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BTC - Bears Remain In Control; Until...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. 📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend. As BTC approaches 27,500 we will be looking for buy setups as it is the intersection of multiple trendlines. 📈 From a short-term perspective, on the H1 timeframe, BTC has been bearish trading inside the falling wedge in orange. To regain control short-term, the bulls must achieve a strong momentum candle close above the last minor high in orange. Meanwhile, the bears remain in control and we will be looking for buy setups as BTC approaches the demand zone in red around 28,950 📚 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
13
SOL/USDT 1H Review ChartHello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the yellow line to mark the local downtrend line, from which the price tried to go up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $24.17, the second support is at $23.65, the third support is at $23.24, and then we have a strong support zone from $22.81 to $22.20. Looking the other way, we see that the price has rebounded from the important resistance zone from $ 24.99 to $ 25.40, which so far has no strength to break. However, if we manage to go up, we will see an attempt to attack the second zone from $ 26.07 to $ 26.55. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, we have a rebound on the RSI but there is still a lot of room for the price to go lower, while the STOCH index is approaching the lower limit, which affects the current stagnation of the price.
by cryptodailyuk
3
BTC 1H ReviewHello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price moved dynamically above the local downtrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29623, then the second at $29423, the third at $29263, and then we have a strong zone from $29098 to $28867. Looking the other way, we see that the price has recovered quickly and is holding just below the resistance at $29,819, then we have strong resistance at $30,136 and then very strong resistance at $31,049. The RSI indicator indicates that the energy is used, while the STOCH indicator also shows the energy used in this movement, which may result in a price correction.
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by cryptodailyuk
1
ETH 1H Review Be careful!Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. In the first place, we can mark the downtrend channel, however, we are currently moving in a sideways trend channel in which the price is still holding. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the first support is the zone from $1841 to $1829, then we can mark a very strong support zone from $1780 to $1714, when the price falls below this zone we can see a drop around $1626. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we see a strong resistance zone from $1,894 to $1,947, then we have resistance at $1,984, and then the price needs to break through the $2,031 resistance to continue up. When we turn on the EMA Cross 200, we see that the price made an attempt to return to the uptrend, but it failed and we quickly fell below the ema cross 200. The CHOP index indicates that the energy is almost depleted, the RSI has a strong rebound but there is still room for us to go lower, the STOCH index indicates that the energy is depleted at the moment so we can see a temporary sideways trend.
by cryptodailyuk
BNB/USDT 1H Chart Review Hello everyone, let's look at the BNB to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we see that there is a support zone from $242.8 to $242 first, then support at $241.39, and then the second zone from $240.73 to $239.81. Looking the other way, we see a resistance zone from $243.92 to $244.58, resistance at $245.12, and then a second strong zone from $245.69 to $246.46. The CHOP index indicates that there is still energy for a move, the RSI is approaching the upper limit again, which may reverse the direction of the price, while the STOCH indicator has crossed the upper limit, which may result in a stronger downward move.
by cryptodailyuk
ETH/USDT 1H Short-Term ReviewHello everyone, I invite you to review the chart of ETH in pair to USDT, also on the time interval of one hour. First of all, using the blue lines, we can mark the uptrend channel, from which the price went down and is currently struggling to return to the channel. Now let's move on to marking the places of support. And as you can see we have the first support at $1841, the second support at $1812, the third support at $1788 and then we can mark the fourth very strong support at $1763. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, the first resistance at which the price changes direction is at $1878, then the second resistance at $1909, the third at $1933, the fourth strong resistance at 0.618Fib equal to $1957, and then the strong resistance at $1991. When we turn on the EMA Cross 200, we can see that the price is struggling to return above the blue line of the ema cross 200, which would confirm the return to the uptrend. The CHOP index indicates that there is still energy for movement. On the RSI we see a local correction, but in combination with the STOCH indicator we can see a greater price rebound.
by cryptodailyuk
BTC 1H Review Short-Term!Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First of all, we will use the blue lines to mark the uptrend channel, from which the price exited at the bottom and entered the downtrend channel formations. What's more, very often the exit from the channel is close to the size of the channel, in this situation we can see the price drop to around $28236. In order to determine the support places for the BTC price, we will use the Trend Based Fib Extension tool, and here we see that the first support is at the price of $ 28973, then we can define the support zone of $ 28,528 to $ 28,171, but when the price breaks out of this zone, further we have very strong support at $27815 followed by $27305. Looking the other way, we can determine the places of resistance in a similar way. First, we will mark the resistance zone from $29734 to $30009, when we break it we have resistance at $30277, then resistance at $30690, then very strong resistance at $31175. The CHOP index indicates that the collected energy is used for a local price increase, the RSI indicates a significant increase with room for the price to go higher, but on the STOCH indicator we can see that we have exceeded the upper limit, which may affect the slowdown of the price increase and even return to correction.
