BTC - Detailed Top-Down Analysis ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
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
TECH
ETH - Long Story Long 📘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis (attached on the chart), we were looking for short-term buy setups around the Trio Retest circle in purple.
ETH rejected our zone and trading higher. Now What?
🏹 For the bulls to remain in control, and take over from a medium-term perspective, we need a third swing high to form around the upper red trendline and then a break above it (as highlighted on the chart)
📈 The bulls are clearly pushing and will remain in control UNLESS ETH breaks below the green support 1650
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bond Yields are mixed, longer term look better atm🚨🚨🚨#yields🚨🚨🚨
3M + 6M have been weak lately, we called them topping some time ago.
Will they turn soon?
1Y trading at recent highs and seems like it is trying to go higher.
2Yr looks like it wants to the recent test highs.
10Yr TVC:TNX peaked LONG ago!
Breaks white line, downtrend, likely trades higher.
Inverted yield curve thing of past?
#bonds #tech NASDAQ:NDX TVC:DXY
BTC - Trio Retest 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the daily chart for BTC to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the purple circle is a strong zone to keep an eye on:
1 => Overall Trend
BTC has been bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support.
2 => Demand Zone
The green zone is a previous resistance turned into support and a Demand Zone.
3 => Oversold Zone
BTC is bearish short-term trading inside the falling channel in orange and now approaching the lower orange trendline which I consider an oversold zone.
As per my trading style:
As BTC is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SPY HIT RESISTANCE. So, as I stated before, when spy was around 429, I said resistance is at 438 and low and behold not only did it hit 438 it actually went to 439 and that’s when I began to short the market. Remember be early to the party do not be the last person there Clearly what happened yesterday was not because of the fear speaking it was just something that was bound to happen sooner or later you must understand that 90% or more of the market is controlled by the wealthy. So what happens now it’s pre-market and we are back at 435 and incredible area of support Thursday this afternoon. Maybe the day where Speyer could potentially break this support and hit down even more as we go into witching on Friday to conclude this post the only thing that’s keeping Spy afloat is tech. Not to mention the Fed said later on this year they will increase rates again. The next witching dates are in September and December as I’ve seen time and time again when everyone is greedy, look elsewhere, and when everyone is fearful, look elsewhere..
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound.
Moreover, the zone 1.0 is a strong demand zone and round number.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline.
As per my trading style:
As OP is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
All Roads Lead to China $KWEB $CQQQNo government is performing at a higher level than China's. The biggest risk is they take Taiwan. If that happens any investment you have there could get frozen or could get banned or could get out right stolen. That said I think they take Taiwan by election eventually because even there it is close. There is a big pro China population in Taiwan most people do not talk about.
The upside is if over the next 20 years they become more rule of law, more into developing their own tech. Overtime the market will give them a better multiple and will gain trust in China. Trust right now is lower than its been in a couple decades. It might improve a lot over time depending on their policy and actions. Obviously they could also gain if there's more mistrust of the USA's rule of law if it goes that way in the next couple decades too.
Levels of Interest $GETA levels of interest for NYSE:GE
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
BTC - It is a Matter Of Time ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been overall bullish from a long-term perspective trading inside the rising channel in black.
BTC is currently in a correction phase as we had a break below the last major low in gray.
📉 If we compare the current gray low to the previous one, we know that the correction might only last for a couple of candles before the bulls take over again to start the next impulse movement.
🏹 The bulls would take over from a short-term perspective by breaking back above the gray low, and then remain in control for a bigger bullish movement after breaking the last major high marked in blue.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Nasdaq Futures Major Buy Zone on a correction$NQ_F Nasdaq Futures Weekly chart going back a decade.
The Nasdaq Futures have reached the upside objective for the cycle (earlier than expected).
If there is a correction from these levels (no sign of that yet, and no need to guess), I intend to look for buying opportunities at the Gray Zone if offered in June - September, for a move back up the range.
Zoom seems to be bottoming outZoom seems to be bottoming out below $100, making a great buying opportunity for higher highs above entry price of $100.
Oversold stochastic
Market Exhaustion to the downside of the RSI
Bullish divergence on the weekly time frame and more.
Target Price: $163 - $277 - $400 and higher in the months and years to come.
ETH - Make or Break Zone 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected the upper bound of the flat rising broadening wedge in orange and traded lower.
Now ETH is sitting around the lower bound / orange trendline.
Moreover, the blue zone is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
As per my trading style:
As ETH is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Meanwhile, ETH can still dive inside the support zone again or break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
APPLE Made a new All Time High! Can it extend the gains?Apple Inc. (AAPL) just made a new (historic) All Time High (ATH) today by breaking above $183.00 and is simply extending the rise on the Channel Up pattern that started on the January 03 2023 market bottom. At the same time it has already hit our short-term target (165.00) and is near completing our final target of 190.00. This is the target set we called for on our last Apple analysis on March 06 (see chart below):
The basis of this target is the 2.0 Fibonacci extension from the Right Shoulder of the Inverse Head and Shoulders (IH&S) pattern that priced the January bottom. The 1D RSI however has reached a level, the 76.50 Resistance, which since last August has caused two rejections. We do expect a rebound on the 4H MA50 (yellow trend-line) but if broken, be ready to add buys on the 1D MA50 (blue trend-line) which has been holding as Support since January 25. The long-term Support from now on is the 1W MA50 (red trend-line), which is traditionally the Support on new multi-month rallies such as the current one.
