Daily charts represent series of data points where each data point is comprised of the price movement for a single day of trading. This chart type has been used for a long time by traders and typically applicable for swing or position trading.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I just started a new series where I will analyze Bitcoin in 1 minute for 500 Days!
Let me know if you like the idea.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
USDCAD on the daily chart is trading below a weekly resistance.
I would expect some more bullish development and a test of the 1.33 area can be expected.
How can i approach this scenario?
I will wait for the EU market open and check for a possible break above the structure.
IN that case, i will search for a nice entry point according to the Plancton's strategy...
Morning folks,
Well, as you know - we're sceptic on any bullish setups that BTC is forming, just because we know the fundamental situation and it has no chances to normalize within few years. Thus, we keep valid our long-term targets on BTC of 12-13K and next is 8-9K.
Now market has big technical problems - it has no more strong supports, it is not at oversold...
Weekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC
Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower
4hr Chart shows that we are quickly approaching the long term broadening formation
I would watch the price action around this...
Market tanked from the anticipated supply / OB / Retail resistance.
We are waiting for the price to come to our demand / Bullish OB / Support.
The market has huge momentum towards the downside, however if in the coming week we see a decrease in volatility and the market goes to the OB and the market might respect out entry level.
However, if this activates i...
Morning guys,
So, H&S that we've mentioned week ago is working slowly. It is not necessary to talk alot about it. Since bearish fundamental background has not changed and we still have long term 12K target - we consider this pattern as the chance to get better entry price on the short side. Thus, if miracle happens and it works, then 23-24.2K area seems like...
In my previous post I published the idea of a massive bear market rally.
This idea is still in the books, however, it may take days if not weeks to play out (if it does)
As a result, it is important to spot local tops and re-balance lower (not just to maximize your profits but more importantly to avoid getting rugged)
When we started the daily, the main idea was...
I know the question that is on most people's minds right now...
Is the drop over for Bitcoin?
Is the bottom in?
Bitcoin Daily Chart Analysis
We are looking at the daily timeframe for the BTCUSD pair.
Yesterday we hit a new low set at $17,605.
It is the first time Bitcoin see this price since November 2020.
It is only the second time that Bitcoin goes...
Possible entry could be a retracement on the daily candle and then have it push to the downside to fulfill imbalances in the daily candles. Should we have a break past our stop loss we re-look entry points for a bearish trendline
USDCAD on the daily chart is trading below a weekly resistance.
After the FED decision to increase the interest rates we can see some more bullish development and a test of the 1.33 area can be expected.
How can i approach this scenario?
I will wait for the EU market open and check for a possible break above the structure.
IN that case, i will search for a nice...
Greetings everybody,
So, BTC goes with our long term view, that suggests next target around 12.17K. Meantime, as market takes the rest after yesterday's thrilling session, minor tactical bounce could happen. If H&S works - BTC could re-test broken lows, which is also 25K-resistance area as well. H&S should start from ~ 21K. If BTC doesn't do it - be prepared for...
EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level.
The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above to set a nice long order according to the...
Morning folks,
Those who read our weekly reports on FPA site on fundamental analysis of the US economy probably are not surprised with the BTC collapse. As BTC as the stock market are doomed. We expect 2500 level on S&P on mid-term perspective with further drop below 2000 in longer-term, which means that our long term targets on BTC is 12K and 8K...
Now BTC is...
XAUUSD on the 4h chart reached as expected the 1870 level and is now testing a daily support.
The market after the break of the structure seems to have enough strength to move to the next structure around the 1890 area.
How can we approach this scenario?
I will wait for the EU market open and check for a possible break of the resistance area .
In that case, i...
I know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line.
One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current...
My mistake was to omit looking at Oil from the top down. This led me to accurately spot a bullish move with divergence
and as they are reliable it moved in my favour but the longer outlook is now turning bearish. Here the daily suggests
that Oil will not move higher for now. And that a solid short lasting several days, and perhaps even a few weeks
is likely. ...
