LINK - Once A Castle; Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase.
Now we are expecting the MarkUp to push higher till the 18.0 resistance.
on H4: Right Chart
The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward.
In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Blockchain
BTC - The party has just Started 🎊📹Hello 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
Next bull market starts by March 2023Hi fellow cryptopians and crypto enthusiasts. I am going to make a fairly bold claim here today.
First off we have a bitcoin hash ribbon buy signal quickly approaching us (within two weeks) which could pump us to 50k. If this does happen it should be followed by a correction that gets boring for 4 to 5 months and should spark the new bull run by march 2023 the latest.
This analysis should not be taken as financial advice as it's just for fun but lets follow and see where it leads.
Having said all that I do believe the bottom is in and we are a very strong accumulation until march or mid next year.
*
Patience is key to success*
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week, Bitcoin saw a surge in price, reaching Inner Coin Rally 29300 and Mean Res 29700. The next target is the Inner Coin Rally 30900 and a retest of the completed Outer Coin Rally 31700. However, it is essential to note that there may be some intermediate pullbacks along the way with the main target Mean Sup 29000.
XRP 6.62% Growth (SEC Drops Lawsuit)!XRP has gained 6.62% growth within the last 24 hours, on the back of good news that the SEC (Securities Exchange Commission) drops their lawsuit against two Ripple Labs executives. The original charge claimed that the blockchain company violated U.S. security laws by selling unregistered securities. The SEC is now taking back that claim.
From a technical stance, this should give XRP buyers the opportunity to take out the previous, pending liquidity sitting at $0.55 which is another 5.90% growth from current market price.
BTC - Critical Zone / Period ❗️📹Hello 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
Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊
The Mining Equation:
Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰
RIOT and Bitcoin: A Comparison:
When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀
What to Watch For:
Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price.
Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations.
Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability.
Conclusion:
The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks.
The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions.
❗️Get my 3 crypto trading indicators for FREE❗️
Link below🔑
BTC - Critical Resistance ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is currently hovering around a strong resistance zone and round number 28,000.
📈 For the bulls to remain in control, we need a break above 28,500.
In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected.
📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern.
However, the bulls would remain in control medium-term as long as the lower red trendline holds.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
XRP - Are You Ready?⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After breaking below 0.55, XRP has been in the making of an Accumulation phase ranging between 0.45 and 0.55 for a couple of month.
The 0.5 zone is also a strong demand and support zone from Weekly timeframe.
📈 For the bulls to take over, and start the Markup phase, we need a daily candle close above 0.55.
📉 Meanwhile, XRP would be consolidating and can still test the lower bound of the range where we will be on the lookout for short-term buy setups.
📚 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 Oct 13, 2023Technical Analysis and Outlook:
This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.
ETH - Prepare for Takeoff ✈️ OR Brace for Impact 🛩Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
ETH has been overall bearish trading inside the red falling broadening wedge pattern. However, it is currently approaching the lower bound / red trendline.
Moreover, the 1500.0 is a strong support, demand and round number.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 1500.0 and lower red trendline.
on H1: Right Chart
ETH is also bearish from a short-term perspective trading inside the falling blue channel.
📈For the bulls to take over, we need a break above the last high in blue.
Meanwhile, ETH would remain bearish and can still test the 1500.0 round number.
📉If the 1500.0 is broken downward from Daily timeframe, expect long-term bearish continuation!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world.
Here are a few reasons why Litecoin might be considered an undervalued asset:
Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases.
Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments.
Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection.
Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features.
Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness.
Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions.
Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant.
Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward.
Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers.
Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts.
As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market.
What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below!
Always sincerely with You,
Yours, Kateryna💙💛
BTC - What Next ❗️📹Hello 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
BTC - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
This week, BTC rejected the 28,000 resistance and is currently trading lower, so the bears are in control from a short-term perspective.
However, the overall bias is still bullish as BTC is still trading inside the rising channel in orange.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange 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(BTC/USD) Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
As stated in the Bitcoin Daily Chart Analysis for the Week of September 29, the upward trend continued throughout the week's trading. Presently, the cryptocurrency is prepping for a surge towards Inner Coin Rally 29300, which will be followed by a decline to 28000.
Steve's NVTHV calls are 100% on BTC big movesThis indicator is the Steve's NVT HV. It's a private indicator.
It follows the HISTORICAL VOLATILATY and the NETWORK VALUE OF TRANSACTIONS. This indicator is 100% accurate on finding bitcoins major moves, both up and down.
The way it works is very simple, on the one week only...
The movement of the line is the volatility. once the volatility reduces to under the yellow line and then pops back up above it, it means volatility is coming, but you we don't know which way. The color say the direction. if it's white then prices plummet, if red then prices will go up. It doesn't' matter what color it is upon entry, on the the exit matters.
So, take a look at it 's historical accuracy
so it's saying that a big move is coming.. but where ? we don't have confirmation yet, but it will flash here in the next week or two. So we wait..
leave a comment if you are interested in this indicator, I can point you in the right direction.
Thanks for peeking,
WeAreSatoshi
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated.
Stronger to weaker
RED
ORANGE
GREEN
BLUE
Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength.
* Bear markets are buyers markets, Bull markets are sellers markets*
PS: The arrows are only examples
Once again... thanks,
WeAreSat0shi
Stay Blessed!
ETH - Wait For The Bulls 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As mentioned yesterday, ETH is approaching a strong support zone so we will be expecting the bulls to kick in around the blue circle zone as it is the intersection of two rejections.
on H1: Right Chart
For the bulls to take over short-term, we need a break above the last high in blue.
Meanwhile, ETH would be bearish and can still trade lower to test the 1600.0 support in red.
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 - Longing For One More Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting the 1500.0 support zone, ETH has been overall bullish trading inside the rising wedge in blue, and it is currently approaching the lower bound of the wedge.
Moreover, the zone 1600.0 is a support zone.
🏹 So the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As ETH 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
BTC - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Bitcoin has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 27,000 is a demand zone.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As BTC approaches the lower orange 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
BTC - The Bulls Are Back 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my last BTC analysis, we know that the bulls took over by breaking above the 26,500 high.
📈 For now, the bulls remain in control and we are expecting a movement till the 29,000 supply zone in orange.
📉 Unless the bears manage to take over by breaking below the 27,800 support in red. In this case a movement till the 27,000 demand zone in blue would be expected.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 29, 2023Technical Analysis and Outlook:
Sliding down from Mean Res 27200 was this week's trading order. Following the rebound from the newly created Mean Sup 26200 and completed Inner Coin Dip 26000, the upside move is ongoing. Nevertheless, there is also a chance that the market may fall to Mean Support 26500 before resuming its upside movement.
ETH - Bulls Are Strong 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Based on my last ETH analysis, we know that the bulls took over by breaking above the 1610.0 resistance.
📈 Now we are expecting a movement till the 1700.0 resistance.
📉 The bulls will remain in control, unless the last low 1650.0 is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich