicating a mega Bull Run. This signal emerged on march 30th and is closely tied to volume, particularly reflecting retail traders selling at losses. The whales, large investors in the cryptocurrency market, have evidently decided that it's time to accumulate again.
While there's a possibility of delay, it's also conceivable that the Bull Run could happen even quicker than anticipated. This information is shared based on observations and analysis of whale activities.
@houseofcryptotrader
[CC] Cocoa bull run is over ?Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone.
While a revisit to the $1000 level in the coming days is plausible, it's probable that we'll witness a corrective phase following this impressive bull run. The market sentiment suggests a potential pullback as the price encounters resistance and investors book profits.
In summary, while the short-term outlook may involve another touch of the $1000 level, caution is warranted as a correction seems increasingly likely in the aftermath of this remarkable uptrend in Cocoa ( NYSE:CC ).
Great Trade !
GRT a simple fact. It's bound to succeed Hello again,
This is a setup that I was able to join later in the game with a position around the $0.25 cents but I do consider that a price of accumulation anyway.
It's a little bit higher now but I see it's got the potential to reach $1 dollar easy. So it's a long for me and I'll see you there at the $1 mark.
Trade thirsty, my friends!
GTAIUSDT - BUY OPPORTUNITYThis Ai project is looking promising, has a huge potential, their project is already doing amazing, backed by CGPT, and the team is quality, always looking to streamline their work on improving the project and keep pushing!
This is a LOW CAP Ai coin (Carries: High Risk - High Reward) - If it performs as expected to swing areas and potentially even higher! You are looking at EXTREME GAINS!
Personally I will be looking to hold this coin for quite some time, potentially past my swing profit area - I can see this coin in top 100mc alongside CGPT. Huge potential but carries high risk as well in case it under performs! But overall, I am pretty positive and happy to trade this coin with potential for a massive return! We all carry different levels of risk tolerance ;)
As always, Pls trade at your own risk!
Profits are never guaranteed, your Capital is at risk and you may/ can lose your entire capital!
Trade Safe Habibis!
01/04/24 Weekly outlook (Q2)Last weeks high: $71771.20
Last weeks low: $69088.87
Midpoint: $66406.55
Q2 BEGINS!
BTC saw a 91.35% increase from yearly open and closed out Q1 at ~71K . A very strong first quarter on the lead up to The Halving now less than 20 days away we have only a few more weeks to get set for the event which historically brings new highs after.
Now that we have ended the month of March and begun Q2 , we can see that the bulls really pushed for a strong monthly close above the '21 ATH level of 69K, a very important S/R level and now we have closed above on the monthly it's confirmed as new support.
Almost instantly after the monthly close price did drop back down to the previous weeks Midpoint of the range and the important support level. I do think we range for a while and build a base in the lead up to the Halving, any dip is probably a good entry point for long a long term hold as historically new highs come soon after the halving.
For now I think we'll see a continuation of select alts having double digit days with BTC & ETH staying relatively flat . In my opinion we're at the low cap/memecoin stage of the cycle and just waiting for the next big BTC rally to start the whole cycle again and have money flow back into BTC. Next rally should target 86K (1.272 FIB extension) and with supply halving and ETF backing I do believe it's achievable this year perhaps even this quarter.
XAUUSD PENDING PULLBACK for another rally? (buys from 22000Currently, I'm not favoring gold due to its lack of healthy price action characterized by abrupt bullish momentum without significant pullbacks. This has resulted in the creation of numerous Asian lows and imbalances below that need to be filled. Consequently, I'll wait for price to retreat and potentially reach a demand zone to sustain its strongly bullish trend.
If price consolidates and experiences a downward break, I anticipate the formation of a new supply zone, providing an opportunity to sell toward a demand zone. However, I'm keen to observe how price behaves throughout the week given gold's erratic movements.
- Gold has been moving very bullish on the lower and higher time frames.
- Lots of imbalances left below as well as multiple untaken Asia lows.
- Price took ATH's and candle stick anatomy is strongly bullish.
- Demand zones have been left around 22000 and below so potential rally from there.
P.S. With NFP scheduled for this Friday, I'm keen to observe its impact as it could significantly influence gold's direction. There's a possibility of a decline, which could fill the imbalances below and reach a demand zone, but we'll have to wait and see.
Have a great trading week guys!
LTC Bull continuation to break above 100$Hello, yeah I know the past week or so was a bloodbath,
So LTC as seen on the chart has just completed the correction from 102 and completed at 78$,
So from there, our entry was at 81.94. so from here im expecting a bullrun to break above 102$.
SO for those that have been hodling LTC, keep on Hodling. the coming weeks are gonna be great and life changing.
NFA as always.
#DOMINANCE UPDATE!#DOMINANCE UPDATE
In the short-term, a symmetrical triangle pattern is forming within the dominance trend, with the current trading activity occurring above the lower support level. It is important to exercise caution, as a breakout or breakdown of this pattern will confirm the next move in the trend.
Stay tuned
US30 Bulls still holding strong (buys potentially from 39400.0)US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing.
Now, I anticipate two possibilities: either price will break past the newly formed high, or it will retrace to address a significant demand level. In the event of a retracement to the demand level, I'll wait for lower timeframe confirmation before preparing long setups, targeting either new highs or significant liquidity points.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Clean nearby demand zone on the 18hr or 21hr.
- New high is close by which is a strong level of liquidity tat is lying there.
- After this imminent retracement we can expect a new rally.
