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Can Bitcoin Hold $40K??Bitcoin has taken another sharp turn lower in tandem with stocks. As discussed in the last report, we are currently seeing support at the base of the $40K handle, though we did break lower into the $39K's albeit briefly. We did see nice support from $39.2K, confirmed by a green triangle on the KRI. However, we are not seeing the buy back that we would expect if buyers were enticed by lower levels. In fact, we are seeing very little pivot and barely reclaimed the $40K's. If we do pivot from current levels, expect strong resistance in the $41K's. If we continue to dump, then $39.2K and $38.2K are likely targets.
BITSTAMP:BTCUSDShort
by quantguy
⭕️BUY Crypto TOMOCHAIN ❗️⭕️You see the analysis of Crypto TOMOCHAIN in 4 hours v(TOMO/USDT , H4 )🔎 🔰Trend lines are marked with white color and Demand ranges with purple color. The price moves in a flag-like pattern❗️. In case of price collision to the bottom uptrend line, a suitable position for buying is formed. 🧐 There are two types of expected price movements that are marked with yellow and orange lines. The profit limit and the limit of loss are specified in the image. ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 __________________📈TRADER STREET📉___________________
TLong
by TRADER_STREET
3
ETH - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DAILY: Left Chart 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. H1: Right Chart ETH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => For the bulls to take over, we need to see a break above the upper red trendline and last high. Meanwhile, until the buy is activated, ETH can still trade lower inside the horizontal green support. 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
Bitcoin Tests the Low $40K'sBitcoin has blasted through lower levels to find support around $42K exactly as we anticipated here in these reports. It plunged through support at $43.1K but so far, levels at $41K and $42K are holding. If more FUD comes through we anticipate $40K to be a floor for now. If we are somehow able to muster the strength for a rally then $43.1K and $43.8K are the next targets above. The Kovach OBV is pretty flat so we will need more momentum to come through for this to be the case.
BITSTAMP:BTCUSDShort
by quantguy
GRT - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Right Chart GRT is overall bearish however, it is approaching a strong demand zone in green so we will be looking for buy setups on lower timeframes. DAILY: Left Chart GRT is forming an inverse head and shoulders pattern but it is not ready to go yet. Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline. Meanwhile, until the buy is activated , GRT can still trade lower inside the demand zone. 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
13
BAT - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Right Chart BAT is overall bullish trading inside the brown channel. and now BAT is sitting around the lower brown trendline acting as non-horizontal support, so we will be looking for buy setups on lower timeframes. DAILY: Left Chart BAT broke above our blue wedge pattern and it is currently stuck inside a consolidation in the shape of an inverse head and shoulders pattern. Trigger => For the bulls to take over, we need the right shoulder to form, then a momentum candle close above the gray neckline.(projection in purple) Meanwhile, until the buy is activated, BAT can still trade lower until the horizontal green support. In this case, we will be looking for new buy setups 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
BINANCE:BATUSDLong
by TheSignalyst
14
Bitcoin Slumps, Shows Little Bull Conviction 🥱Bitcoin has slumped, but found support at $43.1K, exactly as we have predicted in these reports. Bulls were hoping for a stronger pivot, but what transpired was quite flaccid. We were unable to break the next level at $43.8K, a meager $700 away. The Kovach OBV has flatlined after dropping substantially. This means we need to see momentum come through either way before something interesting happens. However, the price action is looking quite weak. At this point we could test levels in the $41k-$42K range, with a lower bound at $40K. If we break out, our next target is $45K again
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin DUMPS!! What's Next??Bitcoin took a dive in close alignment with stocks yesterday. As predicted right here in these reports, BTC gave up the $45K-$46K range, finding support exactly where we said it would at $43.1K. The Kovach OBV has turned sharply south, but we do appear to be finding good support at current levels as confirmed by green triangles on the KRI. If we pivot from current levels, watch for stability in the $45K-$46K range again. If we selloff further, then we should have further support in the $41K-$42K range, with $40K being a floor for now.
BITSTAMP:BTCUSDLong
by quantguy
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 where we will be looking for new buy setups to form. 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
14
BTC - Healthy Correction?Hello TradingView Family, this is Richard, as known as theSignalyst. As per my last weekly analysis, we know that BTC is overall bullish trading inside the orange trendlines, and currently sitting around the upper bound (blue resistance and orange trendline) And as mentioned, for another bullish impulse to start , we need a break above the 50k blue zone. Meanwhile, the bears can still kick in for a correction. (nothing goes straight up right?) Now since the correction started , after breaking the last low from H1/H4, we will be looking for support areas that might signal the end of the correction. For now, the gray area is the first check-point. as it was acting as resistance previously. Unless broken downward, then our next rejection / support would be the lower orange trendline and 40k zone. Of course and as usual, as per my trading plan, I don't buy blindly around support, we always zoom in to lower timeframes and look for potential bullish reversal setups. Always follow your trading plan regarding entry, risk management, and trade management. Which support zone do you think will hold? the gray one or the red one? All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
26
Bitcoin Slammed Back to Relative LowsBitcoin took another dive after flirting with the $45K's. We were encountering choppy trading with thin volume and the Kovach OBV has completely leveled off confirming the ambivalence. We do appear to be seeing support just below $45K, but if this does not hold, there is a vacuum zone back to $43.8K. We will have further support around $42K and $40K if the selloff continues. If we are able to pivot from current levels, then $$47.4K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Wavers, but Still has SupportBitcoin is maintaining the $45K-$46K range, and has consolidated considerably. We found good support at $45K, with a small pivot back to the $46K handle, with strong support from $46.2K. We appear to be forming a bull pennant pattern. Momentum has flatlined as measured by the Kovach OBV, and we will need to see another wave of bids come through before we can test $47.4K again. We have two strong levels at $48.2K and $49.7K before we can consider the $50K's again. If not, we are likely to break down and find support at $43.8K.
BITSTAMP:BTCUSD
by quantguy
CHZ - Long-Term Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my last CHZ analysis (below), we were waiting for a break above the gray neckline for the bulls to take over from a medium-term perspective. NOW WHAT? on DAILY: CHZ is trading inside a giant descending triangle in brown. For the bulls to take over from a long-term perspective , and as per my trading plan, I will be waiting for a new swing high to form around the upper brown trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (orange zone) Meanwhile, until the bulls take over, CHZ would be trading inside the brown triangle. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
5
⭕️BUY Crypto TRON (TRX USDT) ❗️⭕️BUY Crypto TRON❗️ 🔰You see the analysis of Crypto TRON in 4 hours ( TRX /USDT , H4 )🔎 🔰Trend lines are marked with white color and Supply range with purple color. 🧐 The profit limit and the limit of loss are specified in the image. Some investments can be made with respect to capital management.❗️❗️ ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 __________________📈TRADER STREET📉___________________
Long
by TRADER_STREET
1
HODL Gamestop if you want to stay poor!How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term. Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out. All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate. #winning #gme #gamestop
NYSE:GMEShort
by DefyingFinance
73
MATIC - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. MATIC is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes. on Daily: MATIC formed a valid wedge pattern in red, but it is not ready to go yet. Before we buy, we want the bulls to take over. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, MATIC can still trade lower to form a new low before trading higher. (projection in purple) Good luck! All Strategies Are Good; If Managed Properly! ~Rich
MLong
by TheSignalyst
29
Bearish Bitcoin "Bart Simpsons" AgainBitcoin has retraced in a classic "Bart Simpson" pattern after having difficulties at highs in the upper $40K handle. We saw a great deal of resistance at $48.2K, one stop away from the last level in the $40K's at $49.7K. We anticipated great resistance at this latter level, but it seemed we could not even muster the momentum to test these relative highs, and promptly rejected through the vacuum zone below, to support around the $45K-$46K area, which appeared to hold for a bit, before another selling wave brought us back to just above $43.8K, which was exactly what we said would happen yesterday in the event of a selloff. The Kovach OBV has curved over nicely confirming the bear momentum. This suggests we are unlikely to see another run for highs any time soon. If the selloff persists, we are likely to test the lows of the $40K's again, completely retracing the entire bull run.
BITSTAMP:BTCUSDShort
by quantguy