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BTC - Reviewing My Previous 5 Ideas As A Practical Example! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I thought it would be a great idea to put my last 5 picture ideas together as a practical example. As this amazing platform @TradingView is all about learning and sharing. So let me know if you like the idea to apply it on other instruments. ---------------------------------------- 1) BTC - Are You Ready? You Better Be! Analysis: we were waiting for break above or below the range. Result: The bulls took over by breaking the range upward. So we are now bullish. 2) BTC - Make or... Break! and 3) BTC - Prepare for Takeoff OR Brace for Impact! Analysis: after the bulls took over, we then entered in a correction phase (short-term bearish) and were waiting for the next impulse movement to start. Result: The bulls took over by breaking above the flag (short-term) and last orange high (medium-term) 4) BTC - 28K See You Soon! ETH Analysis inside Analysis: After breaking the last orange high, we expected a correction till the lower bound of the red channel to look for trend-following buy setups. Result: BTC rejected our red trendline and gray zone and we are currently looking for the next impulse to start. 5) BTC - Dear August, Be Good! ETH Analysis inside Analysis: this analysis was made yesterday, so not much to add here. We are still waiting for the bulls to take over by breaking above the last high highlighted in orange. Meanwhile, the bears can still kick in and break the channel downward, in this case we will be expecting a short-term bearish movement because the last major low (as highlighted on the chart) wouldn't be broken yet. ---------------------------------------- These are my last 5 picture ideas. If they are not enough, I am also posting daily video updates as a series "Bitcoin in 1 Minute" so feel free to check it out. And I will be here if you have any questions. And always remember: All Strategies Are Good; If Managed Properly! Good luck! ~Rich ~Richard Nasr ~theSignalyst
BITSTAMP:BTCUSD
by TheSignalyst
31
Bitcoin in 1 Minute - Day 24 - Picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 24 out of 500 days done. First, I want to apologize as I couldn't make a video today. But here is a quick update: As mentioned yesterday, we are around the upper bound (red zone and upper brown trendline) so we are expecting the bears to take over. The confirmation that the bears took over was after breaking below the highlighted low in gray. For now, we will be overall bearish as long as we are trading inside the orange channel. The next possible support would be around the lower orange trendline / blue trendline and 20k (purple circle zone) If broken downward, then a movement till the lower bound (red zone) would be expected. For your reference: You can check yesterday's video here: And my view from a long-term perspective here: 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
7