Btc!
BTC- Detailed Video Update ❗️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
Trading updateHello everyone,
In this update i talk about how i missed the opportunity to long BTC but also talk about another opportunity in Doge and why i have been buying since nov last year. I know that people think Doge is worthless but imagine if Elon starts accepting payments in doge for blue check marks. That will prop up doge really hard. Overall the market looks optimistic and i think there is slight room to go more higher especially given the month of April. Usually it is the strongest month for stocks and it wouldnt surprise me to see it rally aggresively. So for now we practice patience and wait for price to tell us where it goes. I hope you enjoy the update and let me know in the comments your thouhgts
Cheers
BRIEFING Week #15 : ETH Shapella & FOMC MinutesHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Bitcoin holds breakout and retakes 30KBitcoin is back above 30K in today's session extending yesterday's breakout.
Hard to look past Bitcoin today as buyers hit 30K, a price level not seen since June 2022. The move started yesterday as Bitcoin buyers broke above 28,600 resistance, and the move was held at the close, which is a great sign as it's the first set in confirming the move.
Today buyers jumped back into gear, breaking yesterday's high and moving back into the 30K Handel. In under two days, just over 7% of value has been added to its price.
The breakout looks to have confirmed an ascending triangle pattern, and these are quite common continuation patterns seen in up trends, so it's a good sign to see this as it could suggest that the current uptrend has further to run.
If we do see further upside, we will be looking at 31,800 as a possible level of resistance. If we do see a new reaction lower in the short term, we would like to see the breakout point become support which is a sign of buyer strength.
US CPI is due tomorrow, if we did see a surprise jump to the upside in US inflation, this could impact Bitcoin on the short term, but we hope that it would only be minor as Bitcoin has been running its own race so far this week ignoring yesterdays rally on the USD.
Good trading.
Bitcoin (BTC) • Uptrend is back or still cautious?Weekly trend still intact but how well looking is exactly the daily and intraday when we consider the range structure and other technical factors.
This video cover some datapoints that still not looking great despite PA trading on the upper side of the range close to the technical resistance zone.
Funding still marking positive most of the time leading into the resistance. Which is not bullish thing to observe during a consolidation range.
Price trading above 28k is structurally bullish but we formed a trading range over the last 14 days where the 28.6 is looking like the upper range zone as price fails to trade above it without getting rejected back down on several attempts in past 2 weeks
Main SPOT orderbooks are consistently showing sell pressure across the board for days and as of date of this video liquidity didn't decline (this can change over time before the market decide to move... is something to pay attention to consistently as range develops)
Bitcoin (BTC) Cup and Handle Formation Targeting $35k - AwaitingHelloooo BloodGang!
📈 Chart Analysis:
Cup and Handle Formation:
Bitcoin has been forming a classic cup and handle pattern, which is a bullish continuation signal. This is a large pattern , and it's still playing out. If the pattern completes as expected, we could see a potential target of around $35k for Bitcoin.
Pennant Formation:
Currently, a pennant pattern is forming just above the breakout level of the cup and handle. This is a short-term pattern, and we expect a breakout within the next 3 days. A successful breakout to the upside would confirm the bullish bias and support the $35k target.
Alternate Scenarios:
If the pennant fails to break out within the next 3 days, we might see the development of a larger pattern or a drop down to the Anchored VWAP (AVWAP) level, as mentioned in previous analyses.
🎯 Entry, Stop Loss, and Take Profit Targets:
Entry Point: Consider entering a long position upon a confirmed breakout of the pennant pattern.
Stop Loss: Place a stop loss below the recent swing low within the pennant.
Take Profit: Set a take profit target around $35k, which is the projected target of the cup and handle formation.
🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favour.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
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Happy trading!
BTC Bitcoin Technical Analysis & Trade IdeaWelcome to this video, where we will be looking at BTC Bitcoin paired with the USD. Currently, we can see that it has traded up to a significant resistance level. Below this level, there is a price gap and sell-side liquidity in the form of stop losses, which could attract bigger players. Throughout the video, we will analyse the trend, price action, market structure, price gaps, and touch on a potential trade opportunity. It is important to note that everything discussed in the video is solely for educational purposes and should not be interpreted as financial advice.
Bitcoin (BTC) • Reasons to be cautious hereMarch (along with bday week :P) is now behind us. April open at 28.4k close to the 2021 Open at 28.9k forming a new important technical range.
Price still doing consolidation under somewhat short pressure in most order-books.
Funding rates are positive and rising as sentiment keeps getting bullish... which typically not bullish specially at resistance.
Futures premiums saw a 2-3% spike during a transition into new month but now are normalising back with ongoing short hedging pressure.
Weekly and Daily trends and momentum still intact but it is important to notice that 28k is useful control point for risk/de-risk basis in case Daily trend start look odd. As I explained in the video a lot of this depending our positioning and what timeframes we are looking into.
Check the video for my full thoughts on what is going on.
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Let's Suss Out The 2023 Market Hey everyone, here's a quick video update. It looks like there's something wrong with Tradingview's screen record function, so it's possible the video will not show up. In that case, this will be audio only and there's not much I can do about it.
Finally had some time today due to a light workload this week (gotta love religious holidays). In this video, I talk about DXY, Bitcoin, Ethereum, Litecoin, XRP, and BNB. I hope you enjoy!
This video is meant for speculation and entertainment only - not as financial advice.
An overview of the markets Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done.
Good luck!
BTC & ETH - Detailed Video Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for BTC and ETH.
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
BRIEFING Week #14 : Shapella Ahead & OilHere'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 ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Can the Ichimoku predict a future recession?This is a 2 week chart of BTC using the Ichimoku Cloud and past pattern with hindsight of economic conditions (Covid 19). As many economists and market specialists have been saying we are in for a massive downturn. With the FED kicking the can down the road and inflating the economy more with Bank Bailouts, will we see a deflationary regime to the global earnings as corporate companies pay higher interest rates and consumers wait for prices to drop?
BTC Detailed Top-Down Analysis - Day 144Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich