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Major Resistance Broken on BTCIt's been a good day for Bitcoin. The price of BTCUSD has broken some major resistance and is dancing around the $50K level. If we can keep up the momentum and flip this resistance into support, it is off to the races! I know I have been one that has called for a retracement, and it can still happen, but I no longer think that we are going to see any kind of major drop, say back to 35K. The Bitcoin ETFs have been a major player in these recent pumps with more and more volume starting to come in via Wall Street. I have switched over to a more cycle swing strategy so I can focus on some other things. Right now, I am collecting BTC until we break the previous all time highs at the 69K area. Once we break that, I am holding my stack and going into some other altcoins like ETH and MATIC to ride the rest of the market cycle. Things are looking more and more bullish as we go along. Just when I think we are starting to top out, the market proves me wrong. But that is what I love about it. The market, especially the crypto market keeps me on my toes. So I am not going to trade against the trend, I am going to stack and ride the wave until it ends. The Logical Trading Indicator PRO is still calling an uptrend, so I am going to keep riding it until the longer trends start to change. No matter what else I have going on, I am still keeping a side eye on the markets. That's what the longer term time frames and my trend alerts are for. They let me know when it's time to get in and get out which helps me make money by making better decisions! Until next time my friends, trade logically!
COINBASE:BTCUSDLong
by thelogicaldude
HelenP. I Bitcoin can make correction, after which continue growHi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined from support 2, which coincided with the support zone to the trend line, after which the price bounced and started to trades in the support zone. Some time later, BTC broke the trend line and support 2 again, and then the price started to rise to the trend line. When it reached this line, BTC broke it, made a retest, and then continued to move up to support 1, which coincided with one more support zone. Later, the price finally reached support 1, broke it, and little time trades in the support zone, but soon it made a correction below this level. Then BTC in a short time rose back and even recently grew higher than the support zone to 48600 points. But also, a not long time ago BTC stopped rising more, and now it trades near the support zone, so I expect that price can make little movement up, after which Bitcoin will decline to the trend line, which coincides with support 1 in support zone and then it can rebound up from this area. For this reason, I set my target at the 49200 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
GBPCHF - Over-Bought Zone Again ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPCHF has been overall bearish, trading within the falling wedge pattern in blue. At present, GBPCHF is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setup s as it is the intersection of the red support and upper blue trendline. 📚 As per my trading style: As #GBPCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a top 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
Bitcoin can little correct and then continue to move upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago traded in the range, where it firstly declined to the 41500 support level, which coincided with the buyer zone, but soon BTC turned around and made impulse up higher than the bottom part of the range, thereby exiting from it. Next, the price entered to the pennant, where it rose to the resistance line, after which it made a strong downward impulse to the support line, thereby breaking two levels - 47000 and 41500. Later price turned around from the support line and in a short time rose higher than the 41500 level, breaking it one more time and little time later BTC reached the resistance line of the pennant and broke it too, exiting from the pennant pattern. After this movement, Bitcoin rose to its current support level, which coincided with the support area, and recently broke it also, after which the price made a retest and continued to move up. At the moment, the price trades near the support area, and in my mind, Bitcoin can correct to the support area, and then BTC will bounce and continue to grow. For this case, I set my target at the 49900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
HelenP. I Gold will little rise, and then start to fall to $2025Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to the trend line, after which it made a strong impulse up to the 2010 support level, which coincided with the support zone. Soon, Gold broke this level and continued to move up to the resistance zone, which coincided with the resistance level, and in a short time price broke this level and rose to 2090 points. After this, XAU soon turned around and fell below the 2060 level, breaking it one more time, after which the price continued to decline. Price fell almost to the support zone, but soon turned around again and rose to the resistance level. Then the price finally declined to the support zone and at once rebounded and started to rise inside a wedge. In a short time, Gold rose to the resistance line of the wedge, after which it turned around and declined to the support line, which coincided with the trend line. At the moment, price rising and I expect that Gold will rise to 2050 points, after which price turn around and start to decline to the trend line. That's why I set my target at the 2025 level, which coincided near this line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
NZDCAD - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCAD has been overall bearish , trading within the falling channel in blue. At present, NZDCAD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #NZDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a top 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
Short
by TheSignalyst
1
EURO - Price can bounce up from support area to resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area. But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge. In wedge, price made fake breakout of $1.0780 level and then in a short time rose to resistance line of support line. After this, Euro fell below $1.1010 resistance level, breaking it, and then continued to decline. Later Euro declined to support level, and at once bounced to resistance line, but recently it fell back. Now, I think that Euro can decline to support area, after which price turn around and start to move up to $1.0860 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Bitcoin can correct to support line and continue grow in wedgeHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades in an upward wedge, where BTC first rebounded from the resistance line, which coincided with the 42600 current support level, and made a strong downward impulse to support line, breaking 40300 support level, which coincided with buyer zone. But, after this, the price turned around from the support line of the wedge and in a short time rose higher than the 40300 level, breaking it again. Later Bitcoin rose to the current support level, which coincided with the support area, and some time traded near, but soon broke it and rose to the resistance line, after which BTC made a correction to the support line of the wedge. But a not long time ago, the price rebounded up from the support line and broke the 42600 level one more time and now the price continues to rise close to the support line. In my mind, Bitcoin can little correct to support line again, after which the price rebound and continue to move up inside an upward wedge. For this case, I set my target at the 44100 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I Euro can make fake breakout and then continue to fallHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from resistance 2, which coincided with the resistance zone, and rose until to 1.1135 points, after which the EUR turned around and started to decline. Soon, the price started to decline inside the downward channel, where it in a short time broke resistance 2 and declined to support line of the channel. Later price bounced from this line and rose back to resistance 2, and tried to break it, but failed and rebound down from the resistance level, which coincided with resistance and trend lines. Euro declined to resistance 1, which coincided with the support zone with the support line of the channel, after which it rebounded and rose to the trend line. But later price continued to fall and in a short time declined to the support zone, breaking resistance 1. At the moment, the EUR trying to break this level again, so I expect that the price, after the breakout of resistance 1, will rise a little and then continue to decline in the channel to support line, making a fake breakout. For this reason, I set up my target at the 1.0750 level, which coincided with the support line of the channel. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Gold can fall little more, turn around, and start to move upHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago bounced from the support line and made an upward impulse to the resistance line of the pennant, thereby breaking the 2055 resistance level, which coincided with the seller zone. After this movement, Gold rebounded from the resistance line and started to decline to the resistance level, and after it fell, the price exited from the pennant pattern. Next, Gold broke the resistance level one more time and entered to range, where it declined to the 2015 support level, which coincided with the buyer zone with the bottom part. After this, the price started to rise and in a short time rose to the seller zone, but soon turned around and made a downward impulse lower even the buyer zone. Then price soon backed up to the range and some time traded near the support level, after which made a correction to this level and in a short time rose to the resistance level. But a not long time ago price rebounded from this level and started to fall. Now, I think Gold can decline to 2025 points, after which it turns around and starts to move up, therefore I set my target at the 2045 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
BITCOIN - Price can bounce down from resistance area to $40200Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance area to support line, thereby breaking $45400 and $42500 levels, but at once start to rise. In a short time price rose to $49900 points, but then it turned around and made downward impulse to $42500 level. After this, price continued to decline in falling channel, where it broke this level and $39600 level too, reaching support line. Then price bounced up from support line to $42500 level, exiting from channel and breaking $39600 level again. Also recently, BTC tried rise higher than $42500 level, but failed and now it trades near support line. So, I think Bitcoin can rise a little higher than resistance level and then bounce down to $40200 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
Trends heading into the FOMC Rate DecisionOverheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 4925 Downtrend (1/31/2024) Lower Low 1Hr - 4933 Downtrend (1/31/2024) Higher Low 2Hr - 4925 Downtrend (1/31/2024) Higher Low 3Hr - 4954 Uptrend (1/29/2024) Higher High 4Hr - 4829 Uptrend (1/19/2024) Higher High 6Hr - 4797 Uptrend (1/8/2024) Higher High 12Hr - 4848 Uptrend (1/19/2024) Higher High Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High As explained, that 30m is showing the first sign of weakness for this surge to come back at all. Additionally, I read a report with Dow Jones Newswires that most of the insider trading lately has been little to no buying and lots of selling. Basically that means that members with stocks in their own companies are taking profits and not investing further into their company. I wouldn't take this as a sign that they think their company is in trouble, but more as a sign that they feel their stocks are overvalued and it is profitable to sell now and repurchase later. Economic Data today is going to the FED Meeting Minutes and the subsequent statement by Jerome Powell. I don't foresee, nor does the market, of any interest rate movement today. Geopolitical tensions continue to worsen in the Middle East. The latest is a Drone strike in Jordan that killed 3 US Servicemembers. I've been very surprised that the market has not priced in any sort of issues coming from the Israel/Hamas conflict or any of the tensions and skirmish fighting in the surrounding area. Overall, I see a huge threat to potential inflationary pressure disrupting this upward movement in the long term. Not some sort of pressure that would take us to a surge in inflation back to 9% like we were, but certainly not allowing us to reach a 2% target rate and having some minor upward movement instead of continuing the downtrend we have seen over the last year. Overall, my sentiment is fairly neutral. While I had held a bullish sentiment with spots of bearish profit taking before, I see overall a neutral movement from here, as my estimate for our top over this year was to be 5000 and we've almost reached that already.
CME_MINI:ES1!
by SemperTrader
Ripple can decline a little more, after which back up to rangeHello traders, I want share with you my opinion about XRPUSDT. Observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline near this line to the 0.5400 resistance level, which coincided with the seller zone. After the price fell to this level, it made a fake breakout of 0.5400 level, after which it turned around and in a short time rose to the resistance line. Then price bounced from this line and made a downward impulse to the support level, thereby breaking the resistance level one more time. Also, XRP started to trades in the range, where soon the price bounced from the 0.5020 support level, which coincided with the buyer zone and started to rise to the top part of the range. When Ripple reached the top part, which coincided with the resistance level, it at once rebounded and in a short time declined to the support level. But a not long time ago, the price bounced from this level and started to rise, but failed and soon declined lower than the support level. So, in my mind, Ripple can decline a little more, after which it turns around and back up to range. After this, the price will make retest and continue to rise. For this case, I set my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Bitcoin can exit from pennant and continue grow to 45400 levelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few time ago declined to the 41400 support level, where it turned around and started to rise inside the upward channel. In the channel, BTC rose to a 45400 resistance level, which coincided with the seller zone and soon broke this level. Price rose a little higher, after which it exited from the channel, entered to pennant, and at once made a downward impulse from the resistance line to the support level, thereby breaking the 45400 level one more time. Next, BTC some time traded near the 41400 support level, and later it declined to support line of the pennant, breaking the support level, but soon price turned around and in a short time rose back. Also recently BTC rose to the resistance line of the pennant, where it continues to trades near now. So, in my mind, Bitcoin can break the resistance line, thereby exiting from the pennant, make a retest, and then rebound up to the resistance level, or after the breakout of the resistance line, BTC will at once continue to move up to the resistance level. For this reason, I set my target at the 45400 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
GOLD - Price can little correct and then continue to move upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to support line of triangle from support level, which coincided with support area. Then Gold made strong upward impulse to resistance level, which coincided with resistance area, breaking $1980 level. But price turned around and soon fall to $1980 level, after which XAU repeated movement up to resistance area. Gold made fake breakout and in a short time declined to support line, and also tried to grow again, but failed. A not long time ago, Gold bounced from this line and started to grow, so I think that price can first make correction to $2030 points. After correction, price will turn around and continue to move up to $2075 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1