BGB - Standing Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 Despite many altcoins experiencing lower lows over the past couple of months, BGB has demonstrated resilience by maintaining support above 0.4.
📉 As BGB nears the lower boundary of the red channel, coinciding with the 0.4 support level, we will be on the lookout for short-term buying opportunities .
📈 To regain medium-term bullish momentum, it is essential for BGB to breach the channel's upper boundary and surpass the previous significant high marked in red, which is approximately at 0.45.
Which of these scenarios is more likely to occur first, 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 - The Bulls Are Strong 🆙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After successfully surpassing the recent major high in blue earlier this week, Ethereum (ETH) is presently undergoing a retest around the 1690.0 level.
As a result, we are actively seeking trend-following buy opportunities to capture the next price surge.
📈 I will be closely monitoring lower timeframes for any bullish setups that can validate this potential reversal.
If such setups materialize, we can anticipate a move towards the 1800.0 supply zone.
📉 Conversely, if the bears manage to breach the 1690.0 support level , we should prepare for further downward movement towards the 1640.0 demand zone.
In this scenario, we will be on the lookout for new buy opportunities around the 1640.0 level.
Which of these scenarios is more likely to occur first, 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 - Bulls Are Strong Again 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my analysis from yesterday, we were anticipating that the bulls would take control by breaking above two key levels, specifically 26,330 and 26,800.
📌 Today, BTC encountered resistance at the 28,000 supply zone. Now What?
📈 To maintain a bullish outlook, it's crucial for BTC to surpass the 28,000 level. If this occurs, we can expect further upward momentum toward 29,000 and 30,000.
📉 Conversely , if BTC breaches the recent low marked in blue to the downside, we should anticipate a more significant correction towards the previous high at 26,750.
Now, which scenario seems more likely to unfold next, and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Medium-Term View 🔎Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally , as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Macro Support 👑Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro standpoint, Bitcoin has been predominantly bullish, characterized by higher highs and higher lows.
Moreover, BTC is currently positioned around a robust support level at the psychologically significant round number of 25,000.
📌 As long as the support at 25,000 remains intact, there is an expectation that the bulls may regain control at any moment.
As per my trading style:
I will be looking for bullish setups (like a double top pattern, trendline break, and so on...) to confirm the bulls takeover.
📌 However, it's worth noting that BTC still has the possibility of descending, potentially dipping into the range between 24,300 and 25,000, or even breaching this support level to the downside.
📉 In the event that the support at 24,300 is breached downward with a daily candle closing below this level, it could signal a significant and lasting shift in market sentiment from bullish to bearish.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Top Down Analysis 📹 From Daily To M30Hello 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 - Last CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After failing to breach the 30,000 resistance level, Bitcoin (BTC) has exhibited a bearish trend characterized by consecutive lower lows and lower highs.
I n the previous week, BTC broke below the critical support at 27,000 and found itself hovering around the 25,000 mark.
As long as the 25,000 support level holds, there is still potential for bullish momentum to emerge. Consequently, we will closely monitor lower timeframes for any bullish setups that may confirm a reversal.
It's important to note that the overall sentiment for BTC remains bearish. Should the price drop below the 25,000 support level, we can anticipate further downward movement towards the next significant support level, which lies around 21,000.
For now, we wait! ⏱
📚 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.
ETH - Now We Wait ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has recently exhibited a predominantly bearish trend, confined within a horizontal channel depicted in red.
In the most recent trading session, there was a substantial drop in value, leading to ETH's failure to maintain support at the 1700 level.
While the 1700 support remains unbreached , our focus will be on identifying potential short-term bullish reversal setups on lower timeframes. (like a double bottom, trendline break, and so on...)
However, should the 1700 support level be breached conclusively with a daily candle close below it, we would anticipate a continuation of the bearish momentum, possibly driving ETH's price down towards the 1500 mark.
For now, we wait! ⏱
📚 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.
BTC - Trio Retest 3️⃣ Be Ready!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the daily chart for BTC to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the last orange circle is a strong zone to keep an eye on:
1 => Overall Trend
BTC has been bullish medium-term trading inside the rising broadening wedge in orange and now approaching the lower bound / trendline acting as a non-horizontal support.
2 => Support Zone
The blue zone is a previous resistance turned into support and a Demand Zone.
3 => Oversold Zone
BTC 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 BTC approaches the orange 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.
BTC - Top Down Analysis 📹 From Daily To H1Hello 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 - Bears Remain In Control; Until...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend.
