The Reversal is NEAR 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NEAR has exhibited an overall bullish trend , trading above the red trendlines zone.
At present, NEAR is undergoing a correction phase and it is currently approaching the red trendline acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NEAR approaches the lower blue 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
Longterm
BTC - Short-Term Decision Zone 📈📉Hello TradingView Family / Fellow Traders,
After breaking below the 45,000 local support, BTC traded lower, and it is currently sitting around the lower bound of the orange flat wedge pattern.
Now, what's next?
As long as 41,300 holds, we will be looking for trend-following buy setups.
📈 For the bulls to take over, we need a momentum candle close above the 44,100 local resistance. In this case, a movement towards the 48,000 - 50,000 resistance zone would be expected.
📉 Alternatively, if 41,300 is broken downward , we expect further bearish movement towards the 38,500 demand zone.
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!
~Richard Nasr
Bitcoin ETF Long vs Short🔥🔥🔥ETF got approved and price did... Nothing...
Just as I've said for months now, its the BAKKT futures hype all over again. Now crash it back down until halving April this year.
ETF news, but not even the slightest pump. Still up 55.000$ trading last few weeks. Dropping a huge short here again:
SasanSeifi 💁♂ ETC / 3DAY⏩ 28$Hey everyone,
As you can see in the 3-day timeframe, the price has been rising from the demand zone and bullish order block. It broke the downtrend line and retraced back to the 22-dollar price range. It is currently trading at 22.30 dollars.
In the medium term, the price may continue to rise to the BEARISH BB zone.
Here are two scenarios we can consider:
1 The price could rise from the 22-dollar range.
2 The price could range between 21 and 20 dollars for a while, and then rise to the target ranges of 27 and 28 dollars.
If the price rises, it will be important to see how it reacts to the BEARISH BB zone. This will help us to understand the continuation of the trend.
⭕On the other hand, if the price breaks below the 20-dollar range and consolidates, it may be facing a correction.
I hope this helps!
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
2024 Crypto SUMMER is here! PRICE, TRENDS & FORECASTSIn this video we lay out our short and long-term forecast for the entirety of 2024 Crypto Summer and beyond. Also, we do a little review and take a look at how our forecast stacked up against the eventful 2023 Crypto Spring. As always please feel free to leave your thoughts and ideas in the comments and thanks for watching!
USDCHF - Follow The Trend 🐻Hello TradingView Family / Fellow Traders,
📈 USDCHF been overall bearish , trading inside the falling blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 0.86 is a robust supply zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups, as it marks the intersection of the green supply and upper blue trendline.
📚 As per my trading style:
As USDCHF approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BTC - Next Stop 50k 📍 Unless!Hello TradingView Family / Fellow Traders,
In my latest analysis, BTC successfully surpassed the 45,000 resistance and traded higher.
However, yesterday, BTC faced rejection at the 48,000 level and the upper boundary of the orange wedge pattern.
Now, what's next?
📈 BTC is anticipated to remain bullish , and we anticipate a potential movement towards the weekly resistance zone between 48,000 and 50,000, as long as the 44,500 support level is maintained.
📉 In the event of a downward break below the lower red trendline and the 44,500 support level, we expect a continuation of bearish movement until reaching the lower boundary of the orange wedge pattern, approximately around 42,500.
Which scenario do you believe is more likely to occur first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XRP Long term buy zones - BTC ETF cancelled push down XRPSlow grind for XRP could ensure that we see the lows once more. The upcoming BTC ETF will probably not be approved in one go. As a result, XRP will probably fall along with BTC.
As you can see the bottom line will take us to +/- 0.40$ first buy zone where I buy 10,000$.
If this structure gets broken to the downside, it would probably be a fast wick down and up.
So my second buy zone would be around 0.30$/0.25$. Where I buy another 6,000$.
For a flip to 0.90$ XRP
Please let me know your thoughts in the comments!
EURJPY - Potential Bearish Control 🐻Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the red resistance and upper blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
KSM - Bird Set Free 🦅Hello TradingView Family / Fellow Traders,
📈 After a 100% surge, KSM has been in a correction phase trading inside the falling channel in red.
Currently KSM is approaching a robust demand zone highlighted in blue.
🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in red is required.
Meanwhile, until the buy is activated, KSM can still trade lower and dive inside the demand zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Bitcoin Bullish in 2024🔥✅On the 29th of December, I talked about the rise of bitcoin to new prices. There were many reasons for this.
