BTC - Break or Make Zone ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
on Weekly: Left Chart
🏹 From a macro standpoint, Bitcoin has been predominantly bullish, characterized by higher highs and higher lows.
Moreover, BTC is currently positioned around a robust support level at the psychologically significant round number of 25,000.
📌 As long as the support at 25,000 remains intact, there is an expectation that the bulls may regain control at any moment.
As per my trading style:
I will be looking for bullish setups (like a double top pattern, trendline break, and so on...) to confirm the bulls takeover.
📌 However, it's worth noting that BTC still has the possibility of descending, potentially dipping into the range between 24,300 and 25,000, or even breaching this support level to the downside.
on H4: Right Chart
For the bulls to take over medium-term, we need a break above the last high in red at 26,450.
Meanwhile, BTC can still trade lower, dive inside the green support or even break it 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
Blockchain
ETH - Medium-Term & Long-Term View 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
ETH is still overall bearish trading inside the falling channel in red.
This week, ETH broke below the 1650.0 support zone, hence we are expecting further bearish movement till the 1500.0 support.
As ETH approaches the 1500.0 support which is intersecting with the lower red trendline, we will be expecting the bulls to kick in.
on H4: Right Chart
In parallel, for the bulls to take over again, we need a break back above the 1620.0 resistance zone.
For now, we wait ⏱
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
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 8, 2023Technical Analysis and Outlook:
This week, Bitcoin churned at our completed Outer Coin Dip 25600, indicating bias to move downwards crucial support targets: Mean Sup 25100 and 24300 along with Next Outer Coin Dip 24200. Pivotal Rebound Retest is also in play.
BTC - Bulls Are In Control - Short-Term ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As per my last video analysis, BTC broke above the 26,200 previous major high so the bulls took over short-term.
Now we are expecting a continuation till the 27,400 supply zone marked in red.
on H1: Right Chart
The bulls will remain in control, unless the last minor low at 25,815 is broken downward again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - Follow The Trend 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline.
Moreover, the zone 0.5 is a strong support and round number.
🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
Thus, we will be looking for buy setups on lower timeframes as long as the 0.46 support holds.
on H4: Right Chart
XRP has been stuck inside a range.
For the bulls to take over short-term, we need a momentum candle close above the last minor high in red.
And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in blue around 0.56.
Meanwhile, until the bulls take over, XRP would be bearish and can still dive inside the 0.46 - 0.50 support zone.
📚 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 Weekly To H1Hello 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
ETH - Inside The Range Again ⏱Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH is currently back around the lower bound of the range.
📈 For the bulls to take over, it's crucial for ETH to surpass the 1650.0 level. If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile , ETH would be bearish, and if the 1600.0 is broken downward, we will expect further bearish movement till the 1500.0
Now, which scenario seems more likely to unfold next, 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
BTC - Inside The Range Again ⏱Greetings, TradingView Family! This is Richard, also known as theSignalyst.
After being rejected at the 28,000 supply zone and breaking below the recent low highlighted in blue mentioned last week, BTC is currently trading near the lower boundary of the range.
📈 For the bulls to take over, it's crucial for BTC to surpass the 26,200 level. If this occurs, we can expect further upward momentum toward 27,400 red supply zone.
📉 Meanwhile, BTC would be bearish and can still test the previous major low in orange at 25,300 or even breaks it downward.
Now, which scenario seems more likely to unfold next, 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
If you are interested in the TRX coin, then this is for you.Tron blockchain is necessary and I don't see much decline in it. It has performed well compared to others during the crypto crash.
The price pattern is rather good. Waiting for point c would be ideal, but I don't think that point c would be a heavy drop considering the specifics of the trx movement. Point b is also currently in progress, which already indicates a small increase.
I'm not going to analyze it further on the smaller chart because I'm not going to buy it, I just can't afford to buy everything. This analysis may help someone.
PS if you don't understand that point c doesn't have to exceed point a (abc strategy) then you have a lot to learn to understand that. it all depends on the specific location of the trend and its volume, etc.
Don't forget to follow me, I will give analysis constantly😎
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 1, 2023Technical Analysis and Outlook:
On August 23, Bitcoin made a significant recovery and reached our Mean Resistance level. The next target on the downward movement is the Outer Coin Dip, which is at 24200. There is a strong chance that the Mean Resistance 27800 level may be retested.
ETH - The Bulls Are Strong 🆙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📊 After successfully surpassing the recent major high in blue earlier this week, Ethereum (ETH) is presently undergoing a retest around the 1690.0 level.
As a result, we are actively seeking trend-following buy opportunities to capture the next price surge.
📈 I will be closely monitoring lower timeframes for any bullish setups that can validate this potential reversal.
If such setups materialize, we can anticipate a move towards the 1800.0 supply zone.
📉 Conversely, if the bears manage to breach the 1690.0 support level , we should prepare for further downward movement towards the 1640.0 demand zone.
In this scenario, we will be on the lookout for new buy opportunities around the 1640.0 level.
Which of these scenarios is more likely to occur 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
BTC - Bulls Are Strong Again 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my analysis from yesterday, we were anticipating that the bulls would take control by breaking above two key levels, specifically 26,330 and 26,800.
📌 Today, BTC encountered resistance at the 28,000 supply zone. Now What?
