Are we bullish on Arbitrums ARB ?I think rollups are going to play an increasingly bigger role come bull market
The archaic way ethereum has been used in previous bull markets demands a solution. A solution roll ups is likely to play on a large scale. Having third parties rollup microtransactions in order to ease pressure on the main ethereum blockchain is something that will encourage wider spread use of ethereum and crypto products. Paying $100 in fees for a $9 nft isnt a sustainable offering.
ARB is in a big falling wedge
This wedge doesnt need to play out according to textbooks and can easily be counter traded and fail. With that in mind tho.. being able to capture good low risk entries in this potentially bullish pattern leading into 2024 can end up being extremely beneficial.
Keep an eye out for changing data
Data on this can change quickly and importantly so its crucial to say nimble and on your toes to new information.
Btc!
BRIEFING Week #42 : Market Breadth & WyckoffHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Whats happening with USDT.D ? We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap
As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts
This is not a negative for USDT rather a positive
USDT market cap itself is positively impacted by USDT.D retracting as that means the crypto market is growing and should in turn lead to increase demand for their product and therefore their own market cap
USDT.D is getting close to breakout zone which can indicate two things
Firstly, a (possible) retraction in the cryptosphere. Secondly, a (possible) buying opportunity.
Want to lookout for an aggressive candle
You likely wont miss the move in the cryptosphere as an aggressive USDT.D candle likely has a more aggressive impact on any portfolio.. however with an eye on USDT.D can see if the aggressive move is one to buy or sell into. If an aggressive candle breaks out with USDT.D soon then it has a decent historical chance of being a prime buying opportunity even if the breakdown isnt to sub $15k
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
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
GOLD Top Down Analysis- What you Need To Know For This WeekStarting from the Weekly chart, we analyze how Gold behaves and what to expect moving into the next trading week.
I believe good opportunities will arise if we break above the Hourly resistance I discuss on video.
Please watch it and leave your comments and opinions below.
GBPUSD Top Down Analysis For Next WeekIn this video, you will understand how I look at the GBPUSD, starting from the Weekly chart and moving down to the Hourly.
Trading must be flexible when you do your charting analysis and always try to understand what information the market gives.
When it is time to execute your strategy, you must be black and white. If the rules are met, we enter and then manage the trade.
Don't mix the art of charting with the discipline of executing your strategy.
Happy Trading, and please comment below with your thoughts and opinions about this currency pair.
Mean Reversion trades on AAVE Mean Reversion is the simple strategy of price moving 'too' far away from its averages and potentially requiring a reversion before either continuation or ideally total reversal
Aave has been offering some beautiful mean reversion entries for us recently even to the point of essentially two sigma. Both the buyzone meanmove right to the sellzone meanmove. That is not usually the case to capture both in consecutive order but of course happy to see it happening to aave and a few others we are routing.
The strategy is based more so around the reversion to mean(s) rather than the total reversal
Is nice when able to capture the total reversal one peak to the next but the strategy is focused primarily on alerting once candle is 'too' far away from mean and then riding it to touching mean (even if just for a moment). These are usually short held positions rather than multi day long swing trades.
Good to focus on largecap even more so largecap 'monopolies'
Increasing interest in the monopolies in the crypto space as everything has taken a hit due to liquidity consolidating into either US yields or US dollar or even within the crypto space consolidating into ethereum away from nameless countless junk tokens.
These alerts are currently set up for just largecap as the volatility in smallcap can create a ton of risk to this strategy as volume is needed as confirmation of previous prices to revert to. I do also think monopolies will lead + be safer in macro retraces in bull market or macro reversion to mean even if just to tap 9ema on weekly before continuing bull moves.
BTC- Bitcoin Price ForecastCOINBASE:BTCUSD
Where is bitcoin price going next?
What is bitcoin likely to do next?
These and many more questions were answered in the video.
Watch and you will enjoy it.
Do not forget to drop a comment to share your view, give it a like, and also share this video link with your friends.
Top 5 Bullish Bitcoin Technical Indicators Right Now!Traders,
Here are the top 5 bullish technical indicators I am seeing right now on the Bitcoin daily chart:
00:23 - 1. Our 25,300 Neckline has held once again!
