How I confirm a signal and enter a tradeQuick 2:00 clip of, LTF trade signal and entry for potential short-term reversal trade.
This is a more risky version of my trading strategy which doesn't put much emphasis on the HTF trends and structure. Do not take this trade - this is just an example that if signals lined up with HTF and there was confluence, this is how I would trade it.
Happy trading :)
Shortterm
ETH/USDT Short-Term ReviewHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we see that the price remains at the upper limit of the support zone from $1,625 to $1,607, then we have the second zone from $1,577 to $1,557, and then strong support at $1,530.
Looking the other way, we have to overcome a strong resistance zone from $1,640 to $1,669, and after breaking above it, we can see a strong upward movement to around $1,755.
Looking at the CHOP indicator, we see that there is little energy left for the next move, while the RSI indicator shows a return to the lower part of the range, but with room for the price to fall lower.
BTC Short-Term 1HInterval ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line.
After unfolding the Fib Retracement grid, we can determine a support zone from $26,422 to $26,132, then we have a second zone from $25,656 to $25,320, and then strong support at $24,885.
Looking the other way, we see that the price has turned back before the resistance zone from $26,918 to $27,461, when we overcome it, we have another very strong resistance at the price of $28,160.
Looking at the CHOP indicator, we see that the energy is running out, while the RSI indicator is back near the middle of the range, which gives room for a new increase, but it is worth waiting for the energy to regain.
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57.
Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70.
Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
BTC 1H Interval Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved higher from the local downtrend line.
After unfolding the Trend Based Fib Extension grid, we see that we have a support zone from $26,040 to $25,573, and then we can designate a second strong support zone from $25,193 to $24,802.
Looking the other way, we see that the price is trying to overcome the resistance at $26,741, and when it does, it will move towards the resistance zone from $27,231 to $27,879.
The CHOP index indicates that most of the energy was used in the current move, on the RSI we are moving in the upper part of the range and reversals give room for growth, while the STOCH indicator indicates that the energy in this move has been used, which may provide a moment of recovery.
BTC Short-Term Review 1H ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price moved upwards from the local downtrend line.
After unfolding the Fib Retracement grid, we see that first we have a support zone from $25,994 to $25,787, then support at $25,618, then a second zone from $25,452 to $25,210, and then support at $24,906.
Looking the other way, we are in the resistance zone from $26,113 to $26,450, after breaking higher we can see an increase to the resistance at $27,390.
As we can see, every energy collected on the CHOP index is used for growth, on the RSI we have reached the upper limit, and the STOCH index has also exceeded the upper limit, which may result in a slowdown in the current growth and a moment of recovery before further growth.
BTC 1H Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is approaching leaving the triangle, moving along the local upward trend line.
As you can see, we are close to returning above EMA Cross 200, which would change the trend to an upward one.
When we spread the trend based fib extension grid, we see a support zone from $25,762 to $25,642, and then a second support zone from $25,455 to $25,319.
Looking the other way, you can see that the price is fighting the first resistance zone from $25,881 to $26,036, then we have resistance at $26,159, and then the second resistance zone from $26,281 to $26,458.
The CHOP index indicates that there is still energy for movement, on the RSI we remain in the middle of the range, while the STOCH indicator indicates that we may see a slight price recovery.
Huge Buy Opportunity For $AIMBOT Is Approaching$AIMBOT has been all the rage over the past two weeks, and rightfully so. The rev share for this project has been impressive for just being a month old. Aimbot's price increased by 7x in a matter of 11 days. Since then, we have seen the price come back down to earth a bit. We have seen a perfect bounce off of the .618 Fib, but I think we are going lower. The sentiment in the market right now is that September is always a bad month for Crypto. With that said, I think most are a bit hesitant to jump into trades with large positions. When looking at the volume profile, the majority of buys come from the $5 range. I will be looking to accumulate anywhere between $5-$8. I doubt we see the price dip below that.
BTC/USDT Short-Term 1HInterval ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour timeframe. As you can see, the price is moving in the downtrend channel.
When we lay out the trend based fib extension grid, we can identify a support zone from $25695 to $25627 that the price is approaching, then we have a second zone from $25560 to $25465 and then a strong support at $25343.
Looking the other way, first resistance is at $25,479, then second resistance at $25,866, then we have a resistance zone from $25,960 to $26,055, then strong resistance at $26,188.
Looking at the CHOP indicator, we see that there is energy for a further move, on the RSI we see a rebound with room for a further decrease, however, the STOCH indicator indicates that the energy in this move has been heavily consumed, which may stop further correction and give a sideways trend.
BTC/USDT 1HInterval ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour timeframe. As you can see, the price is moving below the local downtrend line.
After unfolding the trend based fib extension mesh, we see that the first support is at $25,492, then we have the second support at $25,084, and then the third support at $24,749.
Looking the other way, you can immediately see the resistance zone from $25,858 to $26,181, then we have an area that the price quickly goes back and forth, and then a strong resistance zone from $27,082 to $27,557.
Looking at the CHOP indicator, we see that there is energy to make a move, on the RSI we are moving around the middle of the range, however, looking at the STOCH indicator, we can expect an attempt to pull the price down.
ETH/USDT 1HInterval Review ChartHello everyone, let's take a look at the ETH to USDT one hour chart. As you can see, the price is moving above the first and second lines of the local uptrend.
After unfolding the Trend Based Fib Extension grid, we see that first there is a support zone from $1715 to $1705, then there is a second zone from $1696 to $1683, then support at $1666, and then strong support at $1616.
Looking the other way, we can similarly determine minor resistances and here we will first mark the resistance zone from $1733 to $1751, then the resistance at $1765 and the strong resistance at $1780.
