Bitcoin (BTC) • Are the Japanese bullish?Bitcoin trading at very sticky 19k range.
The BTCJPY pair has some interesting volumes visible on FTX which i discuss in the video and what criteria m looking at to see it as good and where it invalidates my bias.
Funding rates are growing positive which is not good but while trades above 19.4 i see it structurally good. Nonetheless I'm concerned about it because even Funding weighted by Open Interest also rising sharply.
The orderbook also show some weakness and if PA break bellow 19.2 things can drop sharp unto the 18k.1 levels.
But overall we are inside in a macro lower range where it doesn't make sense to be net short but keep an expectation of revisiting lows for even better RR longs on those 17k levels.
Btc!
BTC Detailed Top-Down Analysis - Day 90Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
90 out of 500 days done.
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
Will BTC hit $22000? Bullish
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No frills, no bullshit! Just a quick update on the BTC Chart!
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DYOR - Not financial advice, just for education!
BTC Detailed Top-Down Analysis - Day 89Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
89 out of 500 days done.
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
63R booked this week. Update for 23rd of October 2022Hello everyone!
What a fantastic week for trading! We made insane returns(best week of the year). I have covered all the assets we trade and i mention to be very careful of being overly bearish or bullish. There are a few macro headwinds that we have to be mindful of.
Here is a list of some black swan events that you should be aware of:
-China intervention on Yuan
-BoJ(MoF) intervention on JPY - which we believe happened on Friday
-UK's political drama
-Russia-Ukraine War
Events that you should be aware(Central Bank week Bonanza) :
-Wednesday:
-Australia CPI &China GDP
-BoC Rate Decision
Thursday:
-ECB rate decision
Friday:
-BoJ rate decision
I hope you enjoyed the video! Hit me up in the comments if you have any questions or you have another idea!
The Shop Model - Trading Mindset This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business.
Let me know what you think,
Cheers for watching
BTC Detailed Top-Down Analysis - Day 87Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
88 out of 500 days done.
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
USDTUSD@coinbase as Short Term Gauge for BTCUSDT@binance dear fellows,
we've recently identified a leading to coincident relationship between BTCUSDT@binance and USDTUSD@coinbase.
although they do not always match, BTCUSDT tends to converge to USDTUSD in a matter of hours, when there is a gap, and follow it closely or soon after, otherwise.
we've observed that new lows or new highs in USDTUSD are indications of immediate revisiting tops and bottoms in BTCUSDT.
thank you and best regards.
BTC Detailed Top-Down Analysis - Day 87Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
87 out of 500 days done.
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
$10,000 Bitcoin - The Breakdown To Open EyesYou might not like to hear this but I have had a deep dive into the historical bitcoin chart off the weekly time frames and I can see too many similarities from the 2017 bull and bear market to the 2021/22 bull and bear markets. From the duration of the move, the time from high to low and the distance it fell. I am not saying it will get there, I am breaking down history and putting it to today to give us all a bit more information.
BTC Detailed Top-Down Analysis - Day 86Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
86 out of 500 days done.
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
BTC Detailed Top-Down Analysis - Day 85Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
85 out of 500 days done.
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
BTC Short 10 17 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
Analysis:
On the 3 min charts, BTCDown 3 candle confirmation occurred at around $1.144. This implies a current oversold condition for BTCDown. For safekeeping this time around, I waited for a 2-candle confirmation on the 5 minutes chart above the yellow moving average and a 1-3-candle confirmation above the lower white dotted fib line on the 3 min chart. This will be the safest oversold position for BTCDown.
based on this analysis, we should expect around 0.8% to 1.5% downward movement for BTC from this point. if you are really bearish, a 1.75% bearish move is within the realm of possibility between today.
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.