BTC Short Term AnalysisBTC has corrected in the last few days, but it has took support in the trendline, Major Supports including Trendline, SMA 150, and Support Zones have survived, and the price of BTC as well as ALT Coins are above their support.
As the overall market sentiment is bullish in the medium term, we can expect BTC to Bounce off from here, Important Price Supports to watch out for are 40500 and 38000. Any significant fall and close below these levels could trigger further selloff and turn market mood to negative side.
It would be a good idea to go long in the support zone for medium-term positions with Target Profit and Stop Loss as per Risk Taking Potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
Hodl
ETH - Wait For The Bulls 🏆Hello TradingView Family / Fellow Traders,
ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.
Moreover, it is approaching a strong support zone 2150.0
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
📈 As per my trading style:
As BITRUE:ETHUSDT approaches the 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!
~Richard Nasr
BTC - Still Strong 🏆Hello TradingView Family / Fellow Traders,
🏹 After breaking above the orange symmetrical triangle, BTC initiated a new parabolic impulse and has been bullish trading within the ascending red channel.
Presently, BTC is hovering near the upper boundary of the channel, which could potentially lead to a bearish correction.
📉 In such a scenario , as BTC approaches the intersection of the lower red trendline and $40,000, we will be on the lookout for trend-following buying opportunities.
📈 Concurrently , for the bulls to assert dominance aggressively, a decisive break above the current minor high at $44,500 is crucial. In this scenario, a movement towards the $48,000 resistance level can be anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH Bullish Entry IdeaImportant Price Point to decide short-term movement, As ETH has broken the long-term resistance and trendline, the medium to long-term outlook is bullish and it would be wise to go long. If the price point breaks the trendline and crashes it would be a good point of entry.
Long positions could be entered above the support zones with stop loss according to risk-reward ratio comforts.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
BTC - Good Signs for 2024 already 🏆Hello TradingView Family / Fellow Traders,
🏹 Based on my earlier BTC analysis (as shown in the attached chart), we have been anticipating a breakout from the triangle pattern, which is crucial in determining the market sentiment for the rest of the year.
Last week, BTC successfully breached the triangle pattern to the upside, signaling a shift in momentum as the bulls gained control and pushed the price beyond 40,000.
📈 Currently, the next significant resistance level is expected around 43,350. If this level is surpassed to the upside, we can anticipate further bullish movement with a potential target near the 48,000 mark.
The bullish trend will likely persist as long as the last H4 low remains unbroken to the downside.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
SNOW is rising this Winter ❄️Hello TradingView Family / Fellow Traders,
❄️ NYSE:SNOW has been stuck inside a big range in the shape of a symmetrical triangle.
🏹 For the bulls to take over from a long-term perspective , and the Markup phase to start, we need a weekly candle close above the 210 resistance.
Meanwhile, as SNOW approaches the lower bound of the triangle, we will be looking for short-term 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!
~Richard Nasr
BTC - Let The Party Start 🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
On the Weekly Chart (Left):
The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000.
On the H1 Chart (Right):
The blue curve shows the overall bullish trend, with the previous major lows marked in blue. Today, BTC formed a new recent low. If history repeats itself, we can expect the price to retest this low before forming another significant upward impulse.
The bulls will remain in control unless the last low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ready to load some SOL on the coming monthsLooking for buying opportunities around $24 to $20. In case of a weekly close below $20 the price can drop to the next support at the $13,5 area. Very small chance to close below $12, in that case the bottom should be at $5 and i will go all in.
MACD shifting to the upside and RSI broke the diagonal resistance.
set alarms and DCA your way in.
HODL time: 3 to 12 months depending on where the bottom will form.
BTC - The party has just Started 🎊📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update 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
BTC - Levels To Watch 👀Greetings, TradingView Family! This is Richard, also known as theSignalyst.
After rejecting the 28,000 level , BTC has been bearish this week.
📈 For the bulls to remain in control, we need a break above 28,500.
Meanwhile, BTC could still trade lower to test the 25,000 support zone.
📉 If the bears manage to break below 25,000 , we can expect further long-term bearish movement towards the 20,000 demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
XRP- NEW DAWNYou get money, they get money, this is a possible start for the bullrun of crypto. Its cup and handle in cup in handles, flags within flags.
Looking at this Risk to Reward is very promising for bulls vs bears. Do YOUR OWN ANALYSIS, but keep this chart in mind for is for told within the near future and beyond.
BTC THE WAY TO 30K IS HERE..Thank you for reading our update. Please remember that this is not advice for trading.
Bitcoin (BTC) has faced challenges since it dropped below $30,000. Since then, it has been following a relatively stable trend.
Since $24,200 BTC is working towards reaching the $30,000 mark again. We have observed that $24,600 is a strong level of support, but it's essential to consider the timeframe, which needs confirmation.
The confirmation of a new upward trend might occur between $27,000 and $27,500. Until that happens, it's advisable to monitor the trend and see if BTC can confirm this positive movement based on technical data. If it does, BTC may have the potential to climb back to $30,000.
BTC - For now, We Wait ⏱Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is still bearish trading inside a falling wedge pattern and lately it has been stuck inside a narrow range.
📈 For the bulls take over again short-term , it's crucial for BTC to surpass the last high in gray around 26,500 and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 - 25,250 support and demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
BTC - Detailed Video Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update 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
BTC - Are The Bulls Strong Enough?❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my last BTC daily timeframe analysis, BTC rejected the 25,000 support and traded higher.
📈 For the bulls to remain in control , it's crucial for BTC to surpass the orange trendline and 28,000 minor resistance. If this occurs, we can expect further upward momentum toward the 30,000 resistance.
📉 Meanwhile, BTC would be stuck inside the 28,000 - 25,000 range, and is currently around the upper bound of the range.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Advanced Micro Devices - Is The Future 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been overall bullish trading inside the rising wedge pattern and it is currently in a correction phase approaching the lower bound / blue trendline.
Moreover, the zone 100 - 105 is a strong support.
🏹 So the 100.0 round number is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As AMD is sitting around a rejection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Moreover, for the bulls to take over long-term again for the next impulse to start, we need a break above the last major high in gray around 112.5
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
A BTC Bullrun plan for rookiesThis can be viewed as a prediction, but ultimately is a simple plan for emotional traders and investors, whos patience is sometimes a little bad.
This chart can help you holding your coins easier by removing the Low timeframe noise and makes you focus on the coming 2 years.
Small alterations can or should be made depending on High Timeframe price action.
The system stays the same, on the prices would differ.
A look at it once a week and you are set for 2025!
BTCUSD Logarithmic Growth Trend: 155k Max By Mid 2025 Hello all!
It has been awhile since i posted, for good reason! It has been a very boring time within the market (as expected).
We are currently in this transition phase between bear to bull market, its the time where everyone walks away filled with fear (bottom of cycle)
Save this chart... You'll never look at a "BTC" rainbow chart again. This either works or it doesn't.
BTC has followed very distinct cycles since its inception
These cycles have been dictated by each halving (as shown)
When looked at on a logarithmic chart, two indisputable lines can be drawn (tops and bottoms), there are no other ways to draw these lines and each top and bottom has perfectly touched them
This creates a logarithmic curved growth area where BTCs priced has always stayed between
Using this model, BTC should top out around 155k in mid 2025 & in the bear market that follows, it shouldn't break below 70k.
We will continue to reference this going forward but main takeaway, the macro picture is still perfectly in tact and BTC is moving as it should, with room to move down to 20k
This is the time to build and GET READY for what's to come
Don't lose sight, the green grass looks to be right around the corner!
Please comment and like!
Essential Trading Terms for Crypto TradersGreetings everyone!
Here are ten crucial terms every crypto trader should know:
ATH - The highest price ever recorded. It represents an asset's peak value and often signals potential profit for early investors.
ATL - The lowest price ever recorded. Breaking ATL can trigger further price declines, leading to potential buying opportunities or increased risks.
ROI - Measuring investment performance. ROI helps assess the returns of an investment relative to its initial cost, aiding in comparing different investment options.
FUD (Fear, Uncertainty, and Doubt) - Spreading fear and misinformation to gain an advantage. Recognizing FUD is essential for avoiding emotional trading decisions and whales trap.
KYC - Verification of customer identity for regulatory compliance. KYC ensures that trading platforms adhere to regulations and prevent money laundering.
AML - Regulations to prevent money laundering. AML measures make it harder for criminals to disguise illegally obtained funds as legitimate income.
DD - Conducting due diligence before making investment decisions. DD involves thorough research and analysis to assess potential risks and rewards.
DYOR - Doing your own research and verifying information. DYOR is a fundamental principle for successful trading, emphasizing the importance of independent research.
FOMO - The panic-driven urge to buy or sell an asset. FOMO can lead to impulsive trades and is often seen during bull markets later stages.
HODL - Holding onto an investment for the long term. HODLers believe in the potential for long-term gains and resist short-term price fluctuations.
Understanding these terms can help you navigate the cryptocurrency communities more confidentl. So, remember to DYOR, stay vigilant about FUD, and consider your HODL strategy while keeping an eye on ROI, ATH, and ATL 💜💜