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Longterm

BTC - Medium-Term View 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 H4: Left Chart BTC is currently overall bearish from a medium-term perspective trading inside the falling channel in orange. Now BTC is sitting around the upper orange trendline acting as a non-horizontal resistance. 📌 on H1: Right Chart BTC bullish short-term as a correction trading inside the rising channel in red. If BTC breaks below the lower red trendline and zone, we will expect the next bearish impulse to start pushing till the lower orange trendline. 📉 Meanwhile, BTC is still bullish short-term and can still break above the upper orange trendline to retest the 30k-32k 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! ~Rich
by TheSignalyst
18
NZDCAD - Still Trading The Channel 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD has been overall bearish trading inside the falling channel in orange, and as per my last analysis (attached on the chart) we have been trading the channel. Now NZDCAD is approaching the upper trendline again. As per my trading style: As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) We will be looking for sell setups, UNLESS the channel is broken upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
10
GBPUSD - Trend-Following Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPUSD is has been overall bullish trading inside the fat rising red channel, and it is currently rejecting the upper bound. As we approach the lower red trendline, we will be looking for buy setups on lower timeframes. Moreover, the green 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 green support and lower red trendline. (acting as non-horizontal support) As per my trading style: As GBPUSD 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
by TheSignalyst
4
DOGE - Around Support Again ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that DOGE has been sitting around a strong resistance and round number 0.1 DOGE rejected the resistance and traded lower, and now it is sitting around 0.08 support in blue. 🏹 For the bulls to take over short-term , we need a break above the last major high from H4 highlighted in orange. 🏹 And for the bulls to take over from a long-term perspective, we need a daily close above 0.107 In this case, a movement till the next resistance 0.13 would be expected. 📉 If we break below 0.075 , we will be expecting further bearish movement till the lower red trendline where we will be looking for new short-term buy setups. 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
by TheSignalyst
18
EURJPY - Strong Resistance Ahead ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY has been overall bullish trading inside the red rising broadening wedge pattern, however it is currently approaching the upper red trendline. Moreover, the blue zone 150.0 is a strong resistance and round number. 🏹 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 EURJPY 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
Short
by TheSignalyst
6
BTC - Bulls Took Over Short-Term ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC video analysis (attached on the chart) we know that the bulls would take over short-term by breaking above the last minor high in gray. Yesterday, BTC broke above the high and approaching a minor resistance in red. Now What? 🏹 For the bulls to remain in control, we need a break above the red zone 29250, in this case we will be expecting further bullish movement till the 31,000 resistance zone. The bears will take over short-term again, if we break below the last minor low (currently around 28250) Which scenario do you think 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
by TheSignalyst
10
🔥 Bitcoin's Worst Case Bullish Scenario 🚨Back in January I made an analysis on Bitcoin where I argued that the bottom was likely in. I used the support drawn on the chart as one of my main arguments. Seeing that this support has dictated BTC's price action for nearly 6 years, it's definitely one you should keep an eye on! Seeing that there's a lot of bearish views on the market lately, I want to take a look at the worst case bullish scenario. In my eyes, this would be a move towards the dotted purple support. A break below this point would break a 6-year market structure, which would be very alarming 🚨. As long as we will not get a full-on stock market crash, I don't see BTC falling below this support, thus staying long-term bullish. I don't see BTC revisiting the bottom support at this point in time. I'm first looking at the 25,000 area as explained in my Elliot Waves analysis below. Nevertheless, it's important to consider different scenario's and outcomes.
CRYPTO:BTCUSDLong
by FieryTrading
7