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Title: SUI/USDT: Bearish Signals Emerge - Ending Diagonal PatterTitle: SUI/USDT: Bearish Signals Emerge - Ending Diagonal Pattern and MACD Divergence Overview: SUI/USDT is currently displaying clear bearish signals, suggesting a potential reversal in the near term. Two key factors contribute to this bearish outlook - the formation of an ending diagonal pattern and the emergence of a bearish divergence on the MACD indicator. Technical Analysis: Ending Diagonal Pattern: SUI/USDT is exhibiting the characteristics of an ending diagonal pattern, a reversal pattern typically signaling the end of an uptrend. The converging trendlines of the diagonal suggest diminishing buying interest, with a higher likelihood of a bearish reversal. MACD Bearish Divergence: The MACD indicator is showing a bearish divergence, where the price is making higher highs, but the MACD is making lower highs. This divergence implies a weakening bullish momentum, often preceding a potential trend reversal. Trade Setup: Cautious Approach: Given the bearish signals, a cautious stance is recommended for traders. Short Entry: Consider shorting SUI/USDT on a confirmed breakdown from the ending diagonal pattern or a breach of a key support level. Stop-Loss: Place a stop-loss above the recent swing high or a level that aligns with your risk tolerance. Take Profit: Identify potential support zones or Fibonacci retracement levels as profit-taking targets. Risk Management: Always employ proper risk management strategies, ensuring that potential losses are controlled and do not exceed predetermined levels. Stay informed about upcoming events or announcements that may impact SUI/USDT. Cautionary Notes: Keep a close eye on the price action and be prepared to adapt your strategy based on real-time market developments. Be aware of potential false signals and monitor confirmatory factors alongside the technical analysis. Conclusion: The combination of the ending diagonal pattern and the MACD bearish divergence on SUI/USDT suggests a potential shift in market sentiment. Exercise caution and wait for confirmation before considering any trading positions. Always conduct thorough analysis and maintain a disciplined approach to risk management.
BINANCE:SUIUSD
by outkla
2
BTC - Two Possible Scenarios ↕️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been boring this past week hovering inside a narrow range. 📈 For the bulls to take over, we need a break above the 44,300 structure marked in blue. In this case, a movement till the 48k - 50k would be expected. 📉 In parallel, if the last major low at 41,850 marked in blue is broken downward, we will expecting further bearish movement till the 38,000 support. 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
by TheSignalyst
12
The chart no one wants to see or believe!There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking. In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another. This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float. Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture. So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind. Without a doubt, it's a great time to stack!! No one can argue that. Thanks for viewing WeAreSat0shi Have a blessed new year!
BNC:BLX
by WeAreSat0shi
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During this week's trading session, Bitcoin has been experiencing a very tight trading range. Its progress has been obstructed by our Mean Res 43200, which has been causing a significant block jam. However, the market is anticipating a strong push through the Inner Coin Rally 44200, propelling the prices towards Mean Res 47000. This move is expected to be followed by a retest of the completed Outer Coin Rally 47500, which would signify a noteworthy milestone for Bitcoin's upward momentum. In case of a downside, the coin may retest a Mean Sup 42000 before continuing its upward trend.
BITSTAMP:BTCUSD
by TradeSelecter
XRP - Rainbow After The Storm 🌪🌈Hello TradingView Family / Fellow Traders, 📉 XRP has been overall bearish trading inside the falling channel in red. However it is currently hovering the lower bound of the channel and a strong support at 0.5. As long as the support 0.465 holds, we will be looking for short-term buy setups on lower timeframes. 📈 For the bulls to take over from a short-term perspective, we need a break above the last minor high at 0.55. 🏹 And then for the bulls remain in control and take over from a medium-term perspective, we need a break above the upper red trendline and last major high at 0.6. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
#TIA/USDT 15m (ByBit) Descending channel breakoutCelestia regained 50MA support, looks good for very short-term recovery. ⚡️⚡️ #TIA/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (7.6X) Amount: 5.0% Current Price: 15.120 Entry Targets: 1) 14.780 Take-Profit Targets: 1) 16.344 Stop Targets: 1) 13.997 Published By: @Zblaba LSE:TIA BYBIT:TIAUSDT.P #Celestia celestia.org Risk/Reward= 1:2.0 Expected Profit= +80.4% Possible Loss= -40.3% Estimated Gaintime= 12-24 hours
Long
by TradingOn
2
MANTA 5% BULLISH pump probability!When taking a look at MANTA. it is currently respecting all levels to the upside and is now retesting a local support after the trendline breakout. This is bullish price action and suggest a higher move is likely in the next 24 hours. The previous high is 5% away and that would be a nice target from these levels. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. 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! This is not financial advice. This is for educational purposes only.
