TERM
BTC/USD is about to break channel, but weekly shows otherwiseThis analysis is not intended to be a piece of financial advice.
BTC/USD is about to break the channel to change the course, but there remains a risk of being overbought between 21.7k and 23k area.
Would be mindful to trace and place limit sell whether it's a bull trap or reverse-course trap.
The indicators are tending to say overbought in a daily trade setup, but the weekly RSI and STOCH point towards an oversold zone for a weekly fresh start, meaning to reverse the course strongly or linger between 1k and 2k profiting to the swingers for a while.
DOA trading Strategy - SPY#SPY - For my long term people!
I know a lot of yall are asking me about my personal long term positions.
When I did my last long term projection of SPY back in March 2022
I said that SPY will hit $390 before June
We hit $383 May 2022 then bounced hard ✅
I've been out of my long term since March 2022 most of you probably remember that I've been shorting the market since end of March 2022 when we caught the 2nd drop from double top back in March.
I'm getting ready to enter on my long term if we hold at $360-$365 area
From what I'm seeing now, we are currently getting ready for a 3rd impulsive wave, and just finishing the corrective wave.
We should hit $360-365 before end of September
Then if we hold, I'm going shopping for long term!
Gold Retest for Bears!!Hello Traders!
✔XAUUSD Is Bearish and has been pushing towards the downside for the last couple days
✔Price has had an continuation for the downside to a key support level
✔RSI is in Sellers position so Seller has most control
✔Fib can test a continuation level such as 23.6% (or 61.8%) BE MINDFUL!
5568 PIP Analysis
What is the potential of the crypto market and Bitcoin?📈👀
As everyone gets used to crypto, big players and institutional investors are starting to adopt it.
For example, just today the CAR launched its national cryptocurrency, and Timberlane launched an animated monkey music video called BAYC, following Snoop Dogg and Eminem.
Let's examine the potential of BTC and crypto in general.
In the main picture you can compare the capitalization of different parts of the financial market.
The largest capitalizations are in forex, futures, and funds. Then, with a big gap, the other components of the market go, including crypto, with a current capitalization of only about $700 billion.
That is, the crypto can still get scammed)
Why isn't crypto being adopted faster?
First of all, because there is no stability in it. No matter how much crypto-enthusiasts talk about Bitcoin as the new gold, in reality it is a very speculative asset and most bitcoins are in the hands of private investors. States are afraid of what they don't control, so they don't invest in crypto, but rush to issue their own digital stablecoins.
- Except for El Salvador's, which everyone is laughing at (they've already bought BTC)
How much can a BTC be worth?
Bitcoin is the face of the entire crypto market, as it grows and updates historic highs, it attracts new investors and more people learn about it.
At the time of the bull run in 2021, at $69,000, BTC had a capitalization of just $1100 billion.
To reach the desired mark of $100,000, BTC needs a capitalization of about $2100 billion at the current turnover of 21 million coins.
Even if that happens, the crypto market will still be incomparably small compared to other parts of the economy and the potential is truly great. We are the pioneers of this industry, and as we know, it is the first ones who make the most profit.
Under what conditions will the BTC break through the $100,000 mark?
1. Adaptation
Cryptocurrency adaptation is when every third person will have a cryptocurrency wallet installed on their phone and will be able to use it to buy clothes or pay for groceries in the supermarket.
2. State stablecoins
The launch of digital national currencies will force people to adapt to the new reality and use blockchain in their daily lives. Many people will have to learn what crypto is and how to use it. At the same time, trust towards crypto will increase.
3. Education in schools
Just like now parents and teachers explain to children that every country has its own currency and that you can buy a piece of a company if you have money, in the future they will also have to explain that every country has its own stablecoin and you can buy a piece of some cool project on the blockchain.
Cryptocurrency - Blockchain - will absorb at least x10 liquidity from other markets, IT’S ONLY QUESTION OF TIME!
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 1D the green spot has confirmed from yesterday with bullish divergence at the same time but the stochastic Is still crossing down on the 1D. On the 4H It has come down to the 55 Ema it would be nice to see it bounce off that, If It does then I can see a bit more upside towards 21700.
BTC SHORT TERM - My short term target from yesterday was hit (20400) It's been rejected off that resistance and a red spot and the stochastic crossing down too. Like I said with with 4H as long as It stays above the 55 Ema i can see a bit more upside. Shorter target 21000.
BTC OVERALL - I think BTC will carry on this move upwards of at least 21000 if it stays above 19700.
Let me know your thoughts in the comments and like my idea!!
XRPOne and a half year later XRP/USD is back at its lows. No resolution with the SEC case, crypto bearmarket, war, interest rates and so on are the main reasons for this fall.
Considering the fact that in the BIS meeting it was told that CBDCs were discussed, I strongly believe that XRP and/or Ripple might have a role in this, so in order not to miss out I might fill the bag.
Trade safe :)
EURCHF - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Weekly: Left Chart
EURCHF is approaching a strong support and lower brown trendline acting as an oversold area so we will be looking for buy setups on lower timeframes.
H1: Right Chart
EURCHF is forming a channel in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it out trigger swing (projection in purple)
Trigger => Waiting for that swing high to form then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, EURCHF can still trade lower inside the support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSD Weekly Chart On the support area of the long-term channel trend line and the static support area of $18,000-20,000.
By observing the return signal candle (it can be a bullish engulfing in the weekly time frame), the probability of a trend change in the daily and 4-hour time frames increases.
Also, trend changes in 1-hour and 4-hour time frames can be signs of the beginning of an upward movement in daily and weekly time frames.