Bitcoin Faces Resistance At $45KBitcoin has held highs after regaining the $40K handle. We blasted past resistance to test $45K once again, where we are currently meeting resistance as confirmed by red triangles on the KRI. The Kovach OBV has leveled off so we are likely to continue to range until more fundamental interest returns. Sanctions on Russia appear to be boosting crypto prices, perhaps suggesting Russians may use crypto as a way to evade sanctions. If we see more buying interest come through for BTC, then we must first break $45K, then $47.4 is the next major target. If we retrace, we should have support at $43.1K, but after that there is a vacuum zone below, where we will have further support in the $41K's.
Hodl
BTC - Video Top-Down Analysis - Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BTC .
Previous Analysis:
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 Regains $40K's!! 📈🤑🥳Bitcoin has rocketed off of news about the Russian sanctions. We have blasted through resistance at $40K, which we anticipated would hold, and have clawed back to $43.8K, where we are meeting resistance. We are seeing support from below in a narrow band between $43.8K an the next level below at $43.1K. Watch the vacuum zone below to $41.9K. We should have strong support there, but if not, then $40K should provide support where it just recently provided prohibitive resistance. The Kovach OBV is strong, but has started to level off. If we can muster the strength for another breakout, then $45K is the next target.
Bitcoin Retraces from $40KBitcoin rallied from lows from the Ukrainian conflict selloff. Over the weekend, we were able to test $40K, but several red triangles suggested resistance here, and we promptly retrace deeper into the $30K handle yesterday. We are seeing support at $36.7K from a green triangle on the KRI. The Kovach OBV is not convinced of a rally however, as it is completely flat. If momentum picks up, we should expect resistance at $40K again. Current levels appear to be holding but if $36.7K breaks, there is a vacuum zone to lows at $34.9K.
HELIUM - My Trading Plan in 2 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for HNT, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
COTI - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COTI is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on DAILY: COTI 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.
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, COTI would be overall bearish can still trade lower inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Positive Side-ways WeekendWeekly Time-frame
We are still inside the cloud and it is still Neutral Strong Support in $37,646. 22 Hours left to print New Candle. If we hold this area and closes with a Green Candle then the next candle will be a bullish one.
Volume Profile Visible Range (VPVR) is currently in the strongest support so we can expect it to hold.
1D Time-frame
We are inside the cloud which is in Neutral position. We can expect a Rejection in $42,561. New Candle will find a support at $37,420 level.
EMA Ribbon is forming a flattening slope which would in turn become easier to break the Rejection area of $40,063.
4H Time-frame
EMA Ribbon is now below the candle and has become its support. Rejection area @ $40,018 it’s exactly at the 200 Moving Average. Relative Strength Volatility Variable Bands (RSVVB) is now in the positive side, and it will start accumulation and pump. Not much volume as it is weekend but we can expect the Altcoins to move to the Upside.
BITCOIN IS BULLISH - CALLING THE BOTTOM!I am not very good at explanations so will let the chart do the talking. Those blue lines are Fibonacci speed resistance fan lines, that have identified the ATH's and areas of support for the last couple of years running. I am quite confident it is up from here, however, this is a weekly chart so there could be periods of delay through micro trends etc. We also have a green reverse FIbo identifying possible areas of support and resistance towards 100k if we are able to break the current fan trend.
The red area zone is the validation zone, I would expect the price to float around this zone if the market is continue with bearish pressure. This being, looking at the weekly candles, I expect 41k by the end of this weekend for the weekly close, which will help validate the chart patterns shown. Total transparency, I am going heavy exposure equity wise with BTC from here (no leverage so no liquidation).
Published the analysis just to look back and see if I was right or wrong in a couple of years- hodl!
-- @MyNamesZergg
Bitcoin Volatile as Investors Digest RussiaBitcoin tested lows as the market panic sold with the Russia/Ukraine conflict. But things leveled out quickly, and it subsequently recovered all of its losses. We are currently safely back to the $38K's, hovering just above support at $38.2K. The Kovach OBV has picked up notably, but not enough to give us confidence in any real bull momentum. The value area between $38K and $40K seems reasonable for BTC for now, but if we are able to break $40K, then we should face resistance from two levels in the $41K's. If we retrace further, then we should have support from lows at $34.9K.
MATIC - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
MATIC is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
MATIC 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.
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, MATIC would be overall bearish can still trade lower inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Tumbles Off the Russian Invasion of UkraineBitcoin has plummeted after the Russian invasion on the Ukraine. We were personally hoping that Bitcoin would become another safehaven asset, but with institutional holdings on balance sheets, it is moving with stocks at this point. We sold off drastically from what appeared to be an inverse head and shoulders pattern forming at around $39K, smashing through several major levels in the $30K's. However we are currently finding support at $34.9K and $34.0K. If we tumble further then $32.3K is the next target. If we are able to recover a bit, then $36.7K is the next target.
Bitcoin Ready to Breakout??Bitcoin has made another run for lows in the mid $30K's. We found good support at $36.7K, confirmed by a green triangle on the KRI. The Kovach OBV is still bearish, but does appear to be leveling off. We are seeing an inverse head and shoulders type pattern in Bitcoin with a "neckline" around $38.9K. If this is the case then a breakout could easily take us back to the $40K's, but we might need some fundamental driver like the situation with Russia to improve. If we are able to break out, the first target is $40.0K. If we reject current levels then $36.7K should hold.
TRX - Top-Down Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WEEKLY: Right Chart
TRX is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
TRX is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, TRX would be overall bearish can still trade lower inside the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Sells Off with Russia TensionsBitcoin has sold off with stocks as the markets react to the Ukraine/Russia conflict. We were skeptical of the bull rally anyway, as we have mentioned here many times. Bitcoin have solidly given up the $40K handle, and are well into the $30K's at this point. The level $38.2K appeared to provide good support, but another wave of selling took us back further to $36.7K. This appears to be a bottom for now, but there is a vacuum zone to $34.9K. If we catch some bull momentum, $40K is the level to break to see higher levels.
KCS - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for KCS, feel free to request any pair/instrument or ask any questions in the comment section below.
Fundamentally KCS / Kucoin is doing great too!
As per KuCoin Labs: Integration of Metaverse and DeFi Will Be a Major Highlight in 2022
“KuCoin Labs takes its role in promoting the development of the whole crypto industry. We incubate and invest in innovative projects, guide their development to their maturity where they would bring the best of crypto. As one of the top investment institutions, KuCoin Labs team gathers professional research on a forward-looking journey, unceasingly diving deep into every aspect and detail of a vertical. KuCoin Labs aims to be an integral force in building the future of Web 3.0.”
Said Lou Yu, head of KuCoin Labs.
Best of luck!
TOTAL - Sooner or Later, The Bulls Would Take Over!Hello TradingView Family, this is Richard.
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
As per my last TOTAL analysis, we are still bearish trading inside the red channel.
WEEKLY: Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
DAILY: After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish , but what are the possible scenarios?
Scenario 1: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the current last high.
Scenario 2: Projection in Purple
TOTAL trades lower to test the support again and forms a new swing high around the upper red trendline. Then the bulls would take over by breaking above that new high.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
BTC Remains Hoarded As Price DropsAccording to on-chain data, a majority of Bitcoins
BTC have not been moved in at least a year.
Crypto investors are holding on to their BTC despite Bitcoin’s performance. Long-term investors are adding to their positions or staying put on their BTC exposure.
At the time of reporting, over 60% of all Bitcoins have not moved in the last year.
According to Glassnode's HODL Waves indicator, as of Feb. 18, 60.61% of the BTC supply has not been transacted for a year or more.
All Eyes On Bitcoin - Video Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed 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
Bitcoin to $30K's Again??Bitcoin has retraced back to support at $40K. We had been calling for this retracement after weak momentum met resistance, and the price action meandered just below $45K. Several red triangles on the KRI confirmed that $45K was too top heavy for Bitcoin, and we promptly retraced to support in the $41K's. After that did not hold, we identified the next levels of support around $40K, where we are currently seeking to establish value. The Kovach OBV has dropped off substantially, but $40K is a strong psychological and technical level. If it holds, we could make a run back through $41K back to the value area just above the $43K's. If selling continues, then $38.2K is a particularly auspicious level and is likely to provide strong support.