As I have said before, vying for 152+ is pure mental illness borne out of greed and brain-to-bull-market replacement. Times of easy money off longing the dollar are over. CPI has shown this. The only things still up are fuel and rent, and arguably so. As with anything, zoom out before you get excited and lose money. This is the only PSA I will leave here for a...
Hello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart....
Shiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps time for a rest. The chart shows the breakout and then extension above the VWAP lines that are trying to catch up. In proper risk management. I will take half the position off...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking above the $70,000, BTC is heading towards the next potential round number at $80,000 How high can BTC climb? The marked red arrow represents a significant resistance and overbought zone as it marks the intersection of the upper red trendline and $80,000...
Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price...
This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction. Technical Analysis: Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend. Escaping the Accumulation Box: The recent breakout from the daily accumulation box...
MRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%. The chart however shows the bullish candles are decreasing in range and price is more than two standard deviations above the mean VWAP and far outside the high volume area of the volume profile. Bullish volatility fell to close the trading week on Friday afternoon. My trade...
On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
On this highly reliable weekly chart I have placed and added various indicators. My review of them is on the chart. Solely from the perspective of my review and analysis and not at all setting aside the idea of BTC to $250K in 2024, Bitcoin may be overbought with a high RSI and MACD about to cross lines over a relatively thin histogram. Price is higher than...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC is currently hovering around the upper bound of the orange channel. 📈 The bulls will remain in control, unless the last low marked in red at 50,400 is broken downward. 📉 In such a scenario, the bearish correction would start leading to a movement till 48,000 demand...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 DXY has been overall bullish , trading within the rising wedge pattern in red. At present, DXY is approaching the upper red trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in green. 🏹 Thus, the highlighted red...
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
We received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal closing price over the next 10 trading days 95.7% of the time. The...
SOL is back in the game where we were again outside in overbought zone (from where we had a nice rejection as well) We are looking at that $82 zone, which we marked as a red area (which needs to be broken for further movement to lower zones) We are seeing good potential for some downward movement here, so our eyes are open!! Swallow Team
Another week is here, and last week we had some massive moves on the market. (Where we dumped as low as $38,500 and then recovered from there, eventually not securing that $40K zone as of now.). That's all natural movement from bitcoin, as we are witnessing a correction to the upper zones (near $43,500), where a lot of liquidity is currently lying. Despite all...
These are the principles I have gained due to the reading materials. 1. Wait for Extreme Premium/Discount 2. Wait for Price to Exhaust Pressure 3. Wait for Any Chart Patterns Indicating Reversal 4. Wait for Trendline Break with Momentum 5. Wait for HARSI/WAE Above Explosion Line + Reversal Engulfing Candle Close 6. Entry on Trendline or Pivot Re-Test. NO...
The coin has great potential for some downward movement here, for sure, with price reaching the major resistance zone, which we will not be able to breakout from with our first attempt. As now we have started the rejection phase, we might see even further movement here for sure to lower support! The first sign of potential reversal is RSI entering back in normal...
SOL has been on our radar ever since that 40% gain we achieved, but as of now, on a daily basis, we are seeing a nice indication of a potential downward movement soon!! With the price being multiple times outside of the overbought zone, we see that the price is feeling pushy, where currently it is attempting to form another zone outside of the overbought...