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Blockchain

Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊 The Mining Equation: Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰 RIOT and Bitcoin: A Comparison: When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀 What to Watch For: Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price. Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations. Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability. Conclusion: The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks. The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
BTC - Critical Resistance ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. BTC is currently hovering around a strong resistance zone and round number 28,000. 📈 For the bulls to remain in control, we need a break above 28,500. In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected. 📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern. However, the bulls would remain in control medium-term as long as the lower red trendline holds. 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
by TheSignalyst
23
XRP - Are You Ready?⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 After breaking below 0.55, XRP has been in the making of an Accumulation phase ranging between 0.45 and 0.55 for a couple of month. The 0.5 zone is also a strong demand and support zone from Weekly timeframe. 📈 For the bulls to take over, and start the Markup phase, we need a daily candle close above 0.55. 📉 Meanwhile, XRP would be consolidating and can still test the lower bound of the range where we will be on the lookout for short-term buy setups. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
28
ETH - Prepare for Takeoff ✈️ OR Brace for Impact 🛩Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart ETH has been overall bearish trading inside the red falling broadening wedge pattern. However, it is currently approaching the lower bound / red trendline. Moreover, the 1500.0 is a strong support, demand and round number. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 1500.0 and lower red trendline. on H1: Right Chart ETH is also bearish from a short-term perspective trading inside the falling blue channel. 📈For the bulls to take over, we need a break above the last high in blue. Meanwhile, ETH would remain bearish and can still test the 1500.0 round number. 📉If the 1500.0 is broken downward from Daily timeframe, expect long-term bearish continuation! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world. Here are a few reasons why Litecoin might be considered an undervalued asset: Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases. Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments. Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection. Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features. Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness. Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions. Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant. Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward. Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers. Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts. As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market. What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:LTCUSD
by RocketBomb
5
BTC - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. This week, BTC rejected the 28,000 resistance and is currently trading lower, so the bears are in control from a short-term perspective. However, the overall bias is still bullish as BTC is still trading inside the rising channel in orange. Moreover, the zone 27,000 is a demand zone. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support. As per my trading style: As BTC approaches the lower orange 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! ~Rich
by TheSignalyst
19
Steve's NVTHV calls are 100% on BTC big movesThis indicator is the Steve's NVT HV. It's a private indicator. It follows the HISTORICAL VOLATILATY and the NETWORK VALUE OF TRANSACTIONS. This indicator is 100% accurate on finding bitcoins major moves, both up and down. The way it works is very simple, on the one week only... The movement of the line is the volatility. once the volatility reduces to under the yellow line and then pops back up above it, it means volatility is coming, but you we don't know which way. The color say the direction. if it's white then prices plummet, if red then prices will go up. It doesn't' matter what color it is upon entry, on the the exit matters. So, take a look at it 's historical accuracy so it's saying that a big move is coming.. but where ? we don't have confirmation yet, but it will flash here in the next week or two. So we wait.. leave a comment if you are interested in this indicator, I can point you in the right direction. Thanks for peeking, WeAreSatoshi
COINBASE:BTCUSD
by WeAreSat0shi
10
Bitcoins next 6 months outlookBitcoin is still clearly in the bear market and won't make it's initial big push out for 6 months most likely. This should be good news to you if you are stacker. The bears have a strong hold over price action, but as we can see on the RSI, the hold is weakening with bullish divergence forming in this underling indicator that simply determines "relative strength". If bitcoin maintains this divergence you can expect a very quick price pop up by the end of the month (seems likely) . The down trend resistance levels are color and thickness coded by strength. Each time any one is conquered, meaning a break above and stay above, our attention is then focused on the next one until all are broken and defeated. Stronger to weaker RED ORANGE GREEN BLUE Thanks for looking at my chart and leave a comment on what you think. My chart is educational analysis and is not to be taken as financial advice. We are all here to make money and limit our risk is the best way to do so. Contrary to the news, from what the chart is showing us... it's telling us that risk is low, the RSI has bottomed and showing signs of strength. * Bear markets are buyers markets, Bull markets are sellers markets* PS: The arrows are only examples Once again... thanks, WeAreSat0shi Stay Blessed!
