BTC - Video Top-Down Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
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
Longterm
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound.
Moreover, the zone 1.0 is a strong demand zone and round number.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline.
As per my trading style:
As OP 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
EURAUD - OverSold Zone Ahead 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD is overall bearish trading inside the falling channel in red, and we are currently approaching the lower bound.
Moreover, the zone 1.590 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 red trendline.
As per my trading style:
As EURAUD 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
ETHERIUM LONG TERM market update I hope u know that this is a personal opinion and everything can happen in between this trends or s/r levels and market will never care about our feelings but we can have different opinions at the same time for ourselves and with risk management and stop losses for short term trades we can decide what to do at different points of live market
I hope u have the same opinion
ETH - Trio Retest ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been overall bullish from a long-term perspective trading inside the rising broadening wedge in blue.
After rejecting the 2000 resistance, ETH has been in a bearish correction trading inside the falling red channel.
🏹 Here is why the 1700 - 1750 zone marked by purple circle is a strong support:
1- Round number 1700
2- Classic Resistance Zone Turned Support
3- Lower blue trendline acting as a non-horizontal support
4- Lower red trendline acting as oversold zone
5- Demand zone
📈 As per my trading style:
As ETH 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
NDX - Rising Trend Channel [MID TERM]🔹NDX shows strong development within a rising trend channel in the long term.
🔹NDX has risen strongly since the positive signal from the DOUBLE BOTTOM formation at the break through resistance at 12042.
🔹NDX has support at 13000 and resistance at 16500.
🔹Overall assessed as technically positive for the long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Biggest drop for XRP from Huge Rejection This will be the biggest bull trap since the last bullrun back in 2017.
Right now met the strongest important Resistance into 0.50- Mid 0.54 area, should expect the big drop to happen to meet back towards down 0.45-0.30 area for a short retrace, and drop more continuously.
XRP bullrun won’t begin 2 months before the bitcoin halving of april 2024 which bitcoin halving will be happening.
XRP bottom target; 0.1500-0.1700 area.
XRP bullrun Target 560$
Experts predict that XRP will hit 100K until bullrun starts.
Brazilian bank with space potential 🚀
Warren Buffett is famous for his investments, which he makes right at very bottom, and then holds them for many years and stocks bring him > 1000%!
There is a high probability that history will repeat it self with this cryptocurrency bank, in which he invested $ 1 billion a couple of years ago.
In fact, this is the only bet on the cryptocurrency of an elderly investor.
🏦 Nu provides digital banking services.
Every year the revenue of this bank grows by 100-200%!
The company attracts between 4 and 10 million new customers every quarter.
Given population of Latin America, the fintech company boasts significant growth potential in medium term by capturing market share.
But it should be remembered that while the bank is unprofitable, but as soon as the first profit appears, this rocket will not be stopped!
According to technical analysis, the stock found a bottom in region of $3-4 per share.
Now a new growing channel has been formed, which is confirmed by high volumes, so there is every chance that the uptrend will continue.
60% remains to the historical maximum, we will probably see this goal already this year.
💳 Nubank
Ticker: NYSE:NU
🔰 Entry price from: 7.3$
📊 Repurchase price: $5.6, $4.
🎯 Goals: $12, $15, $18
💼 Volume per trade: up to 0.5-3% per portfolio
📈 Potential return: up to 150%
It is better to keep this deal for the medium term.
You should enter the deal gradually, without rushing.
Initially at 0.5-1% of deposit.
If the stock falls, then you can average the position by 1-2%.
If the stock grows, then the entry point was good and you can increase the position by 1-2%.
You can find even more profitable ideas in the profile header 🎩
If you are interested in analysis of any other asset - write in the comments and I will do it.
The MASK Has Fallen 🤿 Now What?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
MASK is overall bullish trading inside the rising channel in blue, and we are currently in a correction phase approaching the lower blue trendline.
Moreover, the zone 3.5 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 green support and lower blue trendline.
As per my trading style:
As MASK 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
GBPJPY - OverBought Zone ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPJPY has been overall bullish trading inside the red rising channel, however it is currently approaching the upper red trendline.
Moreover, the green zone is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPJPY approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top 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
ETH - Still Stuck 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected the lower bound of the flat rising broadening wedge and traded higher to reject the upper bound again.
🏹 As per my trading style , we will be trading the range UNLESS it is broken upward or downward.
📈 As ETH approaches the blue support again , we will be looking for short-term buy setups.
For the bulls to take over medium-term, we need a break above the red zone.
📉 In parallel , if as ETH approaches the red resistance, we will be looking for short-term sell setups.
And if ETH breaks below the blue zone, we will be expecting further bearish movement till the 1700 daily support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Make or Break Zone 💣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected the upper bound of the flat rising broadening wedge in orange and traded lower.
Now ETH is sitting around the lower bound / orange trendline.
Moreover, the blue zone 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 blue support and lower red trendline.
As per my trading style:
As ETH 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...)
Meanwhile, ETH can still dive inside the support zone again or break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Short-Term and Long-Term View ⛳️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern.
Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups.
🏹 For the bulls to take over long-term, we need a break above the current major high in orange.
on H1: Right Chart
From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders.
🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected.
📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement.
For now, we wait ⏱
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOGE - Critical Zone / Time ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DOGE has been stuck inside a range around the 0.065 support zone in green.
📈 For the bulls to take over, we need a daily candle close above the last major high in orange.
📉 Meanwhile , as we approach the green support again, we will be looking for short-term buy setups again.
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