📈 To maintain a bullish outlook, it's crucial for BTC to surpass the 28,000 level. If this occurs, we can expect further upward momentum toward 29,000 and 30,000.
📉 Conversely , if BTC breaches the recent low marked in blue to the downside, we should anticipate a more significant correction towards the previous high at 26,750.
Now, which scenario seems more likely to unfold next, 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
BTC - Medium-Term View 🔎Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally , as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range 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
ETHBTC ❗Caution❗One more for today will be ETHBTC chart.
The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation!
...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But...
We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably.
So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks.
Be aware. Envision.
👁️ A.I.Vision
Bitcoin(BTC/USD) Daily Chart Analysis For Week of August 25,2023Technical Analysis and Outlook:
This week, Bitcoin surpassed two key targets: Outer Coin Dip 28200 and 26900, indicating that the next Outer Coin Dip 24200 is likely, with the Mean Res 26650 serving as a temporary support for price action. However, an extension to Mean Res 27800 should not be dismissed.
XRP - Strong Rejection Zone 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we were looking for buy setups around the lower blue trendline.
After rejecting the upper bound of the wedge pattern, X RP is now back around the lower bound / blue trendline again.
Moreover, the zone 0.5 is a strong support and round number.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
As XRP is sitting around the rejection zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...)
For example, as a simple market structure approach, to confirm bullish control we need a break above the last minor high highlighted in orange.
📚 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 Daily To M30Hello 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
The Rise of Merit Circle TokenWhile the idea driving the Merit Circle Token is not completely novel, the project itself emerges as a pioneering Decentralized Autonomous Organization (DAO) with the mission of maximizing value accumulation across various virtual games in the metaverse. Its platform operates at the crossroads of capital, expertise, and players – symbolizing investors, the platform itself, managers, and naturally, gamers.
The potential gains that the initiative has the capacity to generate could potentially translate into transformative income for a subset of the gamers who are actively involved. The players have acknowledged the significance of the undertaking and the scholarship initiative that has been instituted for their benefit. Impressively, there are presently over 500 scholars deeply engaged in the Axie Infinity game.
Substantial revenues are already streaming into the Merit Circle Token, which not only bolsters the DAO itself but also benefits players and liquidity providers. Anticipated inflows are on the horizon, particularly since the Merit Circle DAO is embarking on new ventures within the metaverse by venturing into novel games.
In addition, Merit Circle Token boasts an enviable array of partners, counting DeFiance Capital, Spartan Group, Yield Guild Games, and more among its ranks. These and other entities stand as front-running names in the industry, commending Merit Circle Token for crafting a scalable operational mechanism that proficiently nurtures, integrates, and sustains fresh participants. Arthur of DeFiance Capital even expressed his belief that "Merit Circle Token will emerge as one of the prominent guilds with the power to shape the metaverse."
Every single partner, alongside a cohort of angel investors, threw their support behind the enterprise during its initial funding phase, culminating in an impressive $4.5 million raised to drive its ambitions forward.
XHV 2 year Parabola coming!XHV recently had a break out back into it's down trend and has now back tested the break out on the price action and the RSI simultaneously. XHV broke out and met the Gaussian channel as resistance. Holding this line and breaking through the gaussian channel is what we will be looking for next. The RSI in this moment should break through the 50 to confirm. The move at that point should come fairly quick to the top of the channel @ around $2.00. This move should turn the Gaussian channel green from red, this move is very positive.
Keep in mind this process should repeat on the top of the channel as well after it breaks through later down the road.
For a long term outlook I have added the silver price in line form. Why? as we can see it has met it as resistance on three occasions in the previous bull run. So, a break above the silver price point will be considered very bullish. The target I have is at aprox $94 at the top of the bull run.
Please remember no price points are guaranteed. Always take profits when they are there.
XHV is a privacy coin that has a few developments planned for the future. One of the big ones is the Bifrost with (RUNE) thorchain, another great project.
I'll leave the research to you, here is a link to the webpage.
havenprotocol.org
kind regards
WeAreSat0shi
Have a blessed 2023!
ETH - Critical Range ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DAILY: Left Chart
After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650.
H4: Right Chart
ETH is now stuck inside a range.
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1705
📉 In parallel , if the red low is broken downward, expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
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 - Last CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After failing to breach the 30,000 resistance level, Bitcoin (BTC) has exhibited a bearish trend characterized by consecutive lower lows and lower highs.
I n the previous week, BTC broke below the critical support at 27,000 and found itself hovering around the 25,000 mark.
As long as the 25,000 support level holds, there is still potential for bullish momentum to emerge. Consequently, we will closely monitor lower timeframes for any bullish setups that may confirm a reversal.
It's important to note that the overall sentiment for BTC remains bearish. Should the price drop below the 25,000 support level, we can anticipate further downward movement towards the next significant support level, which lies around 21,000.
For now, we wait! ⏱
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of August 18,2023Technical Analysis and Outlook:
As per Trade Selecter projection, Bitcoin's prices have plummeted, destroying Outer Coin Dip 28900, 28200, and 26900, respectively, and completing Outer Coin Dip 25600. The downward trend continues with Mean Sup 25100 and Next Outer Coin Dip 24200, but a strong rebound is possible with Mean Res 27800 as a target.