AUDCHF - Trading The Channel 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 AUDCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper bound / trendline.
Moreover, the zone 0.59 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As AUDCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Longterm
BITCOIN: HISTORICAL CYCLES AND HEALING ROADMAP!THIS CHART IS BASED ON HISTORICAL DATA
In the first cycle, after the ATL, CRYPTOCAP:BTC took 532 days to break above it’s previous ATH.
In the second cycle, it’s taken 546 days to break above its previous ATH.
If history repeats itself, we could see a new ATH around 385 days from today, possibly by December
2024.
ROADMAP FOR BITCOIN HEALING
First Halving: July 9, 2016
546 days of the bull market!
Second Halving: May 11, 2020
546 Days of Bull Market after Halving 3
Third Halving: April 25, 2024 (Expected)
Likely to last 528 days to 546 days of bull market.
Based on fractal analysis and chart data, it is anticipated that Bitcoin will reach its next bull market peak in September 2025. Subsequently, a shift back into the bear market is expected. Consequently, a decision to exit the market before September is considered, given that these projections are assumptions derived from fractal chart data.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept is.
This chart is likely to help you make better trade decisions if you consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
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
SasanSeifi 💁♂ CHZ 3D ⏩ 0.10 /0.12 As you can see in the long-term 3-day time frame, the price has been rising from the demand zone of 0.053. After liquidating the buyers from the liquidity zone, the price corrected slightly and completed a pullback. Then, it faced buying demand again from the price zone of 0.072. It is currently trading at the price zone of 0.092. There is a possibility of further growth.
Our expectation is that if the price remains in the price zone of 0.087/0.084 in the medium term, we will see further growth of the price to the zones of 0.10/0.12. In the case of growth, in order to better understand the continuation of the movement trend, we need to see how the price will react to the target resistance zones.
In addition, if the price penetrates below the price zone of 0.084 and stabilizes, the price may face further correction.
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
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
AUDNZD - Trading The Wedge 🌙 AgainHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last AUDNZD analysis, we have been looking for sell setups around the green resistance zone.
AUDNZD traded lower and it is currently hovering around a robust demand zone.
Moreover, it is approaching the lower red trendline.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and red trendline acting as a non-horizontal support.
As per my trading style:
As AUDNZD 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
NEAR/USDT approaching a local top?NEARUSDT analysis using the Unyx Data
Today we take a look at NEAR and its current state in the market:
- BRS: As usual let's get a feeling for the current temperature of NEARs price. We see that it is creeping up towards the over-heated zones 9 and 10 of the Rainbow Score, indicating that we should be ready to take some profits in the coming days.
- BSR: the Strength Reversion showed some sell signals in April (indicated by the red dots) as well as some buy signals in May (green dots). Currently the BSR hasn't triggered any sell signals, but as it is in an Overbuy state, this should happen any time soon.
- BUX: let's finally see what the BUX has to say. First let's take a look at the Oscillator (BUO). It clearly shows a change of trend as it is now moving more on the lower half of the oscillator, indicating that its indicators are mostly overbought. Taking a look at the screener (BUS) we see that in the Daily timeframe, all indicators expect the CCI are overbought. Looking at the smaller timeframes (1h and 4h), the overbought trend isn't much visible, but this will probably change over the day as the European and American markets wake up. On the weekly timeframe again, most of the indicators show an overbought state.
So clearly, NEAR isn't a buy right now, but if you have some in your bags it will soon be a good moment to take some profits. If you bought at the end of the summer, you should be in a profit of around 130%, depending on your average entry price.
Do you have some NEAR in your portfolio? If so, what is your next target price? Let us know!
BEL ANALYSIS🔮 #BEL Analysis 💰💰
🌟🚀 #BEL was trading in a Symmetrical Triangle Pattern. There was a breakout in #BEL but the price is currently trading in a same range. If thr price closes above $0.7200 then we could see a bullish move. 🚀🚀
🔖 Current Price: $0.6985
⏳️ Target Price: $1.2700
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BEL. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#BEL #Cryptocurrency #DYOR
ADA - Break or Make Zone ⁉️Hello TradingView Family / Fellow Traders,
ADA is currently hovering around a robust resistance zone highlighted in blue.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective , a weekly candle close above 0.465 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 0.8 could be anticipated.
