The Triangle Of The Year => BTC 🏆Hello TradingView Family / Fellow Traders,
🏹 After a 50% surge from 25,000 to 38,000 , BTC has entered a consolidation phase within the confines of a symmetrical triangle, as highlighted in orange.
This development holds significant importance as it aligns closely with a yearly resistance zone between 38,000 and 40,000. The resolution of this pattern will likely dictate market sentiment for the remainder of the year.
📈 Should the triangle break to the upside, confirmed by a daily candle closing above 38,000, we anticipate a bullish continuation targeting the resistance range up to 40,000.
📉 Conversely, a downward break of the triangle, confirmed by a daily candle closing below 35,600, would signify bearish momentum, potentially leading to a substantial correction towards the 30,000 - 32,000 support and demand zone.
For now, we wait! ⏱
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!
~Richard Nasr
Longterm
NZDCHF - Following My Friend - The Trend 👬Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCHF has been overall bearish trading within the falling orange channel and it is currently retesting the upper bound / trendline.
Moreover, the zone 0.55 - 0.5575 is a strong resistance.
📉 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As NZDCHF approaches the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Knowing that NZDCHF can still trade inside the resistance zone before going down.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Comparing Previous Cycles ♠️Hello TradingView Family / Fellow Traders,
📊 Monthly Chart:
If history repeats itself, as seen in previous cycles, BTC is currently breaking out of the correction phase, and the impulse phase has already begun.
📊 Weekly Chart:
Consistent with past cycles, it is evident that BTC tends to retest the red zone before preparing for a parabolic upward movement.
Therefore, be prepared for a potential bearish correction before the bulls regain control in the medium term.
This bullish scenario remains valid as long as the red zone (30,000) holds, signifying no weekly candle close below this zone.
What are your thoughts?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Dividend ETFI've been holding this for more than a year and collecting dividends. With a yield 12.56% and Payout Ratio 47.12% is a good long term holding for your portfolio. Now is forming a falling wedge, looks like is going to break out. Even if the breakout fails eventually it will try again. In the mean time it pays good dividends every month.
SNOW is rising this Winter ❄️Hello TradingView Family / Fellow Traders,
❄️ NYSE:SNOW has been stuck inside a big range in the shape of a symmetrical triangle.
🏹 For the bulls to take over from a long-term perspective , and the Markup phase to start, we need a weekly candle close above the 210 resistance.
Meanwhile, as SNOW approaches the lower bound of the triangle, we will be looking for short-term 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!
~Richard Nasr
Bitcoin - Back Inside The Range? 📦Hello TradingView Family / Fellow Traders,
📌 on Weekly: Left Chart
As per my last analysis, BTC is still hovering around the 38,000 - 40,000 resistance zone.
🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level.
📌 on H4: Left Chart
Meanwhile, considering BTC's proximity to a resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 30,000 to 32,000 range.
📉 To trigger the bearish scenario, a break below the last significant low in red at 35,670 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Weekend idea 2: DCM Shriram can rise, investing can be idea wiseDCM Shriram Ltd. is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram CMP is 938.55.
The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 969. Targets in the stock will be 1016 and 1066. The long-term target in the stock will be 1119. Stop loss in the stock should be maintained at Closing below 853.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Weekend Idea 1: HDFC Bank rising from the bottom, can blossom. HDFC Bank Ltd. is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is one of the top banks in the country. HDFC Bank Ltd CMP is 1532.10.
The Positive aspects of the company are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 1536. Targets in the stock will be 1605, 1641 and 1675. The long-term target in the stock will be 1719 and 1758. Stop loss in the stock should be maintained at Closing below 1400.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
LONGTERM BIASEDDid not use any of indicators or any. Just wanted to know your thoughts on my longterm thinking about GU.
If I am counting DXY weakening (FED possible decrease of Interest rates, now or later.. even if they leave them on same levels, USD loosing on value) plus England getting better on longterm.
We can see possible rise in upcoming months and years. Let me know with your opinions or correct me. I will gladly change my mind if I am wrong.
Do NOT forget this is D TF.
Trade wisely and wish you only greens!
J
SasanSeifi 💁♂ theta / Price Consolidation in Weekly Time FrameHi everyone!
As you can see in the weekly time frame, after a downtrend, the price has been accompanied by positive fluctuations after ranging from the 0.56 price range. With the break of the downtrend line, it was able to grow to the 1.17 price range. Currently, it is trading in a range at the 1.023 price range.
We can consider a scenario in which the price continues to range and accumulate volume and then resumes positive fluctuations. If it consolidates above the 1.30 resistance range, we can see growth to the 1.70 liquidity range. In the case of growth, to better understand the continuation of the movement, we need to see how the price reacts to the target range.
The important support level in the weekly time frame is 0.56. Otherwise, if the price penetrates below the 0.56 LOW range and consolidates, the possibility of further correction can be considered.
🟢 Keep in mind, it's essential to perform your own analysis and take into account additional factors before making any trading choices. Best of 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!🙌✌
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this important ETH update.
Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.
On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.
So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)
What do you think about this? Share your thoughts in the comments section.
if you like this idea then do support it with like and follow.
Thank You!
SOL 🎵 Playing Out LoudHello 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.
H4 : Right Chart
📈 From a medium-term perspective, SOL is still bullish trading within the green rising broadening wedge.
📉 SOL will remain bullish and we will be looking for trend-following buy setups after every correction, unless the 50.0 support is broken downward, in which case a bearish correction would begin.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SNAP - No Longer Ghosting 👻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 NYSE:SNAP has been confined within a range for nearly a year , indicating a significant accumulation phase.
📈 For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial.
In such a scenario, the Markup phase would initiate, propelling the price towards the 30.0 mark.
🏹 Meanwhile, SNAP is expected to consolidate. As it nears the lower bound at 10.0 once again, we will be actively searching for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NEARing A Strong Support ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BITRUE:NEARUSDT has exhibited an overall bullish trend , trading inside the rising broadening wedge in red.
At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting a strong support/structure 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 support 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