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LTC - The #Halving is Around The Corner ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LTC has been trading within a significant range between 85 and 100. Currently, from a short-term perspective, LTC is showing a bearish trend as it is trading inside a descending red channel. The upcoming LTC halving is worth considering (in 24 hours), and two potential scenarios can be anticipated: 📈 Scenario 1: Bullish Takeover - Medium-term perspective For the bulls to gain control in the medium-term, we need to observe a daily momentum candle closing above the key round number of 100.0. 📉 Scenario 2: Short-term Buying Opportunity In parallel, if LTC's price approaches the demand zone near 83.0, we may look for short-term buy setups on lower timeframes. This could present an opportunity for traders to capitalize on potential price rebounds from the support level. 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
COINBASE:LTCUSD
by TheSignalyst
19
EURCHF - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart EURCHF is overall bearish trading below the red trendline so we will be looking for trend-following sell setups on lower timeframes. on M30: Right Chart EURCHF is forming a potential head and shoulders pattern but it is not ready to go yet. For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline. Meanwhile, until the sell is activated, EURCHF would be overall bullish and can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
ADA 1D ReviewHello everyone, I invite you to review the ADA chart in a one-day interval. As we can see, the price has broken the downtrend lines, but you can see that the price is moving just above it, which could bring the ADA back into the downtrend. Let's start by marking the price support spots and we see that first we have a $0.28 to $0.25 support zone, however if the price goes down we have another support at $0.22 and then a $0 support at $18. Looking the other way, we can similarly identify the resistance points that the price has to face. And here we see that the current price quickly moved back to the resistance zone from $0.33 to $0.36. We still have $0.38 resistance, only when price breaks out will have to break through the very strong $0.40 to $0.42 zone. As you can see, the attempt to exit the EMA Cross 200 up failed and the price quickly returned to the downward trend. The CHOP index indicates that we have a small upward movement and a lot of energy is gathering, the RSI indicates a sideways trend and movement around the middle of the range, be careful because the energy collected can be used for dynamic movement. The STOCH indicator indicates that we can expect small increases, however, downward movements give a much larger price movement.
by cryptodailyuk
Bitcoin Bullish retestOn the weekend, we got another exit above 30,000, but we could not gain a foothold there, and after that the price returned below 30,000 again. Market capitalization 1.19 trillion, dominance index 50.11%. Index of fear and greed - 55 (Greed). Technically, BTC is very weak, a liquidity compression has formed below, without which there can be no talk of a full-fledged growth. We also have a liquidity pool on top, which we did not withdraw on Thursday. I expect manipulation into this liquidity pool, if the price fixes, we can stretch it all the way to BB + IMB, if it is a sweep, it can turn us around. In any case, I'm in a short mood right now. The cryptocurrency market is in a state of apathy and requires additional triggers or events to get out of the current range. This week, volatility will increase due to the meeting of the Federal Reserve System (Fed) - July 26 on Wednesday. I think that we should solve the issue with compression from the bottom to the middle. According to CME Group, the probability of an increase in interest rates is 99.2%. The market has already taken into account expectations in prices. After the announcement of the decision, the attention of traders will immediately switch to the press conference of Fed Chairman Jerome Powell. They hope that the Fed will get closer to completing the hike in interest rates due to the slowdown in US inflation. Uncertainty is also intensifying due to statements by the head of the SEC regarding Ripple and consideration of applications for the opening of spot bitcoin ETFs. The regulator is studying the opinion of the judge and has not yet made final decisions regarding the introduction of additional rules for cryptocurrencies.
by mmakerinvest
Value InvestingValue Investing - Unearthing Hidden Gems in the Market Introduction In the world of investing, where trends and market sentiments often drive decision-making, value investing stands out as a timeless strategy embraced by legendary investors. Value investing involves searching for undervalued assets that have the potential to deliver substantial returns in the long run. In this blog post, we will delve into the art of value investing and how it allows investors to uncover hidden gems in the market. Understanding Value Investing Value investing is a strategy that seeks to identify assets trading at prices below their intrinsic value. These assets may be temporarily undervalued due to market fluctuations, unfavorable sentiment, or lack of attention from investors. Value investors believe that the market will eventually recognize the true worth of these assets, leading to price appreciation and potential capital gains. The Principles of Value Investing Intrinsic Value Assessment: Value investors analyze the fundamental strengths and weaknesses of a company or asset to estimate its intrinsic value. Fundamental analysis involves evaluating financial statements, earnings, cash flows, and competitive advantages. Margin of Safety: A key principle of value investing is the concept of a margin of safety. Investors aim to buy assets at prices significantly below their calculated intrinsic value to provide a cushion against potential errors in estimation. Patience and Long-Term Perspective: Value investing requires patience and a long-term perspective. It may take time for the market to recognize the undervalued asset's true potential and drive its price higher. Benefits of Value Investing Potential for High Returns: If the market eventually recognizes the true value of an undervalued asset, value investors can reap substantial returns on their investments. Less Susceptible to Market Fluctuations: Value investing tends to be less affected by short-term market trends and sentiments. Investors focus on the underlying fundamentals, which remain relatively stable over time. Contrarian Approach: Value investors often take a contrarian approach, going against prevailing market sentiments. This allows them to find opportunities that others might overlook. Key Strategies for Value Investing Stock Screening: Use stock screening tools to identify companies with low price-to-earnings (P/E) ratios, low price-to-book (P/B) ratios, and strong financials that indicate potential undervaluation. Focus on Dividends: Seek out companies with a history of paying dividends, as this may be a sign of financial stability and value. Avoiding "Value Traps": Be cautious of companies facing structural challenges that may not recover their intrinsic value over time. Conclusion Value investing is a time-tested strategy that has proven successful for legendary investors like Warren Buffett and Benjamin Graham. By focusing on the underlying fundamentals of undervalued assets and exercising patience, value investors can unearth hidden gems in the market and build a portfolio with the potential for significant long-term returns. Embrace the principles of value investing, conduct thorough research, and let your discerning eye lead you to those overlooked opportunities. As you refine your value investing skills, remember that great investment opportunities may sometimes be hidden in plain sight. Happy hunting for hidden gems in the market, and may the strategy of value investing guide you to prosperous investment decisions!
NASDAQ:TSLAEducation
by MindOverMarket
2
ETH - Wait For The Bulls 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH is still sitting around a strong rejection zone as it is the intersection of the lower red trendline and horizontal green support 🏹 So the highlighted purple circle is a strong area to look for buy setups. 📈 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 1905 📉 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
by TheSignalyst
21
CHFJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CHFJPY has been overall bullish trading inside the rising broadening wedge in red, and it is currently retesting the lower trendline. Moreover, the blue level 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 blue demand and lower blue trendline. As per my trading style: As CHFJPY 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
Long
by TheSignalyst
7
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
by TheSignalyst
33
The Power of PatienceThe Power of Patience: Long-Term Investing Introduction In the fast-paced world of investing, where market volatility and hype can easily sway decisions, there's one timeless lesson that stands the test of time: the power of patience in long-term investing. In this blog post, we will explore the significance of adopting a long-term investment approach and the benefits it offers to investors who embrace patience as their ally in wealth-building. Understanding Long-Term Investing Long-term investing is an investment strategy focused on holding assets for an extended period, typically years or even decades, to capitalize on the power of compounding and ride the wave of the market's long-term growth. Unlike short-term trading, which aims for quick gains, long-term investing takes a patient and steady approach, emphasizing fundamental analysis and faith in the underlying value of assets. The Benefits of Patience in Long-Term Investing Harnessing the Power of Compounding: Patience allows investors to benefit from the magic of compounding, where investment returns generate additional returns over time. Compounding can significantly amplify wealth accumulation, especially when reinvesting dividends and capital gains. Weathering Market Volatility: Financial markets are inherently volatile, with short-term fluctuations driven by various factors, including economic news and geopolitical events. By staying patient and maintaining a long-term perspective, investors can ride out market fluctuations without being swayed by short-term noise. Reducing Transaction Costs: Frequent trading incurs transaction costs, such as brokerage fees and taxes, which can eat into returns. Long-term investors minimize these costs by holding assets for more extended periods, leading to better overall returns. Opportunity to Invest in Growth: Long-term investors have the luxury of being less concerned about short-term market movements. This freedom allows them to invest in growth-oriented assets and industries with the potential for substantial long-term gains. Benefiting from Dividends: Patience pays off when it comes to dividend investing. Many established companies offer regular dividends to shareholders. By holding on to these stocks for the long term, investors can enjoy a consistent income stream. Keys to Successful Long-Term Investing Invest in Strong Fundamentals: Focus on companies with solid financials, strong management teams, and a competitive advantage in their industries. Fundamental analysis provides insights into the long-term viability of potential investments. Diversify Your Portfolio: Diversification is a critical risk management tool. Spread your investments across different asset classes, sectors, and geographies to reduce the impact of individual asset volatility on your portfolio. Avoid Emotional Decision-Making: Emotions can lead to impulsive decisions in the face of market fluctuations. Stay committed to your long-term investment plan and avoid making knee-jerk reactions to short-term market movements. Regular Portfolio Review: While long-term investing involves holding assets for years, it's essential to periodically review your portfolio's performance and reassess your investment thesis. Conclusion Long-term investing with patience as its cornerstone is a time-tested strategy that has proven successful for countless investors over the years. By embracing the power of compounding, weathering market volatility, and staying committed to sound investment principles, patient investors have the potential to build substantial wealth and achieve their financial goals. So, take a deep breath, adopt a long-term perspective, and let the power of patience work its magic on your investment journey. Happy investing!
