BTC - Inverse Head & Shoulders 🍰 Analysis #10/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .
📉 As mentioned, for the right shoulder to start , we need a break below the last major low from H4 (in gray)
Now since, we had that break, the next step would be rejecting the 18,000 previous major high and demand zone.
But of course, we will not buy blindly there. Especially that this bearish movement now is driven by fundamental news.
📌As per my trading style:
As BTC approaches the 18,000 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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
Blockchain
XRP - Long-Term View 🕝 Analysis #8/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been overall bearish trading inside the falling brown channel.
XRP is currently rejecting a strong weekly support 0.30 so we will be looking for buy setups.
🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
📉 Medium-Term: Right Chart
For the bulls to over from a medium-term perspective, we need a daily candle close above the orange zone 0.420. And as price approaches the 0.320 support we will be looking for short-term buy setups.
Which scenario do you think is more probable and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LTC - Approaching A Support 🔑 Analysis #6/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LTC rejected the 100.0 weekly resistance and traded lower. Now it is approaching the lower red trendline.
Moreover, the zone 60.0 a strong weekly structure.
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support zone and lower red trendline. (acting as a non-horizontal support)
As per my trading style:
As LTC approaches the lower 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
BTC - Still Bullish ❓❓Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
📉 BTC has been bearish from a medium-term perspective trading inside the falling channel in red.
This channel reminds of the previous one a couple of weeks ago.
🏹 As mentioned in the last BTC video update, for the bulls to kick in , hence start the next bullish impulse, we need a above the upper red trendline and last major high in red. (around 22,600)
Meanwhile, BTC can still dive inside the 21,000 support zone.
If we break 21,000 downward from daily, then we will expect further long-term bearish movement till 19,000
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
LINK - The Castle Is Still Strong 🏰 - Analysis #5/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LINK has been stuck inside a big range for a couple of months now.
At least it hasn't melted like many altcoins during the bear run.
🏹 For the bulls to take over long-term , we still need a break above the entire range / above 9.5
Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups .
📉 LINK is now sitting around the orange support zone (6.5) so for the bulls to take over, we need a break above the last H4 high (in gray)
If we break below the orange support, then a movement till the green support (5.0) would be expected where we will be looking for new buy setups.
📚 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 - Day 141Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Although Bitcoin goes down GBTC went up What is going on here? GBTC is the GreyScale Bifcoin trust. It exploded up for almost 10% while bitcoin goes sideways to slightly down. What does this mean?
It could mean the correction is either over or Almost over.
Why and how can this happen?
For me this shows that GBTC without a doubt is not bitcoiin and it trades outside the bitcoin market.
Let me know what you think in the comments.
Thanks and be blessed
WeAreSat0shi.
March 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 0.15% over the last 24 hours and rose to an intraday high of $22,570.52. The largest cryptocurrency plummeted below the $23,000 support on March 3 due to concerns about the solvency of crypto bank Silvergate. The 20-day exponential moving average ($23,085) has started to turn down and the relative strength index (RSI) is below 44, indicating an advantage to the bear. The sellers will try to pull the price below the February 13 low of $21,351. If it happens, the BTC/USDT pair may drop to the vital support at $20,000.
Today’s Cryptocurrency Headline
ConsenSys' zkEVM Testnet Will Live on March 28
Ethereum infrastructure development firm ConsenSys will launch a public testnet for its zero-knowledge Ethereum Virtual Machine (zkEVM) on March 28. Its private testnet has processed over 350,000 transactions. ConsenSys has not set a date for when their zkEVM will move out of the testnet phase, but Nicolas Liochon, ConsenSys R&D director and head of the ZK business group, said it should happen by the end of 2023. In January, ConsenSys’ zkEVM testnet opened a private beta version to 100 selected users, and now it's open for anyone to join.
BTC - Accumulation Phase In Progress! 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC is still stuck inside a big range / Accumulation in the shape of a potential inverse head and shoulders.
🏹 For the head and shoulders pattern to be completed , we need one more bearish movement till around 18,000 to form the right shoulders.
Then, for the pattern to get activated, hence enter in the Markup phase, we need a break above the blue neckline.
📌 Meanwhile, for the bears to take over and start forming the right shoulder, we need a break below the last major low in gray (21,000)
In this case, as we approach the 18,000 demand zone, we will be looking for short-term buy setups on lower timeframes.
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 - Day 140Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
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 March 3, 2023Technical Analysis and Outlook:
The coin continues our technical analysis scenario from the previous week showing an earmark move to Mean Sup $21,500 as a primary destination. Once this knockdown market cools off, we will see a resurgence to the upside - the initial target of Mean Res of $23,600 with a solid rally to Key Res of $25,000 and the strong possibility to Outer Coin Rally of $26,000.
BTC Detailed Top-Down Analysis - Day 139Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
March 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 0.85% over the last 24 hours and rose to an intraday high of $24,000.00. The largest cryptocurrency continues to trade in a tight range between $23,200 to $24,000 today, indicating indecision among the buyers and sellers. Currently, the 50-day moving average, located around $23K, has been acting as a solid support in the past few days. If the 50-day moving average gets broken to the downside, the price could find support at around $21,500. On the other hand, If the BTC/USDT pair maintain above the 20-day exponential moving average, the bulls will attempt to push the price above $24,000.
Today’s Cryptocurrency Headline
Polygon Launches Web3 Identification Service
Polygon has released a Web3 identity service called Polygon ID that will allow blockchain-based applications to verify user credentials without compromising personal information. The product can verify user data for blockchain applications while maintaining on-chain privacy; iit uses zero-knowledge proofs, which can authenticate data while keeping it encrypted and hidden from the verifying party. The product can be used for KYC, e-commerce onboarding, passwordless login, etc. Core developers at Polygon Labs have integrated Polygon ID technology into the Polygon zkEVM, which is expected to launch later this month.
March 1 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 0.59% over the last 24 hours and fell to an intraday low of $23,022.42. The largest cryptocurrency was trading around the 20-day exponential moving average for the past few days, suggesting neither bulls or bears are willing to give up this level. The flattening 20-day EMA and the relative strength index (RSI) near the midpoint, suggesting the market momentum is neutral. If the BTC/USDT pair maintain above the 20-day EMA, the bulls will attempt to push the price above $24,000. On the other hand, if the price breaks below the 20-day EMA, the price could drop to $22,800.
Today’s Cryptocurrency Headline
French National Assembly Passes New Crypto Registration Rules for Firms
The French National Assembly passed a set of licensing rules for crypto firms operating in the country. Under the new rules, French companies offering cryptocurrency services must attain a registration more robust than currently offered from the Financial Markets Authority (AMF). The new rules will apply to companies registered after July 2023. Companies that are already registered with the AMF, following existing anti-money laundering provisions, will be able to continue to operate as they are until the end of the transition period which MiCA offers, likely in 2026.
February 28 BTCUSD BingX Chart Analysis and Today's HeadlineRobinhood Faces SEC Investigation Over Crypto Business
Today’s Cryptocurrency Headline
Robinhood Markets disclosed in its 10-K filing that shortly after FTX filed for bankruptcy protection in November last year, it received a subpoena from the US Securities and Exchange Commission (SEC) regarding its crypto operations, which involved Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations.” Additionally, Robinhood has received similar subpoena requests from the California Attorney General’s Office regarding its trading platform, custody of customer assets, customer disclosures and coin listing. The company said it is cooperating with California’s investigation. Robinhood noted in the filing that if the SEC or a court determines that any of the cryptocurrencies it supports are securities, Robinhood could be forced to stop trading those cryptos.
Bitcoin is down 0.30% over the last 24 hours and fell to an intraday low of $23,110.42. The largest cryptocurrency recovered back above the 20-day exponential moving average on Feb. 26, suggesting the lower levels are attracting buyers. It is possible that the bears will not give up so easily. They will try to pull the price back below the 20-day EMA and challenge the 50-day simple moving average. If the BTC/USDT pair maintain above the 20-day exponential moving average, the bulls will attempt to push the price above $25,000.
BTC Detailed Top-Down Analysis - Day 138Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH/USDT Technical Analysis: $1720 Resistance Level Holds...ETH/USDT Technical Analysis: $1720 Resistance Level Holds Key to Potential $3000 Price Surge:-
#ETH/USDT Technical Analysis:
As of now, the current trading price of $ETH is $1636, with the cryptocurrency trading in a parallel channel in the $1500-$1700 trading range. The major resistance level of $1720 is yet to be broken.
It's important to note that if the resistance level of $1720 is breached, it could result in a bullish market trend, potentially driving the price of $ETH to $2500-$3000. However, if the resistance level is not broken and instead rejected with high volume, we may see a decline in price to around $1300.
Traders should also keep a close eye on the big time frame triangle breakout, as this can provide insight into future market trends.
In summary, the support levels for $ETH are $1500 and $1300, while the resistance levels are $1720, $2000, and $3000. If you found this analysis helpful, please like, share, and follow for more updates.
Thank you.
FETCH.AI/USDTFetch.ai is a decentralized blockchain network that uses artificial intelligence to power its smart contracts and enable autonomous economic agents to operate on its platform. Here are 10 key characteristics of Fetch.ai:
Decentralized: Fetch.ai is a decentralized network, meaning that there is no central authority controlling it.
AI-powered: Fetch.ai uses artificial intelligence (AI) to enable smart contracts and autonomous economic agents to operate on its platform.
Scalable: Fetch.ai is designed to be highly scalable, able to handle a large number of transactions per second.
Secure: The network uses advanced cryptography to secure transactions and prevent unauthorized access.
Energy-efficient: Fetch.ai uses a proof-of-stake consensus algorithm, which is more energy-efficient than traditional proof-of-work algorithms.
Interoperable: The network is designed to be interoperable with other blockchains, allowing for seamless integration with other decentralized applications (dApps).
Programmable: Fetch.ai allows developers to create custom smart contracts using its programming language, making it highly flexible and customizable.
Token economy: The Fetch.ai network uses its native FET token to incentivize network participants and reward them for contributing to the network.
Use cases: Fetch.ai is designed for a wide range of use cases, including supply chain management, finance, transportation, and healthcare.
Community-driven: The Fetch.ai project is driven by a passionate and active community of developers, researchers, and enthusiasts who are committed to building a better, more decentralized future.
BTC Detailed Top-Down Analysis - Day 137Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
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 Feb 24, 2023Technical Analysis and Outlook:
After hitting our Key Res $24,500, as shown on the Bitcoin Daily Chart Analysis Update For the Week of Feb 17, the coin is retreating aggressively, striking our target of the Mean Sup $23,500 as marked and showing an earmark move to Mean Sup $21,500. Once this puppy settles down, we will see a resurgence to the upside - the initial target of Key Res $25,000 with a rally all the way to the Outer Coin Rally of $26,000 and the Extended Outer Coin Rally of $27,000 targets.
Midnight: A new privacy and data protection protocol on CardanoProtecting personal data has long been debated in the crypto community. The Midnight protocol, powered by Cardano, will create new conditions for online interaction. It can grant access to regulators while maintaining user privacy.
Midnight: A new privacy and data protection protocol on Cardano
With the advent of Web2, it became possible to create social networks where people can freely communicate and share information. But these platforms are owned by centralized companies, which can expose users to restrictions or surveillance, and confidential information and personal data can be "leaked" to the network. Web3 can create an environment without censorship or control over user data. But the implementation of decentralized projects either reveals too much information about users or leads to an overly closed system.
Here's the dilemma: by making payments on the Internet using cryptocurrencies, users can thus remain anonymous by not providing their personal data to third parties. On the other hand, the more anonymous the digital process is, the more negatively the regulatory authorities treat it due to lack of control. And to solve this dilemma, IOG is set to launch a new platform called Midnight.
Midnight is a blockchain that helps protect personal and commercially sensitive data. Such a solution will be fundamentally new in online interaction: users can decide what information they want to disclose.
Midnight will operate as a sidechain on the Cardano blockchain and inherit its security and decentralization.This will significantly expand the usefulness of Cardano, as it will be possible to create an extensive network with secure data.
The platform will enable commercial companies to exchange critical information directly with each other. For example, they can transfer financial data without fear of leaks or disclosing confidential information. And private users will be able to safely share their personal data on the Internet and not be afraid that they will be misused.
Midnight will make it easier for developers to create smart contracts than ever before. In this case, you can use various popular programming languages, starting with Typescript.
Charles Hoskinson, the founder of Cardano, explained the paradox of having a privacy law and a disclosure law at the same time:
"Every time you engage in a regulated business, there’s a privacy requirement because a regulated business requires you to give away some personally identifiable information and there’s a privacy law on the other side that says you have to keep it secret. The problem is, if you try to do that in a blockchain setting, your private information becomes public to everybody."
Midnight solves this problem with several new features. An important component will be private smart contracts to help ensure regulatory compliance. Another feature would be that blockchain relies on zero-knowledge proof. It is a form of encryption and transaction verification that allows one party to prove to another that they know something without revealing the information itself.
To put it very simply, it can be explained as follows:
Imagine a cave where there is one entrance, which is divided into two paths: A and B. These two paths are connected by a closed door with a code phrase. Bob wants to check if Alice knows the code for the door. But Alice wants to keep the code from Bob.
To do this, they make a check: Bob is standing outside the cave, and Alice goes inside and takes one of two paths, and Bob needs to know which one. Next, Bob asks Alice to come back using one of the paths chosen at random. If Alice took path A, and Bob asked to exit using path B, then Alice must open the door using the passphrase. This way, she will prove that she knows it without revealing the phrase itself.
Simply put, a platform can provide access to regulators while maintaining user privacy.
Midnight is currently in development. It is worth noting that the new blockchain will have its own DUST security token, and with the help of anonymous smart contracts, the level of privacy will be transferred to the user's hands. And according to Charles Hoskinson, Midnight will replace existing confidential coins, such as Zcash and Monero.
In conclusion, Midnight is vital to Cardano's global goal of creating secure blockchain technologies. This protocol aims to solve one of the main problems in the crypto community that worries many users. This again proves that the developers remain true to their philosophy and values: making a product for people while preserving their rights and freedoms.
"Midnight – designed for developers, built for humanity."
BTC - Wait For The Bulls! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that the correction already started by breaking below the gray H4 low.
As per my trading plan, here are the two possible scenario where I will consider adding more longs to BTC:
📌Scenario 1: Short-Term
In the case of a Deep Bearish Correction, as BTC approaches the lower green demand zone and red trendline, I will be looking for buy setups on lower timeframes (like a broken structure, classic pattern, trendline break...)
This would be a short-term buy targeting the 25,000 resistance zone again.
📌 Scenario 2: Long-term
In this case, for the bulls to remain in control from a long-term perspective, we need a momentum break above 25,300
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