BTC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking below the structure marked in orange, BTC has been bearish trading within the falling wedge pattern marked in red.
Currently, BTC is approaching the lower bound of the wedge.
Moreover, it is retesting a strong support zone $60,000 - $62,000..
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the 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
Trend
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
LISTA -- WILL THIS BECOME THE NEW 2.0 HYPE ? $2?LIsta is very interesting for the trend volume and can become a hype coin.
This is exactly what we follow in the next few days.
After the binance listing, there is a good chance that LISTA will break a new ATH soon.
Remember to manage the risk always in new coins. it can become hype and not, crypto will stay unexpected.
WE will follow and see what LISTA can do in the coming time.
XAUUSD major support and resistance for the daysupport:
2348
2337
2327
2322
2312
2306
Resistance:
2365
2374
2388
2395
2404
2412
2421
The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week.
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Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns.
This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance.
I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves.
About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom.
Follow my research and learn how to Plan Your Trades more efficiently.
When you go to buy, don't show your Silver!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 XAGUSD has been overall bullish, trading within the rising wedge in blue.
Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting the previous major high marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green previous high and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SILVER approaches the 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
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal.
SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN?
See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including,
2348
2355
2366
2376
2388
2396.
2421.
so eventually this zone can now considered as a pivotal point for the upcoming market movement.
In the alternative scenario what will happen if xauusd again retraces from 2332 area?
it will be falling to the support area as follows<
2312
2306
2295
2282
2282
2267
2240
Both the bearish and bullish speculations have 50:50 chance.
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GOLD to go down +300 PIPShort XAUUSD Trading Position on 30 min timeframe
Initial Take Profit: 2310
SL: 2345.67
Gold shows a possibility of breaking down an ascending channel, where the price has fluctuated just underneath a 4h structure break. It is expected to break the showed trendline and reach the 1h parallel channel's bottom.
Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move.
I would be grateful to get your feedback on this idea if you have any opinions to share.
✽↝✔
Esteem your Analysis and seek improvements ⌁
@AbdullahTech ♾
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts:
1. Change of Character (CHoCH)
Definition
CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal.
Identification
Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend.
Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character.
Application
Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing.
2. Break of Structure (BOS)
Definition
BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend.
Identification
Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS.
Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS.
Application
Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction.
3. Fair Value Gap (FVG)
Definition
FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders.
Identification
Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred.
Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement.
Application
Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders.
4. Other Major Parts of the Smart Money Concept
Liquidity Pools
Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels.
Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades.
Order Blocks
Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement.
Identification: These are visible as zones of consolidation on the chart.
Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points.
Institutional Candles
Definition: Large candlesticks that represent significant institutional activity.
Identification: These candles are usually much larger than the surrounding ones and often occur at key levels.
Application: They signal strong buying or selling interest from institutions, indicating potential future price direction.
Stop Hunts
Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity.
Identification: Sudden, sharp price movements towards obvious stop-loss levels.
Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices.
Market Cycles
Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility.
Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor.
Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility.
Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Gold possible movewww.tradingview.com
The XAUUSD has developed a symmetrical triangle pattern, with the price surpassing both the upper trend line and the 200-day Moving Average (MA200). The momentum indicator has also climbed above the 100.0 mark, potentially indicating the start of a short-term bullish trend.
Trading Strategy: Consider a buy position for XAUUSD if it breaks out above 2335;
Take Profit (TP): Target a take profit at 2350;
VGX NEW INCREASE VOLUMEVGX shows an unexpected trend increase which could be confirmed in the coming hours.
At this moment is VGX one of the coins that shows extra effect
Trend follow will be below with updates.
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright?
Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year.
Current Trends
At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development.
Year 2023 was a red year and 100% not sumllair as the trends of this year.
The year 2024 already made some start trends also to see on chart.
What’s Next for SUN?
We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets:
$0.021
$0.025
$0.035
$0.047
The most optimistic target is $0.07, which would be up to a new all-time high (ATH).
Note
Always do your own research. This is not trading advice. The market can be unpredictable.
The market can go for a time stable, it's about the year 2024 this is not short-term update.
Do you have the KEY?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 KEY has been overall bullish , trading within the rising channel in blue.
Currently, KEY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #KEY approaches the 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
Understanding my SPY Cycle Patterns - Bottom-103This video highlights the Bottom-103 pattern and how price action (support/resistance/rejection) can be used to confirm and execute better trades.
This is something most traders will easily understand as a BOTTOM pattern reflects a possible bullish price trend - except when price rejects this setup and trends downward.
Learn how my SPY cycle patterns can help you become a better trader.
SUN NEW INCREASE VOLUME TO HIGH LEVELSUN looks to enter an important trend increase with the possibility of a break.
Sun has new confirmation since this week and can show more.
We will follow the trend for SUNUSDT.