005. More evidence of multidimensional market structureWith this video I intend to close my argumentation of a multidimensional market structure
Tools that casts Fibonacci shadows and limits on price movements can be plotted in so many places! Where to plot them?!
This is a common doubt traders have. When we gain experience from market we understand it doesn´t matter. Price will eventualy hit the targets of a chosen set up - if the trend alows it!
This proves my point that there is in fact many more axis of information beyond price movements, and although they cannot be plotted in a 3D chart, we can get those extra dimensionals
And here comes indicators:
This indicator you see is called 'DTM DETONATOR B', really, the best tool I have found to this day. As it dissects through several extra dimensions of price structure, we can forsee direction changes of price trend
This indicator can be found as a paid indicator through the link in my profile and it is free if you sign up to the trading course
I have personaly attended to the the Day Trade Masters couse, definately the best trading course you will find out there as will you leart how to master this increadible tool too, the Detonator.
If you found this information useful, be kind to use my referal link above, thank you!
Trend
SBIN looks like buy on dipsThere was a strong bullish breakout in the Daily chart of SBIN on the 25th April. This resistance now becomes a support at 793 which was respected yesterday.
The candle made today isn't very strong but the trend is clearly bullish.
My idea would be to buy with SL below 793 and targets of 830 and 850.
Educational purpose only
This is absulutely crazy!What a beautiful bull flag we have here! This token $BTAF is going to be launched on BitMart next 15th of May
We have a initial target of more than 4x for the next weeks !
The target confluences with the top Beam Band also, giving more confidence on this trade. It is a very good alignment with technical and fundamental analysis
$BTAF is the utilitary token of "Bitcoin Trend and Forecast" community, that uses proprietary AI algorithm to forecast price targets and chart patterns on the market. You just need to check it out, because it is life changing for any trader!
I appreciate the use of my referal if you buy any product (like indicators or analysis) or course there!
Cheers!
Bearish trend breakdown in the daily chart of HDFC BankAnother breakdown in the daily chart of HDFC Bank.
It has respected support at 1480 but we may see a dip if the same is broken.
There is a sort of a double top pattern made before the breakdown which makes me bearish.
Can sell for targets below 1420.
Educational purpose only
EURUSD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher.
What's next?
📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the upper bound of the wedge pattern.
Moreover, the green zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
USDJPY - Still Bullish Long-term 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower.
What's next?
📈 USDJPY is still overall bullish , trading inside the rising channel in red.
At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDJPY is hovering around the blue 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
USDCAD - TRIO RETEST 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish , trading inside the rising channel in blue.
At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong resistance turned support highlighted in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines.
📚 As per my trading style:
As #USDCAD approaches the lower blue 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
Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Gold - Decision Zone ⚠️⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Gold has been overall bullish medium-term (daily) and long-term (monthly) trading within the rising channels and wedge patterns in blue and orange respectively.
Currently, #XAUUSD is hovering within a narrow range marked in red.
Scenarios:
1️⃣ Bullish Continuation
For the bulls to regain full control, a break above the upper bound of the red range is needed.
In this case, a movement towards the $2500 resistance zone would be expected.
2️⃣ Bearish Correction
In parallel, if the lower bound of the red range is broken downward, we expect the bearish correction towards the $2160 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPNZD - Wait For The Beast 🎶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPNZD has been overall bullish , trading within the rising channel in blue.
Currently, GBPNZD is in a correction phase, approaching the lower bound of the channel.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #GBPNZD approaches the blue 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
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red.
Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline.
Moreover, it is retesting a strong support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #OP approaches the blue 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
IS BTC READY FOR NEW INCREASE TO 68KBitcoin seems the last day in a broken downtrend with here and there what stability.
There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume.
The trend of now.
BTC trying to find the right way to get out to new building volume, out of the playing trend.
Can this weekend have a new change since we are by the key level that's exactly what we will follow if BTC can break the key level
l of 65K with a high chance of 68K
There is always a chance there will be manipulation volumes, it depends on building volume and that's hard to count. small changes can always be targeted, its BTC.
For day traders, there change noting, since day traders trade depending on what the market shows, this can be short or long at any time.
This is not trading advice, markets going on their way.
PRCL NEW INCREASE VOLUMEThe last data shows that PRCL has a new increase possibility, for this reason, follow this coin to see if it's able to get a confirmation for the next levels that are added to the chart.
Trading can be very risky with no plan and the right risk management.
This update is only a view.
GBPUSD - Following The Trend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPUSD has been overall bearish , trading within the falling channel in red.
Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a supply zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green supply zone.
📚 As per my trading style:
As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
BTC ON WAY TO 68KThis is a small time frame update with the possibility we are going to see BTC soon to $68
BTC should hold the 61K level with confirmation.
For day traders , BTC can change more times per day per time frame up and down.
This update is more for trend choice trend.
This update is a trend view and finance advice.
Market Direction using SPY historical trend patternsFrom a technical perspective, there hasn't been a definitive signal indicating a trend reversal for the SPY 500. Back in May to October 2023, the SPY exhibited a clear "M" pattern or double top, experiencing a drop of approximately 5%, retracing back, and then dropping around 10%, forming the M pattern.
If we compare this M pattern with the current price action, we observe a striking resemblance in the market behavior, as the price retraces from a similar percentage drop of around 5%. The question arises: Is the market genuinely recovering, or are we merely witnessing the formation of another M-shaped pattern!
BTC DAILY UPDATE TIME FRAMEBTC NEW daily Time frame update.
BTC seems to enter a new green time frame trend for the low time frame.
This time frame expects shows for the low time frame green view for BTCUSD.
This is not a long-term view but a low-time frame daily view which could change when the trend gains a new range.
BTCUSDT changes with time frames UP and DOWN the key is to be consistent and to manage the risk for daily traders. There is no guarantee in the markets, in the end, the trend can go all sides. good study(system) and the right risk management give it an edge.