Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook:
Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500.
The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.
Blockchain
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook:
With prices trading in a relatively narrow range, Bitcoin penetrated our exhausted completed Inner Coin Rally 37800 and is heading towards the Next #1 Outer Coin Rally 39200 and beyond. On the downside, the intermediate down target is Mean Sup 37300. The subsequent squeezes will likely be significant and turbulent once the market successfully achieves these Outer Coin targets.
#BTC/USDT 2D (ByBit) Rising wedge breakdown and retestBitcoin is facing historical supply zone and seems likely to get rejected on it, especially with that overbought RSI.
Probably wise to hedge short towards 100EMA support for the months to come.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.9%
Current Price:
33884.4
Entry Zone:
34464.6 - 36135.0
Take-Profit Targets:
1) 30982.8
1) 27731.6
1) 24480.3
Stop Targets:
1) 38912.3
Published By: @Zblaba
CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.9% | +85.8% | +122.6%
Possible Loss= -40.9%
Estimated Gaintime= 2-5 months
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook:
Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it.
On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market.
On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.
SOL 🎵 Playing Out LoudHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Weekly : Left Chart
📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase.
H4 : Right Chart
📈 From a medium-term perspective, SOL is still bullish trading within the green rising broadening wedge.
📉 SOL will remain bullish and we will be looking for trend-following buy setups after every correction, unless the 50.0 support is broken downward, in which case a bearish correction would begin.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
dYdX's (DYDX) Buying Momentum DecreasingdYdX (DYDX)
DYDX has surged more than 200% over the first three weeks of November. This growth is primarily linked to the cryptocurrency project's recent launch of its own blockchain, which increased the visibility of the dYdX exchange and boosted the demand for its token.
At present, DYDX is trading between a support zone of $2.80-$3.15 and a resistance range of $3.50-$3.75. A slightly higher seller's zone is observed at $4.00-$4.35. Testing this higher range is seen as the next step in maintaining the upward trend. Nevertheless, the likelihood of reaching a new yearly high seems uncertain due to the gradual waning of the buying momentum.
In the event of a correction, DYDX could potentially fall back to support levels of $2.15-$2.40 and $1.8-$2.0. It's also crucial to consider fundamental factors, such as the significant unlocking of DYDX coins that took place at the beginning of November. In a scenario where the price drops, the market might witness a substantial sell-off of coins, which could further negatively affect the asset's price.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future.
Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.
XRP - Impulse - Correction - Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to my latest analysis (attached on the chart), we expected XRP to reject the 0.7345 zone.
This week, XRP entered a correction phase, and it is currently approaching the support zone.
🏹 For the bulls to regain control and initiate the next impulse movement, we need a break above the red channel and the last major high.
Meanwhile, XRP would be bearish, trading inside the falling red channel, and could still move lower to test the 0.55 support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AVAX EXPLOSIVE Growth Potential - DAPP BuilderPlease Excuse the audio, I have a version on my Youtube with far better audio, for some reason, my computer won't let me select my Microphone. You can find our youtube link in our trading view bio
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
BCH - Still Strong ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BCH has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, BCH is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a demand zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BCH approaches the lower red 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
DOGEyyy-Doo, Where Are You🐕Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 DOGE has been overall bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.
Moreover, the 0.05 - 0.055 is a strong demand zone.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As DOGE approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
🔎 From a long-term perspective, for the bulls to take over, we need a break above the last major high around 0.084 highlighted in blue.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Macro View 🌐Hello TradingView Family / Fellow Traders,
📈 Following the rejection of the 25,000 support, BTC experienced a significant 50% surge , forming another bullish impulse that confirms the ongoing upward trend.
Consequently, we've identified and outlined a rising channel in orange.
BTC is currently approaching the upper boundary of the orange channel, coinciding with the 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📉 Meanwhile , considering BTC's proximity to a formidable resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 25,000 to 30,000 range.
This scenario's confirmation would depend on lower timeframes, especially if a bearish reversal setup is triggered.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
All Eyes on ETH 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the lower boundary of the red wedge pattern, ETH has displayed bullish behavior.
However , it is currently approaching a robust resistance zone between 2150.0 and 2300.0, intersecting with the upper red trendline, thus acting as an overbought zone.
To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
📉 Conversely, as long as ETH trades below 2300.0, the possibility remains for bears to initiate a correction, with confirmation likely on lower timeframes.
Monitoring the price action around this key level will provide valuable insights into the market direction.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TOMO serving a Coffee Lungo CupBINANCE:TOMOUSDT
Dear Listeners, Readers and Grey haired on their 30's, welcome to my first TV page. I've been on a regular TV but it's time to move on, right?
You will see these posts as Andrii Vision's, but sometimes I think my second name should be Groening. IYKYK.
So, let's go to the topic.
Shortly: OMXSTO:TOMO : $0,9 BUY, $2,9 SELL
Ok, the signal lovers has already got for what they've been looking for, now more details for the deeper audience that I'm eager to gather here (If you know such people, just subscribe, comment, share your thoughts, let's create the better future together)
I really appreciate when the projects think long terms, use philosophy and heading to the guiding light that is creating the better world. And from what I can see and read, TOMO is the one. Besides the Blockchain, they've JUST (21st Aug) started TOMO Foundation, where you can read all the vision they have and the reasons of it. As well as they've began an ambassador's program, so they'll be shilled hard in the coming months.
As all of their tokens are already distributed (apart of those that are distributing as the block rewards to the miners) and the project started its path on 2018, their technicals are kind of repeating their vision's mechanics and forming a very long going structures.
As of now, I see such a huge Cup, that its handle take 4 months to be fully sculpted.
Zones of entering:
- Now (If the handle is actually the ascending triangle, not a flag)
- At $1-0,9 zone, if there will be a change to buy in
All of above, Foundation, Ambassador program, their activity on web just adds confidence into my words.
Share your opinions here, would love to see your takes or some more info about the project, too. Or, if you want me to become your ambassador, dear TOMO TEAMO, you know where to find me :)
TRX is a Beast 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 Unlike many altcoins exhibiting high volatility, TRX has demonstrated steady upward movement throughout the entire year.
This bullish trend is engulfed within the rising broadening wedge pattern outlined in orange, currently approaching the upper boundary marked by the orange trendline, serving as a non-horizontal resistance.
Additionally, the zone between 0.105 and 0.115 presents a robust resistance level.
📈 To maintain long-term control, the bulls must breach the 0.115 resistance.
If successful, a movement toward the subsequent resistance level at 0.14 can be anticipated.
📉 Conversely, as long as TRX trades below 0.115, there is potential for bears to instigate one more correction (confirmation needed on lower timeframes).
In such a scenario, we should be vigilant for trend-following buy setups as TRX approaches the lower boundary of the orange trendline.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
BTC - Top-Down Analysis 📹 From Macro to MicroHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
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
XRP - MarkUp Phase Started 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase.
📈 For the bulls to maintain control , we need a break above the 0.7345 resistance highlighted in blue.
📉 Meanwhile, XRP could still face rejection at the resistance , which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Rest assured that the cryptocurrency has triumphantly bounced above our completed Inner Coin Rally 35000, indicating a promising upward trend towards Inner Coin Rally 36300 and beyond. However, the intermediate price action is currently posing to move lower towards Mean Sup 33600; it is only a matter of time before it regains momentum and surges higher.