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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
by TheSignalyst
14
ETHBTC ❗Caution❗One more for today will be ETHBTC chart. The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation! ...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But... We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably. So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks. Be aware. Envision. 👁️ A.I.Vision
by A_I_Vision
1
XRP - Strong Rejection Zone 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we were looking for buy setups around the lower blue trendline. After rejecting the upper bound of the wedge pattern, X RP is now back around the lower bound / blue trendline again. Moreover, the zone 0.5 is a strong support and round number. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. As per my trading style: As XRP is sitting around the rejection zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...) For example, as a simple market structure approach, to confirm bullish control we need a break above the last minor high highlighted in orange. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
26
The Rise of Merit Circle TokenWhile the idea driving the Merit Circle Token is not completely novel, the project itself emerges as a pioneering Decentralized Autonomous Organization (DAO) with the mission of maximizing value accumulation across various virtual games in the metaverse. Its platform operates at the crossroads of capital, expertise, and players – symbolizing investors, the platform itself, managers, and naturally, gamers. The potential gains that the initiative has the capacity to generate could potentially translate into transformative income for a subset of the gamers who are actively involved. The players have acknowledged the significance of the undertaking and the scholarship initiative that has been instituted for their benefit. Impressively, there are presently over 500 scholars deeply engaged in the Axie Infinity game. Substantial revenues are already streaming into the Merit Circle Token, which not only bolsters the DAO itself but also benefits players and liquidity providers. Anticipated inflows are on the horizon, particularly since the Merit Circle DAO is embarking on new ventures within the metaverse by venturing into novel games. In addition, Merit Circle Token boasts an enviable array of partners, counting DeFiance Capital, Spartan Group, Yield Guild Games, and more among its ranks. These and other entities stand as front-running names in the industry, commending Merit Circle Token for crafting a scalable operational mechanism that proficiently nurtures, integrates, and sustains fresh participants. Arthur of DeFiance Capital even expressed his belief that "Merit Circle Token will emerge as one of the prominent guilds with the power to shape the metaverse." Every single partner, alongside a cohort of angel investors, threw their support behind the enterprise during its initial funding phase, culminating in an impressive $4.5 million raised to drive its ambitions forward.
MLong
by SophiaAnderson
XHV 2 year Parabola coming!XHV recently had a break out back into it's down trend and has now back tested the break out on the price action and the RSI simultaneously. XHV broke out and met the Gaussian channel as resistance. Holding this line and breaking through the gaussian channel is what we will be looking for next. The RSI in this moment should break through the 50 to confirm. The move at that point should come fairly quick to the top of the channel @ around $2.00. This move should turn the Gaussian channel green from red, this move is very positive. Keep in mind this process should repeat on the top of the channel as well after it breaks through later down the road. For a long term outlook I have added the silver price in line form. Why? as we can see it has met it as resistance on three occasions in the previous bull run. So, a break above the silver price point will be considered very bullish. The target I have is at aprox $94 at the top of the bull run. Please remember no price points are guaranteed. Always take profits when they are there. XHV is a privacy coin that has a few developments planned for the future. One of the big ones is the Bifrost with (RUNE) thorchain, another great project. I'll leave the research to you, here is a link to the webpage. havenprotocol.org kind regards WeAreSat0shi Have a blessed 2023!
XLong
by WeAreSat0shi
5
ETH - Critical Range ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. DAILY: Left Chart After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650. H4: Right Chart ETH is now stuck inside a range. 📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1705 📉 In parallel , if the red low is broken downward, expect further bearish movement till the around the 1500 support to fill the wick! 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! ~Rich
by TheSignalyst
18
BTC - Last CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After failing to breach the 30,000 resistance level, Bitcoin (BTC) has exhibited a bearish trend characterized by consecutive lower lows and lower highs. I n the previous week, BTC broke below the critical support at 27,000 and found itself hovering around the 25,000 mark. As long as the 25,000 support level holds, there is still potential for bullish momentum to emerge. Consequently, we will closely monitor lower timeframes for any bullish setups that may confirm a reversal. It's important to note that the overall sentiment for BTC remains bearish. Should the price drop below the 25,000 support level, we can anticipate further downward movement towards the next significant support level, which lies around 21,000. For now, we wait! ⏱ 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
30
Sei: Pioneering the Future of Cryptocurrency Beyond EthereumIn the ever-evolving landscape of cryptocurrency, a revolutionary force is on the rise, poised to surpass even the most established giants. Meet Sei, the cryptocurrency that is redefining the possibilities of blockchain technology and set to outshine Ethereum on the global stage. Sei's foundation rests on a powerful infrastructure, setting a new standard for speed and efficiency in the industry. Unleashing its potential through the groundbreaking Twin-Turbo Consensus, Sei boasts unparalleled transaction speed, all the while maintaining remarkably low transaction costs and an industry-leading throughput. In the realm of modern applications, where performance and scalability are paramount, Sei emerges as a true trailblazer. However, what truly sets Sei apart is its unwavering commitment to security. Crafted from the ground up with security as the foremost priority, Sei is fortified by the backing of some of the world's largest and most trusted institutions. With Sei, security is not an afterthought—it's the very foundation upon which the future is built. Sei's user-centric approach echoes throughout its architecture. Fully open-source and with native frontrunning protection, Sei ensures a level playing field for all participants. Its seamless interoperability and multiple layers of transaction bundling only further emphasize Sei's dedication to user empowerment and fairness. Now, let's draw comparisons to better understand Sei's groundbreaking capabilities: - **Bitcoin:** With a transactional throughput of 10 tps and a transactional finality of 60 minutes, Bitcoin pales in comparison to Sei's lightning speed. - **Ethereum:** Ethereum, while a giant in its own right, boasts a transactional throughput of 20 tps and a transactional finality of 6 minutes, still unable to match Sei's impressive metrics. - **Solana:** Solana, known for its scalability, achieves a transactional throughput of 10,000 tps and a transactional finality of approximately 2.5 seconds. Yet, even Solana bows before Sei's unparalleled capabilities. Sei shines as a beacon of innovation, boasting a transactional throughput of 20,000 ops and a transactional finality of just 500 milliseconds. With native frontrunning protection and a processing style that parallels Solana, Sei demonstrates its commitment to pushing the boundaries of what is achievable. And who's already building on Sei? Recognizable names in the industry, such as Axelar, Pyth, Sushi, Kargo, and Nitro, have harnessed Sei's capabilities to create cutting-edge applications in various domains, from infrastructure to DeFi and beyond. Sei is not just another cryptocurrency; it's a paradigm shift, a glimpse into a future where speed, security, and scalability harmoniously coexist. As we embark on this journey of innovation, Sei's potential knows no bounds. It's time to embrace the dawn of a new era in cryptocurrency—a future where Sei shines brighter than the rest. Start building your vision on Sei, and together, let's shape the destiny of blockchain technology."
Long
by SophiaAnderson
1
Bitcoin - Accumulation PhasesIn this graph I show you all the accumulation phases bitcoin has been in so far. An accumulation phase is a stage that all assets go through. After a prolonged period of growth, the asset declines and enters an accumulation phase. It's during this time that savvy investors buy in, anticipating the next upward trend. It's important to note that we might remain within this trading range for another year before breaking out of it. While I believe a breakout will happen sooner, historical trends suggest otherwise, unless we replicate the 2011-2012 pattern. Regardless, this could present a favorable buying opportunity for Bitcoin within this range, with potential selling during the euphoria (distribution stage). To be able to see the chart like this, turn on logarithmic scale in your Tradingview.
INDEX:BTCUSDLong
by WealthNode
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
by TheSignalyst
13
BTC - The Bias Remains Bearish ❗️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 trading inside the falling channel in red. 📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500. In this case, as BTC approaches 27,500 we will be looking for buy setups as it is the intersection of multiple trendlines. 📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal. 📚 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
by TheSignalyst
10
ETH - Critical Period / Zone ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH is still stuck inside a big range and it is currently hovering around the lower bound / support zone around 1810 📈 For the bulls to take over from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1865 📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone. 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! ~Rich
by TheSignalyst
21
BTC - Critical Period / Zone ahead of NFP ❗️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, forming lower lows and lower highs. In the past, BTC broke two major lows, which were marked in gray on the chart. 📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further bearish movement, potentially leading to a decline towards 27,500. 📈 To regain control, the bulls must achieve a strong momentum candle close above the key level of 30,000. Such a move could potentially shift market sentiment in favor of the bulls and indicate a possible trend reversal. 📚 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
by TheSignalyst
30