BTC - Interesting Times ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been stuck inside a range between 30k - 32k resistance for a couple of days.
The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4.
In this case, we will be expecting the bearish correction to start till the blue 28300 support.
📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in red.
In this case, we will be expecting BTC to test the 32k resistance.
Which scenario do you think 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!
~Rich
Blockchain
ETH - The Range is getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been overall bullish medium-term trading above the blue trendline and it is currently retesting it.
Moreover, the zone 1830 is a strong demand.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930
📉 On the other hand, if the green demand zone is broken downward, expect further bearish movement till the 1750 support.
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
BTC - Now We Wait 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
BTC has been stuck inside a range in gray around 31k - 32k resistance for a couple of days.
The bulls will remain in control, UNLESS the 29,650 low in red is broken downward from H4.
In this case, we will be expecting the bearish correction to start.
📌 on H1: Right Chart
📉 On the other hand, for the bulls to take over again short-term, we need a break above the last high in gray.
In this case, we will be expecting BTC to dive inside the 31k - 32k resistance zone again.
Which scenario do you think 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!
~Rich
ETH - Long-Term View 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, ETH rejected the green support zone and traded higher. Now What?
📈 ETH is sitting around a minor resistance zone in gray 1950. For the bulls to remain in control medium-term we need a break above it.
Meanwhile, the bears can take over for a correction (to be confirmed on lower timeframes), in this case, we will be looking for new buy setups around the orange minor support.
on Weekly: Right Chart
🏹 From a long-term perspective, for the bulls to take over, we need a weekly candle close above the blue resistance zone 2250
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Quick Update Around 30,000 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for #BTC.
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
Crypto fear and greed & the bull market support!Hi fellow traders and investors.
If your still on the fence about the market, I'm not sure why, but, I'm about to show we are in a full fledged bull market even if it doesn't feel so to you.
This is the crypto markets fear and greed indicator. It came out in early 2018 and in my opinion is very accurate. It's based on human psychology and the emotions fear and greed.
The MOST important levels on this chart is the 45 to 50 level and even more specifically , the 47-48 area. This 47-48 area is the support and resistance level for crypto since this indicators inception. When crypto is in a bull market it will sit above and it will serve a s resistance in the bear market like we see in the in the chart before the crypto crash of 2022. We can notice, before the ultimate fall in June of 22 that it broke above this level ever so slightly but, could not hold. During the bear market greed only reached this level once and was faced with a stiff rejection. However as we can see after this rejection the greed stayed higher even in the FTX fear of November. Although prices fell lower and there was fear everywhere the story was a little different, smart money got greedy. This lead to the initial thrust in January, it then retested the uptrend in the mid March dip before bursting through out of the bear market.
Now, I'm also looking into time frames as well, although nothing is confirmed yet. 55 days cycles of movement or push before a change in pattern, but, it's too early to tell. Although, I think it could be worth looking into.
The important thing here is the 47-48 area, I do believe going forward this area will hold while we are in a bull market. A substantial break especially if not followed by a quick recovery like in mid March could be a spell for disaster. Eventually it will get to extreme greed, this is where you would want to take profits. However it can stay at extreme greed for weeks at a time. Once it gets there we will have another look at it and asses it further.
If you find this informative or interesting, please and follow for future content.
Kind regards
WeAreSat0shi
BTC - Make or Break ZoneHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis (attached on the chart), BTC rejected our Trio Retest zone and traded higher.
Now What?
BTC is sitting around a strong resistance / supply zone from Weekly timeframe / 31,000 - 32,000
🏹 For the bulls to remain in control , take over from a MACRO perspective, we need a Weekly Candle Close above the 32,000
📉 Meanwhile, the bears can take over for a correction if we break below 29,500
📚 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.
ETH - The Bulls Are Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis, we know that the bulls took over short-term by rejecting the Trio Retest zone.
Now What?
🏹 For the bulls to remain in control , and take over from a medium-term perspective, we need a break above the gray zone and upper red trendline.
📈 Meanwhile, the bears can still reject the red trendline acting as a non-horizontal resistance, to form a new swing high before breaking the channel. (to be confirmed on lower timeframes)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - Clean and Clear 🎞Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for XRP.
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
BTC - Detailed Top-Down Analysis ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
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
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook:
The coin has invalidated our completed Inner Coin Dip 25800 and Mean Sup 25700. Doing so opened the down trading area envelope to Outer Coin Dip 23950. However, a reignited rally might take us to Mean Res 27300 and Mean Res 28250, respectively. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30) .
ETH - Long Story Long 📘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last ETH analysis (attached on the chart), we were looking for short-term buy setups around the Trio Retest circle in purple.
ETH rejected our zone and trading higher. Now What?
🏹 For the bulls to remain in control, and take over from a medium-term perspective, we need a third swing high to form around the upper red trendline and then a break above it (as highlighted on the chart)
📈 The bulls are clearly pushing and will remain in control UNLESS ETH breaks below the green support 1650
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Trio Retest 3️⃣Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the daily chart for BTC to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST
Here is why the purple circle is a strong zone to keep an eye on:
1 => Overall Trend
BTC has been bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support.
2 => Demand Zone
The green zone is a previous resistance turned into support and a Demand Zone.
3 => Oversold Zone
BTC is bearish short-term trading inside the falling channel in orange and now approaching the lower orange trendline which I consider an oversold zone.
As per my trading style:
As BTC is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
📚 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.
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the purple 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
ETH - Boring Range Until... 🕝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
As per my last analysis, we know that ETH is approaching a strong rejection zone as it is the intersection of a horizontal support in green and lower trendlines in blue and red.
So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
🏹 For the bulls to take over from a short-term perspective, we need a break above the previous major low in orange.
Meanwhile, ETH can still trade lower till the daily green support.
Which scenario do you think 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!
~Rich
BTC - Video Top-Down Analysis 📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for Bitcoin.
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
ICP Internet Protocol: The Ultimate Choice for Global InternetIntroduction:
In a world where connectivity is paramount, having a robust and efficient internet protocol is essential. Enter Internet Computer (ICP), the revolutionary platform that presents itself as the best option for a global internet experience. With its advanced technology, scalability, and decentralized architecture, ICP stands at the forefront of redefining the way we connect and interact in the digital realm.
Unleashing Global Connectivity:
ICP's internet protocol is designed to transcend geographical boundaries and create a truly global network. By leveraging its decentralized infrastructure, ICP ensures that internet access is not limited to a select few, but is accessible to individuals and communities worldwide. This inclusivity fosters a more equitable and interconnected digital society.
Enhanced Scalability:
The scalability of ICP sets it apart from traditional internet protocols. With its innovative design, ICP can handle the ever-increasing demands of a global user base without compromising performance. This means faster and more reliable internet access, even during peak usage periods. Whether it's streaming high-definition content, conducting seamless video conferences, or powering resource-intensive applications, ICP's scalability makes it the ideal choice for a truly global internet experience.
Decentralization and Security:
One of the key strengths of ICP is its decentralized architecture. Traditional internet protocols often rely on centralized servers, making them vulnerable to single points of failure and potential security breaches. ICP eliminates this risk by distributing data and computation across its network, ensuring greater resilience and security. With ICP, users have more control over their data and can enjoy a heightened sense of privacy, free from the prying eyes of centralized authorities.
Empowering Innovation:
ICP's internet protocol fosters innovation by providing a platform for developers to build and deploy decentralized applications (DApps) and services. This enables a vibrant ecosystem where creativity can thrive, leading to the development of groundbreaking solutions that address real-world challenges. The open and permissionless nature of ICP encourages collaboration, allowing developers from around the world to contribute to its growth and evolution.
Conclusion:
In a world that relies heavily on the internet, having a global network that is scalable, secure, and inclusive is paramount. ICP's internet protocol emerges as the best option for achieving this vision. With its decentralized architecture, enhanced scalability, and focus on empowering users and developers, ICP paves the way for a truly global internet experience that is accessible, resilient, and innovative. Embrace the power of ICP and witness the transformation of the internet into a truly borderless and interconnected digital landscape.
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound.
Moreover, the zone 1.0 is a strong demand zone and round number.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline.
As per my trading style:
As OP is sitting around the purple 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
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook:
The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.