Long
by Navitility
#BTC/USDT 1h (OKX Futures) Broadening wedge breakout & retestBitcoin just regained 50MA support and seems to be heading towards 200MA resistance after a pull-back. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (9.5X) Amount: 5.0% Current Price: 40232.0 Entry Targets: 1) 39834.3 Take-Profit Targets: 1) 41499.4 Stop Targets: 1) 38999.7 Published By: @Zblaba CRYPTOCAP:BTC OKX:BTCUSDT.P #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +39.7% Possible Loss= -19.9% Estimated Gaintime= 1-2 days
Long
by TradingOn
LDO - Following The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 LDO has been overall bullish, trading within the rising broadening wedge in blue. At present, LDO is undergoing a correction phase and it is currently approaching the lower blue trendline acting as a non-horizontal support. Moreover, it is retesting a strong support zone marked in green. 🏹 Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #LDO approaches the lower 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
Long
by TheSignalyst
BTC & ETH - Keep It Simple 📚Hello TradingView Family / Fellow Traders, ~ When in doubt, zoom out! 📰 With all the fundamental news and choppy price action, it is always a good practice to take a break, relax, and look at the big picture. Last week, both BTC and ETH rejected the upper bound of the channel and resistance zones. 📈 For the bulls to remain in control and take over from a macro perspective in this bull run, we need a weekly candle close above 50k and 3k zones for BTC and ETH, respectively. 📉 Until then, bearish pressure may persist from a medium-term perspective and might initiate a deep correction phase, leading to the lower bound of the channels, at 35k and 2k, respectively, for BTC and ETH. ⏱ Remember: You Are Getting Paid; To Wait! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! ~Richard Nasr
by TheSignalyst
20
XRP - Wait For It 🏹Hello TradingView Family / Fellow Traders, XRP has been overall bearish trading inside the falling channel in red. However it is currently approaching the lower bound of the channel and a strong support at 0.54. 📈 As long as the support holds, we will be looking for short-term buy setups on lower timeframes. 🏹 For the bulls to take over from a medium-term perspective, we need a break above the last major high at 0.625. 📉 If the 0.54 support is broken downward, we will expect further bearish movement till the 0.5 support where we will be looking for new short-term buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
The Reversal is NEAR 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NEAR has exhibited an overall bullish trend , trading above the red trendlines zone. At present, NEAR is undergoing a correction phase and it is currently approaching the red trendline acting as a non-horizontal support. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue 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 #NEAR 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
Long
by TheSignalyst
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook: Bitcoin has surged past January 2, 2024, completing the Inner Coin Rally 45900 and, as a result, also topping our designated Next #1 Outer Coin Rally 47500. In addition, Bitcoin has retraced back to our target Mean Sup 42800 after completing a pivotal squeeze, as shown in last week's chart analysis. Currently, it is regaining its lost ground by revisiting the newly-created Mean Res 47000 and extending beyond it.
