ATOM 1D ReviewHello everyone, I invite you to review the ATOM chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line on which the price is currently based.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $8.81, and then it is worth marking the support zone from $7.89 to $7.26.
Looking the other way, we see that the price has turned around at the resistance of $ 10.29, when it manages to break it, we have a strong resistance zone from $ 11.06 to $ 11.56, only after a positive upward exit and testing the resistance will the price be able to keep going up.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates a downtrend, while the RSI is in the process of rebounding, and looking at the energies and the MACD, we can expect a price drop.
Longterm
ETH/USDT 1D Interval ReviewHello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is based on the uptrend line.
After unfolding the trend based fib extension mesh, we see that the first support is at $1869, and then the second at $1825.
Now let's go from the resistance line, as you can see the first resistance is $1942, if you manage to break it, the next resistance will be $1975, $1998 and $2029.
The CHOP index indicates that there is energy for further movement, the MACD indicates the transition to a downward trend, and the RSI is rebounding to the middle of the range, which may result in a further price drop.
Indications that there may be some potential additional valueNYSE:BHG BHG's current price level of $13.45 Entry. Indications that there may be some potential for additional value creation if the stock continues to perform well over time. Bullish on BHG as long as its current price remains above its 52-week low and it has not recently fallen below its 200-day moving average price level or below its 50-day moving average price level. Additionally I'm considering holding shares of BHG for the long term, I believe they will continue to perform well over time based on their current performance and prospects for future growth potential.
Price target $51.5
SOL/USDT 1D Review resistance and supportHello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range.
Going further, we can move on to marking support areas when the price starts a correction. And here the first strong support is at $19.91, then we have a very strong support zone from $17.66 to $15.39 and then support at $12.17.
Looking the other way, we see that the price has reached an important resistance zone from $ 21.69 to $ 24.06, which so far has no strength to break. However, if it manages to break above the resistance zone, the next resistance will appear at the price of $27.15.
Please take a look at the CHOP index, we see that most of the energy has been used in the current uptrend, the MACD confirms the ongoing uptrend, while the RSI has a clear uptrend which could give the price a correction in the coming time.
BTC/USDT Long-Term 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 blue lines to mark the downtrend channel from which the price has gone up, while locally it is worth marking the sideways trend channel in which the BTC price is moving.
We will use the trend based fib extension tool to determine the supports, as we can see now the first support at $30049 held the price, however when it goes lower the next support is at $29180, then the third support at $28402 and then it is worth marking a very strong zone support from $27678 to $26628.
Looking the other way, we can determine the places of resistance in a similar way. And here the first resistance at fibon's golden point is at $31855, before which the price turns back, however when it manages to break it, the second resistance is at $33809 and then the third resistance at $36250.
When we turn on the ema cross 10 and 30, we can see that it indicates a continuation in the ongoing uptrend.
The CHOP index indicates that there is a lot of energy to be used, the MACD indicator indicates a downtrend, and we can see a rebound on the RSI, but we are still in the upper part of the range, which may give the price a rebound.
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
NZDCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCHF has been stuck inside a range in the shape of a symmetrical triangle and it is currently retesting the upper trendline.
Moreover, the zone 0.557 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDCHF is sitting around 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
TESLA CHART - WEEKLY TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
EURJPY - Shift In Momentum Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
EURJPY has been overall bullish, however it is retesting a resistance zone as it is the intersection of two trendlines from Daily and H4
on H4: Right Chart
🏹 For the bears to take over, we need a momentum candle close below the gray low.
Meanwhile, until the bears take over, EURJPY 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
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
My Ten-Year Personal Summary on BTCMy Ten-Year Personal Summary on BTC
Since first encountering BTC in July 2013, a decade has passed. What exactly have I gained over these ten years? You might think that having known about BTC so early, I must have achieved financial freedom. Unfortunately, that’s not the case. From initially getting into BTC in 2013, mining in 2014, to experiencing my first bear market in 2015 and selling all my coins in despair, to watching the bull market rise with an empty portfolio in 2017, and later in the bull market of 2020 losing my last 1 BTC due to leveraged gambling during a market correction, and up to now in 2023, struggling to accumulate coins before the halving, I have paid a heavy price in “tuition fees” over the past ten years. Although I did not achieve financial freedom, I believe that the “tuition fees” I paid over the decade were not in vain. Below is my summary, which I would like to share with everyone.