H4 Chart:
📉 Conversely , the bulls will remain in control unless the last low in red at 0.393 is broken downward.
In this case a bearish correction till the 0.31 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
weekly time frame overview | USDCHF supply zone in control USDCHF established a potential weekly supply imbalance ( w potential imbalance ) in between two zones W supply zone and W demand zone indicating more strength for bear sentiment and also a possibility for a range between this two zones.
if the w potential imbalance remains the W supply zone will be in control.
also if the W demand zone will take control the w potential imbalance will be raided out giving strength to W demand zone thus a bullish sentiment.
SasanSeifi 💁Daily Price Analysis and Potential Growth ScenarioHello there! 😊
In the daily time frame, as you can see, the price has been accompanied by a minor correction, and it has currently shown positive reaction support. It seems that the price is in the process of completing a pullback. The scenario we can consider in the daily time frame is as follows: if the support range is maintained, the price may continue to the resistance range of 0.074 and the supply zone of 0.080 with further growth. In the case of growth, to understand the continuation of the price movement, we need to see how the price will react to the resistance zones.
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
ETH - Decision Zone Ahead 📍Hello TradingView Family / Fellow Traders,
ETH is currently hovering around a robust resistance zone and the upper bound of the red wedge pattern.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 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 last low in blue at 2120.0 is broken downward.
In this case a bearish correction till the 1700.0 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
PTON - Shift In Momentum In Action ↗️Hello TradingView Family / Fellow Traders,
📈 NASDAQ:PTON has been overall bearish trading within the falling channel in red.
PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green.
🏹 For the bulls to assume control and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance.
Meanwhile, PTON would be bearish and can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC - Good Signs for 2024 already 🏆Hello TradingView Family / Fellow Traders,
🏹 Based on my earlier BTC analysis (as shown in the attached chart), we have been anticipating a breakout from the triangle pattern, which is crucial in determining the market sentiment for the rest of the year.
Last week, BTC successfully breached the triangle pattern to the upside, signaling a shift in momentum as the bulls gained control and pushed the price beyond 40,000.
📈 Currently, the next significant resistance level is expected around 43,350. If this level is surpassed to the upside, we can anticipate further bullish movement with a potential target near the 48,000 mark.
The bullish trend will likely persist as long as the last H4 low remains unbroken to the downside.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin Weekly Green CandlesOver the last 2373 Days, bitcoin has experienced volatility between $1830 and $69,000.
During this period, bitcoin closed with a green candle 4 times for 7 consecutive weeks.
This week, it will repeats the record by closing green candle for the 5th time in 7 consecutive weeks.
In the cycle I mentioned, the green candle could not close for 8 weeks.
After the 7th week, it entered the accumulation process between 2 and 12 weeks.
During this period, there were decreases of up to 25%. Afterwards, bitcoin came back stronger.
I wonder so much. Will we see the 8th green candle next week?
When I saw this I wanted to share it.
USDZMW We are still seeing bullish momentum in the markets as kwacha is still loosing value againt the dollar, fundamentally/ economically the kwacha isn't performing well due to lack of proper economic activities in Zambia we will continue to see kwacha depreciate as there is a debt criss in the country and the government as of now is running low on reserves as they can only depend on the debt relief in order to keep the economy running smoothly as of 20th november bloomburg published that zambia's dollar debt plunged after official creditors co-led by China and France rejected a revised bondholder restructuring proposal, stalling the revamp of $3 billion of outstanding notes. This caused the kwacha to weaken as this will cause an economic HAULT on zambias economy as of now $1 to kwacha is at K23.84 against the dollar, so long creditors do not accept the revised bond proposal we might keep seeing it rise, technical analysis shows us a possible reversal in price might take place at MARKET PRICE K25, based on our technical speculation we might see price form some liquidity at that price as seen on our trend line and we expect price to to sell till k20 kwacha againt the dollar where we expect it to stabalize there for a while till proper economic polices are put in place.
