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Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook: The coin has invalidated our completed Inner Coin Dip 25800 and Mean Sup 25700. Doing so opened the down trading area envelope to Outer Coin Dip 23950. However, a reignited rally might take us to Mean Res 27300 and Mean Res 28250, respectively. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30) .
BITSTAMP:BTCUSD
by TradeSelecter
ETH - Long Story Long 📘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last ETH analysis (attached on the chart), we were looking for short-term buy setups around the Trio Retest circle in purple. ETH rejected our zone and trading higher. Now What? 🏹 For the bulls to remain in control, and take over from a medium-term perspective, we need a third swing high to form around the upper red trendline and then a break above it (as highlighted on the chart) 📈 The bulls are clearly pushing and will remain in control UNLESS ETH breaks below the green support 1650 📚 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
BTC - Trio Retest 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find the daily chart for BTC to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST Here is why the purple circle is a strong zone to keep an eye on: 1 => Overall Trend BTC has been bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support. 2 => Demand Zone The green zone is a previous resistance turned into support and a Demand Zone. 3 => Oversold Zone BTC is bearish short-term trading inside the falling channel in orange and now approaching the lower orange trendline which I consider an oversold zone. As per my trading style: As BTC is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 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
27
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline. Moreover, the zone 1.60 is a support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline. As per my trading style: As RNDR is sitting around the purple 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
RLong
by TheSignalyst
10
ETH - Boring Range Until... 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that ETH is approaching a strong rejection zone as it is the intersection of a horizontal support in green and lower trendlines in blue and red. So we will be looking for buy setups on lower timeframes. on H4: Right Chart 🏹 For the bulls to take over from a short-term perspective, we need a break above the previous major low in orange. Meanwhile, ETH can still trade lower till the daily green support. 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
ICP Internet Protocol: The Ultimate Choice for Global InternetIntroduction: In a world where connectivity is paramount, having a robust and efficient internet protocol is essential. Enter Internet Computer (ICP), the revolutionary platform that presents itself as the best option for a global internet experience. With its advanced technology, scalability, and decentralized architecture, ICP stands at the forefront of redefining the way we connect and interact in the digital realm. Unleashing Global Connectivity: ICP's internet protocol is designed to transcend geographical boundaries and create a truly global network. By leveraging its decentralized infrastructure, ICP ensures that internet access is not limited to a select few, but is accessible to individuals and communities worldwide. This inclusivity fosters a more equitable and interconnected digital society. Enhanced Scalability: The scalability of ICP sets it apart from traditional internet protocols. With its innovative design, ICP can handle the ever-increasing demands of a global user base without compromising performance. This means faster and more reliable internet access, even during peak usage periods. Whether it's streaming high-definition content, conducting seamless video conferences, or powering resource-intensive applications, ICP's scalability makes it the ideal choice for a truly global internet experience. Decentralization and Security: One of the key strengths of ICP is its decentralized architecture. Traditional internet protocols often rely on centralized servers, making them vulnerable to single points of failure and potential security breaches. ICP eliminates this risk by distributing data and computation across its network, ensuring greater resilience and security. With ICP, users have more control over their data and can enjoy a heightened sense of privacy, free from the prying eyes of centralized authorities. Empowering Innovation: ICP's internet protocol fosters innovation by providing a platform for developers to build and deploy decentralized applications (DApps) and services. This enables a vibrant ecosystem where creativity can thrive, leading to the development of groundbreaking solutions that address real-world challenges. The open and permissionless nature of ICP encourages collaboration, allowing developers from around the world to contribute to its growth and evolution. Conclusion: In a world that relies heavily on the internet, having a global network that is scalable, secure, and inclusive is paramount. ICP's internet protocol emerges as the best option for achieving this vision. With its decentralized architecture, enhanced scalability, and focus on empowering users and developers, ICP paves the way for a truly global internet experience that is accessible, resilient, and innovative. Embrace the power of ICP and witness the transformation of the internet into a truly borderless and interconnected digital landscape.
Long
by SophiaAnderson
1
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound. Moreover, the zone 1.0 is a strong demand zone and round number. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline. As per my trading style: As OP is sitting around the purple 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
by TheSignalyst
20
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook: The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
BITSTAMP:BTCUSD
by TradeSelecter
ETH - Trio Retest ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been overall bullish from a long-term perspective trading inside the rising broadening wedge in blue. After rejecting the 2000 resistance, ETH has been in a bearish correction trading inside the falling red channel. 🏹 Here is why the 1700 - 1750 zone marked by purple circle is a strong support: 1- Round number 1700 2- Classic Resistance Zone Turned Support 3- Lower blue trendline acting as a non-horizontal support 4- Lower red trendline acting as oversold zone 5- Demand zone 📈 As per my trading style: As ETH approaches the purple 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
by TheSignalyst
19
BTC - It is a Matter Of Time ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been overall bullish from a long-term perspective trading inside the rising channel in black. BTC is currently in a correction phase as we had a break below the last major low in gray. 📉 If we compare the current gray low to the previous one, we know that the correction might only last for a couple of candles before the bulls take over again to start the next impulse movement. 🏹 The bulls would take over from a short-term perspective by breaking back above the gray low, and then remain in control for a bigger bullish movement after breaking the last major high marked in blue. 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
by TheSignalyst
62
ETH - Still Stuck 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), ETH rejected the lower bound of the flat rising broadening wedge and traded higher to reject the upper bound again. 🏹 As per my trading style , we will be trading the range UNLESS it is broken upward or downward. 📈 As ETH approaches the blue support again , we will be looking for short-term buy setups. For the bulls to take over medium-term, we need a break above the red zone. 📉 In parallel , if as ETH approaches the red resistance, we will be looking for short-term sell setups. And if ETH breaks below the blue zone, we will be expecting further bearish movement till the 1700 daily support. 📚 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
ETH - Make or Break Zone 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), ETH rejected the upper bound of the flat rising broadening wedge in orange and traded lower. Now ETH is sitting around the lower bound / orange trendline. Moreover, the blue zone 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 blue support and lower red trendline. As per my trading style: As ETH is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Meanwhile, ETH can still dive inside the support zone again or break it downward. 📚 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
XRP - Critical Zone 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. XRP has been stuck inside a big range between our 0.3 support and 0.6 resistance. 📈 For the bulls to take over from a MACRO perspective , we need a weekly candle close above 0.6 In this case, a movement till the 1.0 resistance would be expected. 📉 Meanwhile , 0.6 zone is acting as a resistance, hence if we break below 0.5 , we will expect further bearish movement. Which scenario is more likely to happen next? 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 - Short-Term and Long-Term View ⛳️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern. Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups. 🏹 For the bulls to take over long-term, we need a break above the current major high in orange. on H1: Right Chart From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders. 🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected. 📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement. 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
by TheSignalyst
4
The Quant Monster :) Quant Network GPW:QNT Quant launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system. Many have said it's a 4 digit coin (left side of the decimal) and I have a good feeling their right and come next bull run it'll more than likely do very well. What I have noticed is it doesn't like to move much unless Bitcoin is moving sure many are the same of course but some are even more so and QNT seems to be that case so, lets see if Bitcoin can get to moving :) Daily chart MACD impulse line has crossed the signal line (highlighted below) along with trading above the MA. Just could use more volume to kick things off perhaps :) will see soon enough some have priced next gains between 240 - 320 not bad at all perhaps it'll happen today but time will tell soon enough.
