BTC Detailed Top-Down Analysis - Day 94Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
94 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 Strategies Are Good; If Managed Properly!
~Rich
T-series
BTC Detailed Top-Down Analysis - Day 93Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
93 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 Strategies Are Good; If Managed Properly!
~Rich
BTC Detailed Top-Down Analysis - Day 87Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
87 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 Strategies Are Good; If Managed Properly!
~Rich
BTC Detailed Top-Down Analysis - Day 85Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
85 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Detailed Top-Down Analysis - Day 74Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
74 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Detailed Top-Down Analysis - Day 60Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
60 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Detailed Top-Down Analysis - Day 58Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
58 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Detailed Top-Down Analysis - Day 46Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
46 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Detailed Top-Down Analysis - Day 43Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
43 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 Strategies Are Good; If Managed Properly!
~Rich
BTC - Reviewing My Previous 5 Ideas As A Practical Example! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I thought it would be a great idea to put my last 5 picture ideas together as a practical example.
As this amazing platform @TradingView is all about learning and sharing. So let me know if you like the idea to apply it on other instruments.
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1) BTC - Are You Ready? You Better Be!
Analysis: we were waiting for break above or below the range.
Result: The bulls took over by breaking the range upward. So we are now bullish.
2) BTC - Make or... Break!
and
3) BTC - Prepare for Takeoff OR Brace for Impact!
Analysis: after the bulls took over, we then entered in a correction phase (short-term bearish) and were waiting for the next impulse movement to start.
Result: The bulls took over by breaking above the flag (short-term) and last orange high (medium-term)
4) BTC - 28K See You Soon! ETH Analysis inside
Analysis: After breaking the last orange high, we expected a correction till the lower bound of the red channel to look for trend-following buy setups.
Result: BTC rejected our red trendline and gray zone and we are currently looking for the next impulse to start.
5) BTC - Dear August, Be Good! ETH Analysis inside
Analysis: this analysis was made yesterday, so not much to add here.
We are still waiting for the bulls to take over by breaking above the last high highlighted in orange.
Meanwhile, the bears can still kick in and break the channel downward, in this case we will be expecting a short-term bearish movement because the last major low (as highlighted on the chart) wouldn't be broken yet.
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These are my last 5 picture ideas. If they are not enough, I am also posting daily video updates as a series "Bitcoin in 1 Minute" so feel free to check it out.
And I will be here if you have any questions.
And always remember: All Strategies Are Good; If Managed Properly!
Good luck!
~Rich
~Richard Nasr
~theSignalyst
Bitcoin Detailed Top-Down Analysis - Day 41Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
41 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 37Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
37 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 35Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
35 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 29Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
29 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 25Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
25 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 24 - Picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
24 out of 500 days done.
First, I want to apologize as I couldn't make a video today.
But here is a quick update:
As mentioned yesterday, we are around the upper bound (red zone and upper brown trendline) so we are expecting the bears to take over.
The confirmation that the bears took over was after breaking below the highlighted low in gray.
For now, we will be overall bearish as long as we are trading inside the orange channel.
The next possible support would be around the lower orange trendline / blue trendline and 20k (purple circle zone)
If broken downward, then a movement till the lower bound (red zone) would be expected.
For your reference:
You can check yesterday's video here:
And my view from a long-term perspective here:
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 23Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
23 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 Strategies Are Good; If Managed Properly!
~Rich
Bitcoin in 1 Minute - Day 20Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
20 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 Strategies Are Good; If Managed Properly!
~Rich
ETH raises $10 billion in Series A Ethereum Push Notification Service (EPNS), a decentralized correspondence layer for the crypto space, has brought $10.1 billion up in a Series A financing round to extend its Web3 informing abilities past the Ethereum blockchain.
Cryptographic money framework outfit Jump Crypto drove the subsidizing round with interest from Tiger Global, ParaFi, Polygon Studios, and Wintermute. Different financial backers included Sino Global Capital, Harmony Foundation, and Zebpay, among others.
As indicated by Thursday's declaration, the EPNS Series A puts the undertaking's valuation at about $131 billion. The undertaking brought $1.41 billion up in seed financing in late 2020.
Solana TVL and price drop 50%+ from ATHSOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful.
2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana's (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date.
Solana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL tokens in circulation. Multiple reasons can be identified for the underperformance, including four network outages in late 2021 and early 2022.
The latest incident on Jan. 7 was attributed to a distributed denial-of-service (DDoS) attack, causing Solana Lab developers to update the code and consequently reject these types of requests.
However, investors are more concerned about the centralization caused by the costs of being a Solana validator. To achieve 400 millisecond block times, the recommended hardware includes a 12 core 2.8GHz CPU, 256 GB memory, high-speed 1 TB SSD drives and a low-latency internet connection.
Solana's primary decentralized application metric started to display weakness earlier in November after the network's total value locked (TVL) began to linger at $15 billion.
The chart above shows how Solana's decentralized application (DApp) deposits saw a 50% decrease in three months as the indicator reached its lowest level since Sept. 8. As a comparison, Fantom's TVL currently stands at $9.5 billion after doubling in three months. Another DApp scaling solution competitor, Terra (LUNA), saw an 87% TVL hike to $23.2 billion.
On the bright side, on Feb. 21, FTX.US, the American arm of the global crypto derivative and spot exchange FTX, announced a new blockchain gaming unit. It is also worth noting that Solana Ventures partnered with FTX and Lightspeed Venture on Nov. 5 to launch a $100 million fund dedicated to the sector.
To confirm whether this drop in TVL should be concerning, one should analyze DApp usage metrics. Some DApps are not financially intensive, so the value deposited is irrelevant.
As shown by DappRadar data, on Jan. 28 the number of Solana network addresses interacting with decentralized applications dropped by 18% on average. The only positive change was Solend, an algorithmic lending protocol.
The decreased interest in Solana DApps was also reflected in its futures open interest, which peaked at $2 billion on Nov. 6 and was recently hit with a steep correction.
The gaming sector could be a surprise factor
Even though Solana has been hit the hardest compared to similar smart contract platforms, there is solid network use on non-fungible tokens (NFT) marketplaces, as measured by Magic Eden's 178,820 active addresses in the last 30 days.
Moreover, Solana Ventures' bet on the gaming sector could further showcase the network’s processing capacity. For instance, games represent half of the top 10 DApps across every blockchain covered by DappRadar. That includes Splinterlands, which has 578,280 active addresses and Alien Worlds which has 544,900.
The above data suggests that Solana is losing ground versus competing chains, but holders are not concerned because 74% of the coins are still locked in staking. As long as Solana Labs' partnerships and investments continue to show potential, there is little reason to be bearish on SOL.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Fibonacci retracement say's no!When they were young they were the heart-throbs of the cyberpunk community but at 68, after several rounds of plastic surgery and botox, nanotechnologies and brain-computer interface updates the freakish Bogdanoff twins are now on the path to destroy crypto market without survivours. Why? Because after the crash there will come the new era of enlightenment and unprecedented technological progress lead by Bitcoin SV. Or HEX... there's always a chance that HEX will bring 39 000 000 % return in next 6 days.
– SATOSHI NAKAMOTO whitepaper, page 72