BTC - Breaking Above The Resistance! 🏹Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🏹 BTC is breaking above the second resistance in a row. If this Daily candle closes above the 22,000 it would confirm a trend continuation to the upside.
⚔️ 22,500 would be the next minor resistance that BTC needs to break to be able to reach the 25,000 resistance.
As mentioned, in my previous analysis, BTC is and would remain bullish as long as it doesn't break below the last major low (in gray) which would be breaking back below the its support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Blockchain
BTC - Make Or Break Zone! 💣Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
BTC rejected the 22,000 resistance zone. Now What?
🏹on DAILY: Left Chart
For the bulls to remain in control, we need a break above the 22,000
⚔️on H4: Right Chart
Meanwhile, if the bears manage to break below the last major low in gray, then we will expect a bearish correction till the blue support and demand zone around 19,000
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC vs USDT.D - Who Follows Who? 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on USDT.D to feel the overall crypto market.
📚 And today I wanted to show the correlation between BTC and USDT.D
- Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support.
- BTC is currently sitting around a strong resistance zone in green 22,000 while USDT.D around a support zone 7%
- For the bulls to remain in control for BTC, we need a break above 22,000, which would be USDT.D breaking below 6.8%
Meanwhile, a rejection would be expected.
And so on... the picture is self-explanatory.
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 Strong Rejection! 🛑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on Litecoin to feel the overall crypto market.
LTC has been trading inside the blue flat rising broadening wedge pattern, and we are lately bullish medium-term trading inside the rising red channel.
However, LTC is approaching a strong weekly resistance 95.0-100.0
Moreover, the upper red and blue trendlines act as non-horizontal resistance zones.
So the highlighted green circle is a strong area for a possible bearish reversal as it is the intersection of the weekly resistance zone and upper red/blue trendlines.
As per my trading style:
As LTC approaches the green circle zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...)
For the bears to take over, to start a bearish correction, we need a break below the last major low on Daily/H4. Meanwhile of course we are bullish we can dive inside the weekly resistance.
For the bulls to take over long-term, we need a weekly break above 100.0
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 125Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
125 out of 500 days done.
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 is not offering a buy signal.Bitcoin is far from giving a medium-term buy signal.
The price is below the 210 SMA on the weekly chart, with an RSI of 50.83. On the monthly chart, the RSI is 44.
None of our trend following systems are giving us a buy order.
Of course, we do not know the future, but the most likely scenario is that we remain in a phase 1, sideways trend before entering a phase 2 trend.
Even if we hold BTC for the long term of tokenisation, we are not going to open more positions right now.
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Jan 13, 2023Technical Analysis and Outlook:
Bitcoin surged above $21,000 on Saturday for the first time in two months as the crypto rammed through our Mean Res $17,000, Mean Res $17,800, Mean Res $18,500, and Outer Coin Rally $19,100 throughout the week. The price action signifies a completed Outer Coin Rally of $21,200 (Not shown - 60 min chart) and significant Key Res $21,300 first introduced Bitcoin Daily Chart Analysis For Week of Nov 11. We expect a pullback to the newly created Mean Sup of $18,800. Once this puppy settles down, we will see a resurgence on the upside to retest the Outer Coin Rally of $21,200.
BTC - Potential Long-Term Reversal?🔎Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 As per my last educational post like 2 months ago, we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal.
BTC rejected the lower bound of the green channel and traded higher.
📌 However, for the pattern to get activated, we need a weekly break above the last major high in green, around 22,000
Meanwhile, BTC is sitting around the lower bound of the falling green channel, after completing the big correction inside the rising red channel.
📌 For the bulls to remain in control medium-term , we need a daily close above the 19,000. In this case a movement till the 20,500 FTX crash supply zone would be expected.
Again, for a long-term shift in momentum from bearish to bullish, we need a break above 22,00
📉 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!
And remember:
🗒 All Strategies Are Good; If Managed Properly!
~Rich
Is Ethereum going to dethrone the king!?This is the million dollar question.
This has been a topic thrown around from time to time. Will Ethereum pass Bitcoin, Blah Blah blah. This is the first time I feel there is any evidence towards it. Let's take a look, as do believe that this could happen either before the next bull run or during the next bull run.
Ethereum for the time is showing strength against Bitcoin in a bear market. We can clearly see it here in the Market caps of ETH and BTC as there is a clear divergence that has been made. ETH came close before in in 2018 at it's peak of the bull run. Ultimately in the bear market the gap of ETH market cap widened as it corrected much harder.
Even with this divergence the gap percentage in 2018 was smaller than now but ETH has never shown us divergence against bitcoin. ETH along with every other altcoin has shown weakness and has fallen off drastically against BTC in bear markets, so this divergence is strange to say the least.
What will it ultimately lead to? We don't know, but if it keeps up, it will eventually dethrone the king. It could just be signs of an alt-season that could be brewing. we don't know, time will tell us.
One thing is for sure, there have been a few first times in the last two years and this is just another for the list. The crypto market is changing and growing while showing some different dynamics in my opinion.
The indicator below shows ETH Volatility. The thing of importance is that the volatility has kept going up while the market cap of ETH has reversed course and has begun rising and showing strength while bitcoin's market cap fell more.
Another thing to note is that this divergence started before the FTX collapse but even after it amongst all the fear ETH has stayed the course and it actually confirmed this trend and strength because of it.
I have gone long with the chart as I do believe this trend will continue at least for the short to medium term.
Please let me know your opinion down below. Let's see what people are thinking on this subject.
Kind Regards
WeAreSat0shi
Stay Blessed!
$XMR/USDT 2D (#Bybit) Symmetrical triangle breakdown and retestMonero has pulled back to 100EMA resistance where a rejection would make sense.
⚡️⚡️ #XMR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.9%
Current Price:
149.70
Entry Zone:
149.65 - 157.95
Take-Profit Targets:
1) 133.15
2) 117.65
3) 102.10
Stop Targets:
1) 171.05
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +40.28% | +70.51% | +100.85%
Possible Loss= -33.65%
Fib. Retracement= 0.441 | 0.618 | 0.883
Margin Leverage= 3x
Estimated Gain-time= 1-2 months
Tags: #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret
BTC - Critical Area For A Potential Correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC has been slightly bullish trading inside the red rising broadening wedge pattern.
BTC is currently sitting around the upper bound of the rising broadening wedge acting as a non-horizontal resistance.
Moreover, the blue zone / 17500 is a supply zone.
For the bears to take over short-term , and start a correction till the lower red trendline, we need a break below the last low in green.
Meanwhile, BTC would be bullish and if we break above 17550, expect further bullish movements.
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
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Jan 6, 2023Technical Analysis and Outlook:
Bitcoin bounced closer to our Mean Res $17,000 throughout the week. The retest of the Key Sup $15,850 is a toss-up. This puppy may break from the current position to create upward action to Mean Res $17,800, Mean Res $18,500, and Outer Coin Rally $19,100.
DODOUSDT can take new directionsFTX crash delayed the market but was what was needed for the bottom confirmations. The market tends to reverse, the bears will be waiting for the train and will lose the chance to buy at a super discount. The market for the next few years has great highlights for DEFI. The Future has arrived, decentralized exchanges will value 1000x.
How Blockchain Works in 6 StepsThe future of apps, programmes, trading, investing and businesses all lie in one underlying technology – Blockchain.
You’ve probably heard about it when it comes to crypto-currencies.
But it extends so far beyond them.
In this section, you’ll think of it in a whole new level where you’ll be able to:
• Understand blockchain in a nutshell
• Understand the power and possibilities it will bring to the world
• See the trading and investment opportunities to come
Let’s get to it…
What blockchain is in a nutshell…
In short, a blockchain is one continuous digital ledger of records and transactions which are organised, verified, and positioned next to each other in ‘blocks’ linking a permanent and transparent chain of other ‘blocks’.
Here’s a short illustration on how a Blockchain works…
The important concept with blockchain is that, the chain “ledger” of transactions are neither stored in a central location nor is managed or run by a single entity.
We say the blockchain is decentralised, secure and the transactions are added permanently in a transparent and resilient manner using cryptography (special codes).
The parties between the transaction will also remain anonymous while enjoying the security, transparency, speed and cost efficiency.
This will have major advantages over centralised systems in a way that:
• The transactions will be easy to track
• There’ll be less manipulation and corruption
• There’s more transparency
• There’ll be less costs and less middlemen.
NOTE: To alter one block, you’ll need to change every block throughout the network (which is virtually impossible).
And as the historical blocks information stays the same – you’ll be able to forever track the old transactions with the given public information.
I’m talking about these main sets of information each ‘block’ has.
1. The data of the new block (code or digital fingerprint)
2. The hash of the previous block (code – letters & numbers)
3. A time stamp
4. Transaction data
Once you understand the process and how secure a blockchain is, you’ll see how it will not only disrupt industries but it will also change the global and financial economy as we know it.
Trade well, live free.
Timon
MATI Trader (Financial trader since 2003).
Feel free to follow my socials for more real-time posts!
BTC Dominance Structure Today I leave you with a rather interesting comparative analysis, introducing the much-studied and used concept of market capitalization dominance, in our case of Bitcon versus the rest of the crypto market.
The graph structured by TView gives us in this case a percentage of market dominance, that of Bitcoin against altcoins,
ideal for establishing migrations from bitcoin to altcoins according to their profitability at certain times or vice versa.
In general, it is well known that altcoins take a little longer than bitcoin to raise their prices, but when this happens they skyrocket above their profitability,
in the case of falls it is similar but inversely if bitcoin falls the alts tend to have much larger falls.
The comparison that we bring today with the graph in red shows us the concept of numerical dominance, without percentages, in this case the amount in the top 80 Cryptos that are in annual profitability above Bitcoin.
A very interesting concept that we will develop further in further analysis.
-------------------------------------------
Hoy os dejo un análisis comparativo bastante interesante, introduciendo el tan estudiado y usado concepto de dominancia de capitalización de mercado, en nuestro caso de Bitcon frente al resto del criptomercado.
El gráfico estructurado por TView nos da en este caso un porcentaje de dominancia de mercado, el de Bitcoin frente a las altcoins, ideal para establecer migraciones de bitcoin a altcoins según su rentabilidad en ciertos momentos o viceversa.
Por lo general es bien sabido que las altcoins tardan algo mas que bitcoin en levantar sus precios, pero cuando esto se da se disparan por encima de su rentabilidad, en el caso de las caídas es similar pero a la inversa si bitcoin cae las alts tienden a tener caidas mucho mayores.
La comparación que traemos hoy con el gráfico en rojo nos muestra el concepto de dominancia numérica, sin porcentajes, en este caso la cantidad en el top 80 Cryptos que se encuentran en rentabilidad anual por encima de Bitcoin. Un concepto muy interesante que desarrollaremos más a fondo en nuevos análisis.
January 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
In the first trading week of 2023, the market was still consolidated with extremely low volatility and trading volume. Bitcoin's volatility has hit record lows one after another, and a new round of changes is brewing. The probability of Bitcoin's upward turnup still exists, but it needs to wait patiently for market confidence to recover.
Today’s Cryptocurrency Headline
Shopify Supported All Merchants to Directly Sell and Mint NFT on Avalanche
According to Decrypt, the e-commerce giant Shopify announced that it has supported millions of online merchants on the platform to directly sell and mint NFT on the Avalanche chain without guiding customers to the NFT market such as OpenSea or Magic Eden. This function was developed in cooperation with Venly, a blockchain technology startup.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
ETH - Now We Wait!⏱Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETH has been slightly bullish trading inside the rising channel in brown.
ETH is currently sitting around the middle of the channel, which is a no-trade zone to me.
🗒 So now, we wait...
As ETH approaches the upper brown trendline and blue resistance, we will be looking for reversal sell setups.
In parallel, as ETH approaches the lower brown trendline and green support, we will be looking for trend-following buy setups.
We would be slightly bullish, unless or until we break below the lower brown trendline.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
January 5 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin has hit the resistance level of $17,000 twice in a row, and it still has not successfully broken through. At present, Bitcoin has risen and fallen back, but there is still the possibility of a rebound in the short term. If Bitcoin starts a rally, its sustainability will be crucial. This determines whether Bitcoin can break through the current narrow consolidation range to gain more upward momentum.
Today’s Cryptocurrency Headline
BlackRock Adds Bitcoin to Its Global Allocation Fund Portfolio
Asset management giant BlackRock has added bitcoin to the portfolio of its BlackRock Global Allocation Fund, Trustnode reported. BlackRock said in a filing that the fund may invest in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission. It was one of the first general funds to add bitcoin to its portfolio. It is reported that the BlackRock Global Allocation Fund invests in stocks, bonds and short-term securities of corporate and government issuers on a global scale, without prescribed restrictions.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
BTC Detailed Top-Down Analysis - Day 122Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
122 out of 500 days done.
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
Jan 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
blog.bingx.com
Bitcoin rebounded after stepping back on the support of $16,000, but whether a bottom structure has been formed still needs further confirmation. If BTC continues to rally above the $18,000 resistance this week, the market’s optimism will rise further. We also need to watch the $16,000 support level. If BTC falls below this position, it means that Bitcoin's rebound has come to an end and the market will bottom out again.
Today’s Cryptocurrency Headline
Turkey to Use Blockchain-Based Digital Identities for Online Public Services
Citizens will be able to use blockchain-based digital identities to access e-wallet applications, Turkish Vice President Fuat Oktay announced during the Digital Turkey 2023 event. Among them, E-Devlet, Turkey's digital government portal for accessing various public services, will use blockchain-based digital identities to verify Turkish citizenship during login.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
LINK - Once A Castle; Always A Castle! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK has been stuck inside a big range in green between 5.0 and 10.0 and it is currently sitting around the lower bound (5.0) so we will be looking for buy setups.
For the bulls to take over, we need a break from a short-term perspective, we need a break above the last minor resistance in orange around 6.5.
And for the bulls to take over from a medium-term perspective and then a long-term perspective, we need a break above the upper orange zone and green zone respectively.
Meanwhile, until the bulls take over, LINK can still trade lower to test the 5.0 zone or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich