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Bitcoin Gives Up $40K!!Bitcoin plummeted off global recession fears and a strong selloff in stocks. We have completely given up the $40K handle for now, but are finding support at $38.2K. The Kovach OBV is abysmally low, and hugging a lower bound, after turning sharply south with the selloff. We do appear to be getting good support from current levels, but if we are able to break through, then $36.7K is the next level where we anticipate support. BTC does appear to be oversold, so a short trade would be FOMO. If we pivot, expect resistance from $40K.
BITSTAMP:BTCUSDShort
by quantguy
HBAR - Two Possible Entries!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DAILY: Left Chart HBAR is sitting around a strong support in green so we will be looking for buy setups. HBAR formed a wedge pattern in red but it is not ready to go yet. Long-Term Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, since it is sitting around the lower gray zone, we will be looking for buy setups on lower timeframes too. H4: Right Chart HBAR is forming a double bottom pattern but it is not ready to go yet. Short-Term Trigger => Waiting for a momentum candle close above the blue neckline to buy. Meanwhile, until the buy is activated, HBAR can still trade lower inside the green support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:HBARUSDLong
by TheSignalyst
12
XRP - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. XRP is overall bullish trading inside the red channel, and it is currently approaching the lower bound / red trendline acting as non-horizontal support. As per my trading style: As XRP approaches the lower red trendline, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Unless it is broken downward, then our next support would be around 0.5-0.6 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
BITSTAMP:XRPUSDLong
by TheSignalyst
21
Hard Rejection in Bitcoin!!As discussed here, Bitcoin was able to break through $42K, but $43.1K provided prohibitive resistance. We rejected this level hard and fell through the $42K's where we anticipated at least some support, back to the base of the $40K handle. A wick even tested the high $39K's. We have since recovered $40K, just barely. We are making an attempt to test $40.8K, with a red triangle on the KRI confirming some resistance here. We should see further resistance from the $41K to $42K range, and support from $39.2K if we breakdown further.
BITSTAMP:BTCUSDShort
by quantguy
1
SAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SAND is sitting around a strong demand zone in green so we will be looking for buy setups. on DAILY: SAND formed a valid symmetrical triangle but it is not ready to go yet. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, SAND would be overall bearish and can still trade lower inside or even break the green demand downward. In this case, we will be looking for buy setups around the blue demand zone. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SANDUSDLong
by TheSignalyst
9
Can Bitcoin Break $42K??Bitcoin has held its ground just below $42K. We are testing two strong levels of resistance at $41.7K and $41.9K. Resistance is confirmed by several red triangles on the KRI. We do however appear to be seeing a bull wedge type consolidation forming under this level. However, the Kovach OBV has completely leveled off for now, which does not give us much confidence in a breakout. It does appear to depend on what stocks are going to do today. Further momentum in the stock market may bleed through to Bitcoin and if so, we could break out through the vacuum zone to $43.1K. If not, we should see supprt around $40K.
BITSTAMP:BTCUSDShort
by quantguy
BTC - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC is sitting around a strong support 38k-40k so we will be looking for buy setups. on H4: BTC formed a valid channel in red but it is not ready to go yet. Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, BTC can still trade lower to complete the inverse head and shoulders pattern or even break the support downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
22
Bitcoin Breaks DownBitcoin appeared to be getting good support at $39.2K, but has pressed lower. It broke through this level finding support just above $38.2K. We did see strong support confirmed by a green triangle on the KRI, however the price action does look pretty weak at the moment. Though we did see strong support, we are still not seeing further momentum come through. We are still under the $40K level and this will provide resistance. The level $38.2K should hold, otherwise $37.7K is the next level of support.
BITSTAMP:BTCUSDShort
by quantguy
ETH - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. ETH is overall bullish trading inside the orange channel, and now approaching the lower orange trendline acting as non-horizontal support. So we will be looking for trend-following buy setups. Moreover, the zone 3000 is a strong resistance turned support. on H4: ETH is bearish from a medium-term perspective trading inside the red channel. For the bulls to take over: Scenario 1: we need a break above the current high. (projection in blue) Scenario 2: Meanwhile, the bears can still push lower for another low before forming a new high around the red trendline. (projection in purple) Meanwhile, until the buy is activated as per Scenario 1 or 2, ETH can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
17
KCS - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. KCS broke our gray resistance zone and is now diving back below it. As per my trading plan, here are the two possible scenarios I am looking for: 1- Bullish Continuation: In this case, we need the bulls to break the orange flag pattern upward and above the gray area for another bullish impulse movement to start. 2- Deep Correction: Until the bulls take over as per scenario 1, the bears can still push lower to the 15.0 - 16.0 support zone and form multiple swing highs around the upper trendline before breaking it upward. 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
Long
by TheSignalyst
15
LUNA - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. LUNA is overall bullish trading inside the blue channels. Moreover, 60.0 is a strong demand zone. 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. (acting as non-horizontal support) As per my trading style: As LUNA approaches 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
Long
by TheSignalyst
16