BTC - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our latest analysis, attached on the chart, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then.
As long as the bulls remain in control, a continuation towards the $61,000 - $62,000 resistance zone is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Btc-bitcoin
LINK Long-Term Entry OpportunityLINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders.
To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish trade.
Keep in mind that it's a risky bet. BTC is slowly bleeding and alts overall look bad. However, a R/R over 20 when trading from an established long-term support is worth a bit of risk.
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) .
According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) .
Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern .
I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle .
If you want to know more about Bitcoin, please look at the below post:
Note: If Bitcoin breaks the uptrend line, we can expect more dumps.
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin: To the Moon? | Analyzing the '3 Market Phases'Hello everyone!
Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum.
Key points:
Break below the channel: A breakdown could signal the beginning of a significant downtrend. However, if the channel holds, the uptrend is expected to persist.
Uptrend continuation: There’s a solid chance we could see a rise toward the 63K level.
This is not a buy or sell recommendation.
It reflects a personal viewpoint and is intended for reference only.
All decisions and responsibilities lie solely with you.
All About the Head & Shoulders Pattern(Beginner-Friendly) Part.2Hello, everyone.
Today, I’m excited to share the second part of my educational series on chart patterns.
In this post, we’ll be focusing on the 'Head and Shoulders' and 'Inverse Head and Shoulders' patterns.
For those who missed the first part, you can catch up here:
↓↓↓
As always, I’ve kept the explanations simple and beginner-friendly. I hope this guide provides you with valuable insights!
Here’s today’s outline:
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✔️ Outline
1. What is the Head and Shoulders pattern?
Definition
Key components
Characteristics
2. Head and Shoulders
Basic features
Examples
3. Inverse Head and Shoulders
Basic features
Examples
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1. What is the "Head and Shoulders" pattern?
1) Definition
The Head and Shoulders pattern is a well-established reversal formation that appears after an uptrend and signals the potential start of a downtrend. It indicates that buying pressure is weakening and selling pressure is gaining momentum.
2) Key components
Left Shoulder: The initial peak, where the price rises and then pulls back.
Head : The highest peak, situated between the two shoulders, representing the final bullish push.
Right Shoulder: The third peak, which is typically lower than the head but similar to the left shoulder, signaling diminishing buying interest.
Neckline: A key support line drawn across the lows of the left and right shoulders. A decisive break below this neckline confirms the reversal and the beginning of a downtrend.
3) Characteristics
Reversal signal: The Head and Shoulders pattern marks a transition from an uptrend to a downtrend.
Easy identification: The structure is visually distinctive, with three clear peaks.
Neckline significance: A break below the neckline serves as a confirmation signal for the downtrend.
Volume dynamics: Volume typically rises during the formation of the left shoulder and head, decreases during the right shoulder, and surges again when the neckline is breached.
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2. Head and Shoulders (Reversal from uptrend to downtrend)
1) Basic features
End of an uptrend: The Head and Shoulders pattern forms at the end of a bullish phase, signaling a weakening in buying strength.
Distinct peak heights: The head is always higher than the shoulders, which are generally symmetrical, though the right shoulder may sometimes be slightly lower, enhancing the pattern’s reliability.
Neckline as a trigger: The neckline acts as a critical support level. A break below it confirms the pattern and signals the onset of a bearish trend.
Volume confirmation: Volume increases during the left shoulder and head formations, weakens during the right shoulder, and spikes when the neckline is broken, confirming a potential sell-off.
Price target: After the pattern completes, the expected price drop is typically equal to the distance between the head and the neckline, providing traders with a target.
2-1) Example 1
In this example, we see a fakeout at the right shoulder, followed by a sharp decline.
After a brief retest of the neckline, the price broke through and continued its downtrend.
2-2) Example 2
In this chart, a fakeout occurred when the price dropped from the head and formed the neckline, misleading many market participants. After forming the right shoulder, the price successfully declined. There were two retests, which confirmed the reliability of the pattern.
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3. Reverse Head and Shoulders (Trend reversal from downtrend to uptrend)
1) Basic features
End of a downtrend: The Inverse Head and Shoulders pattern typically forms at the end of a downtrend, signaling a potential reversal to the upside.
Formation of lows: Like the standard Head and Shoulders, this pattern consists of three lows—left shoulder, head, and right shoulder—with the head being the lowest point.