It's well known that BTC undergoes a halving roughly every four years. Many believe this is an emulation of real-world gold mining, aiming to create a deflationary currency. I partly agree with this view, but a notable difference is that the reduction in the mining of precious minerals is continuous, whereas BTC halving is sudden every four years - it's not linear, but step-like. What does this lead to? I'll get to that later. Let me first talk about the pattern I've observed: in the three cycles for which we have data, the peaks of the bull markets occurred 14 months (December 2013), 18 months (December 2017), and 18 months (November 2021) after each halving. The 2013 cycle is somewhat dated, so the 2017 and 2021 cycles are more persuasive, as they occurred when BTC entered the mainstream. We can tentatively conclude that, about a year and a half after a halving, there is a high probability that the bull market will reach its peak. The next question is, when is the bottom? Relative to the peaks of these three cycles, the bottoms occurred 14 months later (January 2015), 13 months later (January 2019), and 13 months later (December 2022), respectively. This is remarkably cyclical. Another point worth noting is that all six instances, whether bull market peaks or bear market bottoms, occurred at the end or beginning of a year, showing a high degree of regularity.
This strong regularity inevitably makes one want to capitalize on it; at least if you operated based on the data from 2017 in the just-passed 2021 cycle, you would have made a fortune, wouldn't you? But someone will inevitably criticize me, saying: “Using historical events to predict future events is extremely foolish, you shouldn’t do this at all! Anything can happen, and cycles can change!” I can’t deny this, but we still need a summary of experience, don’t we? Moreover, I will address the issue I mentioned at the beginning, that “BTC’s halving is step-like, not gradual.” This is precisely what leads me to be willing to trust historical data. Ask yourself, whether it be stocks, gold, or foreign exchange, does any investment have the characteristic of halving suddenly every four years like BTC? No. Can BTC’s halving characteristic be altered? No! It was written into the core of BTC by Satoshi Nakamoto and will continue until 2140. It is this “sudden halving” that gives rise to BTC’s four-year cyclical fluctuations. If the halving were linear and continuous, BTC wouldn’t have such strong volatility! The patterns we just summarized are not coincidences, but the inevitable results of the halving mechanism. Therefore, I have every reason to believe that in the years to come, we will still see this cyclicity because the halving mechanism is always there. Even if things may be different, and the timing may vary, the nature will not change.
Based on this, we should make good use of the halving cycle, which is the greatest gift that Satoshi Nakamoto has given to long-term investors. As for myself, I built positions between November 2022 and February 2023, and my basis was the pattern we just summarized, and I was right. So, the next operation is to find the next peak. The next halving is currently estimated to be around April 2024. By extrapolation, the approximate selling point would be around November 2025. There will definitely be some deviation in timing, but you will need to combine this with market sentiment and the actual price of BTC at that time.
Speaking of price, what should the peak be in November 2025? According to the famous Bitcoin Rainbow Chart (updated V2), the “Maximum Bubble Territory” for November 2025 is between 310-400K, “Sell. Seriously, SELL!” is between 240K-310K, “FOMO intensifies” is between 180-240K, and “Is this a bubble?” is between 140K-180K. The twin peaks of the bull market in 2020 and 2021 did not touch the “Maximum Bubble Territory”; 2021 only touched the bottom of “Sell. Seriously, SELL!”. Therefore, regarding the price high, I don't think even the new V2 version of the Bitcoin Rainbow Chart has much reference value, as the market's upper limit is finite and can’t simply be an exponential addition. Thus, I drew my own sell line that truly connects the peaks of these three cycles. I think the price in November 2025 should be between 160K and 180K, and that will be my selling price. Afterwards, according to my buy line for the bottom, I will rebuild positions in BTC in January 2027, at an approximate price of 60K, completing one cycle. Then, I will continue with the next cycle.
If everything goes smoothly, the returns will be very impressive. For example, if you currently own 1 BTC, selling it in November 2025 could yield 160K, and subsequently in January 2027, you would be able to buy about 2.5 BTC. By selling in November 2029, you would make 2.5*300K=750K. In December 2030, buying at a price of 150K would net you 5 BTC, and selling in 2033 at a price of 400K would leave you with 2M. I will operate this way for the next decade starting now.
You might say I'm an idiot for expecting such an idealized outcome. You are right, life is tough, and not everything goes as you wish. But based on the lessons learned from my decade of experience, I believe this is the plan most worth putting into practice, and it has many advantages. Let me explain them one by one.
Firstly, you only need to make two transactions every four years. Compared to the elusive short-term trading, the success rate of trading based on the halving cycle is evidently higher. Additionally, you can store your BTC in cold wallets or hardware wallets for most of the time, which significantly reduces the risk of centralized exchanges going down. As the saying goes, the less you do, the fewer mistakes you make. Moreover, low-frequency trading allows you to get back to life, which is extremely important! Why do we want to make money? Because we want to live well; this is the essence. The most important thing is to avoid the “gambling nature”. Imagine there is a “Gambling Bar” above your head; every time you make a short-term trade, whether successful or not, the bar rises a bit until it’s full. Then it makes you lose your mind and start gambling with leverage. How do I know this so clearly? Because in 2020, I lost all my BTC using just 3x leverage. I was very aware that I could use a stop-loss, but my “Gambling Bar” was full, and I lost my rationality. That's why I will make sure to keep myself away from it for the rest of my life. In this market, risk is everything. As a gambler, as long as you are at the table, no matter how much money you make, the end result will be zero.
This concludes my personal ten-year summary of BTC. Whether the experiences I summarized are correct or whether they can be realized doesn't matter. They will be slowly tested by time, and I can focus on working and living better.
I wish everyone who reads this article a wonderful day!
BTC - Are You Ready ? 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 As per my last educational post, we know that the bulls took over after breaking above the falling flag #4
📌 BTC has been sitting inside a strong rejection zone:
1- Round number => 30,000
2- Classic Weekly Support Zone Turned Resistance 30k - 32k
3- Supply zone
🏹 For the bulls to take over from a Marco perspective, we need a weekly break above 32,000
Meanwhile , the bears can still kick in for one more bearish correction before the bullish take over again. We will be monitoring price action on lower timeframes to confirm it.
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
SasanSeifi 💁♂️XRP👉1D 🔻 0.42 / 0.38 The price faced selling pressure and is currently fluctuating in the price range of 0.48. I expect the price after a slight fluctuation and an upward movement after collecting liquidity again from the FVG price range of 0.50 in case of SELL confirmation, we will see further correction of the price to the support range of 0.42/0.38.
Possible trends are also identified.
The important resistance range in daily time is 0.50
❎ (DYOR)...⚠️⚜️
What do you think about this analysis? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment 🙏✌️
ETH - Short-Term Resistance Ahead ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected our 1830 demand zone and traded higher. Now What?
📉 ETH is still bearish medium-term and now sitting around the upper trendline acting as a non-horizontal support. So we will be expecting the bears to take over shortly (to be confirmed on lower timeframes)
📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930
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
Bond Yield Inversion vs. SPXThis is nothing new, really. People who have been in markets long enough know that when short term bond yields (3 month and 2 year, for example) come up to meet and invert to a higher yield than longer term bonds (like the 10 year, 30 year etc) that it often precedes a large market sell off as well as a recession that affects most everyone, not just stock prices.
On this graph, I maybe got a little carried away. I have the 1 month, 3 month, 1 year, 2 year, 10 year and 30 year as well as the actual Fed Funds rate with SPX in the background.
This goes back to the mid 1990s, you can see the dotcom boom, you see the yields invert, SPX tops and then takes near 3 years to finally find bottom before reversing course.
Unfortunately for long only stock holders, the treasury yields started to climb with stocks as well until they inverted in 2007 once more. Stocks started to come down, and, well, then 2008 happened...
You can see that in general, the fed funds and the shorter term yields find a plateau at their top, tend to stay there for awhile (sometimes for a whole year), then as they start to come back down, the stock market tends to be near its highs, and then the stock market starts to come down.
Big money tends to see higher treasury yields as a safer haven for their money than stocks at this point. If you have the ability to hold the treasury to expiration, you're guaranteed to get 100% of the money back plus whatever the yield % was at time of purchase as interest paid to you by the government.
Furthermore, there is an inverse relationship between bond yield percentage going up, and the value of bonds on the open market. As yields go up, the value of bonds goes down. Vice versa, as yields start to retract, bond values go up. So, there is high incentive to start buying a lot of bonds as the rates plateau near the top. Maybe some of these large hedges start to sell some equities as a hedge and buy more bonds as we get to that point. Rebalance their portfolio to be more bond-heavy.
Higher short term yields, higher fed funds rate also generally mean that the cost to borrow money for anyone is higher. Higher interest rates means more money out of the pocket of anyone borrowing to pay interest. Bonds themselves are just government debt.
The stock market is generally forward looking, so it's often making moves in response to moves in the bond market before main street really starts to feel the effects of the tightening in a meaningful sense. As time has gone on, it seems the market is reacting earlier and earlier to rate hike cycles.
Take 2018 for example, the yields didn't really invert until they all were already on their way back down. 2018 had volmeggedon to deal with to start the year, then came back, set a new high, then had a very rough second half of the year as bond yields plateaued. But, as the market saw that this small rate hike cycle didn't do any meaningful harm to the economy and started retracting, stocks took off again:
Then COVID happened, yields plummet, cost to borrow was as cheap as it ever has been, the government pumped money everywhere to try and prevent a complete collapse of everything, stocks were off to the races harder than ever before after finding bottom just a few weeks into the pandemic.
But, mentioning the market kind-of getting ahead of itself again, we had all of 2022, as it became apparent that inflation was now raging and bigger rate hikes than we've seen since the Great Financial Crisis would be necessary, the stock market sold off despite the economy still showing very solid recovery out of the pandemic.
But now, treasury yields are still climbing, but so are stocks. Treasuries hit a little hiccup in March as a couple regional banks were found to be overlevered in treasuries that had too low of a yield, and as more people began withdrawing money and those banks needed liquidity, they had to sell those treasuries at a loss. If they didn't have to come up with that liquidity and were able to allow those treasuries to mature, they make that small percent of interest for holding them. But because they were forced to sell them as treasury values were at a low because they had inadequate liquidity to cover deposits being withdrawn.
But, now maybe surprisingly, despite some of the troubles and the market sell off for most of 2022, we're now not all that far off of CBOE:SPX 's highs from the end of 2021, start of 2022. But, we still don't know what the full effect of the current high interest rates are going to be. It's possible the old mechanism where when we finally reach the top for interest rates, right as we get the precipice of rates starting to fall, equities top out and start to sell off shortly thereafter again. For how big and how long? Who knows.
Despite the recent 'skip' from the federal reserve, opting to not hike at the June meeting, the 3 month yield, which typically is what most closely matches/leads what the fed is going to hike to, has in recent days made it look increasingly likely that we see at least a quarter point hike for July. The market probably won't like that news, maybe we get a few red days, but if economy data coming in still looks solid and inflation is showing a slow, steady reduction, it may not be long before the market decides to go back up again. We might even go past the 2021/early 2022 highs this year.
But, eventually, we'll find the top for yields, and I have a feeling a bigger correction for stocks will loom at that point. For right now, seems like a bad idea to go against the bulls. But, keep an eye out for when we finally reach the top in treasury yields, look in particular for the 3 month, fed funds and the 2 year to go sideways. Once all 3 start to go down, pay closer attention to economic data coming in. Also take a look at www.tradingview.com for evidence of lower highs off the lowest point for the current cycle. You see the combination of the two, we may be in for a big correction. Again.
BTC - Interesting Times ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stuck inside a range between 30k - 32k resistance for a couple of days.
The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4.
In this case, we will be expecting the bearish correction to start till the blue 28300 support.
📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in red.
In this case, we will be expecting BTC to test the 32k resistance.
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
ETH - The Range is getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been overall bullish medium-term trading above the blue trendline and it is currently retesting it.
Moreover, the zone 1830 is a strong demand.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930
📉 On the other hand, if the green demand zone is broken downward, expect further bearish movement till the 1750 support.
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
GBPAUD - Wait For The Trigger ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
GBPAUD is retesting a resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPAUD is forming a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the gray low.
Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher inside the resistance or even break it upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SasanSeifi 💁♂️AVAX👉1D 🔻▪️ Hello everyone ✌️
As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range.
According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction.
In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified.
❎ (DYOR)...⚠️⚜️
What do you think about this analysis? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment 🙏✌️