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Range

BTC 1H Range I find it very interesting just how well BTC can respect the quarterly lines of a range. You can spot certain price action patterns within the overall range but trading within the boundaries of the range can be very beneficial in a sideways environment that we find ourselves in. When range quarters are hit and coincide with oversold indicator triggers they are great places to go long while we are stuck in this range between 26.5k & 29.2k Indicators: RSI CM_Williams_Vix_Fix
by ProR35
GMTUSDT possible breakout to the previous zone with further moveOn the 15-minute timeframe, the instrument shows a halt in the downward local trend, with high volumes at the lows indicating buyer interest. An attempt to set a new low was unsuccessful as the price returned to the old range, gathering liquidity at the previous lows, resulting in multiple touches on the long breakout. The price is now trading below it, creating an entry opportunity for a long position. We expect an impulse breakout by triggering stop orders above the highs to remove the liquidity
Long
by PavlOK
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
by TheSignalyst
38
BTC Ranging and Planning TradesWe are back to the time where I like to set up for some trades. Some of my favorite trading comes when BTC defines a stable range like it has, this involves being patient to allow BTC to sweep high and low liquidity of the range. But once that range forms and has time to develop, the likelihood of the next move out of the range being a confirmed breakout increases. And we are now at that point where I am reasonably confident that when BTC moves out of this range, it will likely be the confirmed breakout and not a swing failure. So what I am doing at this time is preparing for the altcoin trades that I want to take. I will only enter these when BTC breaks out of the range because I prefer not to get caught up in the noise of trading within the range. So the key here is to time the altcoin entries well so that the altcoin is breaking out of its respective pattern at the same time that BTC is breaking out of its range. This is not a complete list, but here are a few ranging altcoins that I am watching: ETH BAT PEOPLE AVAX
BINANCE:BTCUSD.P
by Obscure_Trading
1
BTC.D - Altcoin Season Getting Closer ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 BTC.D has been stuck inside a weekly range for for almost two years. After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green. 📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance. That's why we are speculating Altcoins to gain strength after a couple of days / weeks. For now, as long as BTC.D is trading higher , BTC would be dominant and outperforming almost all altcoins. What do you think? Will BTC.D reject the red resistance or break it upward? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:BTC.D
by TheSignalyst
12
Navigating Ethereum: Analyzing Price Ranges & Bitcoin DominanceOver the past week, Ethereum has exhibited both volatility and stagnation, trading within a defined price range. I would like to provide an analysis of Ethereum's price action, discuss the significance of support and resistance levels, and highlight the importance of Bitcoin dominance in the cryptocurrency market. Ethereum's Price Range: A Closer Look Since last Friday, Ethereum has been trading within a range of $1700 and $1850, oscillating between the upper and lower limits approximately 10 times. This range-bound behavior has created clear support and resistance levels, which, when broken, are likely to result in a substantial price movement. Managing Risk and Anticipating Breakouts One common risk management strategy in range-bound markets is to buy at the lower end of the range and sell at the upper end. However, should Ethereum's price break below the established support level, it could trigger a decline into the lower $1600s. Conversely, if the price breaks through the resistance level, we may witness a surge towards the $2000-$2500 range, which has been a potential target for months. Bitcoin Dominance and Its Influence on the Market Despite the enthusiasm surrounding altcoins, Bitcoin's dominance in the cryptocurrency market cannot be overstated. As Ethereum's price action is closely tied to Bitcoin's movements, it is crucial to monitor Bitcoin dominance when assessing Ethereum's future. While it is possible that an altcoin could eventually surpass Bitcoin's market share, such an event is not imminent, and predictions to the contrary should be approached with caution. The importance of Bitcoin dominance highlights the interconnected nature of the cryptocurrency market. Traders and investors must consider the broader market context and the influence of major cryptocurrencies like Bitcoin when analyzing individual assets such as Ethereum. Trade Cautiously and Avoid Overleveraging As you continue to navigate the Ethereum market, it is essential to trade cautiously and avoid overleveraging. By understanding and analyzing price ranges, support and resistance levels, and the significance of Bitcoin dominance, you can better manage risk and make informed decisions in the ever-evolving cryptocurrency landscape. By keeping a close eye on market trends, monitoring the performance of major cryptocurrencies, and staying updated on relevant news and developments, you can better equip yourself to handle the challenges and opportunities presented by the dynamic world of cryptocurrencies.
BITSTAMP:ETHUSD
by bitdoctor
USOIL on a range 🦐USOIL on the daily chart is moving froma few weeks within a range between an important support and a resistance around the 82 level. The market tested a few times the upper and the lower level of the box and no break happened yet. In these cases we have 2 possible options: Trade within the range and take long orders at the bottom and short ones at the top or either be patient and wait for a clear break of the range. In this second case we could wait for a break of the support area and look for a nice short order according to the Plancton's strategy rules.
TVC:USOIL
by InkyGrip
8
UNIDEF - Wait For The Bulls 🌈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. UNIDEF has been stuck inside a big range between the 0.0002 support and 0.00027 resistance. The bulls are clearly in control medium-term resulting in higher highs and higher lows. 🏹 If we retest the green support and orange trendline again, we will be looking for trend-following buy setups on lower timeframes For the bulls to take over long-term , we need a daily candle close above 0.00027 blue resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
ULong
by TheSignalyst
6