Neckline significance: The neckline is drawn across the highs of the left and right shoulders. A break above this line confirms the reversal and acts as a strong buy signal.
Volume pattern: Volume tends to decrease during the formation of the pattern but surges when the neckline is broken, signaling strong buying momentum.
Target setting: After the pattern is confirmed, the expected price rise is often equal to the distance from the head to the neckline, which helps traders set profit targets.
2-1) Example 1
After the Head and Shoulders pattern formed, the price broke above the neckline, successfully reversing the downtrend into an uptrend. A buy strategy would have yielded profits at the breakout point.
2-2) Example 2
In this example, a smaller Reverse Head and Shoulders pattern formed within the head of a larger pattern (see Example 3). After two successful retests, the price reversed into a strong uptrend.
2-3) Example 3
This example showcases the smaller Reverse Head and Shoulders pattern mentioned in Example 2, located within the head. After two successful retests, a buy strategy could have led to profits as the price reversed into an uptrend.
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✔️ Conclusion
"Charts are the maps of the market."
The Head and Shoulders and Reverse Head and Shoulders patterns we’ve covered in this post are key signals that frequently appear in the market. Charts aren’t random—they are visual representations of market psychology and investor behavior. As traders, our role is to interpret these maps, navigate the market, and make informed decisions.
Investing is more than just buying and selling. Sometimes the market may move contrary to our expectations, while other times we seize opportunities and achieve success. Each experience is a chance to learn and grow. The more experience you gain, the more paths you’ll recognize on the chart.
Success in this market requires persistence, patience, and continuous learning. Understanding and analyzing chart patterns like the ones discussed here is just the beginning. I hope this post has helped you gain a deeper understanding of the market and make more informed decisions.
The market is always evolving, but within that evolution lies opportunity. The key is developing the ability to spot those opportunities. With knowledge, experience, and confidence, you’ll find greater success.
Stay prepared, and always listen to what the market is telling you.
TAO Bullish Inverse Head & Shoulders: Patience is Key!TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete.
If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!
ID: Best Entry Is Here! Swing Trader's DreamThis analysis is a follow-up on my previous ID post.
As of this week, ID has successfully touched the bottom support and reversed from it. Too early to tell whether this is a long-term bottom, but at least the support held strong.
If you were ever considering to buy ID, this is the time.
HelenP. I Bitcoin can little correct and then continue to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a fake breakout of it. Next, the price started to grow and later it grew almost to a resistance level, where it some time traded. Then the price rose to the resistance zone, where it touched the trend line one more time and then started to decline. In a short time, BTC fell to the support level, which coincided with the support zone, and a not long time ago it rebounded and started to move up. So, in my mind, I expect that BTCUSDT will make little correction movement and continue to grow to the trend line. For this case, I set two goals, first at the - 57400 points, and second at the 60600 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
BTCUSD: Descending Broadening Wedge Pattern and $100K TargetThe Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an expanding range, creating a downward-sloping resistance line and a support line that also declines at a steeper angle.
I have identified an intriguing Descending Broadening Wedge pattern on BTCUSD. The chart clearly depicts this pattern through a series of lower highs, depicted by blue arrows, and lower lows, depicted by black arrows. The price tends to rebound between the support and resistance lines, with these rebounds depicted by orange arrows.
To confirm a bullish move, it is crucial to wait for a price breakout above the resistance line of this pattern. A breakout from this resistance will signal a momentum shift and could serve as a strong indicator of a price surge, depicted by the green arrow, with the target for this price surge being the psychological level around $100,000.
US30 (Log Chart)- firstly i want to explain what is US30, you can google it :
- US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period".
- So basically...when u have a Top30, if one company fail, this company is replaced by number 31.
- it's same in football or tennis, if you are in the top30 and u fail to win, you lose your rank and down to 31 right? Then u are not in Top30 anymore ?
- So you are replaced in the Top30 list (but sport is not a Ponzi, it's a real effort to be on the Top of the chain).
- Just made this text to explain how a big Ponzi works.
- Companies in US30 are not Ponzi because they work hard to stay in the Top30.
- but in matter of " Efforts", if you have the power to create your own money, you can do everything, and also buy your own stocks.
- Hope u get it.
- So when i read some peoples speak Bitcoin is a Ponzi, it makes me smile.
- it's clear that they didn't read at all Satoshi's White paper, or they are hypocritical.