by cryptodailyuk
1
BTC/USDT 1H Interval Review Short-TermHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price stays at the local uptrend line. After unfolding the trend based fib extension tool, we see that the first significant support is at $29,094, then the second at $28,912, and then the third at $28,730. Looking the other way, we see that first there is the resistance zone from $29,542 to $29,639, which so far has no strength to break, then the second zone from $29,745 to $29,884, and then the resistance at $30,066. The CHOP index indicates that there is still energy to move, the RSI indicates that there is room for further declines, while the STOCH indicator shows exhausted energy, which may give a temporary sideways trend or a slight increase.
by cryptodailyuk
3
BTC-USDT Short-Term 30M IntervalHello everyone, let's look at the BTC to USDT chart on a 30 minute time frame. As you can see, the price has moved sideways from the downtrend line. After unfolding the trend based fib extension grid, we see that the first significant support is at $28,766, the second at $28,586, and then the third at $28,413. Now let's move on to resistance and as you can see first we have a strong resistance zone from $29293 to $29413, then we have resistance at $29565 and then resistance at $30005. The CHOP index indicates that the energy is rising, the MACD indicates that we are moving in an uptrend with room for further growth, and on the STOCH indicator we are approaching the upper limit, after crossing it, we can rebound the price.
COINBASE:BTCUSD
by cryptodailyuk
BTC/USDT 1H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the uptrend line. Let's start with the support line and as you can see the first support in the near future is $29542, if the support is broken then we still have a support zone from $29342 to $29220. Now let's go from the resistance line, as you can see the first resistance is $29999, if you manage to break it then the price needs to break the zone from $30238 to $30403. The CHOP index indicates that the energy has been used, the MACD confirms the local downtrend, and the RSI has approached the lower limit, which may give a temporary sideways trend.
by cryptodailyuk
1
Hello everyone, I invite you to review the BNB/USDT 4H ChartHello everyone, I invite you to review the BNB chart against USDT, also on a four-hour timeframe. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving in the lower part, it is also worth marking the local downtrend line with the yellow line. Now let's move on to marking the places of support. We will use the trend based fib extension tool to mark support, and first we will mark a strong support zone in which the BNB price is currently located, but when it falls below this zone, the next support is at $ 233. 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 strong resistance at the price of $ 249, and then it is worth marking a very strong resistance zone from $ 257 to $ 262, only when the price breaks out of it and then positively tests, we will see further increases. The CHOP index indicates that the energy has been used. The MACD indicator maintains an ongoing downtrend. On the other hand, on the RSI we have a strong rebound to the lower part of the range, which creates room for a future price increase, but it is worth being careful because there is room for the price to go a little lower.
by cryptodailyuk
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart in one hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension mesh, we see that the price has bounced off the strong resistance at $30,442, and when it breaks the next resistance is at $30,550. Looking the other way, we see that the first support is at $30,318, then you can mark a strong support zone from $30,238 to $30,182, and then support at $30,114. Looking at the CHOP indicator, we can see that the energy is almost used up, the MACD confirms the local uptrend and the RSI has a significant increase, however, there is some room for the price to go a little higher.
by cryptodailyuk
1
BTC/USDT big height 13.07Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. When we unfold the Fib Retracement tool, we see that the first support in the near term is $31084, the second is $30816, then the third at $30603 and then the fourth at $30396. Looking the other way, we see that the price has hit a very important resistance at $31,520, when it breaks it, we can see an increase towards a very strong resistance at $32,643. The CHOP index indicates that the energy is exhausted, the MACD confirms the ongoing uptrend, and the RSI has crossed the upper limit, which may soon change the trend to a downward one.
COINBASE:BTCUSD
by cryptodailyuk
1
BNB/USDT Short-Term ReviewHello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price has broken out of the local downtrend line. After unfolding the trend based fib extension mesh, we see that the first support is at the price of $ 239.8, the second at the price of $ 236.5. third at $233.3, and fourth at $228.7. Looking the other way, you should first mark the resistance zone from $247 to $250, and then the second zone from $254 to $257. The CHOP index indicates that there is a lot of energy to move, MACD is on the verge of returning to the downtrend, and we have a rebound on the RSI, but there is room for the price to go lower.
by cryptodailyuk
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price is bouncing off the local downtrend line. After unfolding the trend based fib extension grid, we see the first support zone from $30,309 to $30,138, and then the second support zone from $29,856 to $29,658. Now let's move on to the resistances, and here in the first place the price has to break the zone from $30661 to $30804, when it does it has a second strong resistance zone from $30949 to $31150. The CHOP index indicates that the energy is starting to gather strength, the MACD is on the verge of returning to the local uptrend, and the RSI after a strong recovery shows that there is room for price growth.
by cryptodailyuk
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
by TheSignalyst
16
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.
by cryptodailyuk
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.
by cryptodailyuk
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.
by cryptodailyuk