KSM - Long-term & Short-term RoadMap!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Long-Term:
KSM is trading inside this giant symmetrical triangle in brown.
As per my trading style, I will be waiting for a third swing to form around the upper brown trendline to consider it valid then buy on its break upward. (projection in purple)
Short-Term:
As KSM approaches the lower bound/brown trendline, I will be looking for buy setups on lower timeframes. Any bullish reversal setup 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
Hodl
Bitcoin Dumps!! What's Next??We called it yesterday! Bitcoin appeared really top heavy in the low $50K's, and sure enough, we saw a big dump back to comfort in the high $40K's. Granted, this hardly qualifies as a 'big dump' for Bitcoin, but it's enough to dampen hopes for us to return to pump mode, for the moment. We mentioned that $52K seemed to be a barrier for BTC, with $52.8K the apparent ceiling. We did see BTC test $52K a few times, before rejecting these higher levels and smashing back down to $49.7K, where it continued to fall. It is currently finding support just above our level at $48.2K. We cited several more levels of support below this at $47.7K, then $46.2K, if the selloff is not finished. However, we appear to be finding good support at current levels, and are likely to hold here and perhaps range a bit before making the next move.
MKR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
MKR is sitting around a strong support zone in green so we will be looking for buy setups.
on DAILY: MKR is forming a trendline in red but it is not valid yet, 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 swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MKR would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Can Bitcoin Sustain $50K??Bitcoin finally saw a pump last week back to the low $50K's. The Kovach OBV registered bullish as the buying continued in a zig-zag pattern from lows at $45.4K. However, we do appear to be facing serious resistance at the psychologically significant $50K handle, in particular $50.8K. There is a wide vacuum zone to $52.8K, our next target and the next technical level above. We will see if Bitcoin has enough momentum this week to break through, but it is looking technically weak, and is having trouble solidifying the $50K's, hence we can expect a retracement back to comfort in the $40K's. In particular, look for support at $49.7K, $48.2K, and $47.4K.
ETC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETC is sitting around a strong support zone in green so we will be looking for buy setups.
on DAILY: ETC is forming a channel in red 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. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Breaking the Downward CurrentAs I said a few days ago, I noticed that the weekly RSI was starting to turn and predicted that Bitcoin would regain traction and test $50,000. We are seeing this now.My laser show of lines is starting to make sense. The next hurdle will be around $53,000 to regain a psychological win at the $1 trillion market cap. Momentum is continuing to pick up pace on The Daily indicators, and the only lags we should be seeing is that these milestone resistance levels. I imagine we will be visiting the ATH by New Year's. In the meantime, Alt coins are getting some much needed attention. Happy Christmas (etc) and Happy Trading!
BITCOIN - Christmas Tree Pattern!Hello TradingView Family, this is Richard, and I want to wish you a Merry Christmas.
Hope 2022 will be the best of all!
I want to thank each and every one of you for being awesome.
I found BTC chart interesting.
According to the pattern, we are waiting for a break above the right shoulder for the bullish impulse movement to start; knowing that we can still see one more bearish leg before the break.
Will history repeat itself by 2022?
What do you think?
Good luck everyone and thank you once again.
Have a blessed season!
If you reached this far, allow me to share a Christmas poem I wrote a couple of years ago.
Hope you will like it.
~~~~~~~~~~~~~~~~~~~~~~
Christmas is coming
Let’s pause for a while
To think about everything
And go for the extra mile
Christmas is on the door
A homeless kid is freezing
Would you let him sleep on the floor?
Or give him the hug of healing
Christmas is getting colder
A lonely grandpa is sad
Wishing for a crying shoulder
To forget the pain he had
Christmas we just can't wait
A father needs medical care
Hurry up before it is too late
Show us that life is fair
Christmas is all about gifts
That can't be bought with money
Do good, so your soul lifts
Instead of feeding your tummy
Christmas here is my wish list
"Hope, Happiness, Love and Faith"
Make the world feel you exist
By drawing a smile on everyone's face
Christmas we need to talk
People are not getting you right
Christmas is an everyday walk
And not just for one night
~~~~~~~~~~~~~~~~~~~~~~
~Rich
YFI Starts New Bullrun!Yearn.finance (YFI) crossed above the 200-day simple moving average, which indicates the start of a new bullish trend. This is the first daily breakout and close above the 200 SMA since the September failed attempt.
