BTC - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number.
Moreover, BTC is approaching the lower bound of the orange channel.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 30,000 round number and lower orange trendline.
As per my trading style:
As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If the 30,000 zone is broken downward, we will be expecting further bearish movement till the lower bound of the range around 29,500
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Shortterm
BNB Review 4HInterval Looking at BNB vs USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the downtrend channel from which the price went up.
As we can see from the unfolding of the fib based trend extension tool, the price stays just above the first support zone from $247 to $242, however, when the price falls below this zone, we can see a drop around the second strong zone from $234 to $229.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 253, only when the price positively tests it should try to attack the level of $ 261.
When we turn on the EMA Cross 10 and 30, we can see the confirmation of the uptrend. The CHOP index indicates that we have a lot of energy for the next move. The MACD indicator struggles to maintain a local uptrend. On the other hand, on the RSI we are moving in the upper limit, but we have some space for the price to try to attack the first resistance.
BTC/USDT 4H Interval Review Hello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local channel of the sideways trend, from which the price goes up, in the situation of exiting by the height of the channel, we will find ourselves in the place of the last peak, which could reverse the direction of the price.
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 $ 30,673 to $ 30,389, however, when we fall below this zone, we can see a drop around the second zone at the levels of $ 30,163 to $ 29,936.
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 $31,215 to $31,463, when we manage to break out of it upwards and positively test, we will see a movement towards the second zone from $31,858 to $32,137.
When we turn on the moving average ema cross 10 and 30, we will notice that they are in a local uptrend.
The CHOP index which indicates that energy is starting to be recovered, the MACD indicator indicates a strong upward move, while the RSI is moving in the upper part of the range, which may affect the price rebound in the coming hours.
ETH/USDT Short-Term 3.07.2023Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line.
After unfolding the trend based fib extension grid, we see that there is a first support zone from $1953 to $1946 ahead of the price, and then we have a second strong support zone from $1928 to $1914.
Now let's move on to the resistances and we see that the price did not stay above the first resistance zone from $1961 to $1970, it was rejected, further resistance is at $1979 and the third resistance is at $1993.
Looking at the CHOP indicator, we see that the energy is gaining strength, the MACD is trying to maintain the local uptrend, and the RSI has rebounded from the upper limit of the range, which may give a moment of rebound for the price.
GBPUSD I It will land at support Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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RIVN - Rising Trend Channel🔹Broken through the floor of a rising trend channel in the short term.
🔹inverse head and shoulders formation.
🔹POSITIVE signal with 15.02 resistance breakout, NEGATIVE with opposite formation reject.
🔹Between support 14 and resistance 15.6.
🔹Volume correlate with price up and down.
🔹Technically POSITIVE for the short term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
DOT 4Hinterval ReviewAs the third, we will check the DOT chart on the four-hour interval. As we can see, the price is above the uptrend line marked in yellow.
Let's start by marking the price support spots and we see that we first have support at $4.84 but if the price goes lower then we have another support at $4.72 and then we have a very strong support zone at $4.60 $ to $4.42.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that currently DOT does not have enough strength to break the resistance zone from $5.04 to $5.27, but when this happens, we have another very strong resistance at $5.56, only after a positive test of this resistance we will be able to see a further price increase.
When we turn on the EMA Cross 200, we will see an attempt to return the price to a strong uptrend, but at the moment the price is fighting to maintain this trend.
The CHOP index indicates that there is still a lot of energy to be used, the MACD indicates a return to the local downtrend, while the RSI is in the process of recovering and we are approaching the lower end of the range, which may indicate the imminent end of the current recovery.
Long WTIUSD (OIL)This is a quick short-term bet on the bottoming of the oil price-action based on a price action behaviour. It is possible that the price has bottomed as it has been consolidating and creating a triangle shape in the lower time-frames (see 1H chart).
The RR ratio is looking very positive (above 3) for a trade, assuming price will rebound from this level and not break triangle resistance.
It is a trade that requires active monitoring and management, with adjustment of SL to break-even if price runs bullish and breaks the tirangle resistance to avoid any news related major counter moves, which in this market is always a major possibility.
BTC Short-Term 1HIntervalHello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with setting the support for the next few hours and here we first have a support zone from $30170 to $30043, which held the price, but then we have a second support zone from $29940 to $29837.
Now let's move on to the resistance, as you can see the first resistance is $30253, if it breaks down the next resistance will be $30412 and then we have a strong resistance zone from $30546 to $30674.
Looking at the CHOP indicator, we see that there is still some energy left, the MACD indicates a continuation in the downtrend, while the RSI is moving at the lower limit, however, small movements can bring the price to the second support zone.
LTC/USDT 4HInterval Review support and resistanceHello everyone, let's look at the LTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $87.49, if the support is broken then the next support is $83.42 and then we have a strong support zone from $80 to $77.
Now let's move to the resistance line, as you can see the first resistance is $91.28, if you manage to break it, the next resistance will be $94.72 and $97.52.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD confirms the local downtrend, while the RSI shows a visible rebound, which may give room for future increases.
BTC/USDT 4HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. Currently, the price is moving in the local uptrend channel.
Let's start with the support line and as you can see, first the price held a strong support zone from $30639 to $30423, then we have strong support at $30149 and then we can see a drop to the third support at $29353.
Now let's move on to the resistance line, as you can see the first resistance is $30855, if it breaks through, the next resistance will be $31138 and then we have the resistance zone from $31363 to $31587.
Looking at the CHOP indicator, we see that there is still energy to continue the move, the MACD indicates the maintenance of the local downtrend, while the RSI is moving at the upper limit, which can affect the sideways trend or a slight price drop.
BNB/USDT 4H Interval ReviewHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $240.3, if the support is broken then the next support is $237.8, $235.7 and $233.6.
Now let's move on to the resistance line, as you can see the first resistance the price is fighting is $243.8, if it manages to break it, the next resistance will be $246.4, $248.6 and $250.8.
Looking at the CHOP indicator, we see that there is still energy for the move, the MACD remains in a downtrend, while the RSI is in the middle of the range, which may indicate a temporary sideways trend.
EURAUD Update I What to Expect from this PairWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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$BTC -Buy Opportunity- Bitcoin is sitting at a good buying opportunity on different perspectives
(long-term investing DCA, mid-term bounce- short term craze) ;
in the midst of TVC:DXY plunging today
Currently trading at Strong Zone of Support :
- S/R area
- Its Support of Golden Zone of 15K low to 31K High (CHoCH uptrend)
-Demand Zone
Looking for CRYPTOCAP:TOTAL2 as well to make some moves ( CRYPTOCAP:BTC.D should be surveyed)
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking on any trading activity based solely on this Idea .
BTC/USDT 4H Review, Resistance and SupportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $26334, if the support is broken then the next support is $25806, $25359 and $24944.
Now let's go from the resistance line, as you can see the first resistance is $27234, if you manage to break it, the next resistance will be $27567, $27863 and $28146.
Looking at the CHOP indicator, we see that there is still energy for the continuation of the move, MACD indicates the continuation of the uptrend, however, we have touched the upper limit on the RSI, which will most likely reverse the trend in the coming hours and give the price a rebound.
ETH/USDT 4HInterval resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1712, if the support is broken then the next support is $1694, $1676 and $1650.
Now let's move on to the resistance line, as you can see the first resistance is $1746, if you manage to break it, the next resistance will be $1767, $1784 and $1801.
Looking at the CHOP indicator, we see that there is a lot of energy for the move, the MACD indicates a return to the local downtrend, while the RSI also has a rebound and room for the price to go a little lower.
EXCELINDUS Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Price is in uptrend reversed from Trendline.
Also price broke from box with with volume.
CMP: 982
Nearby Support: 802
Nearby Resistance: 1120, 1161.
PARAGMILK Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
PARAGMILK is in downtrend from 2018 and Forming Descending Triangle and broke trendline resistance with good volume.
CMP is 112.30
Nearby Support is at 98.
Nearby Resistance is at 128.
Not Defining any targets or SL just posting views of stock charts which are looking good for trade setups.
Always do your analysis and trust your own analysis.
BTC/USDT ShortTerm 4hInterval Targets and StoplossHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving right at the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $25598
T2 = $25793
T3 = $26074
AND
T4 = $26,433
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25518
SL2 = $25366
SL3 = $25252
SL4 = $25,129
AND
SL5 = $24961
Looking at the CHOP indicator, we see that there is room to gather energy, the MACD indicates a transition into a local uptrend, while the RSI is moving around the middle of the range with room for the price to attack the current resistance.
Daily BTC 4HChart - targets and stoplossHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with setting targets for the near future that we can take into account:
T1 = 25401$
T2 = 25579$
T3 = 25806$
and
T4 = 26469$
Now let's move on to the stop loss in case of further market declines:
SL1 = 25107$
SL2 = 24861$
SL3 = 24660$
and
SL4 = 24456$
Looking at the CHOP indicator, we see that the energy has been used, the MACD, despite the price increase, remains in a downward trend, while the RSI has a visible rebound, we still have room for the price to overcome the current resistance.
BTC/USDT 4H - Targets and StoplossHello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price has moved up from the local downtrend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = $26,132
T2 = zone from $26383 to $26626
AND
T3 = $26970
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25,951 to $25,655 zone
SL2 = $25413
AND
SL3 = $25,178
Looking at the CHOP indicator, we see that there is a lot of energy on the 4H interval, the MACD indicates a local uptrend, and the RSI is moving sideways around the middle of the range, which makes it difficult to clearly choose the direction of movement.