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Equal Weighted Nasdaq 100 Prepped to catch up with the Big CapsSo far it has been the big caps like Google, MSFT, AAPL, and NVDA that has carried the NASDAQ 100 up higher, but now we can see that the Equal Weighted NASDAQ 100 is getting ready to break through resistance after making a series of higher lows and it is likely going to target at least an 88.6% Fibonacci retrace. At this time, we may see the NASDAQ 100 itself trading at all-time highs.
QQQ OUTLOOK 06/05 - 06/09QQQ crushed it again last week, testing a breakout above the channel we drew last week. Investors will look at Apple’s press conference at WWDC 2023 (Monday at 1:00PM EST). It’s safe to say that whichever way Apple moves, NASDAQ:QQQ will follow.
Technical Analysis: Although we got 2 candle bodies to close above the bullish channel, we still have yet to have a full candle body with wicks close above the trend line. I do think we will have some sort of consolidation this week.
Bulls will want to see price action continue above last week’s open at 352.71. Last week’s .618 retrace is around 350, so look to see if dips will be bought at fib retraces. To the upside, we can target the gap fill above from 356.78-359.93.
Bears will have control if we cannot hold a consolidation within last week’s price range. If we lose last week’s low of 346.51, another significant golden pocket retrace can be found around the monthly level at 338.19.
Upside Targets: 354.65 → 356.78 → 358.97 → 359.93 → 362.54 Extended: 364.57
Downside Targets: 352.46 → 350.72 → 349.65 → 348.54 → 346.51
If we lose last week’s low:
Extended: 344.57 → 341.31 → 339.60 → 338.19 → 336.67
BTC - Short-Term and Long-Term View ⛳️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern.
Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups.
🏹 For the bulls to take over long-term, we need a break above the current major high in orange.
on H1: Right Chart
From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders.
🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected.
📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Critical Resistance Ahead 🗝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been slight bullish for the last couple of weeks trading inside the orange flat rising broadening wedge pattern.
📈 Lately, ETH rejected the upper bound of the wedge pattern and now retesting it again.
For the bulls to take over again medium-term , we need a break above the red resistance.
📉 Meanwhile , If / As ETH approaches the lower bound of the wedge pattern and blue support, we will be looking for buy setups.
Which scenario is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Adobe key positioning for the future of A.I made graphics.TA: Looking at interest levels and daily RSI, taking a long here is sub-optimal and has risk of drawdown. However, fundamentals back upwards momentum. Buy and Hold strategy here might be wise. Pivot line may yield a double top (A.I boom -> Burst) or could initiate further upwards momentum to new ATH's in which case TP2 and TP3 are the interest levels.
Fundamentals:
Adobe is a global leader in software, known for its Creative Cloud suite, which includes industry-standard applications like Photoshop, Illustrator, and Premiere Pro. The company has made significant strides in integrating advanced AI technologies into its products and services, which has contributed to its impressive financial performance.
A significant recent innovation is the integration of Generative AI and Adobe Firefly into Photoshop, marking a new chapter in Adobe's history. This innovation allows creators to use their natural language to prompt Photoshop to create extraordinary images with Generative Fill, a feature powered by Adobe's Firefly, a family of creative generative AI models2.
Adobe is also committed to ensuring its AI technology is developed ethically, focusing on accountability, responsibility, and transparency. They are developing a compensation model for Adobe Stock contributors and are taking steps to prevent artists’ names from being used in Adobe’s generative AI actions2.
In terms of their competitive advantage, Adobe's significant graphics dataset is instrumental. Adobe Stock, for instance, has a landmark dataset containing more than two million assets. Adobe has leveraged this immense dataset to train its AI technology, Adobe Sensei, to effectively detect landmarks in images submitted to Adobe Stock. This capability has been crucial for identifying and categorizing images and addressing any potential intellectual property issues with them3.
The integration of AI in Adobe Photoshop is demonstrated by the Generative Fill feature, which is powered by Adobe Firefly. Firefly is a family of creative generative AI models that are infused into every selection feature in Photoshop, and allows users to add content, remove or replace parts of an image and extend the edges of an image using natural language prompts. Adobe Firefly, which launched six weeks prior to the announcement I found, had quickly become one of the most successful beta launches in Adobe's history, with beta users generating over 100 million assets to date1.
For Adobe Stock, the company uses Adobe Sensei, their artificial intelligence and machine learning technology, to detect landmarks in the hundreds of thousands of images submitted by Stock contributors every week. This helps in categorizing images and identifying any potential intellectual property issues. Adobe's landmark dataset contains more than two million assets and the process of training the model to detect landmarks initially took around 7-8 days on a single-GPU machine. By switching to a multi-GPU machine and employing parallel computing, they managed to reduce the training time by 80%, bringing it down to 1-2 days without any impact on model accuracy2.
Adobe has further enhanced the value of its graphics dataset by adopting advanced machine learning techniques. To improve the efficiency of their AI training processes, they've transitioned from a single-GPU machine to a parallel computing approach with multi-GPU machines, resulting in a dramatic 80% reduction in training time without sacrificing model accuracy3.
Adobe's significant graphics dataset and its innovative application of AI technologies, as demonstrated in the integration of Generative AI and Adobe Firefly into Photoshop, contribute to its competitive advantage in the industry.
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.