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- Thirteen years ago today, Satoshi released the Bitcoin genesis block - block 0.
- Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
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To be a precursor, you need to know the future, Satoshi knew the future.
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- So let's back to the chart :
- from 2009 to 2020. 11 years. DowJones was just perma bullish all the time with some small ridiculous dips.
- you can see how US30 Reacted during Covid worst pandemic situation in the world.
- after a fast dip in 2020 caused by Covid news.
- US30 went up for 672 days ( annotated in chart ) during a 2 years frustrating and painful lockdown.
- so it means those Top30 companies weren't affected by this pandemic situation.
- Really Weird.
- Actually imho, i think they were just preparing the actual dip, but this is just my own view.
- honestly, i just hope my US30 analysis fails.
- it would means that this time, governments are starting to be honest.
Happy Tr4Ding !
ATOM: Signaling Further Market Decline?In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle.
Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically made lower-lows throughout.
This token had a 5B marketcap just a few months ago, so we're seeing some serious money leaving this token. Naturally, there's something going on in the background which amplifies the sell-off, but I'm looking at it as a potential signal that the alt market is currently in a bad spot.
There's a lot of alts that are currently not far away from their bear-market lows. If we see more and more making fresh lows it could be an indication that more selling is yet to come.
BITCOIN USDT PAIR - CUP AND HANDLE PATTERN SPOTTEDCup and Handle Pattern:
The Cup: The chart shows a rounded bottom formation that resembles a cup, often indicative of a longer consolidation period before a breakout.
The Handle: After the cup formation, the price appears to be forming a handle, which is a short-term downtrend before the breakout. The handle often slopes downwards slightly, and once the price breaks out of the handle's resistance line, a significant move upwards can follow.
Key Resistance Level:
The resistance seems to be around the $65,000 - $70,000 level. A breakout above this area would likely indicate a continuation of the previous bullish trend.
Volume Analysis:
The chart shows increasing volume during the cup formation, which is a healthy sign for the bullish pattern. However, it looks like volume has decreased slightly in the handle phase, which is normal for this pattern. An increase in volume during a breakout from the handle would confirm the strength of the upward move.
RSI (Relative Strength Index):
The RSI is currently at 57.21, which is neutral. It indicates there is still room for upward movement before entering overbought territory (above 70). This supports the bullish view if the price breaks out.
Stochastic Oscillator:
The Stochastic indicator shows a value of 61.68 (blue), which is also relatively neutral but trending upward. If the stochastic continues its upward movement, it may suggest a potential entry point for buyers before hitting overbought conditions.
VM Candle Divergences:
The chart uses a custom indicator (VMC Cipher Divergences), which might show some bullish divergence, but it requires confirmation through volume and momentum changes.
Prognosis:
If the handle breakout occurs above the resistance line (~$65,000), the next bullish target would be near previous all-time highs, around $75,000 or higher.
A failure to break the handle's resistance could lead to a short-term pullback to test lower support levels around $50,000.
Market Outlook:
Bullish Case: A successful breakout would lead to a continuation of the uptrend, and the price could target $75,000 - $80,000 in the next phase.
Bearish Case: Failure to break resistance at around $65,000 may lead to a correction back to $50,000 - $45,000, where stronger support lies.
This analysis leans toward a bullish outlook, as the technical pattern suggests a breakout might be imminent. However, monitoring volume and momentum indicators will be key for confirming the next move.
BITCOIN / USDT PAIR ON BINANCE (TECHNICAL ANALYSIS+TRADE PLAN)Technical Analysis of the Chart by Blaž Fabjan:
Descending Trading Channel:
BTC is trading within a descending channel, showing lower highs and lower lows, which typically signals a downtrend. However, it is nearing the bottom of the channel, often a zone for potential reversal.
Support and Resistance Zones:
Support: The two orange zones indicate strong support areas around $51,000 and $50,000. BTC may find buying pressure in these regions, especially as it touches the lower bound of the descending channel.
Resistance: The current resistance area is around $55,000. BTC will need to break through this level to confirm a trend reversal.
Indicators:
RSI (Relative Strength Index): RSI is currently around 55, indicating a neutral trend. However, it is slightly moving upwards, suggesting potential bullish momentum, though not overbought yet.
Stochastic Oscillator: This is showing a crossover at 74, indicating upward momentum, but it’s close to the overbought region. This may signal some resistance to immediate bullish continuation.