NASDAQ:TSLAEducation
by MindOverMarket
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom. Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $. Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
by cryptodailyuk
LTC/USDT 1D ReviewHello everyone, I invite you to review the LTC chart in pair to USDT on a one-day timeframe. We will start by marking with the blue lines the uptrend channel in which the price is moving, and locally we can mark the yellow downtrend line. Using the Fib Retracement tool, we can check where the price should have support. And here we can see that the price is in front of the support at $86.63, then we have a second support at $77.80 and then a third very strong support at $68.97. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently facing strong resistance at $98.41 equal to 0.618 Fib, the so-called fibon gold point. We continue to have strong resistance at $114.13, once the price breaks it, it will move towards resistance at $134.29. The CHOP index indicates that there is still energy to continue the movement. On the RSI we have a visible rebound, we can see that there is room for the price to go lower, however, taking into account the STOCH indicator, which indicates that the energy is exhausted, we can see an attempt to increase the price.
by cryptodailyuk
EURUSD - Be Patient ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURUSD has been overall bullish trading inside the rising broadening wedge in red, and it is currently retesting the lower trendline. Moreover, the zone 1.10 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 blue demand and lower blue trendline. As per my trading style: As EURUSD 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
by TheSignalyst
3
MKR 1D Review Long-TermI invite you to review the chart of MKR in pair to USDT. Here the price stays above the uptrend line After unfolding the trend based fib extension grid, we see that we first have a support zone from $ 1067 to $ 1008, then we can mark the second support zone from $ 950 to $ 867, but when the zone does not hold the price, we can see a drop to the area of strong support at $ 763. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has rebounded from the beginning of the $1265 to $1349 resistance zone, then it needs to break through the second very strong zone from $1442 to $1569 and then it can move towards the resistance at $1729. When we turn on the EMA Cross 10 and 30, we see that the MKR is moving in a local uptrend. The CHOP index indicates that the energy has been used, the RSI is moving in the upper part of the range, which may result in a larger price correction, and the STOCH indicator shows that there is a lot of energy, which, combined with the RSI, may result in a price correction.
by cryptodailyuk
BTC/USDT 1DInterval ReviewHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the downtrend line over which BTC is moving. Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 29,484 to $ 28,738, but when we fall below this zone, we can see a drop to around $ 28,993 and even $ 26,941. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark the resistance zone from $31,641 to $32,479. Once we manage to break through this zone we will move towards resistance at $33331 and then $34503. It is worth turning on the EMA Cross 200, as we can see, the BTC price is still in a long-term uptrend. Please pay attention to the CHOP index which indicates that there is still some energy left for the continuation of the downward movement, on the RSI we have a visible rebound, but with room for the price to go down, while the STOCH index indicates that most of the energy has been used
by cryptodailyuk
2
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
by TheSignalyst
38
GBPUSD - Trend-Following Buy Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPUSD has been overall bullish trading inside the rising channel in blue, and it is currently retesting the lower trendline. Moreover, the zone 1.270 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 blue demand and lower blue trendline. As per my trading style: As GBPUSD 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
Long
by TheSignalyst
11
XAUUSD Weekly analysisI've tried to make this as clear as possible, but we can see in the past when Gold has moved above 2000, it returns to the 1900 level where it rejects, before retesting the 1980-2000 range and then moving down towards the 1900 level and even lower. This is a key market structure and pattern we have seen play out with Gold, which is a very technical pair. When it comes to swing trading/scalping being able to zoom out and take a look at the bigger picture helps to give a greater understanding of the bias to allow trades maximum room to push.
OANDA:XAUUSDShort
by FriesianFX