As BTC approaches 27,500 we will be looking for buy setups as it is the intersection of multiple trendlines.
📈 From a short-term perspective, on the H1 timeframe, BTC has been bearish trading inside the falling wedge in orange.
To regain control short-term, the bulls must achieve a strong momentum candle close above the last minor high in orange.
Meanwhile, the bears remain in control and we will be looking for buy setups as BTC approaches the demand zone in red around 28,950
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Top Down Analysis 📹 From Weekly To H1Hello 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
Gold price today: the precious metal is flatThe current world gold price on Kitco is 1,934.7 USD/ounce, down 10.9 USD/ounce compared to the previous session. Within just two trading sessions, the price has dropped by more than 23 USD/ounce.
The gold market is facing challenges due to inflation, a strong labor market and strong economic activity, supporting the Federal Reserve's aggressive monetary policies.
Daniel Pavillonis, senior market strategist at RJO Futures, explained that the strength of the US dollar is keeping gold prices below $2,000 an ounce.
The US dollar gained strength as the International Monetary Fund (IMF) recently raised its forecast for global economic growth in 2023. The IMF now predicts global gross domestic product (GDP) to increase by 3 %, up from the previous forecast of 2.8%. .
BTC - Critical Period / Zone ahead of NFP ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend, forming lower lows and lower highs.
In the past, BTC broke two major lows, which were marked in gray on the chart.
📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500.
📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
ETH - The Bulls Are Still Strong - For Now ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still stuck inside a big range and it is currently hovering around the lower bound / support zone around 1810
📈 For the bulls to take over from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1890
📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
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 - Critical Resistance Retest ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 This week, BTC broke below the 29,500 support level and the previous major low, signaling the bears' dominance in the market. Currently, the price is trading within the falling red channel, indicating a downward trend.
📈 To regain control, the bulls need to achieve a momentum candle close above 29,850. This could potentially shift the market sentiment in favor of the bulls.
📉 However, it's important to note that the overall bias remains bearish, and the recent short-term bullish movement may be considered a correction within the larger downtrend.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
ETH - Around Support AGAIN ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis (attached on the chart), we were looking for buy setups around the green support.
ETH is still stuck inside a big range in the shape of a flat rising broadening wedge, and it is currently retesting the lower red trendline.
Moreover, the zone 1830 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
As per my trading style:
As ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
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 - I am Back 😁Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After 2 weeks off the charts, I am back as a married man.
The past 2 weeks were boring, as BTC is still stuck inside a range. Hence, there haven't been many updates from a Daily timeframe perspective. I hope to post a short-term view by tomorrow.
🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial.
📌 However, as mentioned 2 weeks ago, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes.
📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary.
📌 BTC is now trying to break below 29,500. If this H4 candle closes below 29,500, we can anticipate a movement towards the blue support at 27,500. There, we will actively seek out new trend-following bullish setups.
Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Last Post For The Next 2 Weeks 🙏Greetings, TradingView Family, this is Richard, also known as theSignalyst.
📌 I am thrilled to share some exciting news with all of you. This Sunday (9th July), I will be tying the knot and embarking on a beautiful journey of marriage.
As a result, this will be my last post for the next two weeks as I will be away for my honeymoon.
Therefore, I aim to make this post incredibly detailed, covering various potential scenarios for the near future.
📌 Let's begin with a long-term perspective:
BTC currently finds itself within a strong rejection zone characterized by the following factors:
1. Round number at 30,000
2. Classic weekly support zone, which has now transformed into a resistance 30,000 to 32,000
3. Supply zone
🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial.
📌 However, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes.
📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary.
If this occurs, we can anticipate a movement towards the blue support at 27,500, where we will actively seek out new trend-following bullish setups.
📌 Until either the bulls or bears seize control, we will be trading within a short-term range bounded by 29,500 and 32,000.
Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
ETH - It Is What It Is 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been stuck inside a range in the shape of a flat rising broadening wedge.
Moreover, the zone 1830 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
As per my trading style:
As ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📉 On the other hand, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
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 - Still Inside A Range 📹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
SELL Monero, Not Quite, Not YetSince monero broke it's 164.60 support level on Feb 9th 2023, it has attempted to break this level in March and April and failed. Monero then retested the support level of 137.60 which was formed on December 28th 2022 and has been testing and holding multiple times.
Fast forward -for the last 6 days Monero has reformed and has been consolidating and holding the now reformed support level for the first time in 5 months
Once monero continues holding 164.60 or 151.90 it will pump. Keep the hodl bag