BTC - Top-Down Analysis 📹 Hello TradingView Family / Fellow Traders. This is Richard, also 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
Hodl
ETH - TRIO RETEST 3️⃣Dear TradingView community and fellow traders,
I find the daily chart for ETH to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the purple circle is a strong zone to keep an eye on:
1 => Overall Trend
ETH is bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support.
2 => Demand Zone
The green zone at 2250.0 is a strong demand.
3 => Oversold Zone
ETH is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone.
As per my trading style:
As ETH approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
The Reversal is NEAR 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NEAR has exhibited an overall bullish trend , trading above the red trendlines zone.
At present, NEAR is undergoing a correction phase and it is currently approaching the red trendline acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEAR approaches the lower 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
2024 Crypto SUMMER is here! PRICE, TRENDS & FORECASTSIn this video we lay out our short and long-term forecast for the entirety of 2024 Crypto Summer and beyond. Also, we do a little review and take a look at how our forecast stacked up against the eventful 2023 Crypto Spring. As always please feel free to leave your thoughts and ideas in the comments and thanks for watching!
Taking Profit on my Bitcoin TradeTraders,
While I have stated all along that Bitcoin could spike to as high as 55k, though 50-52k is more likely, my target of 48k has been reached and I am choosing to take my profits now. 48k is huge resistance and I will probably not trade again until future direction can be confirmed with a close above 48k and two more candles opening and closing above that same price. If that doesn’t happen, it means we should see a bit of a pullback here as hype and euphoria dies down.
Additionally, you can see we’ve also reached RSI resistance exactly when we touch 48k. This is very significant. Watch closely over the next few days. It should be interesting.
SOL 🎵 Please Don't Stop The MusicHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Weekly: Left Chart
📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase, and then reached our around 130.0.
H4: Right Chart
📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red.
This week, SOL rejected the 130.0 and upper red trendline and traded lower.
Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support.
🏹 Thus, as long as the trendline holds, we will be looking for trend-following buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders,
From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward.
In this case a bearish correction till the 1750.0 mark would be expected.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XRP Analysis and Trading Plan for 2024 📊Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
XRP has been hovering inside a significant range between 0.55 and 0.75, and it is currently retesting the lower bound of the range.
Moreover, it is approaching the lower red trendline of the channel that XRP has been respecting for a couple of weeks now.
🏹 Hence, XRP is situated around a strong area to look for buy setups as it is the intersection of the blue support and the lower red trendline.
Thus, we will be looking for buy setups on lower timeframes as long as the 0.54 support holds.
On H4: Right Chart
📈 For the bulls to take over in the short term, we need a momentum candle close above the last minor high in green at 0.592.
And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in red around 0.66.
📉 Meanwhile, until the bulls take over, XRP would be bearish, and if the 0.54 support is broken downward, we can expect a bearish continuation towards the 0.45 - 0.5 weekly support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
TRB - Still Strong 💪Hello TradingView Family / Fellow Traders,
In reference to my previous analysis (attached on the chart), TRB has broken above 140.0 and traded higher.
Now, what's next?
↗️ TRB is currently overall bullish from a long-term perspective, trading inside the rising blue channel.
📈 According to my trading plan, as TRB approaches the lower blue trendline, I will be looking for bullish reversal setups on lower timeframes to catch the next bullish impulse.
🎯 As the next bullish impulse begins, our target will be the 300.0 round number marked in green.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
"All strategies Are Good If Managed Properly!"
~Richard Nasr
Heavy bags turn Rags to RichesIf your bags are heavy with btc right now, hodl. Dont fear the next dip. Its a test. Hodl gang.
Chart is pretty self explanatory. We are at around the same rsi level and resistance as the previous cycle. This is a modified idea of an idea I posted a while back that will be linked below.
Not Financial Advice
Im a Noob
Hodl Gang, Hodl Gang, Hodl Gang
Why do I believe in Plexus and hold PLX tokens? BITGET:PLXUSDT
Here are some reasons why I am very bullish about this project:
• the project really has functionality, it is used every day, including me. Plexus is a Cross-chain DEX aggregator. It guarantees the fastest, the cheapest and the most secure multi step swaps across all blockchain networks and bridges with a single transaction. With the Theta algorithm based "CCRP (Cross-Chain Routing Protocol)" and the maximized UX, PLEXUS will become the best one-stop DeFi platform where everyone can exchange any asset on any blockchain seamlessly www.plexus.app
• the project has a very low capitalization, it is only about 900k dollars and very low price only 0.02$, its only 2x from IDO price (as of 23.12.2023), so a min. 100x increase in price is very possible in this bull market;
• low token emission (max supply 500,000,000 PLX) and now (23.12.2023) in circulation are only 40,000,000 PLX which is equal to 8% of total supply;
• the team successfully raised more than 500k dollars on such launchpads as Seedify, Redkite, Spores;
• PLX tokens are traded on one of the best crypto exchanges (Bitget) and there is a stable daily trading volume of 100k dollars. Even very good and fundamental projects do not always have such a trading volume now;
• the project has more than 30 partners, including such giants as Chainlink, Kava, Linea, Startgate, Amber
There are many more reasons why I believe in this project, but it will take a lot of time, so I advise you to learn more about this gem on your own. I will say briefly. In this bull market that is approaching day by day, my goal for this project is a price of at least 2$ per PLX token.
HODL
BTC - For Now, We Wait ⏱Hello TradingView Family / Fellow Traders,
Based on my recent BTC analysis (attached on the chart), we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the channel and the 40,000 round number.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 43,550.
In this case, a movement to the 48,000 resistance would be expected.
📉 Meanwhile , BTC would be stuck inside a range, but the bulls will remain in control as long as the 40,000 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH - Top-Down Analysis 📹 2024 RoadmapHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
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
BTC Bull Run AnalysisThe crypto market looks bullish in the long run, but it has been consolidating in the short term. BTC's price movement is being compressed for a good move in the short term. The SMA 25/150 is also giving a long signal.
Any Rally in the medium/long term requires it to break the 45000 mark, While any breakdown & closure below 38000 can harm the bitcoin rally in the medium/long term.
Until it stays within the range the supports and resistance marked in the graph are important levels to look for.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
TRB - Stronger Than Ever 💪Hello TradingView Family / Fellow Traders,
↗️ After breaking above the 100.0 round number and support zone, TRB has been bullish trading inside the rising channel in red.
📈 According to my trading plan, as TRB approaches the lower red trendline, I will be looking for bullish reversal setups on lower timeframes to catch the next bullish impulse.
🎯 As the next bullish impulse begins, we will be targeting the 140.0 supply zone marked in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC - Top-Down Analysis 📹 2024 RoadmapHello TradingView Family / Fellow Traders. This is Richard, also 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
BTC Short Term AnalysisBTC has corrected in the last few days, but it has took support in the trendline, Major Supports including Trendline, SMA 150, and Support Zones have survived, and the price of BTC as well as ALT Coins are above their support.
As the overall market sentiment is bullish in the medium term, we can expect BTC to Bounce off from here, Important Price Supports to watch out for are 40500 and 38000. Any significant fall and close below these levels could trigger further selloff and turn market mood to negative side.
It would be a good idea to go long in the support zone for medium-term positions with Target Profit and Stop Loss as per Risk Taking Potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
ETH - Wait For The Bulls 🏆Hello TradingView Family / Fellow Traders,
ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.
Moreover, it is approaching a strong support zone 2150.0
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
📈 As per my trading style:
As BITRUE:ETHUSDT 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!
~Richard Nasr
BTC - Still Strong 🏆Hello TradingView Family / Fellow Traders,
🏹 After breaking above the orange symmetrical triangle, BTC initiated a new parabolic impulse and has been bullish trading within the ascending red channel.
Presently, BTC is hovering near the upper boundary of the channel, which could potentially lead to a bearish correction.
📉 In such a scenario , as BTC approaches the intersection of the lower red trendline and $40,000, we will be on the lookout for trend-following buying opportunities.
📈 Concurrently , for the bulls to assert dominance aggressively, a decisive break above the current minor high at $44,500 is crucial. In this scenario, a movement towards the $48,000 resistance level can be anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH Bullish Entry IdeaImportant Price Point to decide short-term movement, As ETH has broken the long-term resistance and trendline, the medium to long-term outlook is bullish and it would be wise to go long. If the price point breaks the trendline and crashes it would be a good point of entry.
Long positions could be entered above the support zones with stop loss according to risk-reward ratio comforts.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.