BTC - Still Around A Strong Resistance 📹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
BTC - Make or Break ZoneHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis (attached on the chart), BTC rejected our Trio Retest zone and traded higher.
Now What?
BTC is sitting around a strong resistance / supply zone from Weekly timeframe / 31,000 - 32,000
🏹 For the bulls to remain in control , take over from a MACRO perspective, we need a Weekly Candle Close above the 32,000
📉 Meanwhile, the bears can take over for a correction if we break below 29,500
📚 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 - The Bulls Are Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis, we know that the bulls took over short-term by rejecting the Trio Retest zone.
Now What?
🏹 For the bulls to remain in control , and take over from a medium-term perspective, we need a break above the gray zone and upper red trendline.
📈 Meanwhile, the bears can still reject the red trendline acting as a non-horizontal resistance, to form a new swing high before breaking the channel. (to be confirmed 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
XRP - Clean and Clear 🎞Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for XRP.
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
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the purple 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
BTC - The Range Is Getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been boring for the last couple of weeks as it is stuck inside a range.
📉 The range is getting narrower because BTC is forming lower highs and equal lows as a descending triangle pattern.
As per the textbook, the descending triangle is usually a bearish continuation pattern. But to me, it can be broken either side.
If we break the last major low in red downward, we will expecting further bearish movement till around 25,000
🏹 Here is why the 25,000 zone marked by purple circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline from daily acting as a non-horizontal support
4- Lower orange trendline from H4 acting as a non-horizontal support
5- Demand zone
📈 In parallel, if BTC breaks above the last high in blue, we will be expecting a bullish correction till the upper orange trendline.
Which scenario is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XLM - Be Patient ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XLM has been stuck inside a big range in the shape of a flat rising broadening wedge and it is currently approaching the lower bound / red trendline.
Moreover, the zone 0.08 is a support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
As XLM approaches the purple 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
Bitcoin Forecast Sunny🌞 (Confidence: 0.98 )🌤️ Good news for Bitcoin investors! Based on the past hour's data, the weather in the Bitcoin world looks sunny ☀️. The cryptocurrency's price opened at 26302 and reached a high of 26387, with a low of 26254. This suggests a stable and positive trend in the market. The trading volume is also relatively high, indicating strong investor interest.
📈 Additionally, the EMA indicators (9, 21, 50, 100, and 200) are all showing an upward trend, with the EMA200 being the highest at 27729. This signals a potential long-term positive outlook for the cryptocurrency.
📉 However, it is important to note that the RSI value is low at 33, indicating that Bitcoin may be oversold. This could mean a possible price correction in the near future. The MACD value of -314 is also negative, which could indicate a bearish trend.
Overall, the sunny forecast 🌤️ is based on the positive trend seen in the majority of the indicators, with the caveat that investors should keep a close eye on the RSI and MACD values for any potential changes in the market.
Ethereum Sunny 🌞🌤️ Good news for Ethereum investors! Based on the chart index for the past hour, it looks like we're in for some sunny weather ☀️. The close price is currently above the long position entry point of 1980, indicating a positive trend.
📈 With a long take profit (TP) set at 2040 and a stop loss (SL) at 1720, investors may want to consider entering a long position. However, it's important to keep an eye on market trends and adjust the TP and SL accordingly to maximize profits and minimize losses.
💰 Overall, the forecast looks optimistic for Ethereum investors, but as always, caution and careful monitoring are key to successful trading in the cryptocurrency world.
BTC - Ready Steady Shoot 🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC rejected 30,000 resistance and now trading lower for a bearish correction.
Now what?
🏹 Here is why the 25,000 zone marked by red circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Lower orange trendline acting as a non-horizontal support
5- Demand zone
📈 As per my trading style:
As BTC approaches the red 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
5 wave impulse wave EW THEORM Key Features:
Price Points: The chart highlights important price points such as the golds highest and lowest prices during the period.
Trend Lines: Trend lines are plotted to help identify the golds overall trend. Traders can use these lines to predict future price movements.
Technical Indicators: Various technical indicators are included on the chart to provide additional insight into golds performance. These indicators may include moving averages, Relative Strength Index (RSI), and Bollinger Bands.
Usage:
Traders can use this chart to analyze the historical price performance of Gold and identify potential trading opportunities. They can use trend lines and technical indicators to predict future price movements and make informed trading decisions.
BTCUSD: Shocking Similarity From Last CycleHello all,
The market has been silent for nearly the past month. BTC & ETH broke out of their ranges over the last week. Many people were caught off guard from the break of 30k that occurred yesterday. This was heavily predicted and expected based on many indications.
Simply put, many indications pointed to the market being in a very similar spot as April 2019 (the month before BTC broke 6k and rallied to 14k). One of the main technical indications that led me to believe BTC was going to break 30k was the fact BTC was consolidating under a large resistance for nearly a month.
This was not a usual pattern based on BTC's price history. Essentially BTC printed 3 dojis on the 1 week chart (under a massive resistance). Many expected BTC to not be able to break that massive resistance level as it didn't have any large pullbacks since its swing low at 19.5k
However, I looked at this in terms of supply & demand. One of the most powerful ways to identify strong supply & demand zones are by looking for a strong price reaction from that level.
Example Chart:
The zone I have been referring to is from 28.5k - 30.1k. As seen above, this zone has been respected for a long time. Each time price bounced hard off this zone, it continued to trend higher for some time. When BTC came back down to this zone in May of 2022, price did not have any hard bounce off the zone, and fell -50%, proving the demand was lower.
Fast forward to today, and we can flip this logic and look at this area as a supply zone. When BTC reached this level last month, we never saw a hard rejection from this zone, proving the supply (liquidity is another way to look at it) was higher. Now after a month of consolidating below, BTC is above the zone.
Now we ask, what is next? Well, as seen in the posted chart, BTC is showing very similar price action as to April/May 2019.
A major level was respected each cycle (shown in gray). Both times, price broke this level, dropped -50%, bottomed, came back to the gray level, broke the 200MA, consolidating below the gray level for a few weeks and then broke it.
Along with a few other technical points, BTC seems to have more fuel in the tank to push price higher. If at anytime BTC falls back under this zone, we cannot consider any bullish thesis.
Thanks for reading and I hope you all enjoyed!
Please COMMENT & LIKE!
Kaspa Daily Bull Flag TargetKaspa's rise has been nothing short of phenomenal. I believe this bull pennant forming on the daily will play out, and the targets could reach just under 6 cents. I believe Kaspa can go well beyond that as well, as it's technology is such a big advancement to the industry. I've had a big spot position on Kaspa since August and my current long position has been open for a couple weeks now. Kaspa has done ~20,000% since May, though, no charts on TradingView currently show it's whole lifespan.
If you want a list of reasons why I am so bullish on Kaspa, you check out this Reddit article I wrote. It's a ten minute read and in my opinion, well worth your time:
Mega List of Reasons for Kaspa's Growth - For Newcomers
First big SHORT then big LONGBitcoin is doing the same as always, regardless of any news like mount gox selling thousands of btc or other fud news, however its forming a harmonic pattern right now, clear as the blue sky.
It would be risky to tell anyone to short it back into the right shoulder and then using their short profits to open a big long to finally close out at those juicy 30k+ targets, but this is where the money is at #HighRiskHighRewrard.
DOGE - Make Or Break Zone 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After breaking above 0.08 resistance , DOGE traded higher in an aggressive manner to find resistance around 0.1
0.1 is a previous support turned resistance and a strong round number.
🏹 For the bulls to take over from a long-term perspective, we need a daily close above 0.107
In this case, a movement till the next resistance 0.13 would be expected.
Meanwhile, the 0.1 - 0.107 zone is still acting as a resistance and the bears can still kick in (by breaking the last low from H1)
In this case, a movement till the 0.08 support / demand would be expected where we will be looking for new short-term buy setups.
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!
~Rich
₿TC - Getting Over-Bought ?❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC is currently overall bullish trading inside the red rising broadening wedge pattern.
📌 Here is why the 30,000 - 32,000 is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction.
📌 For the bulls to take over from a MACRO perspective , we need a weekly candle close above 32,000
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Watch This Bitcoin Halving Blue PrintIf you're into BTC/crypto please take your time to watch this chart, I believe this chart can be a big help investing into crypto
using these past statistics as a reference to "read" where price could go into the future.
Let me know if You have any questions.
I'm posting this as journal and learning purposes. Not financial advice.
BTC - Now We Wait ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
BTC has been stuck inside a range in gray for a whole week.
For the bulls to remain in control medium-term, we need an H4 candle close above the upper gray area 28,700
In this case, a movement till the 30k - 32k resistance would be expected.
📉 On the other hand , if we break below the lower gray zone 26,700 then we will expect a bearish correction to start till around 25,000 support / demand.
📌 on M30: Right Chart
Here is a cleaner view for the price movement inside the H4 range.
Previously, BTC rejected the lower bound of the range, and the bulls took over by breaking above the last M30 high in blue.
Now, we are sitting around the upper bound of the range, and for the bears to take over short-term, we need a break below the last M30 low in red.
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!
~Rich