BTC Building Blocks...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC Building Blocks:
📈 Short-Term Bullish:
BTC is currently trading within a short-term bullish block.
📈 Long-Term Bullish:
If the $108,500 level is broken to the upside, BTC is expected to enter a long-term bullish block, initiating a new bullish phase toward the $125,000 mark.
📉 Short-Term Bearish:
If BTC breaks below the short-term bullish block at $100,000, it will enter a short-term bearish block phase.
📉 Long-Term Bearish:
If the $90,000 level is broken to the downside, a long-term bearish movement toward the lower bound of the long-term bearish block, around the $75,000 mark, is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Block
BTCUSD | 1D SMC Short Setup with Refined SL and TargetsDescription:
This analysis identifies a high-probability short opportunity for BTCUSD on the 1D timeframe using the Smart Money Concepts (SMC) framework. The chart shows clear bearish confluences, including market structure, supply zones, liquidity levels, and Fibonacci retracement zones. I believe the current bullish momentum is merely a manipulation driven by inflation news and the upcoming Trump inauguration. Following these events, I anticipate a significant market correction. Here’s the detailed breakdown and trade plan:
Analysis:
Market Structure:
Break of Structure (BOS): Price has confirmed a bearish trend with BOS to the downside, signaling a continuation of lower highs and lower lows.
Trendline Resistance: A well-defined downward trendline indicates selling pressure, reinforcing the bearish bias.
Key Zones and Liquidity:
Supply Zone: Highlighted in purple at $102,000-$104,000 . This zone represents an area where strong selling previously occurred, creating an imbalance.
Golden Zone (Fibonacci Retracement): Located around $101,000-$103,000 , this area aligns with the 61.8%-78.6% retracement levels and offers a high-probability reversal opportunity.
Weak High: The high near $104,000 represents untapped liquidity, which smart money may target for a liquidity grab before reversing lower.
Equal Lows (EQL): Around $92,000 , these act as a bearish target where liquidity rests, aligning with the continuation of the bearish trend.
Confluences for Short Entry:
Price is approaching the supply zone and Fibonacci Golden Zone , indicating a potential reversal point.
The weak high may trigger a liquidity grab to entice buyers before sellers regain control.
Previous BOS and trendline resistance add further validation to the bearish bias.
Trade Plan:
Short Entry Setup:
Entry Zone: $102,000-$104,000 (inside the supply zone and Golden Zone).
Stop Loss (SL): $105,500 (above the supply zone and imbalance to account for liquidity grabs).
Take Profit Levels:
TP1: $97,000 – Close partial profits at this imbalance mitigation level.
TP2: $92,000 – Target the equal lows and resting liquidity.
TP3: $88,000 – Final target near the blue demand zone for maximum reward.
Risk-Reward Ratio:
With the entry at $103,000 (midpoint of supply), SL at $105,500, and TP at $92,000, the trade offers a 1:4 RR or better, depending on execution and scaling.
Additional Notes:
Monitor the price action closely as BTC approaches the supply zone for confirmation, such as bearish candlestick patterns or lower timeframe CHoCH (Change of Character).
Scaling into the trade in smaller portions across the supply zone can improve overall entry precision.
Adjust stop loss or take profit levels as market conditions evolve
Block (SQ): Preparing for a Breakout Year in 2025NYSE:SQ is shaping up to either become one of the top picks for 2025 or face a potentially challenging year ahead.
From the monthly chart, NYSE:SQ has mostly traded between $100–$35 since its IPO in 2015. While the $35 level seems unlikely to be revisited anytime soon, the current focus is on reclaiming the Value Area High (VAH) at $100. Success here could trigger strong percentage gains over the next few months.
We’re adopting a cautious approach, closely monitoring the chart. On the lower time frame, NYSE:SQ is sitting in a key support/resistance zone (highlighted as a yellow box). Ideally, we want to see a break above the Value Area Low (VAL) and the completion of a smaller 5-wave cycle, marking the end of wave (i). A bearish divergence on the RSI at this stage would add confluence. Following this, a pullback could provide the perfect entry point for a long position.
At this time, we haven’t placed a limit order. A break below $55 would be a critical red flag, suggesting potential bearish developments, though this scenario seems unlikely without unexpected negative news.