🗣️ Bitcoin ETF: Pays off for the long term, VanEck advisor remains bullish.
➡️ VanEck Advisor Gabor Gurbachs shares his positive long-term view on the Bitcoin ETF.
➡️ Gurbachs compared the rise in gold prices after the launch of the first gold ETF (in 2004).
💰 Arguing against hype that ETFs are short-term, he noted that the approval of a spot Bitcoin ETF in the US could create trillions of dollars in value.
LDO crossing WEEKLY resistance levelldo crossing key weekly level of resistance
enter now and add on bullish retest
stop loss 2.975
targets 4.280 / 4.977
if you get stopped out re-enter on breakout of 3.103
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
HLEGLAS BuyBuying Side Opportunity is found in this stock on Monthly Candle.
Stock is consolidating for more than 3 months and now approaching for upside breakout.
A classic Consolidation and Breakout Pattern.
Confidence Level - 90%
Entry range -> 540 to 570
Stop loss Range (Short-term - 530 & Long-term 500-460)
Note : Stop loss is based on your personal preference.
Target Ranges
Target 1 -> 680 - 700
Target 2 -> 750 -800
Target 3 -> 980 - 1000
Target 4 -> 1500++
NOTE : This is for educational purpose. I am not any SEBI Registered RA. Consult with you financial advisor before making any decision.
LAI retraced and looking goodLAI retraced to daily order block
may go lower but this would be a great entry
with lower entries on chart
HUGE divergence on histogram
Quarter 1 Road map on chart
( still holding this one )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
SOL 🎵 Please Don't Stop The MusicHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Weekly: Left Chart
📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase, and then reached our around 130.0.
H4: Right Chart
📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red.
This week, SOL rejected the 130.0 and upper red trendline and traded lower.
Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support.
🏹 Thus, as long as the trendline holds, we will be looking for trend-following buy setups 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
STACKS ( STX ) long term ideaLONG term hold idea
Very nice higher low... currently at an area of resistance ( order block )
2 entry ideas ( 1 for breakout and 1 for pullback support bounce )
Year 2024 Plans for Stacks:
Implement Nakamoto upgrade for enhanced speed and security in layer 2 solutions.
Integrate ALEX's off-chain STX20 trading technology.
Objective: Revitalize the Bitcoin L2 ecosystem
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
A Potential Correction on Bitcoin Incoming?Introduction
In the ever-evolving landscape of cryptocurrency trading, the ability to interpret market indicators is invaluable. The latest data from Bitcoin trading charts presents an interesting narrative: Bitcoin, the flagship cryptocurrency, might be showing signs of an impending shift in its market trajectory. The chart shown, which tracks Bitcoin against the US dollar, is overlayed with the Volume Exhaustion indicator that highlights peaks in trading volume. These peaks are more than just blips on the radar; they could signal critical junctures in Bitcoin's market cycle, possibly indicating the end of its current rally. In this article, we delve into the analysis of these indicators and explore the implications for Bitcoin's short-term future. Could we be on the cusp of a correction, or is the market simply catching its breath before climbing to new heights? Let’s explore what the chart suggests about the potential paths ahead for Bitcoin.
Potential End of the Bitcoin Rally
From the chart, we see volume peaks highlighted, which often coincide with significant price movements. High trading volumes can signal the climax of a price trend, especially when they occur at the peak of a rally. The reason is that high volumes reflect high levels of activity, which, at the end of a rally, might mean that most buyers who were willing to buy have already entered the market, leaving less demand to push the price higher.
Correction or Consolidation
After such peaks in volume and price, markets typically enter a correction or consolidation phase. A correction is characterized by a drop in price, where the market 'corrects' some of the gains made during the rally. This might happen due to various reasons, such as traders taking profits or a change in market sentiment. On the other hand, consolidation is a period where the price stabilizes and moves sideways. This could suggest that the market is in a state of indecision, with the forces of supply and demand nearly balanced.
Looking Ahead
Investors and traders might interpret the current situation as a signal to exercise caution. It could be a time to consider taking profits or hedging positions to manage risk. However, it's also essential to consider other market factors and news that might impact the price of Bitcoin.
Conclusion
The indicators on the chart suggest that we might be near the end of the current Bitcoin rally. While this could lead to a price correction or a consolidation phase , it's important for investors to conduct a thorough analysis, considering both technical indicators and market fundamentals before making investment decisions. As always, past performance is not indicative of future results, and it's crucial to approach trading with a solid strategy and risk management practices.