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BTC - Last Post For The Next 2 Weeks 🙏Greetings, TradingView Family, this is Richard, also known as theSignalyst. 📌 I am thrilled to share some exciting news with all of you. This Sunday (9th July), I will be tying the knot and embarking on a beautiful journey of marriage. As a result, this will be my last post for the next two weeks as I will be away for my honeymoon. Therefore, I aim to make this post incredibly detailed, covering various potential scenarios for the near future. 📌 Let's begin with a long-term perspective: BTC currently finds itself within a strong rejection zone characterized by the following factors: 1. Round number at 30,000 2. Classic weekly support zone, which has now transformed into a resistance 30,000 to 32,000 3. Supply zone 🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial. 📌 However, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes. 📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary. If this occurs, we can anticipate a movement towards the blue support at 27,500, where we will actively seek out new trend-following bullish setups. 📌 Until either the bulls or bears seize control, we will be trading within a short-term range bounded by 29,500 and 32,000. Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective. 📚 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
by TheSignalyst
90
Bitcoin Aiming at $30,000!Bitcoin is currently trading below the point of control. The value area low is the next target at $30,000. I will be looking to enter a long position if we sweep the lows and reclaim the lower purple line which is support. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
ETH - It Is What It Is 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been stuck inside a range in the shape of a flat rising broadening wedge. Moreover, the zone 1830 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. As per my trading style: As ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📉 On the other hand, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone. 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
by TheSignalyst
25
BTC - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 29,500 and 31,500 and it is currently approaching the 30,000 round number. Moreover, BTC is approaching the lower bound of the orange channel. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 30,000 round number and lower orange trendline. As per my trading style: As BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) If the 30,000 zone is broken downward, we will be expecting further bearish movement till the lower bound of the range around 29,500 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
ETH - The Bulls Are Still Strong Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. According to my previous analysis of ETH, the bulls maintained control as we successfully surpassed the previous significant high marked in red. 📈 The next resistance level to overcome would be around 2000, which is crucial for the bulls to assert their dominance. 📉 ETH will continue to exhibit an overall bullish trend unless the bears succeed in breaching the lower orange trendline. 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
by TheSignalyst
22
BTC - Are You Ready ? 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🗒 As per my last educational post, we know that the bulls took over after breaking above the falling flag #4 📌 BTC has been sitting inside a strong rejection zone: 1- Round number => 30,000 2- Classic Weekly Support Zone Turned Resistance 30k - 32k 3- Supply zone 🏹 For the bulls to take over from a Marco perspective, we need a weekly break above 32,000 Meanwhile , the bears can still kick in for one more bearish correction before the bullish take over again. We will be monitoring price action on lower timeframes to confirm it. Which scenario do you think 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
by TheSignalyst
18
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook: The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.
BITSTAMP:BTCUSD
by TradeSelecter
ETH - Short-Term Resistance Ahead ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), ETH rejected our 1830 demand zone and traded higher. Now What? 📉 ETH is still bearish medium-term and now sitting around the upper trendline acting as a non-horizontal support. So we will be expecting the bears to take over shortly (to be confirmed on lower timeframes) 📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930 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
by TheSignalyst
27
BTC - Interesting Times ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been stuck inside a range between 30k - 32k resistance for a couple of days. The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4. In this case, we will be expecting the bearish correction to start till the blue 28300 support. 📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in red. In this case, we will be expecting BTC to test the 32k resistance. Which scenario do you think 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
by TheSignalyst
19
ETH - The Range is getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been overall bullish medium-term trading above the blue trendline and it is currently retesting it. Moreover, the zone 1830 is a strong demand. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. 📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930 📉 On the other hand, if the green demand zone is broken downward, expect further bearish movement till the 1750 support. 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
by TheSignalyst
15
BTC - Now We Wait 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart BTC has been stuck inside a range in gray around 31k - 32k resistance for a couple of days. The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4. In this case, we will be expecting the bearish correction to start. 📌 on H1: Right Chart 📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in gray. In this case, we will be expecting BTC to dive inside the 31k - 32k resistance zone again. Which scenario do you think 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
by TheSignalyst
27
ETH - Long-Term View 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, ETH rejected the green support zone and traded higher. Now What? 📈 ETH is sitting around a minor resistance zone in gray 1950. For the bulls to remain in control medium-term we need a break above it. Meanwhile, the bears can take over for a correction (to be confirmed on lower timeframes), in this case, we will be looking for new buy setups around the orange minor support. on Weekly: Right Chart 🏹 From a long-term perspective, for the bulls to take over, we need a weekly candle close above the blue resistance zone 2250 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
Crypto fear and greed & the bull market support!Hi fellow traders and investors. If your still on the fence about the market, I'm not sure why, but, I'm about to show we are in a full fledged bull market even if it doesn't feel so to you. This is the crypto markets fear and greed indicator. It came out in early 2018 and in my opinion is very accurate. It's based on human psychology and the emotions fear and greed. The MOST important levels on this chart is the 45 to 50 level and even more specifically , the 47-48 area. This 47-48 area is the support and resistance level for crypto since this indicators inception. When crypto is in a bull market it will sit above and it will serve a s resistance in the bear market like we see in the in the chart before the crypto crash of 2022. We can notice, before the ultimate fall in June of 22 that it broke above this level ever so slightly but, could not hold. During the bear market greed only reached this level once and was faced with a stiff rejection. However as we can see after this rejection the greed stayed higher even in the FTX fear of November. Although prices fell lower and there was fear everywhere the story was a little different, smart money got greedy. This lead to the initial thrust in January, it then retested the uptrend in the mid March dip before bursting through out of the bear market. Now, I'm also looking into time frames as well, although nothing is confirmed yet. 55 days cycles of movement or push before a change in pattern, but, it's too early to tell. Although, I think it could be worth looking into. The important thing here is the 47-48 area, I do believe going forward this area will hold while we are in a bull market. A substantial break especially if not followed by a quick recovery like in mid March could be a spell for disaster. Eventually it will get to extreme greed, this is where you would want to take profits. However it can stay at extreme greed for weeks at a time. Once it gets there we will have another look at it and asses it further. If you find this informative or interesting, please and follow for future content. Kind regards WeAreSat0shi
BNC:BLXLong
by WeAreSat0shi
6
BTC - Make or Break ZoneHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC analysis (attached on the chart), BTC rejected our Trio Retest zone and traded higher. Now What? BTC is sitting around a strong resistance / supply zone from Weekly timeframe / 31,000 - 32,000 🏹 For the bulls to remain in control , take over from a MACRO perspective, we need a Weekly Candle Close above the 32,000 📉 Meanwhile, the bears can take over for a correction if we break below 29,500 📚 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.
by TheSignalyst
19
ETH - The Bulls Are Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last ETH analysis, we know that the bulls took over short-term by rejecting the Trio Retest zone. Now What? 🏹 For the bulls to remain in control , and take over from a medium-term perspective, we need a break above the gray zone and upper red trendline. 📈 Meanwhile, the bears can still reject the red trendline acting as a non-horizontal resistance, to form a new swing high before breaking the channel. (to be confirmed on lower timeframes) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31