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ETH Bulls Ready To Rally? Mid-Long Term AnalysisETH/USDT has broken out from a medium-range trendline formed in 100 days and has corrected nearly 50% from the top. This breakout might bring in the bulls and enable them to rally further. Resistances are marked in the red dotted lines. While Supports are marked in Green dotted lines. For the rally to sustain and bull run to continue the price should be above the given dynamic and static support levels. Any Significant close below these levels will cause a crash. Until the supports are not broken by the daily candles, ETH looks bullish and this might be a start of a NEW BULL RUN. ETH must take out the resistance levels for the rally to continue further. Let Us Hope For The Best. So This might be a good opportunity to start investing as RISK-TO-REWARD-RATIO Looks favorable. It is a good idea to keep Stop Loss somewhere below the support levels Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Long
by tradewidmufeeth
2
FTM - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow. FTM is overall bearish trading inside our brown channel . However, it is currently approaching the lower brown trendline. The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.0 - 1.2) and lower brown trendline. (acting as non-horizontal support) As per my trading style: I will be looking for bullish reversal setups on lower timeframes(like a double bottom pattern, trendline break, and so on...) Unless FTM breaks the blue zone downward aggressively with many big bearish candles. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
17
DOT - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. DOT is sitting around a strong support in green so we will be looking for buy setups. on DAILY: DOT formed a valid wedge pattern in red but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, DOT would be overall bearish can still trade lower inside the green support zone. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
Bitcoin Holds the Range... For NowBitcoin is ranging safely in the $38K's. We made a brief attempt at $40K again which was quickly batted down. Resistance at this level is confirmed yet again by a red triangle on the KRI. We appear to have strong support from $37.7K, with this level holding strong after an attempt to test lower levels. If these levels do not hold, watch the vacuum zone to $36.7K. From above, $40K seems to be a prohibitive barrier, but if we can break through the next target is $40.8K then $41.6K.
BITSTAMP:BTCUSD
by quantguy
Bitcoin Still in the Doldrums 🥱Bitcoin has been in the doldrums all weekend. It has flatlined around $39.2K, which we have added as a new technical level. We are seeing resistance at this level currently, as confirmed by red triangles on the KRI. It has really shown a preference for the range we have called out many times in these reports: $38K to $40K. The only good news is that Elon Musk, crypto's self proclaimed cheerleader, has announced that he will not sell his crypto holdings . Bitcoin appeared to rally off this, after testing lows at $37.7K, which should be regarded as a floor for now. The Kovach OBV is pretty bearish, but if we do somehow gain steam, then we must break $40K before seeing higher levels.
BITSTAMP:BTCUSD
by quantguy
Ukraine Talks Lift BitcoinBitcoin bottomed out at $38K as we have been anticipating here in these reports. We discussed this yesterday and gave explicit levels where BTC would likely find support. News of potential easing on the Ukraine conflict has given the crypto market a nice lift and we are currently testing $40K again. The Kovach OBV has declined but is starting to lift with the news. If we continue to rally, then we will next meet resistance in the $41K's then $43.1K will be the next target. If we reject current levels, look to $38K to provide support again.
BITSTAMP:BTCUSDLong
by quantguy
1
BITCOIN - Bullish Scenario!Hello TradingView Family, this is Richard, and if you like this idea, kindly support with a like or a comment. BTC is overall bullish trading inside the green channel and currently sitting around the 40k support zone, so we will be looking for buy setups. on H4: BTC is forming a wedge pattern in red but the upper trendline is not valid yet as per my trading style, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that third swing to form and then buy after a momentum candle close above it (gray zone) and above the 40k for extra confirmation. Meanwhile, until the buy is activated, BTC would be stuck inside a range, or even break that green channel downward for the bears to take over again. 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
BITSTAMP:BTCUSD
by TheSignalyst
29
Two Reasons Why Bitcoin SlidBitcoin has retraced sharply from its rally to the $41K's in a classic Bart Simpson pattern. Recall that exuberance over the Executive Order on crypto regulations sparked a big rally, which soon faded. Support failed to hold as $211M worth of liquidations crushed bulls. We have completely given up the $40K's and have returned to safety in the previous value area between $38K and $40K. The Kovach OBV has dipped sharply registering the selloff. If we do rally again, $41K will be even harder to break as it was established as a relative high. We should continue to see support from $38.2K, $37.7K, and $36.7K, which is the likely floor for now, but watch the vacuum zone below that to $34.9K.
BITSTAMP:BTCUSD
by quantguy
OMG - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow. WEEKLY: Right Chart OMG is overall bullish trading inside the brown rising broadening wedge pattern. and now OMG is sitting around the lower brown trendline and green support, so we will be looking for buy setups on lower timeframes. DAILY: Left Chart OMG is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing high to form around the blue trendline and then buy after a momentum candle close above it. (projection in purple) Or waiting for a break above the last high in gray and above the blue trendline. (projection in red) Meanwhile, until the buy is activated, OMG would be overall bearish can still trade lower inside the green support before activating the buy setup. 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
OLong
by TheSignalyst
13
Top Two Major Factors to Watch with BitcoinBitcoin caught a huge lift, after ranging between $38K and $40K. This perhaps was driven by news that Santander is launching loans backed by tokenized commodities such as grains and soy. This is a significant development for crypto, and is bigger than the "Bitcoin ETF", which is currently pegged to Bitcoin futures prices, not a basket of crypto holdings, at least in the US. It has held current prices despite possible risk from news that Biden is to sign an executive order studying current Federal crypto policies. We are currently testing $42K, but the Kovach OBV has turned up notably. If momentum continues then the next targets are $43.1K then $43.8K. If we retrace, we could reestablish the previous trading range between $38K and $40K.
BITSTAMP:BTCUSDLong
by quantguy
Bitcoin Facing ResistanceBitcoin has fell from the $40K's to the value area between $38K and $40K. We made a run for lower values but found great support at $37.7K. We are currently seeing a lot of resistance above confirmed by multiple red triangles on the KRI. Indeed, $40K should provide a barrier for now, but if we are able to break through, then we have two strong levels in the $41K's which makes this the next target. If we break down further, watch the vacuum zone to $34.9K. The Kovach OBV is pretty flat, so anticipate more ranging, though the risks remain to the downside.
BITSTAMP:BTCUSDShort
by quantguy
1
Bitcoin Stumbles, Finds Support at $41KBitcoin has retraced from $45K to find support at $41K. This is exactly what we predicted yesterday. Bitcoin was having a great deal of trouble with $45K, with the price action rounding off, and several red triangles on the KRI confirmed resistance there. We seem to be getting good support at $41K, but if it fails, we will surely see further support at $40K. There is a vacuum zone back to $38K, which has been well established in these reports, and dedicated readers should recall this well. The technical level of $38K is also a major Fibonacci on the day level, so keep this in mind. If we somehow can muster the strength for a rally, $45K will surely be a barrier for now.
BITSTAMP:BTCUSDLong
by quantguy
3
Bitcoin Still Struggling with $45KBitcoin has made multiple attempts to break $45K, but every attempt has been thwarted. Wicks reject higher levels every time, and we have multiple red triangles on the KRI. Also, the price action is rounding off, which suggests a top at current levels. We are seeing support from $43.1K, as we have been mentioning in these reports, however support appears to be hanging on by a thread, and there is a vacuum zone to $41.9K. This level has held in the past, but if not, $40K is another strong technical and psychological level. If we are somehow able to break $45K, then $47.4K is the next target.
BITSTAMP:BTCUSDShort
by quantguy