Block $SQ Weekly Chart Break Out🚀 **Block ( NYSE:SQ ) Weekly Chart Breakout!** 🚀
Block's weekly chart signals a bullish breakout, hinting at potential upside momentum. Watch for confirmation as key resistance turns to support. Eyes on the next price targets! 📈
#SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
Block text book inverse head and shouldersThe weekly chart of Block, Inc. (SQ) displays a textbook inverse head and shoulders pattern, a classic bullish reversal setup. After consolidating within a range for an extended period, the price appears to have broken above the neckline, signaling potential upward momentum. The target range, indicated by the blue zone, aligns with historical resistance levels.
Key observations:
• Neckline breakout confirms the pattern.
• Support levels to watch: $86.83 and $88.16.
• Potential 🎯 Target: $198.06, aligning with previous highs.
• Indicators such as RSI and Ichimoku Cloud complement the bullish outlook.
This setup suggests a favorable risk-to-reward ratio, but patience is key.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Always perform your own research and analysis. Past performance does not guarantee future results.
Crypto Stonks Are Booming! Top Crypto Stocks to Watch NowFrom Memecoins to Mega Stocks
While crypto traders have been focused on finding the next big memecoins like Doge , crypto-related stocks have also been performing well this year. In today’s analysis, we’ll dive into some crypto related stocks you might want to keep an eye on
1. Coinbase ( NASDAQ:COIN )
First on our list is Coinbase, the top US crypto exchange with a market cap of $48 billion. Since its IPO in April 2021, Coinbase has gained a reputation as a trusted exchange known for its regulatory compliance.
Besides its exchange services, Coinbase offers a self custody wallet popular among the crypto community, with over 10 million downloads. In February 2023, Coinbase launched its own layer 2 blockchain, Base , which has since recorded over $1 billion in total value locked and averages daily transaction volumes of over $400 million.
Coinbase has also played a part in advancing spot Bitcoin ETF approvals, forming a surveillance-sharing agreement with the Chicago Board Options Exchange in July 2023. Additionally, Coinbase partnered with **Stripe** in June to boost the global adoption of USDC. This partnership enables crypto payouts and a fiat-to-crypto onramp, making it easier for users to buy crypto with credit cards and Apple Pay through Coinbase Wallet. Coin is up over 350% since our first signal
2. MicroStrategy ( NASDAQ:MSTR )
Next up is MicroStrategy, with a market cap of $26 billion. Known for its business analytics software, cloud services, and AI-powered analytics, MicroStrategy is more famous for its Bitcoin holdings, driven by the advocacy of Executive Chairman Michael Saylor.
Under Saylor's leadership, MicroStrategy became the first public company to adopt Bitcoin as a strategic investment in August 2020, citing its potential as a store of value. The company accumulated over 121,000 BTC by late 2021 and continued adding to its holdings, despite price volatility and leverage risks. As of 2024, MicroStrategy’s Bitcoin holdings have reached 226,500 BTC, and the company’s stock hit new all time highs, demonstrating its strong correlation with Bitcoin's performance. Mstr is 100% up since our first signal
3. Block ( NYSE:SQ )
Formerly known as Square, Block is a fintech company founded by Jack Dorsey and Jim McKelvey, with a market cap of $38 billion. Starting with small-business payment solutions like Square POS, Block launched **Cash App** in 2013 to provide a user-friendly platform for consumers, competing with services like PayPal and Venmo.
Cash App generates revenue through transaction fees, subscription payments, and Bitcoin sales. It even supports the Lightning Network for quick Bitcoin transactions. Beyond payments, Block owns a majority stake in Tidal, a music streaming service, showing its diverse portfolio.
4. Robinhood ( NASDAQ:HOOD )
Lastly, we have Robinhood, with a market cap of over $15 billion. Founded in 2013 by Stanford graduates Vladimir Tenev and Baiju Bhatt, Robinhood became known for its free, user-friendly trading app, which gained significant popularity during the COVID19 pandemic
Robinhood found itself in the spotlight during the 2021 GameStop and WallStreetBets saga, where it faced backlash for restricting trades on memestocks like $GME. This led to a lawsuit and a $70 million penalty from FINRA for misleading customers and service outages. Despite this, Robinhood continues to grow, boasting 23.9 million funded accounts and nearly $130 billion in assets under custody as of May 2024.
Robinhood has made some notable moves recently, including acquiring Pluto Capital, which provides AI-driven investment advice, and securing a deal to acquire crypto exchange Bitstamp.
Wrap up
If you’re wondering about Bitcoin mining stocks, don’t worry we had a separate analysis just for that. Crypto Bull market just started and be ready for more analysis
which stock or crypto coins you are bullish now and why?