P.S. I strongly favor the bullish trend due to several recent breaks of new highs. Additionally, there are several demand zones that have yet to be mitigated. However, given the impulsive nature of price movements, I wouldn't be surprised if we witness further upward momentum, potentially breaking the high once again.
Have a great trading week guys!
25/03/24 Weekly outlookLast weeks high: $68975.9
Last weeks low: $64863.9
Midpoint: $60752.0
Our first major pullback took place last week as BTC saw a weekly low of $60,752 , and notably the weekly high didn't manage to top the previous cycles ATH at 69K which does indicate a HTF Bearish Swing Fail Pattern. The 4H 200EMA providing support on multiple occasions and keeping the HTF trend bullish. Both of these price action movements creating a bit of a stalemate/ chop. Looking closely to see which pattern gets broken first.
So far any pullback we have seen has been more of a leverage flush than a sustained pullback, V-shaped recoveries as entities such as BlackRock completely absorb any sell pressure. However, we did see a drop in IBIT inflows that were unable to absorb Greyscales GBTC outflows , leading to negative volume and a drop in price.
I think if we could see an S/R flip of the previous ATH it would give the greenlight to the rest of the market to continue moving up. Historically a pre-halving dump is normal, a ~20% correction is normal. If we don't flip that S/R level a sweep of the $58K area is not off the table but the closer we get to the halving the less likely that is to happen in my opinion.
The altcoin market pulled back with BTC with a few exceptions as usual. Narrative plays like RWA enjoying gains as BlackRock prepare for their $10TRILLION Tokenisation vision starting by depositing $100m USDC on the ETHEREUM blockchain. .
This week focusing on ETH based RWA projects for longer term holds could be a good plan to try and front run BlackRock buying. BITCOIN is obviously the main focus as it needs to continue its bullish trend so that the rest of the market can continue to rally.
25 Days to The Halving
This weeks focus:
- BTC S/R Flip
- ETH RWA's
Bitcoin: Breaking Through the $80,000 Barrier?Bitcoin has yet to significantly surpass its all-time high, as we are still hovering just below the $69,000 mark. It might now be time that we could see a Wave (4), which should lie between the 38.2% and the 50% Fibonacci retracement levels. We believe that around 38.2%, specifically at $50,277, we might see a substantial amount of buying volume. Depending on where we conclude Wave (4), the possible upside should lie between $79,000 and $105,000, with $105,000 being the maximum level, which is not entirely likely, but we should at least reach $80,000. Then, we should conclude the overarching Wave I with a larger Wave II correction. However, this still has some time to unfold.
Believe ItI know I am! I think we are in a "mini" phase pre-end of spring where we just keep ripping it up. There's just too much good news coming out each day about Bitcoin itself. The ETFs have been a massive success, I was blown away by the inflows today. And cherry on top, we have a halving coming up in the next month. Accept and embrace the bull.
This is my most optimistic run out of the next month and a half for Bitcoin. I just copied the earlier run up over, because I think nothing has changed since. We push up, we consolidate and breathe, and run it back. I think it starts to get a bit more iffy in the mid term with end of May and summer? (I'm nervous of the whole SEC vs. ETH situation) Maybe not though, I'm not sure what bad news about Bitcoin will come out by then and how severe it will really be. I've been here for years and this really feels like it's a full on bull run going head on into the halving again- I think this may be the moment we've been waiting for.
We'll see though- I'm always surprised by BTC, for better and worse. I don't want to think of pessimistic outcomes because I genuinely can't think of any negative outcomes at the current moment for BTC. It will always carry the rest of the field and the amount of institutional and public attention growing each day has been so unbelievable for me to watch in real time.
BTCUSD to 85KINDEX:BTCUSD is looking ready for another big move up.
Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now.
But when we do, its gonna pump hard.
Damn these last few months have been exciting to trade!
We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023).
I consider that validation we weren't going down anymore...
That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line)
I've plotted some similar waves onto the chart from similar moves on INDEX:BTCUSD to get an estimation on how price could flow through time.
Have fun trading! Keep SAFU and remember to be patient.
**UPDATE ON SHIBA** BULLISH BREAKOUTDid anyone go all in ?
Other company supporting and helping Shiba to eliminate lots of Zeros and Shiba will make history. Made my research and looks like more than trillions of dollars going to be burn and do not sell ; hold it.
I fully know you’ll hit more than 5 figures in your profit. Buy and hold; don’t listen to those haters who know nothing about Shiba and Shiba has potential to breakout and go a lot higher.
1 cent is the target and then $1 if couldn’t reach then 0.001
The only thing I know about Shiba will hit 1$ in 2028
LDO Daily Time Frame Triangle Broken And Retest Dne?In my point of view LDO token was playing a triangle from the beginning and now it has broken and retest done. We are looking at elliot wave counting also seems to 2nd wave done as a zig zag formation and as holding the upper trendline of the triangle strongly has a potential to continue it's bull rally from here.
DYOR
Reserve Rights is leaving accumulation phaseRSR has shown strength as of late, but better late than never.
Currently it is attempting to depart from its macro accumulation phase (high volume area) and is pushing the first level of interest (dotted horizontal). Additionally, it is interacting now with the 100ema on the weekly time frame, meaning I think a shorter term correction is due.
Long term, this chart looks fantastic. I think despite potentially seeing consolidation in the short term, this thing should push up toward our high time frame resistance (macro resistance) in the large red zone.
This is the first higher high out of the bear cycle, so things are really just getting started imo.
Don't sleep on it.
Vatsik