BTC - Critical Resistance Retest ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 This week, BTC broke below the 29,500 support level and the previous major low, signaling the bears' dominance in the market. Currently, the price is trading within the falling red channel, indicating a downward trend.
📈 To regain control, the bulls need to achieve a momentum candle close above 29,850. This could potentially shift the market sentiment in favor of the bulls.
📉 However, it's important to note that the overall bias remains bearish, and the recent short-term bullish movement may be considered a correction within the larger downtrend.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Hodl
ETH - Around Support AGAIN ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis (attached on the chart), we were looking for buy setups around the green support.
ETH is still stuck inside a big range in the shape of a flat rising broadening wedge, and it is currently retesting the lower red trendline.
Moreover, the zone 1830 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
As per my trading style:
As ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
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
BTC - I am Back 😁Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After 2 weeks off the charts, I am back as a married man.
The past 2 weeks were boring, as BTC is still stuck inside a range. Hence, there haven't been many updates from a Daily timeframe perspective. I hope to post a short-term view by tomorrow.
🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial.
📌 However, as mentioned 2 weeks ago, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes.
📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary.
📌 BTC is now trying to break below 29,500. If this H4 candle closes below 29,500, we can anticipate a movement towards the blue support at 27,500. There, we will actively seek out new trend-following bullish setups.
Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Last Post For The Next 2 Weeks 🙏Greetings, TradingView Family, this is Richard, also known as theSignalyst.
📌 I am thrilled to share some exciting news with all of you. This Sunday (9th July), I will be tying the knot and embarking on a beautiful journey of marriage.
As a result, this will be my last post for the next two weeks as I will be away for my honeymoon.
Therefore, I aim to make this post incredibly detailed, covering various potential scenarios for the near future.
📌 Let's begin with a long-term perspective:
BTC currently finds itself within a strong rejection zone characterized by the following factors:
1. Round number at 30,000
2. Classic weekly support zone, which has now transformed into a resistance 30,000 to 32,000
3. Supply zone
🏹 From a macro standpoint, for the bulls to regain control, a weekly break above 32,000 in green is crucial.
📌 However, the bears still retain the potential to initiate one more bearish correction before the bullish momentum resumes.
📉 To trigger a bearish correction, a breakdown below the red support level at 29,500 is necessary.
If this occurs, we can anticipate a movement towards the blue support at 27,500, where we will actively seek out new trend-following bullish setups.
📌 Until either the bulls or bears seize control, we will be trading within a short-term range bounded by 29,500 and 32,000.
Now, I would love to hear your insights on which scenario seems more likely to unfold and the reasoning behind your perspective.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
ETH - It Is What It Is 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been stuck inside a range in the shape of a flat rising broadening wedge.
Moreover, the zone 1830 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
As per my trading style:
As ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📉 On the other hand, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
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
BTC - Still Inside A Range 📹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
SELL Monero, Not Quite, Not YetSince monero broke it's 164.60 support level on Feb 9th 2023, it has attempted to break this level in March and April and failed. Monero then retested the support level of 137.60 which was formed on December 28th 2022 and has been testing and holding multiple times.
Fast forward -for the last 6 days Monero has reformed and has been consolidating and holding the now reformed support level for the first time in 5 months
Once monero continues holding 164.60 or 151.90 it will pump. Keep the hodl bag
BTC - Are You Ready ? 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 As per my last educational post, we know that the bulls took over after breaking above the falling flag #4
📌 BTC has been sitting inside a strong rejection zone:
1- Round number => 30,000
2- Classic Weekly Support Zone Turned Resistance 30k - 32k
3- Supply zone
🏹 For the bulls to take over from a Marco perspective, we need a weekly break above 32,000
Meanwhile , the bears can still kick in for one more bearish correction before the bullish take over again. We will be monitoring price action on lower timeframes to confirm it.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Still Around A Strong Resistance 📹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
BTC - Make or Break ZoneHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis (attached on the chart), BTC rejected our Trio Retest zone and traded higher.
Now What?
