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BTC - Accumulation or Short Buildup❗️Hello TradingView Family / Fellow Traders, BTC has been hovering within a narrow range marked in red around the $60,000 - $62,000 support zone. Scenarios: 1️⃣ Bullish - Accumulation For the bulls to take full control again, a break above the upper bound of the range is needed. In this case, a movement towards the $69,000 resistance would be expected. 2️⃣ Bearish - Short Buildup In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the lower bound of the orange channel around $55,000. Which scenario 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
by TheSignalyst
4
GBPNZD - Follow The Bears 🐻Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline. Moreover, the zone 2.055 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 blue supply and upper red trendline. 📚 As per my trading style: As GBPNZD approaches the red 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
Short
by TheSignalyst
Bitcoin... VRVP levels are marked! It's really starting to feel like we put our bottom in... As you can see on my chart, $BTC looks like it has found some kind of steady support on the Alligator Trend Indicator. Now, this does not by any means signify that we are out of the woods yet. Bitcoin still has a few major hurdles to overcome. One thing that new traders should understand is support & resistance. (I know, you're already thinking... "But D, I do understand support & resistance.") I mean understanding how 50k, 40k, 30k & even 20k were all price areas where $BTC became less volatile & hung around these prices for a while. The longer Bitcoin or any tradable asset hovers around the same price area, being range-bound for so long. This builds up visual range volume profile aka VRPR; which is the amount of volume being traded at different prices. unlike traditional volume where each candle presents how much volume there was between specific candles open & close. The VPVR measures horizontally. The more you zoom in or out, the more the VPVR will change; and that's because it is measuring the amount of volume compared to the number of candles shown on your chart at any given time. When you zoom out on a high timeframe like the daily chart (displaying price action spanning months/years in the past)You will see the VRVP change drastically and show high volume correlating with prices where the most trading occurred. The VRVP is a very powerful indicator that shows volume as support & resistance. hope you're sticking with me here... Since Bitcoin didn't come crashing down from 69 k to 17.5k within just a few short days or weeks. This created very strong support & resistance levels. Now we all know that when we break through a support level, it then becomes resistance & vice versa. Bitcoin held pretty strong at different price areas and this makes it that much harder to now break these resistance levels and confirm them into support. There is a lot of bullish signals, but we can't let that cloud our judgment. Even though it sucks, we have to realize the possible bearish outcomes in order to give us a more balanced & realistic idea rather than constantly assuming everything is always going to go up. We could test a resistance level and get rejected. If this does happen, I will be making sure that I'm live with my students who survived the bear market... because I believe if we do get a push up to the 23k area & get rejected... That we will 1st off, have the great shorting opportunity & can make some good money; a 2nd... I believe that would be our final push down, $BTC will capitulate and we will start the beginning phase of the next bull run! I already explained how and why I believe we're a lot closer to a reversal than some analysts may think & that's because I think the bull run ended & the bear run began back on April 14th, 2021, not November 10th.
BITSTAMP:BTCUSDLong
by PlanDeFi
Litecoin forms a W pattern! Price discovery soon?Well it looks quite good for the little bro of Bitcoin. We might go into discovery mode very soon. Fundamental: - MWEB is coming. (Quarkslab declared MWEB a safe and effective way to improve financial privacy) - Taproot is coming - Litecoin transactions near an all-time high after gaining ground in consumer finance - LTC Visa Card - More Adoption Technical - Nearly ATL against ETH and BTC - Potential W-pattern on weekly chart This is not a recommendation to sell or buy Litecoin or any other crypto asset. Always do your own research. Never invest more than you can afford to lose.
COINBASE:LTCUSDLong
by Lobotto
1
An ascending wedge pattern is near to break downside!In continuation of the previous post, a nice ascending wedge pattern is near to break downside! what does it mean ? 1- Ascending wedge pattern most of the time informs us about a reversal in the market, mostly in combination with other signals 2- The amounts of this decline is measured by its altitude, in our case, it is 40.5K 3- Remember it needs a proof for breaking its lines (in the case of decline= lower line), so don't hurry but wait for it then get a short position or wait for your desired price to get in (get a long position) And don't forget; if it is not able to break the lower line, it will go up slightly to reach upper line and test it again and again to finally break one side and move as fast as possible.
BITSTAMP:BTCUSDShort
by RoohSur
2
Ready for next Move... past $30We all seen the ascending wedge that Silver has created over the last year. This chart just gives extra validation to the trade idea with several other sub-indicators, that eventually we are going to break up from here and re-challenge $30 in next few months. First I have the falling wedge patterns in black. It is a typical bullish reversal pattern, at its resistance is at the 25.65 level currently. Second, we have the boilinger bands on the weekly. We can see everytime we touch here we get a nice bullish reversal. Thirdly, on the RSI, we see a previously overbought reading occuring from the $30 high, getting to 80(+) level to the now current 42 level a year later. the sideways trading movement has allowed price to stabalize at these higher prices, and allowed traders to get used to trading at these higher levels. We are also starting to gain some energy on the RSI at the bottom can see with the wedge breakout, so that coincides with the other two indicators above that we are bottoming out and ready to move higher. Lastly, what isn't listed is the COT report open interest. Non-Commercials are long 2:1 on silver and Gold, so that is also a good indicator that silver is bottoming as well and we can be on the precipice of a big move sooner, rather than later.
TVC:SILVERLong
by coreymurphy7288
Cardano VS Bitcoin Might Start Moving HigherThis week Cardano has reached the bottom, hitting 1926 satoshis low. There it has rejected the 88.6% Fibonacci support as well as the 8/1 Gann Fan trendline. Although the spike was below, the closing price stayed above the 1952 satoshis Fib support. Then ADA/BTC started to move higher, breaking above the downtrend trendline. Currently Cardano approaching the 2196 satoshis resistance that is 78.6% Fibs. Also there is the 50 Moving Average that is also acting as the resistance.  Overall, break above 2196 satoshis and 50 Moving Average should confirm trend reversal and should result in further growth, towards either 2607 or 3185 satoshis, both of which correspond to Fibonacci retracement level. But if resistance will be rejected price cold enter the consolidation phase and even result in a decline towards the 1673 satoshis level, where the bottom was formed back on the 18th of May.
by CryptoPAMM
4
Clams VS Bitcoin Might Not Go Any LowerClams coin has found the support at 40k sathosis. That is not only a strong psychological support but a 327.2% Fibonacci retracement level (applied to the corrective wave after the 62k support breakout). Clearly, 40k satoshis level has been rejected twice already, however CLAM/BTC is struggling to move above the 50k satoshis resitance, the 61.8% Fibs. At this point the consolidation between 40k and 50k satoshis is taking place and price has to break either for them to provide momentum for the next wave. Break and close above the 50k satoshis should push price up, towards strong resistance at 62k satoshis area, or perhaps higher, towards 69k satoshis. Both of these levels correspond to the 38.2% and 50% Fibonacci retracement. On a downside, close below 40k satoshis, should push price down to 427.2% Fibs at 34k satoshis.
CLong
by CryptoPAMM