VMC Cipher B Divergences: This indicator is showing bullish divergences at several points, signaling potential reversal zones. Divergence with price action suggests a potential trend change in the near term.
Trading Plans:
1. Intraday Trading Plan:
Strategy:
Trade within the current channel. Watch for a breakout from the descending channel, especially on the 1-hour chart.
A breakout above the $55,000 level could confirm a short-term bullish move.
Look for pullbacks towards the $53,500-$54,000 region to enter long positions, targeting $55,500.
Place a stop loss just below $53,000 to protect against fake breakouts.
Indicators to Watch:
RSI trending above 60.
Stochastic Oscillator maintaining bullish momentum.
2. Scalping Strategy:
Strategy:
Focus on small price fluctuations within the support and resistance zones.
Look for quick entries near the support zones (around $53,500) and exits before it hits resistance ($55,000).
Scalping in tight time frames (5 to 15 minutes) around these price levels.
Key Levels:
Enter around $53,500 and exit at $54,500.
Place tight stop-loss orders around $53,000 to manage risk.
3. Swing Trading Strategy:
Strategy:
If BTC continues trading within this descending channel, wait for a breakout confirmation to take a long position.
A breakout above the channel and $55,500 would signal a strong move upwards, potentially to $58,000 or higher.
Enter long positions if BTC breaks and holds above the $55,500 resistance level, targeting $58,000 and beyond.
In case of a further dip, enter long positions around $50,000 support, which appears to be a strong reversal point.
Stop Loss: Below $50,000.
Conclusion and Long Position Advice:
Near-Term (Intraday): BTC could break above the descending channel, leading to a short-term bullish move towards $55,500. Watch closely for a breakout confirmation. You could consider entering long positions on pullbacks or a confirmed breakout.
Medium-Term (Swing Trading): A solid break of the $55,500 resistance could lead to a potential rally towards $58,000. Be cautious of potential false breakouts and place stop-losses below support levels.
Scalping: For those aiming for quicker profits, you can take advantage of price fluctuations within the $53,500-$55,000 range.
Overall, the chart shows signs of a potential bullish reversal, especially if BTC breaks out of the descending channel. For now, conservative traders may wait for a breakout confirmation before entering long positions. However, aggressive traders can consider buying near support levels, keeping in mind the risk of downward movement in case of failure to break resistance.
Bitcoin Starting to show some strength ! Check this out.... Good morning everyone and welcome to another weekend session.
Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6.
this is very important because if we can see the liquidity and buying pressure this is showing the conclusion of a bearish trend
So for this week, Bitcoin will probably show some liquidity, which will cause long wicks to the downside, indicating strength and a rejection of further decline. Most likely, by the end of this week or during the next, we will start to see an upward trend.
Thankyou for your support
Best Regards
TON: The Perfect Entry For Those Who Missed The Pump!TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down.
For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's application on a deeper level.
Looking at the chart, the most logical place to buy would be from the bottom diagonal support. I put the entry at 4$ as a guide, but feel free to move it up or down depending on where the price touches the support level.
HelenP. I Bitcoin will make small move up and then continue fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rose to resistance 2, which coincided with the resistance zone and broke this level. Then it rose a little higher than the resistance zone and some time traded near until it reached the trend line and then BTC started to decline. In a short time price declined to resistance 1, which coincided with one more resistance zone, breaking resistance 2. As well, the price started to trades inside the wedge, where it rebounded from resistance 1 and tried to grow, but failed and soon dropped back. Some time later BTC fell to the resistance zone and at once rebounded to the trend line, which is the resistance line of the wedge also, and then declined to the support line of the wedge, breaking resistance 1. Recently price bounced up to this level and tried to break it, but failed and now trades below. In my mind, BTCUSDT will make a small movement up and then continue to decline to support line of the wedge. Therefore I set my goal at 54800 points. If you like my analytics you may support me with your like/comment ❤️
BTC: Will the BIG INVINSIBLE "M" instigate more fear?BTC: Will the BIG INVINSIBLE "M" instigate more fear?
BTC is not surprisingly giving out more fair valuation on the go. The Fear Greed Index is showing more are selling to keep their position in the clearance.
After slightly broke down below the diamond. The price action climbed back to the edge of the "SUPPORT" base of the DIAMOND SHAPE.