SQUARE is retesting the Inverse H&S before heading 80% higher! NYSE:SQ SQUARE (BLOCK) is retesting the Inverse H&S before heading 80% higher!
The trading gods have blessed us with a pullback to around $90ish, as requested. This is the retest of the Inverse H&S pattern.
-H5_L indicator is GREEN
-Already broken out of falling wedge.
-Launched off Volume Shelf and filling the GAP.
-Fintech is starting to run
-Stage 2 is just starting!
Buying more here!
🎯$110
🎯$149
🎯$162
NFA
High Five Setup Alert on Block $SQ !! 84% Upside!🔥 Square ( NYSE:SQ ) Ready to Skyrocket! 84% Upside! 🚀
I posted this earlier, but a couple of people requested a video analysis on Square (BLOCK), so here it is; enjoy!
📢 High Five Setup Alert on Block ( NYSE:SQ )!
My H5 Indicator is flashing green, signaling a prime opportunity to take a position in SQ!
Key Highlights:
Bullish Breakout: We’ve broken out of the Bullish Falling Wedge pattern and successfully retested.
Volume Ignition: Launching off the volume shelf with a volume gap to fill, setting up for a powerful move.
📈 Price Targets:
Primary Target: $149
Main Move Target: $162
This setup is primed for action! Will you be adding
SQ
to your watchlist? Stay tuned for more insights!
👍 Like | Follow | Share 👍
Stay updated with weekly trade ideas using my HIGH-FIVE SETUP trading strategy. Don’t miss out on the next big move!
TWLO, rebalance to FVG, then make a bullish liquidity run So, my current analysis is built around a bullish bias on this chart. I’ve identified a few key elements that are lining up to potentially signal a strong move upward:
Bullish Block Breaker: First, I've identified a bullish block breaker. This occurred when the price broke above a significant resistance level, indicating a shift in market sentiment from bearish to bullish. This breakout suggests that buyers have taken control, and it's often a sign of a potential trend reversal or continuation to the upside.
Fair Value Gap (FVG): After the bullish block breaker, the price left behind a Fair Value Gap. This gap is an area of price imbalance, where the market moved too quickly and didn't allow for a balanced trading range. I'm looking for the price to potentially retrace into this FVG, as the market often seeks to 'rebalance' itself by filling this gap. This rebalancing process can provide a strategic entry point.
Bullish Order Block with 50% Retracement: Within the area where the FVG resides, I've also identified a bullish order block. This is an area of previous consolidation before the strong upward move. What adds confluence here is the 50% retracement level within this order block. This 50% level is crucial because it often represents a fair value area within the order block itself. Institutions and smart money traders often look to add to their positions around this level. So, if the price can hold above this 50% mark within the order block, it significantly increases the chances of a bounce.
Confluence Zone: The combination of the FVG, the bullish order block, and the 50% retracement level creates a strong confluence zone. This area serves as a potential support level where I expect buyers to step in if the bullish bias is to continue.
Looking for a Liquidity Run: After potentially rebalancing in the FVG and finding support within the order block at the 50% retracement level, I’ll be looking for the price to make a move towards a liquidity run. The target here would be key liquidity zones, such as previous swing highs or resistance levels. These are areas where stop-loss orders from short sellers or breakout orders from buyers are likely concentrated, acting as a magnet for the price.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Now analyzing the options chain and the chart patterns of SQ Block prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $3.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SOLOKING - 1H || TP1 5X, TP2 10X, TP3 100XThe currency is currently at a great discount, making it an excellent time to buy for those who want to strengthen their position. It’s considered the best entry point before prices go up. There are many buy signals, and the team behind the project is strong and hardworking. This is a long-term investment opportunity. The team has been working super hard and they just listed on Bitmart and on MEXC in less than two days after launch.
Key highlights about $SKING:
- Initial liquidity pool of 5,350 SOL ($700k+) has been burnt 🔥
- Minting and freezing accounts have been revoked
- No tax on transactions
- No team tokens
First Target: 5x
Second Target: 10x
Third Target: 100x
Final Target: 100x to 1000x (Open)
Reasons to Buy:
Oversold
Fibonacci Reversal
Strong Divergence
Hardworking Team
Bullish Falling Wedge
And More! Don't miss it
BLOCK (SQ): Major Buy Zones Identified Amid Potential Upswing!BLOCK (formerly Square) has experienced a significant sell-off since its all-time high of $290 in July 2021, dropping to a low of $37. This marked the completion of Wave 2 in its price cycle. Currently, we are observing two critical zones:
Must-Buy Zone : Between $33 and $51. Historically, the price has spent minimal but crucial time in this range, indicating strong market movement always follows a dip into this zone.
Okay-Buy Zone : Between $51 and $87. This broader range also saw significant accumulation periods, specifically from May 2018 to March 2020, and again from May 2022 to the present.
BLOCK's price dipped to the Must-Buy Zone recently but quickly reclaimed higher levels, suggesting a potential upswing. Additionally, a clear bullish divergence on the RSI (3-day chart) indicates a possible new momentum phase.
Potential Scenarios:
Retest and Reclaim : On the 12-hour chart, a retest of the high-volume nodes and Points of Control (POC) on the daily and 3-day charts might occur. If BLOCK retests these levels successfully, it could signify a sustained upward movement.
Dip and Buy Opportunity : Should the price fall below these POCs, another dip into the Must-Buy Zone could present an excellent long-term buying opportunity, especially if the RSI indicates oversold conditions aligning with these price points.
Given the bullish divergence on the RSI and historical support levels, there is a strong case for a potential upward movement. However, the risk of a further dip remains, making it crucial to monitor these levels closely for a strategic entry point.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTC still bearishBTC still bearish
Effective risk management is crucial for success in trading. It not only helps in protecting assets but also optimizes the performance of trading strategies. The difference between seasoned traders and novices often lies in how they manage risks. Mastering the art of mitigating losses while maximizing gains is essential for long-term profitability in trading markets.
ETH - Building Block 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏢 Imagine ETH is trading inside a building, and you are currently on the fourth floor.
📌 $3500 is currently your floor/support. For the bulls to take over, we need a break above $3600.
In this case, movement up to the ceiling at $4000 would be expected.
📌 Meanwhile, $3500 is the ceiling pushing the price down to the floor around $3000 - $3100.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitkey Revolutionizes Bitcoin Custody with New Hardware DeviceBitkey, the innovative self-custody bitcoin wallet developed by the Proto team at Block, Inc. (NYSE: NYSE:SQ ), is poised to transform the landscape of bitcoin ownership and management. With the commencement of shipping for its first hardware devices and the introduction of advanced security and recovery features, Bitkey empowers users worldwide to securely own and control their bitcoin assets. Let's delve into the groundbreaking developments and the impact they have on the cryptocurrency ecosystem.
Enhanced Security and Recovery Features:
Bitkey's mission is to simplify self-custody while prioritizing security and accessibility for users. The latest updates include innovative features such as Trusted Contacts, enabling users to designate trusted individuals who can assist in account recovery. Additionally, the Emergency Access Kit provides a fail-safe mechanism for recovery in unforeseen circumstances, offering peace of mind to users.
User Feedback and Testimonials:
Early adopters of Bitkey have lauded its simplicity and robust security measures. Jacob B. from Mexico praises Bitkey's user-friendly interface coupled with robust security, emphasizing its potential to onboard new users to the world of bitcoin seamlessly. Australian photographer Georges F. commends Bitkey's ease of setup and multiple notification systems, underscoring the importance of redundancy in safeguarding assets.
Seamless Integration and Accessibility:
Bitkey aims to bridge the gap between traditional fiat currencies and the bitcoin ecosystem. Through strategic partnerships with Cash App and Coinbase, users can effortlessly transfer and now purchase bitcoin directly from the Bitkey wallet. These partnerships represent the first of many planned integrations, signaling Bitkey's commitment to enhancing accessibility and usability for users worldwide.
Technical Analysis
Prior the news of Bitkey Shipping, Block share ( NYSE:SQ ) was up by 6.7%, with a Relative Strngh Index (RSI) of 70 ( NYSE:SQ ) is currently riding on the bulls.
Global Reach and Adoption:
With availability in over 90 countries, Bitkey is poised to democratize bitcoin ownership on a global scale. The rollout of hardware devices and the Bitkey app across app stores further expands its reach, enabling individuals worldwide to take control of their financial future with confidence.
Block $SQ - When will SQ flip to the upside?Block NYSE:SQ - Block has been consolidating in this 50% zone for some time now. We are looking to see if it can flip to the upside of that zone. If it can flip to the upside, then there is 250% potential move to the all-time high. Block is one to keep an eye on.