Looking at the CHOP indicator, we see that the rebound gathered a lot of energy, on the RSI we have a rebound with room for a further decrease in price, while the STOCH indicator shows room for growth, however, the upward move gives a small price movement on the chart, which may result in a price drop in the next hours .
BTC - Medium-Term View 🔎Greetings, TradingView Family! This is Richard, also known as theSignalyst.
🏹 From a macro perspective, as per my analysis from yesterday, it's evident that BTC is approaching a significant weekly support zone:
Additionally , as I mentioned last week, BTC appears to be nearing the end of its correction phase:
📌 To signal a bullish momentum shift in the short-term, we should look for a decisive break above the last minor high marked in orange, which is approximately around 26,330.
Furthermore, to establish medium-term bullish control, it's crucial for BTC to surpass the 26,800 level.
📉 Meanwhile, BTC would be overall bearish and can still trade lower to test the 25,000 support, especially if the last orange range is broken downward.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
ETH/USDT 1HInterval Review ChartHello everyone, let's take a look at the ETH to USDT one hour chart. As you can see, the price is staying below the local downtrend line.
After unfolding the Fib Retracement grid, we see that the nearest support is at $1641, then the second support at $1626, the third support at $1605, and then the fourth strong support at $1580.
Looking the other way, we see that the price failed above the first resistance zone from $1652 to $1661, when it does it has a second resistance zone from $1671 to $1685, followed by strong resistance at $1702.
Looking at the CHOP indicator, we see that the energy in this move has been used up, on the RSI we have an increase to the middle of the range and room for the price to go higher, however, the STOCH indicator shows that most of the energy has been used in this move, hence a small rebound before a possible further increase.
BNB/USDT 1H Interval ReviewHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has moved sideways from the local uptrend line.
After unfolding the trend based fib extension grid, we see that the price is in the support zone from $216 to $213, then there is support at $211, third support at $209, and then support at $205.
Looking the other way, we see that first there is a resistance zone from $217 to $220, then resistance at $222, then resistance at $224, then resistance at $228.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, we have a rebound on the RSI and although there is room for further decline, when we look at the STOCH indicator, we can see that the energy in the downward move has been used, which may give the price a rebound.
Potential upward movement on price of RUN
Having thoroughly analyzed the 1D price action of RUN, I've identified a potential support zone based on Fibonacci levels. As the market opens, we'll be closely observing whether this projection holds true. I'll be consistently updating the status of this potential support. Remember, the strength of this analysis is further accentuated by the higher time frame, boosting the probability and bolstering my confidence in this assessment. Stay tuned for more updates!
BTC Short-Term Review 1H IntervalHello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the local downtrend line.
After unfolding the Fib Retracement grid, we see that the price stays in the support zone from $ 29,257 to $ 28,994, however, if I fall lower, the next support is at $ 28,658.
Looking the other way, we will first mark the resistance zone from $29,497 to $29,641, then we have resistance at $29,767, then at $29,960, and then at $30,196.
Looking at the CHOP indicator, we see that the energy has been used, the RSI shows a rebound, while the STOCH indicator indicates that the energy is running out at the moment, which may give a temporary price rebound.
Weakness in global markets threatens gold's well beingIn tandem with our expectations, gold dropped below $1,910. Significant developments accompanied this movement on the daily chart; RSI, MACD, and Stochastic continued to form bearish structures, and ADX began to rise (indicating a growing trend). As a result, we remain bearish on gold in the short term and expect it to test the $1,900 level. If it breaks below this level, it will further bolster a bearish case. In such a scenario, we will watch the support near $1,893 and its ability to hold selling pressure. If it is also broken to the downside, we expect gold to drift toward $1,875. As a result, we still wait for a better price before committing more capital to the asset.
Illustration 1.01
In the previous article, we highlighted how MACD was approaching the midpoint on the daily chart. The yellow arrow indicates a bearish crossover.
Illustration 1.02
The picture above shows the daily chart of XAUUSD and two simple moving averages. The yellow arrow indicates a looming bearish crossover between the 20-day SMA and the 50-day SMA.
Illustration 1.03
Illustration 1.03 shows the daily charts of various indices. We would like to reiterate that weakness in global markets continues to present an obstacle to higher prices in gold as investors might be forced to sell it in order to cover losses elsewhere (this was a widespread phenomenon during 2022).
Technical analysis
Daily = Bearish
Weekly = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTC - Bears Remain In Control; Until...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend.
As BTC approaches 27,500 we will be looking for buy setups as it is the intersection of multiple trendlines.
📈 From a short-term perspective, on the H1 timeframe, BTC has been bearish trading inside the falling wedge in orange.
To regain control short-term, the bulls must achieve a strong momentum candle close above the last minor high in orange.
Meanwhile, the bears remain in control and we will be looking for buy setups as BTC approaches the demand zone in red around 28,950
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Falling Wedge | Reversal soonWeekly Chart
BINANCE:RUNEUSDT has downed over 96% from ATH and RUNE's in the Falling Wedge. That means it can be reversed soon
Daily Chart
BINANCE:RUNEUSDT is trading at 0.92x and going down to the support (Fair Value Gap) around 0.87
We can BUY if RUNE reject that level
Wait for next move
SOL/USDT 1H Review ChartHello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the yellow line to mark the local downtrend line, from which the price tried to go up.
Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $24.17, the second support is at $23.65, the third support is at $23.24, and then we have a strong support zone from $22.81 to $22.20.
Looking the other way, we see that the price has rebounded from the important resistance zone from $ 24.99 to $ 25.40, which so far has no strength to break. However, if we manage to go up, we will see an attempt to attack the second zone from $ 26.07 to $ 26.55.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, we have a rebound on the RSI but there is still a lot of room for the price to go lower, while the STOCH index is approaching the lower limit, which affects the current stagnation of the price.