BITSTAMP:BTCUSD
by TradeSelecter
The "EXPERTS" are wrong! The bull run is upon us!This chart is to show anyone still on the fence about buying bitcoin, weather the bottom is in and if bitcoin is about to enter a bull market. Lets take a look at this 2 week chart of bitcoin with three indicators. 1 CM ULTIMATE MA 2 PI CYCLE BOTTOM (only the short MA to keep it clean) 3 TRADERS DYNAMIC INDICATOR (TDI) All three of these indicators are screaming that not only the bottom is for 6 months now but that the bull run is right around the corner. We can also see that price action would battle here with these areas until they broke above and confirmed the bull run, we are not there yet, but bitcoin is in the amidst of this battle as we speak. So, once these lines are conquered the bull should be official. It will not go below until the bull run is over. the one exception for this is covid in 2020, but it fairly quickly recovered from. Lets look at the facts. The thick green line that turns red in bear trends is the cm ultimate and the thinner green is pi cycle. Three previous times in history the pi line has crossed down below the cm ultimate which marked the eventual bottom. The cross up is what is important here as every other time in history marked the bottom well behind it and was approaching the inevitable next bull phase. {Highlighted with ovals} Now the TDI The TDI is actually showing confluence which only strengthens our analysis. The TDI also showed bullish divergence for many weeks before the latest breakout mark with yellow lines. Also the TDI shows strength and momentum build up as we compare it to the previous market cycles. The red line first makes a bottom and then crosses the green line. then it crosses the median yellow line and the green line then follows it. When both the red and green lines crossed the median yellow line in previous history, the bull run followed very shortly after. {highlighted with bigger ovals} So, according to these indicators the bull market is coming very soon. We can have another big correction here soon, but the as long as the criteria is met the rocket ship will leave orbit. Thank you WeAreSat0shi Stay blessed!
BNC:BLXLong
by WeAreSat0shi
10
Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look. First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market. Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over. How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme. This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!! We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence. I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick. Please feel free add comments or ask questions down below. Thanks for looking WeAreSar0shi
BNC:BLXLong
by WeAreSat0shi
12
EWT Building an out of bear market move!Energy Web Token. EWT has shown some decent strength in this bear market, but not soo much as of late. I think this recent downtrend might soon be at an end. As we can the price is at the bottom of the it's bear market for as possible double bottom and the indicators are higher and showing signs of turning. Lets take a look at the indicators 1 Volume, it has increased during the bear market 2 The RSI although not very strong is showing bullish divergence 3 The TDI is showing similar signs to the RSI 4 Stochastics RSI has bottomed 5 RCI3 lines has also bottomed We are waiting for 4 & 5 to cross up. Once this happens it will show the momentum in this next move building and imminent. Both are circled on the chart. My Price target would be @ the $7.60 (1.618 fib) to $10.75 (2.618 fib) area. That is based off of it's recent move in the bear market. There is also another price of interest, $9.26 area would be the .236 fib area from it's bull market peak. this also lines up with another resistance level in prices so this price is most likely. Then you would look for for it to catch support at top of the bear market resistance level (shaded area) @ $4.85 area. kind regards WeAreSat0shi
KRAKEN:EWTUSDLong
by WeAreSat0shi
4
BTC - Next Stop 50k 📍 Unless!Hello TradingView Family / Fellow Traders, In my latest analysis, BTC successfully surpassed the 45,000 resistance and traded higher. However, yesterday, BTC faced rejection at the 48,000 level and the upper boundary of the orange wedge pattern. Now, what's next? 📈 BTC is anticipated to remain bullish , and we anticipate a potential movement towards the weekly resistance zone between 48,000 and 50,000, as long as the 44,500 support level is maintained. 📉 In the event of a downward break below the lower red trendline and the 44,500 support level, we expect a continuation of bearish movement until reaching the lower boundary of the orange wedge pattern, approximately around 42,500. Which scenario do you believe 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! ~Richard Nasr
by TheSignalyst
6
Bearish Crab Visible on the Crypto/Blockchain ETFBLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has since gone down over 66%, however in recent months, we've seen the price of the stock begin to recover as it has made a 38.2% Fibonacci retracement from the all-time high to the most recent lows. The original level it bounced from was the 0.886 of a Bullish Shark, however we may now see this shark turn into a Bearish 5-0 as the 0.382 aligns with the PCZ of a more local Bearish Butterfly and this could result in BLOK making a lower low and would overall be a more profitable and slightly indirect way to get bearish options positioning on Coinbase and Microstrategy without buying into the overpriced puts of the underlying assets. I will leave an link to the previous 2021 bearish setup on BLOK which resulted in the top for reference as well as a link to the bullish setup that has just played its course on COIN in the related ideas section below.
AMEX:BLOKShort
by RizeSenpai
SOL 🎵 Please Don't Stop The MusicHello 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, and then reached our around 130.0. H4: Right Chart 📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red. This week, SOL rejected the 130.0 and upper red trendline and traded lower. Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support. 🏹 Thus, as long as the trendline holds, we will be looking for trend-following buy setups 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
Long
by TheSignalyst
2