Long
by dr0iz
Is the Crypto total looking to complete the 5th wave?Could we see another leg up for wave 5 completion before the ABC correction? " Yes it's possible, the market cap could make it's local blow off top and get a re rejection off the 200 3day MA. The mechanicals are lining up for a "possible" move. We wait for the confirmation as there is non yet. The RSI would have to get above it's mid ranging uptrend line with a possible short term break above the top, and the Stochastics would have to make a strong move up. The first glimmer is the Stochastics and there is no confirmation yet. The Sentiment Oscillator is showing clear bear divergence but it doesn't mean that the final wave isn't possible. So far this is a text book Elliot wave pattern. It even has a deep wave 2 correction which then usually means a shallower wave 4 correction into the blow off wave 5, and then the eventual A,B,C correction. We wait and see... signals need to confirm. Thanks WeAreSat0shi
CRYPTOCAP:TOTALLong
by WeAreSat0shi
4
ETH - Critical Resistance Ahead 🗝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been slight bullish for the last couple of weeks trading inside the orange flat rising broadening wedge pattern. 📈 Lately, ETH rejected the upper bound of the wedge pattern and now retesting it again. For the bulls to take over again medium-term , we need a break above the red resistance. 📉 Meanwhile , If / As ETH approaches the lower bound of the wedge pattern and blue support, we will be looking for buy setups. Which scenario is more likely to happen next? 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
8
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook: In this week's session, the coin has achieved the projected prices of Mean Res $27,500 and Mean Res $28,750 as outlined in the Daily Chart Analysis for the Week of May 26. Based on the current price action, the coin will likely test the Inner Coin Dip of $25,800 and potentially make a significant drop to the Outer Coin Dip of $23,950. The upside potential will address the Mean Res $28,250 as a ''Do That To Me One More Time''.
BITSTAMP:BTCUSD
by TradeSelecter
FUTURE ICP X1000The Internet Computer (ICP) is an ambitious project aiming to revolutionize the way we think about decentralized computing. It envisions a future where the internet itself becomes a powerful and scalable computer, enabling a wide range of decentralized applications and services. One of the key advantages of the Internet Computer is its ability to provide a secure and tamper-proof environment for running applications. By leveraging blockchain technology, the ICP creates a trustless and transparent platform that can execute smart contracts and host decentralized applications with the utmost integrity. This decentralized nature eliminates the need for intermediaries, reducing costs and enhancing security. Scalability is another crucial aspect of the Internet Computer. Traditional blockchain platforms often struggle with scalability limitations, leading to congestion and high transaction fees. However, the ICP aims to overcome these challenges by utilizing a unique protocol called Chain Key Technology, which allows for horizontal scalability. This means that as the network grows, its capacity to handle more users and transactions expands, ensuring a smooth and efficient user experience. Moreover, the Internet Computer promotes interoperability among different systems and protocols. It aims to create a unified internet ecosystem where various applications and services can seamlessly interact and share data. This interoperability opens up new possibilities for collaboration, innovation, and the creation of decentralized applications that can leverage the strengths of multiple platforms. Additionally, the Internet Computer empowers developers by providing a rich set of tools and resources to build and deploy decentralized applications. Its developer-friendly environment supports multiple programming languages, making it accessible to a wide range of developers with different skill sets. This inclusivity encourages creativity and diversity in the development community, leading to a vibrant ecosystem of decentralized applications. As the Internet Computer continues to evolve, it has the potential to disrupt various industries, such as finance, governance, supply chain, and more. It offers the promise of a decentralized internet that is resilient, transparent, and accessible to all. With its scalability, interoperability, and developer-friendly approach, the Internet Computer is poised to shape the future of decentralized computing. In conclusion, the Internet Computer (ICP) holds great promise as a transformative technology in the realm of decentralized computing. Its focus on security, scalability, interoperability, and developer empowerment positions it as a significant player in the evolving landscape of blockchain-based platforms. As the Internet Computer continues to mature and gain adoption, we can anticipate exciting developments and innovative applications that harness the full potential of decentralized computing.
Long
by SophiaAnderson
2