01:30 - 2. 26,300-26,500 Price has absorbed with accumulation
02:45 - 3. RSI Hidden Bullish Divergence
03:50 - 4. Break/Retest of Descending TL & 50-day ma AoC
04:48 - 5. Bull Flag on the Daily
Best,
Stew
XRP still under 3d average as DXY continues breakout apologies again for sound issues at beginning
We can see clearly the inverse relationship between DXY and XRP
If DXY fails this breakout continuation and instead reverses (failed moves can fail fast).. then XRP can explode up from this 3d 200 average. However, as data is currently showing, there is a lot of downwards pressure being put on XRP and crypto coming into end of September
October has historically been a weak month
Its no surprise that downward pressure is the data showing coming into end of September. It is not uncommon tho for relief to be found in October start of last quarter before start of a new year.
Keep an eye on DXY and US Yields for sign of reversal in order to gain confidence in crypto
If US yields continue to rise then it will mount pressure on other weaker currencies and likely lead to a continuation in price of USD. As weve seen that price increase in USD will likely result in devaluation of crypto assets. Must keep an eye on new data as it comes out to be up to date with outlook.
BTC Bitcoin Technical Analysis and Trade IdeaIn this video, we observe that Bitcoin has exhibited a bearish sentiment in recent times, as evidenced by the formation of lower lows and lower highs on the 4-hour chart. Presently, BTC is undergoing a retracement, approaching levels of previous resistance. Within the video, we delve into a prospective trading opportunity, taking into account essential factors such as prevailing market trends, price action and market structure.
It's crucial to emphasize that the video provides an analysis of these elements. However, it is essential to note that the content should not be interpreted as financial advice. Trading inherently involves substantial risks, and it is imperative to exercise prudent risk management strategies
SHIB hugging resistance can EXPLODEApologies for the lack of sound first 8seconds of this video
SHIB hugging the 100ma here on the hourly can be a cooker pressure on price
If price can break and hold above that average there can be volatility away from it as a breakout. Our START v3.5 tool helps manage trading that breakout in terms of exit managing potential losses to give clarity for yourself.
DXY is on the edge tho
If DXY does breakout of its own range then it can foil any altcoin setup you may be looking at. Not a holy golden rule but a lot of evidence to show an inverse relationship between DXY and crypto market. So a true breakout by DXY here stands to reason that similar result can occur (bar exceptions).
DXY can fail
If DXY fails this breakout then its game on a little longer for this move both in bitcoin crypto and the overall traditional markets.
Keep an eye out for changing data.
BRIEFING Week #39 : Something is Brewing, be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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Phil
XRP with NO space on 3d average ! Big moving incoming !!Space is a important concept to understand as can be played in numerous ways from different angles
At the moment theres no space on XRP 3d chart between the 9ema and 200ema. Or relatively little. I think of this like the theoretical big bang. Once something is too condense then expect an explosion at some point where asset price volatility expands out.
Not just lack of space that is playable
When too much space is created this too is an opportunity. With other considerations in mind (nothing holy.. look for confluence).. too much space shows that price has expanded or extended away from average(s). This is playable (when other conditions are met) in the sense of looking for a mean reversion. Price reverting towards its mean or average(s).
Again this is not holy and old averages can be left behind without any reversion but this is uncommon. These are the exceptional paradigm shifts into essentially price discovery mode.
First retrace into extended space is likely to have a nice reaction
First retrace (into 200) after an extended move can lead to a beautiful bounce or even continuation of space extending. We are in process of building a tool for this too!
Make sure to keep an eye out for current data and correspond that to relevant other assets to get a nice insight into which way to be looking.
Crypto - Key Breakout LevelSorry about the mic fuzz at the beginning.
Leave your questions & thoughts in the comments.
To sum up:
Bulls to regain control until the start-mid November at 30k levels
Bears to very quickly take over at those levels
This aligns with analysts' timing predictions of a heavy recession start.
Considering DXY likely not being stationary, 30k is a rough estimation
This aligns with analysts' timing predictions of a heavy recession start in end of 2023 or early 2024.