High Trading Volume
Other technical factors add more confluence to the bullish case scenario, like the rise in the trading volume, which signals buying pressure. If we compare the volume readings from today with September’s readings, we can see a notable increase in the trading volume.
This is the main reason why todays’ breakout above the 200-day simple moving average has more potential to see follow-through.
RSI Positive Momentum
Additionally, we have supportive bullish momentum behind the recent rally, confirmed by the RSI momentum readings above the mid-level 50. We can expect more bullish momentum moving forward if the RSI oscillator stabilizes above the 50 level.
Looking forward: The first resistance level comes around $45,000. However, before that, the big round number of $40,000 can also pose a challenge for the bulls. On the downside, the 200-day simple moving average, which currently stands around $33,000, should act as support.
$BTC YOLO? HODL? 37k?-77k? BULLvsBEARBTC daily chart looks like it is having a breakout from a wedge pattern
first price target is at the .386 fib retracement
2nd PT around 55k at the 50% fib and also the 50 day moving average
if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's
if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k
Neutral/Bullish above the 200MA bearish below
extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
HUGE ENERGY IS COMPRESSED IN BITCOIN - BE AWARE AND ALERTEDfirst scenario:
if this trend line cross tonight it will go straight to
59,000 level in 1 or 2 days
and then next target is ~67,000 in next 7 days
second scenario:
trend line does not cross in next hours!
the price will goes down to near its true support level (~43,500 $ )
after approaching green trend line will cross and goes to (~59,000 $) in next 7 days.
THANK YOU.
PLEASE SHARE WITH YOUR FRIENDS
BITCOIN - Stay Strong!From a long-term perspective, BTC is still overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of green in blue (40k zone) and the lower brown trendline.
As per my trading style:
I will be waiting for BTC to approach the highlighted purple circle (area) to look for possible 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
SAND - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SAND is overall bullish and now approaching a strong demand zone in green so we will be looking for buy setups.
on H4: SAND is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, SAND would be overall bearish can still dive inside the demand zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAKE - Who Wants A Piece?Hello everyone, if you like the idea, do not forget to support with a like and follow.
CAKE is sitting around a strong support zone in green and round number 10.0 so we will be looking for buy setups.
on DAILY: CAKE is forming a channel in red 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. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
YFI - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
YFI is sitting around a strong support zone in green so we will be looking for buy setups.
on H4: YFI is forming a channel in red 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. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, YFI would be overall bearish can still trade lower till the lower green support before going up. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$BTC Bears about to jump out the window$BTC setting up to lose 42k if we cant hold or get above 42k within the next few days risk of a sell off next support at around 37k bull cycle at risk $BTC weekly candles need to consolidate above 42k-43k support could turn into resistance and we trade as low as 33k within the next 3 weeks
Bitcoin Tumbles from Fed RallyBitcoin has sold off from the relative highs it saw from the Fed rally. We wavered just below $49.7K, where we voiced skepticism at higher levels yesterday. A red triangle on the KRI suggested strong resistance just under this level. From there we retraced almost the entire move, finding support just above our level at $46.2K. We should see support at $46.2K and $45.6K, with $45K likely a floor. But we emphasize that this is normal crypto behavior for this time of year and the best investment strategy might be to accumulate at these lower levels. The Kovach OBV has leveled off and ticked down with the selloff, so we will need stronger momentum to come through to test higher levels gain, with $48.2K and $49.7K being the next targets above.
ETH - Possible Road Map!ETH is overall bullish trading inside our orange channel, we will be looking for Trend-Following Buy setups since it is sitting around the lower bound / orange trendline.
As we see through the two previous examples, ETH seems to be repeating itself. A big impulse movement, followed by a correction movement marked in red channels before the next impulse to start.
We are currently in the correction and waiting for the bulls to take over again.
As per my trading style:
I will be waiting for the bulls to take over again by breaking above the gray area and red trendline to buy.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich