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SOL 🎵 Please Don't Stop The MusicHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Weekly: Left Chart 📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase, and then reached our around 130.0. H4: Right Chart 📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red. This week, SOL rejected the 130.0 and upper red trendline and traded lower. Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support. 🏹 Thus, as long as the trendline holds, we will be looking for trend-following 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
Long
by TheSignalyst
2
STACKS ( STX ) long term ideaLONG term hold idea Very nice higher low... currently at an area of resistance ( order block ) 2 entry ideas ( 1 for breakout and 1 for pullback support bounce ) Year 2024 Plans for Stacks: Implement Nakamoto upgrade for enhanced speed and security in layer 2 solutions. Integrate ALEX's off-chain STX20 trading technology. Objective: Revitalize the Bitcoin L2 ecosystem This is for ENTERTAINMENT purpose Only. Not Financial Advise Always DYOR ( do your own research )
Long
by TradeIntuition
A Potential Correction on Bitcoin Incoming?Introduction In the ever-evolving landscape of cryptocurrency trading, the ability to interpret market indicators is invaluable. The latest data from Bitcoin trading charts presents an interesting narrative: Bitcoin, the flagship cryptocurrency, might be showing signs of an impending shift in its market trajectory. The chart shown, which tracks Bitcoin against the US dollar, is overlayed with the Volume Exhaustion indicator that highlights peaks in trading volume. These peaks are more than just blips on the radar; they could signal critical junctures in Bitcoin's market cycle, possibly indicating the end of its current rally. In this article, we delve into the analysis of these indicators and explore the implications for Bitcoin's short-term future. Could we be on the cusp of a correction, or is the market simply catching its breath before climbing to new heights? Let’s explore what the chart suggests about the potential paths ahead for Bitcoin. Potential End of the Bitcoin Rally From the chart, we see volume peaks highlighted, which often coincide with significant price movements. High trading volumes can signal the climax of a price trend, especially when they occur at the peak of a rally. The reason is that high volumes reflect high levels of activity, which, at the end of a rally, might mean that most buyers who were willing to buy have already entered the market, leaving less demand to push the price higher. Correction or Consolidation After such peaks in volume and price, markets typically enter a correction or consolidation phase. A correction is characterized by a drop in price, where the market 'corrects' some of the gains made during the rally. This might happen due to various reasons, such as traders taking profits or a change in market sentiment. On the other hand, consolidation is a period where the price stabilizes and moves sideways. This could suggest that the market is in a state of indecision, with the forces of supply and demand nearly balanced. Looking Ahead Investors and traders might interpret the current situation as a signal to exercise caution. It could be a time to consider taking profits or hedging positions to manage risk. However, it's also essential to consider other market factors and news that might impact the price of Bitcoin. Conclusion The indicators on the chart suggest that we might be near the end of the current Bitcoin rally. While this could lead to a price correction or a consolidation phase , it's important for investors to conduct a thorough analysis, considering both technical indicators and market fundamentals before making investment decisions. As always, past performance is not indicative of future results, and it's crucial to approach trading with a solid strategy and risk management practices.
INDEX:BTCUSD
by AlgoAlpha
Detailed BTC analysis Hello everyone, I invite you to an overview of the long-term situation for BTC. We will check what the pre-halving situation looks like and what we can expect in the coming time. At the beginning, we will turn on the indicator determining the dates of halvings and the color marking of the path along which the price is moving. We will focus on the current cycle and the previous one, starting by marking the ATH for the price that was achieved in 2017, and then we will mark the ATH achieved in 2021 in the same way. It is worth emphasizing here that 525 days passed from the halving in 2016 to the price peak in 2017, while 546 days passed from the halving in 2020 to the price peak in 2021, which gives a very similar time frame. Taking this into account, we will check how many days it took the price to reach the bottom after ATH in 2017, and here we can see that this period of declines lasted 364 days, which is very interesting that the period of declines from ATH in 2021 to reach the price bottom also lasted similarly - 376 days. Such behavior confirms high repeatability in subsequent cycles. Next, we will go back to the previous cycle and check how many days before Halving in 2020, the pre-halving correction began. And as you can see, the price started correcting 91 days before the halving. So let's go back to the current cycle and here we can also see that we are about 98 days before the halving starts. Looking at the repetitions that occur in cycles, we can expect a price recovery this time. It is worth keeping in mind that corrections in the cycle are usually around 20 to 40%, while the one in the previous cycle resulted in a much greater decline caused by the panic that occurred due to the most famous disease, COVID. Returning to the previous cycle, we will spread the Fib Retracement saitke from ATH to the bottom, thanks to which we will be able to see that the price has its peak before the halving at the level of approximately 0.618FIB. However, returning to the current cycle, we can see that the price is also approaching the previously mentioned level of 0.618FIB, which may also result in a price recovery. Additionally, we can see that the price path is currently changing to a very orange color, which also coincided with a rebound in the previous cycle. In a situation where a correction of around 30% would begin, it would result in a price drop to around $30,000. However, in order to take a closer look at the current situation, it is worth taking a closer look at the current cycle in which we start by determining the current upward trend line along which the price is climbing upwards using the yellow line. Going further, let's take into account the entire movement from ATH to the low and unfold the fib retracement grid, which will again indicate the 0.618FIB point as a strong resistance, which in this situation is at around $48,900. Which indicates that we may still see an upward move, although the previous rally that occurred after the new year was quickly extinguished by the announcement of the postponement of the decision on the issuance of the Spot ETF for BTC. Only after a positive break above this resistance, the price will be able to move towards a very strong resistance zone from $57,707 to $69,581, where the previous price peak is located. Next, we will check the support levels again by spreading the fib retracement grid, this time from the bottom to the current high. And here the first important support point is visible at the level of $34,667, while the next very strong support level is $27,205. However, here it is worth spreading the grid again, taking into account the recent upward movement, thanks to which we can determine a very strong support zone between the previously determined levels, from $33,151 to $29,597. This zone could result in a correction of approximately 30%. Please now look at the RSI indicator because you can see a movement near the upper limit of the range, which may result in the price reaching the previously mentioned resistance, but it is worth taking into account a possible recovery. Further, the STOCH indicator also shows that we have been moving above the upper limit of the range for a long time, which may also translate into a correction and healthy cooling of the market and indicators. In such a scenario, we can assume the appearance of future price movements, taking into account the postponement of the decision on the ETF for BTC. The situation could change dramatically when the SEC issues its final decision on the ETF, as a positive decision could result in huge gains, but a rejection could also bring the price to very low levels.
COINBASE:BTCUSD
by cryptodailyuk
ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders, From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated. H4 Chart: 📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward. In this case a bearish correction till the 1750.0 mark would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
"DYDX/USDT Long Alert 🚀: Potential Rebound from Strong SupportLONG #DYDX/USDT "DYDX is currently trading above the long-term established support level, and there is anticipation of a significant rebound from this point." 📈Entry Point: CMP). Additionally, be prepared to add more positions if the price drops to $2.652 💹 Targets: $2.860 $2.992 $3.143 $3.627 $4.3 ⛔️ Stop Loss (SL): $2.556 to limit potential losses. 📊 Leverage: 5x to 10x R:R :- 1:6 (Lucrative) Use leverage cautiously and in accordance with your risk appetite. It's advisable to be conservative with leverage to mitigate the risk of significant losses. Remember, This is not Financial Advice!
Long
by CRYPTOMOJO_TA
3
XRP Analysis and Trading Plan for 2024 📊Hello TradingView Family / Fellow Traders, On Daily: Left Chart XRP has been hovering inside a significant range between 0.55 and 0.75, and it is currently retesting the lower bound of the range. Moreover, it is approaching the lower red trendline of the channel that XRP has been respecting for a couple of weeks now. 🏹 Hence, XRP is situated around a strong area to look for buy setups as it is the intersection of the blue support and the lower red trendline. Thus, we will be looking for buy setups on lower timeframes as long as the 0.54 support holds. On H4: Right Chart 📈 For the bulls to take over in the short term, we need a momentum candle close above the last minor high in green at 0.592. And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in red around 0.66. 📉 Meanwhile, until the bulls take over, XRP would be bearish, and if the 0.54 support is broken downward, we can expect a bearish continuation towards the 0.45 - 0.5 weekly support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
BTC - First Update of 2024 📍Hello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the lower bound of the symmetrical triangle and traded higher. Now, what? 📈 BTC broke above the 45,000 resistance zone ; thus, we expect a movement toward the 48k-50k resistance zone. 📉 The bulls will remain in control as long as the 44,500 support holds. If 44,500 is broken downward, we will expect another bearish correction until the lower orange trendline is reached again. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
CHFJPY - Already Over-Bought 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉CHFJPY has been overall bullish trading inside the rising wedge in blue, and it is currently approaching around the upper bound / trendline. Moreover, the zone 170.5 is a major previous high. 🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green major high and upper blue trendline acting as a non-horizontal resistance. 📚 As per my trading style: As CHFJPY approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top 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
by TheSignalyst
US500 - Potential Bearish Momentum ❗️Hello TradingView Family / Fellow Traders, In accordance with my latest analysis, which is attached to the chart, we have been anticipating a rejection of the all-time high. 📉 For the bears to assume control and confirm the beginning of the correction phase, a break below the last major low highlighted in red is required. Meanwhile, until the bears take control, US500 would remain bullish and could still move within the green all-time high zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
CAPITALCOM:US500
by TheSignalyst
EURJPY - Following The Bulls ↗️Hello TradingView Family / Fellow Traders, 📈 EURJPY has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline. Moreover, the zone 150.0 is a robust round number and demand zone. 🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green demand and lower blue trendline. 📚 As per my trading style: As EURJPY approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
SasanSeifi 💁‍♂FIL / 3D ⏩ 6.50$ / 7$ As you can see, in the long-term 3-day time frame, the price has been rising from the demand zone to the liquidity zone. Then, after liquidating the buyers, after a partial correction, it was able to rise again from the price zone of 4.20 USD to the price zone of 5.22 USD. It is currently trading at the price zone of 5 USD. In the medium term, there is a possibility of further growth. A scenario that we can consider is as follows: if the price remains in the price zone of 5/4.70 USD after ranging, it will continue to grow further to the target zones of the liquidity zone of 6.40 and the supply zone of 7/8 USD. In the case of growth, to better understand the continuation of the movement trend, we need to see how the price will react to the supply zone. In addition, if the price penetrates below the price zone of 4.50/4.70 USD and stabilizes, the price may face further correction. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
4