bitcoin stoch diverging bullishlyit seems like a temporary bounce may be squeezing shorts on the daily indicating a retest of the 37k area monthly trama 12 is still in the high 40ks but sinking
Hodl
Bitcoin Nears Major Fib LevelBitcoin got a lift from the FOMC statement Wednesday, but this was just a fool's rally. As we predicted here, $40K proved to be a significant barrier and we rejected this level immediately, selling off sharply and smashing through relative lows at $37.7K which previously held strong. We saw a double bottom at this level and the fact that we were able to cut through it so easily with the selloff is not a good sign for Bitcoin. We are currently finding support just above the next level at $34.9K. We should stress that this level is quite significant as it is a major Fibonacci level on the daily chart. If we are able to break through, then the next Fibonacci level is at $29K. If we are able to pivot off current levels, then we must first break through $36.7K then $37.7K, before we can consider $40K again.
NYMUSDTNYMUSDT
While in the market, MM is trying to knock out everyone who still believes even a little bit in the bull market (one of which are you and me)
I think this project is extremely underestimated.
NYM is developing an infrastructure to prevent data leakage from existing Internet protocols.
This whole thing is achieved by protecting the metadata of each package at the network and application levels. In particular, NYM protects against even the most powerful network intruders who can monitor every incoming and outgoing packet of your Internet connection.
With NYM, you can surf the Internet without fear of being followed.
The project received an initial investment of $2.5 million from the Binance incubator back in 2019. Then $6.5 million was invested by Polychain Capital.
And the foundation is a $13M Series A funding round led by Silicon Valley monolith Andreessen Horowitz (a16z Crypto), with Barry Silbert's Digital Currency Group, Huobi Ventures, HashKey, Fenbushi Capital, Tayssir Capital.
why did NYM come out so badly?
the key problem is the "cheese-boron" between the development team and the coinlist (which can be said to have thrown 50k people with allocations and took them for themselves), but as far as I know all the misunderstandings have already been resolved and the team continues to develop
TOTAL:
TIR1 investor with an incubator in the form of Binance,
unique product, great roadmap and huge growth potential.
I showed you the selection zones on the chart,
I advise you to observe the risks and not enter the project by more than 7% of the deposit
Bitcoin Tests $40K!!Bitcoin had a small relief rally from lows at $37.7K as we anticipated yesterday. We weren't expecting anything big, but the double bottom at lows and sold off conditions predicted a small bounce. The rally in stocks helped as well. Currently, we are facing resistance from $40K, confirmed by a red triangle on the KRI. We expect resistance here, but if we are able to break through we will surely face more resistance at $42K, which is likely a barrier for now. If we reject $40K, then we could feel out the range between $40K and $37.7K, the latter likely to hold as a floor price for now.
Bitcoin Due for a Rally??Bitcoin found great support again from $37.7K as we predicted here. We appear to be seeing a double bottom at this level, which is encouraging, however we simply aren't seeing the buyback that bulls would like. The Kovach OBV is still very bearish, though it has picked up ever so slightly with the pivot from lows. As mentioned here, $40K is still a barrier, and we have not even been able to break $39.2K, the last level in the $30K's. Bitcoin seems to waiting for the stock market to find conviction, which hinges on the results of the FOMC meeting this afternoon. If we rally and are able to break $40K then we should see resistance around $42K. If we fall further, $37.7K should provide support. If we break that, then $36.7K is the next level down.
Bitcoin Maintains a Narrow RangeBitcoin is ranging after findng support at $37.7K. This level held despite a strong selloff in stocks, however we did not see much of a buyback and are still bound by $40K above. Volatility has consolidated significantly, between $38.2K and $39.2K. The Kovach OBV has completely flatlined, suggesting that we will need some momentum to come through either way before BTC makes its next move. We are starting to look very oversold, so a relief rally is due, but we $40K will be a significant target to break. If so, we can expect further resistance around $42K. Though we expect $37.7K to hold, the next level below is $36.7K if we break down.
BTC - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BTC.
Which scenario do you think is more likely to happen? 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 Still WeakBitcoin got smacked back down to support at $37.7K, which held and we are currently seeing a brief bounce off this level to test $40K. We are seeing a red triangle on the KRI forming at $39.2K, the last level in the $30K's. The Kovach OBV is very flat, and the Chande is at highs, suggesting a retracement from this level back to $37.7K is highly likely unless we catch a strong bid, which perhaps might follow a rally in stocks if we see one today (which is also somewhat unlikely). Even in this case, we anticipate resistance at $40K, with $42K a ceiling for now.
STRONG 5x !!!!!Very soon falling will be break and STRONG could fly to 100...buy small amount and HODL...
ETH - One More CheckPoint To Go!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETH is overall bullish from a long-term perspective trading inside our brown channel and now approaching the lower bound / brown trendline, we will be looking for Trend-Following Buy setups.
Moreover, the area 2450-2500 is strong support and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of a horizontal support in blue and non-horizontal support in brown.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , 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
BNB Buy & Hold Monthly Returns in April, 2022In this idea we want to show our operation as a long term trader - another definition for the term "Investors" - in which we select - doing also fundamental analysis - assets with long term bullish Bias.
During the selection process it is important to evaluate the performance of the assets and - once in the portfolio - to monitor how the situation evolves.
How did BNB perform in April 2022? -21.11%
As Quant Traders and Investors, we have developed a tool to help us decide if the asset has a long-term bullish bias and - even more important - to evaluate not only the profits but also the drawdowns at least on a monthly level - as investors portfolio monitoring is not that frequent - that we can expect.
What do you think about the trend of BNB? Other assets to analyse?
BTC Buy & Hold Monthly Returns in April, 2022In this idea we want to show our operation as a long term trader - another definition for the term "Investors" - in which we select - doing also fundamental analysis - assets with long term bullish Bias.
During the selection process it is important to evaluate the performance of the assets and - once in the portfolio - to monitor how the situation evolves.
How did BTC perform in April 2022? -18.72%
As Quant Traders and Investors, we have developed a tool to help us decide if the asset has a long-term bullish bias and - even more important - to evaluate not only the profits but also the drawdowns at least on a monthly level - as investors portfolio monitoring is not that frequent - that we can expect.
What do you think about the trend of BTC? Other assets to analyse?
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🔰Due to the price in the demand area and the fatigue that is evident in the price movement, if the price breaks the white downtrend line. Buying in this area seems low risk. The first target is located in the nearest supply area and the second target is located in the main supply area, which was previously the highest price for this crypto.💰👌
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Bitcoin Rejects $40K... Again 😒As mentioned yesterday, Bitcoin has met resistance just under $40K. We saw a brief pivot from $37.7K, which likely got bulls all hot and bothered, but the fervor quickly fizzled and was not able to sustain a recovery to the $40K's. The Kovach OBV picked up sharply with that rally, but has quickly leveled off. We have stabilized just above $39K, and are likely to remain in the range between $37.7K and $40K unless we see a nice buying wave come through. Keep your eyes on stocks, as the correlation between BTC and stocks seems to be increasing in reliability.
KCS - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area in red is a strong support zone.
Before we buy, as usual, we need the bulls to prove to us that they are strong enough to take over.
As per my trading style:
I will be waiting for a third swing high to form around the upper red trendline to consider it valid then buy on its break upward. Then I will be adding more longs after a break above the upper green zone.
Meanwhile, until the buy is activated, KCS can still dive inside the red zone before trading higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Testing $40KBitcoin appears to be finding support at $37.7K and $38.2K. We are currently making a run for $40K, but this seems to be a barrier for now, as we identified in yesterday's report. We are seeing several red triangles on the KRI to suggest resistance. The Kovach momentum indicators suggesting that momentum is edging up, but it remains to be seen if it will be sufficient to break $40K. It seems to depend on what stocks do today. If there is another selloff, we expect $37.7K to hold as a floor. If we are able to break $40K, then we will surely face resistance around $42K.
ETH - Building Block!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
ETH is still technically overall bullish trading inside the brown channel. and it is currently sitting around the blue floor 3000 and lower brown trendline, so we will be expecting a bullish reversal from here. (of course we need to zoom in to lower timeframes and look for buy setups to confirm the shift in momentum)
Unless the blue floor / support is broken downward, then our green zone 2500 would be the next floor and so on...
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ICP, What Next? ICP has had a dismal debut in the crypto markets. A listing dump, a long downtrend, and a dwindling market cap; ICP now sits roughly 98% below value of Coinbase listing.
Internet Computer is a Web 3.0 blockchain project that has a lot of potential. I believe positive news and a growing user base is coming. It's only a matter of time. It is the world's first blockchain that runs at web speed with unbounded capacity.
ICP is ranked #37 on CMC with a market cap of 4.3B at the time of writing.
I am following price action to determine if a bottom and accumulation will be formed and a new uptrend born. Recently, I am happy to see no massive moves have been made as other cryptos have experienced sharp bounces from recent lows. Slow and steady will form the foundation for a lasting rise.
IF ICP can make it back into the top 10 cryptos it has potential to offer 10x+ gains from current prices.
--For example ADA has a market cap currently of 38.4B, ranking #7 ahead of SOL with a market cap of 34B. (BNB and ETH 70B and 365B respectively.)
Compare to ICP current 4B market cap I'm sure you can see the potential.
I have begun to make some small purchases with the intent of a long hold.
ATL currently $18.11 - It is yet to be seen if we have found the bottom.
Thank You for reading my post.
No Guarantees
DYOR
Trade Safe, Trade Happy
Can Bitcoin Regain $40K??Bitcoin has rejected the $40K's yet again, feeling the weakness from stocks, and strength in the US dollar. The Kovach OBV is registering the selloff, but does appear to be bottoming out, suggesting Bitcoin may be finding support at current levels. We did see support from $37.7K, one of the exact levels we identified here. However, we are not seeing much momentum come through, and are facing immediate resistance from the next level above at $39.2K, confirmed by a red triangle on the KRI. If we are able to break through, then we will likely face extreme resistance in the low $40K's. If we break through $37.7K, then $36.7K is our next target for support.
NEO - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NEO is overall bullish trading inside the red channel and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a horizontal Support.
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and the red trendline.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on...)
And for the bulls to take over from a long-term perspective, we will need a break above the gray area covering the entire range / structure.
Unless NEO breaks the green zone downward aggressively, t hen it will become resistance again and a movement till the lower support would be expected (12.5 - 15.0)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Best Trading Strategy for Bitcoin!! Read More for Details!!Bitcoin has pivoted from lows completely in tandem with the bounce we saw in stocks. We have regained the $40K handle, as we anticipated here yesterday. However, we are seeing great resistance just below $40.8K, suggesting bulls still are not incentivized to buy it back higher. Range trading seems like the best option here. Be patient and scoop up some BTC in the $30K's, sell it in the low/mid $40K's. If we have enough momentum to break out, we will next face great resistance from the $42K's. If we give up the $40K's again, then we will likely test $38.2K again.
BTC - Detailed Video Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BTC .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