$BTCUSD 3.5 Year Cycle Forecast - LONGCurrent Market Phase:
As we navigate through BITSTAMP:BTCUSD pairs first phase reminiscent of October 2015, our focus is on achieving the crucial milestone of Target #1, positioned around the $128,000 mark. It is imperative to recognize that this level serves as a pivotal juncture in the trajectory of the current market cycle. Successfully reaching Target #1 will signify the completion of the prebullish phase, potentially setting the stage for the subsequent movements.
Anticipated Correction and Second Bullish Phase:
Upon reaching the $128,000 mark, a robust correction is anticipated, with the target range identified between $23,000 and $24,000. This correction aligns with historical market patterns and provides an opportunity for market participants to reassess their positions. It is important to approach this correction as a natural and healthy part of the market cycle, serving to realign valuations and pave the way for sustainable growth.
The subsequent phase is characterized by a Bullish Pennant formation, indicative of a continuation of the upward trend. This phase is poised to initiate the long-awaited bullish cycle, a significant market event that holds the potential for substantial gains. Investors and traders should position themselves strategically to capitalize on the opportunities presented during this phase.
Extended Projections:
Looking ahead, our analysis suggests that the bullish cycle is expected to culminate in new highs, with a target around $220,000 projected to materialize around mid-2027. This forecast is based on a comprehensive evaluation of current market conditions, historical trends, and potential catalysts. However, it is essential to remain vigilant and adapt strategies to evolving market dynamics, acknowledging that unforeseen factors may influence the trajectory.
External Corroboration:
Our analysis finds support in external sources, such as the article from CMC Markets titled "Is Bitcoin in a New Round of Bull Run?" ( www.cmcmarkets.com ). The article reinforces the observed chart patterns and highlights the potential for a new bullish cycle, adding credibility to our analysis.
Conclusion:
In conclusion, the BTCUSD pair on the weekly timeframe is currently navigating the early phases of a potentially robust market cycle. Strategic positioning, risk management, and a keen awareness of market dynamics are essential components for investors and traders seeking to capitalize on the opportunities presented by this evolving chart pattern. As the market progresses, continuous monitoring and adaptation of strategies will be paramount to navigate the inherent volatility and uncertainties associated with cryptocurrency markets.
Echoes of the Past: BTC Price Action Resembling November 2020Fellow Traders,
In the current climate of extended BTC prices, many are on the lookout for a retrace. This anticipation is rooted in a traditional market rhythm where what goes up must come down, at least for a breather. However, it's crucial to cast our minds back to the 2020 scenario, where similar conditions were at play.
During November 2020, BTC experienced a significant surge, much like our current situation. The price was deemed 'too extended' by many, with calls for a retrace being echoed across the trading community. Yet, the expected pullback remained elusive, and the rally continued much longer than many anticipated.
The charts today are painting a familiar picture. Technical indicators and price action that closely resemble the 2020 playbook suggest we may be in for a repeat performance. If history is to serve as a guide, the retrace that seems so obvious may not materialize in the manner or magnitude expected.
It's a reminder of the market's capacity to defy consensus and continue on its path despite extended conditions. This is not to say a retrace is off the table, but rather that the market may not conform to the same patterns we rely on as signals.
As we move forward, let's keep an open mind to all possibilities. Whether or not BTC decides to take that breath we're all expecting, our strategies must be nimble, our risk management tight, and our perspectives unanchored from past events.
In Bitcoin we trust, but the market, we must adapt.
The GRAPH says it all ❗️Hello TradingView Family / Fellow Traders,
📈 BITRUE:GRTUSDC has been overall bullish trading above the rising trendline in blue.
Currently GRT is undergoing a correction retesting the trendline acting as a non-horizontal support.
🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in blue is required.
Meanwhile , until the buy is activated, GRT can still trade lower to test the lower blue trendline or even break it downward for an over-extended correction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr