Bitcoin has been putting is some near term lower highs and lower lows.
The daily chart trend is starting to breakdown and show signs of distribution.
The weekly chart trend is still ok but even if we had a flush to 40k the Weekly chart would still display higher lows.
The point of this higher low excercise is to define trend and know that trends can often...
BTC has lost some key technical support levels.
The weakness displayed in crypto has come while the stock markets have been incredibly strong
Its never a good sign when you see BTC getting rejected at double top.
The previous ATH at 69k seems to be really keeping price action in check.
BTC has 2 channels converging around 57k - 59K.
Don't be surprised if...
Bitcoin is fighting the short term trend.
its lost the 7 day moving average over the last few sessions. Bulls retraced and tried getting above.
The have not been successful at confirming above the key trend.
A 4 hour Head & Shoulders pattern has triggered but on watch for a potential bullish reversal.
if you only looked at charts and bought NVDA at 0.61 Fibonacci Retracement, you would be able to 8X your money. Yo don't need to look at any industry trends regarding AI or whatever. You don't need to look at balance sheet, cash flow or any other thing. If the information is important , you will be able to see it on the chart.
Of course if you combine both, you...
Bitcoin tagged the EMA 113 today on the daily chart and has bounced superbly.
Since the etf approval, Bitcoin has sold off. This did turn out to be a buy the rumor sell the news event.
Since BTC is bouncing does this mean its time to load to boat on crypto stocks?
I personally thin BTC/ Crypto has 1 more flush to the downside before a bigger move unfolds....
Stocks like Coin, Mara, MSTR all got s=demolished this week on the back of BTC having a 11% pullback from highs.
Bitcoin is forming a weekly reversal candle that is extremely bearish.
This candle could indicate a near term top in the crypto market.
If we get a weekly hammer reversal expect a 50% retrace on the bearish candle, this means some crypto stocks...
Bitcoin saw a nasty Daily topping tail on volume.
So far it appears the ETF news is a sell the news event.
Despite BTC selling off slighlty the decline really wasnt all that bad respectively.
Compared to some of the equity market signals we got in the crypto stocks today. The likes of Coin, Mara, MSTR, WULF, RIOT...all saw some nasty daily reversal signals....
Is Mara about to make everyone a millionaire?
At the rate its going, it absolutely looks like it.
Mara has moved up an extra 100% despite BTC not taking out its daily high close on December 5
💥Hello! I am enTHUZed from TradingView. Some may say I have a split personality between a fulltime crypto futures trader & educationally focused content creator. I teach a unique trading system called the Strength Trading System where we employ max cross margin leverage with proper position sizing to manage one’s average price while we often trading in both...
Hello everyone,
Yesterdays' market, dropped by a good percentage which many people were not expecting.
However, in today's video we are going to analyze what happened and see if we could have avoided losing any money during yesterdays' crash.
Have a good trading week.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NWC.
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
Hello everyone,
Finally back here to analyse ADA.
ADA is currently going through an accumulation phase which will eventually turn into a bull run.
Have a good trading week.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
53 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All...