BTC is sitting around a strong resistance / supply zone from Weekly timeframe / 31,000 - 32,000
🏹 For the bulls to remain in control , take over from a MACRO perspective, we need a Weekly Candle Close above the 32,000
📉 Meanwhile, the bears can take over for a correction if we break below 29,500
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
ETH - The Bulls Are Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis, we know that the bulls took over short-term by rejecting the Trio Retest zone.
Now What?
🏹 For the bulls to remain in control , and take over from a medium-term perspective, we need a break above the gray zone and upper red trendline.
📈 Meanwhile, the bears can still reject the red trendline acting as a non-horizontal resistance, to form a new swing high before breaking the channel. (to be confirmed 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
XRP - Clean and Clear 🎞Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for XRP.
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
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the 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
BTC - The Range Is Getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been boring for the last couple of weeks as it is stuck inside a range.
📉 The range is getting narrower because BTC is forming lower highs and equal lows as a descending triangle pattern.
As per the textbook, the descending triangle is usually a bearish continuation pattern. But to me, it can be broken either side.
If we break the last major low in red downward, we will expecting further bearish movement till around 25,000
🏹 Here is why the 25,000 zone marked by purple circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline from daily acting as a non-horizontal support
4- Lower orange trendline from H4 acting as a non-horizontal support
5- Demand zone
📈 In parallel, if BTC breaks above the last high in blue, we will be expecting a bullish correction till the upper orange trendline.
Which scenario is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XLM - Be Patient ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XLM has been stuck inside a big range in the shape of a flat rising broadening wedge and it is currently approaching the lower bound / red trendline.
Moreover, the zone 0.08 is a support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
As XLM approaches the 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
Bitcoin Forecast Sunny🌞 (Confidence: 0.98 )🌤️ Good news for Bitcoin investors! Based on the past hour's data, the weather in the Bitcoin world looks sunny ☀️. The cryptocurrency's price opened at 26302 and reached a high of 26387, with a low of 26254. This suggests a stable and positive trend in the market. The trading volume is also relatively high, indicating strong investor interest.
📈 Additionally, the EMA indicators (9, 21, 50, 100, and 200) are all showing an upward trend, with the EMA200 being the highest at 27729. This signals a potential long-term positive outlook for the cryptocurrency.
📉 However, it is important to note that the RSI value is low at 33, indicating that Bitcoin may be oversold. This could mean a possible price correction in the near future. The MACD value of -314 is also negative, which could indicate a bearish trend.
Overall, the sunny forecast 🌤️ is based on the positive trend seen in the majority of the indicators, with the caveat that investors should keep a close eye on the RSI and MACD values for any potential changes in the market.
Ethereum Sunny 🌞🌤️ Good news for Ethereum investors! Based on the chart index for the past hour, it looks like we're in for some sunny weather ☀️. The close price is currently above the long position entry point of 1980, indicating a positive trend.
📈 With a long take profit (TP) set at 2040 and a stop loss (SL) at 1720, investors may want to consider entering a long position. However, it's important to keep an eye on market trends and adjust the TP and SL accordingly to maximize profits and minimize losses.
💰 Overall, the forecast looks optimistic for Ethereum investors, but as always, caution and careful monitoring are key to successful trading in the cryptocurrency world.
BTC - Ready Steady Shoot 🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC rejected 30,000 resistance and now trading lower for a bearish correction.
Now what?
🏹 Here is why the 25,000 zone marked by red circle is a strong support:
1- Round number => 25,000
2- Classic Resistance Zone Turned Support
3- Lower red trendline acting as a non-horizontal support
4- Lower orange trendline acting as a non-horizontal support
5- Demand zone
📈 As per my trading style:
As BTC approaches the red 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
5 wave impulse wave EW THEORM Key Features:
Price Points: The chart highlights important price points such as the golds highest and lowest prices during the period.
Trend Lines: Trend lines are plotted to help identify the golds overall trend. Traders can use these lines to predict future price movements.
Technical Indicators: Various technical indicators are included on the chart to provide additional insight into golds performance. These indicators may include moving averages, Relative Strength Index (RSI), and Bollinger Bands.
Usage:
Traders can use this chart to analyze the historical price performance of Gold and identify potential trading opportunities. They can use trend lines and technical indicators to predict future price movements and make informed trading decisions.