BNC:BLXLong
by WeAreSat0shi
4
ETH - Wait For The Bulls 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart As mentioned yesterday, ETH is approaching a strong support zone so we will be expecting the bulls to kick in around the blue circle zone as it is the intersection of two rejections. on H1: Right Chart For the bulls to take over short-term, we need a break above the last high in blue. Meanwhile, ETH would be bearish and can still trade lower to test the 1600.0 support in red. For now, we wait ⏱ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
ETH - Longing For One More Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 1500.0 support zone, ETH has been overall bullish trading inside the rising wedge in blue, and it is currently approaching the lower bound of the wedge. Moreover, the zone 1600.0 is a support zone. 🏹 So the highlighted blue circle is a strong area to look for trend-following 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 ETH approaches the lower 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! ~Rich
by TheSignalyst
14
BTC - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Bitcoin has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel. Moreover, the zone 27,000 is a demand zone. 🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the blue demand zone and lower orange trendline acting as a non-horizontal support. As per my trading style: As BTC approaches the lower orange 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! ~Rich
by TheSignalyst
18
BTC - The Bulls Are Back 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst. As per my last BTC analysis, we know that the bulls took over by breaking above the 26,500 high. 📈 For now, the bulls remain in control and we are expecting a movement till the 29,000 supply zone in orange. 📉 Unless the bears manage to take over by breaking below the 27,800 support in red. In this case a movement till the 27,000 demand zone in blue would be expected. 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
by TheSignalyst
21
ETH - Bulls Are Strong 💪Greetings, TradingView Family! This is Richard, also known as theSignalyst. Based on my last ETH analysis, we know that the bulls took over by breaking above the 1610.0 resistance. 📈 Now we are expecting a movement till the 1700.0 resistance. 📉 The bulls will remain in control, unless the last low 1650.0 is broken downward. 📚 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
by TheSignalyst
13
BTC/USD weekly timeframe analysisBTC Chart in the weekly timeframe, after setting an all time high ($19660) BTC has formed a Flag between $2,972 & $13,880. and had formed a very wide and long trading range ! As the formation of this flag, price has made a 2TB (2nd time back) to the lower FL and according to the huge buy orders which we can see in the candle formation, a new uptrend had started. This uptrend was so strong that had engulfed the upper FL & ($19,666) SR line - & could cause a 1692% growth in the value of this asset and hit a new ATH of $64,895 ! After engulfing the FL, a new FTR was formed ($16,218-$19490) which in general we can call this a Decision Point for the green FL zone. We must consider this zone very important as it has been formed by breaking the SR lines and engulfing the previous FLs. Next, price formed a new Flag between $28.800 - $64,895. We must take into consideration that in the first Pullback to the lower FL price engulfed this zone which was a sign of an end for the latest uptrend for the price of BTC ! And then we can see the price faking out of the Red FL zone in order to collect liquidities. As you can see in the chart, after price descending under the FL and engulfing the SR lines, it has formed a new zone called FTR that is actually the DP for the engulfed FL zone. In the big picture we could see a Wyckoff being formed which is a sign of change in the trend of price to a downtrend. Then , price fell to the MPL zone of the previous FTR/DP and was supported to rise higher, but as there were huge sell orders after a tight compression, price made a pullback to the FTR in the lower TF and continued to fall to the point that it engulfed the MPL zone by crossing down $16,000.
BITSTAMP:BTCUSDShort
by TraderAceAcademy
BTC/USD Daily Timeframe AnalysisIn the daily TF, after engulfing the $16,218 area, price started to accumulate. This accumulation took almost 60 days and BTC had very low fluctuation but after the accumulation price started to break all the SR lines and even the mid-term trend-line. As a result of these engulfing these SR lines, we can see FTR zones were formed and had supported the rise in the price one after another. And also cased a formation of a very important base between $19,562 - $20,368. (Referring to the strength of this base and the pattern formed, we can consider this base an important Order Block). By breaking out of the FTR zone $25,200 (orange) price formed a new FL between $24,745 - $32,376. Generally, when price of BTC rose to $32,000 we can consider this a pullback to the DP of the weekly TF. And started to distribute. In the current situation we must take the following into consideration: ⁃ currently price is ranging in a Flag ( indecision area) and non of FLs has been engulfed in order for us to have a clear for cast of BTC future moves ! ⁃ As price is in downtrend in the higher TFs, and after making the pullback to the DP of the downtrend pattern price broke the mid-term uptrend trend-line.,The probability of engulfing the lower FL and descent of price to the base which was before the pole (FTR) is very high ! Kindly note that in Financial Market there are more than 1 scenario! We in fact, by relying on rules and principles of Technical Analysis & also deep analysis of Fundamental Data, try our best in providing you with a thorough analysis together with e most probable scenario for the future values of assets and currencies.
BITSTAMP:BTCUSDShort
by TraderAceAcademy
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
by TheSignalyst
16
ETH - The Bulls Are Struggling ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. Based on my last ETH analysis, the bears remained in control as we had a break below 1600.0 📈For the bulls take over again , it's crucial for ETH to surpass the 1610.0 resistance. 📉 Meanwhile, ETH would be bearish and we will expect further bearish movement till the 1555.0 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
by TheSignalyst
20
BNB/USDT Analysis:- Ready for $100 in few Days?Binance Coin (BNB) Technical Analysis: A Bullish Future Amidst Short-Term Challenges:- Introduction: Binance Coin ( EURONEXT:BNB ) is currently trading at $209, and there are some intriguing developments in its chart that we need to explore. This technical analysis will delve into the short-term expectations for EURONEXT:BNB and provide insights into potential buying opportunities and long-term prospects. Please note that this analysis represents my personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. Short-Term Outlook: As we examine the current chart for $BNB/USDT, it's evident that there's a potential downside move looming in the coming days. However, there's more to the story. In the weekly chart, a Bull flag pattern is forming. This suggests that while we may see short-term bearishness, there's a strong indication of a bullish trend in the near future. The critical support level for the Bull flag channel is at $100, and I anticipate $100 becoming a key price point in the short term. Opportunity in the Dip: With the strong support at $100, this presents an excellent buying opportunity for investors looking to enter the EURONEXT:BNB market or increase their holdings. It's important to note that purchasing at or near this level could yield substantial gains when the next bull run occurs. Long-Term Perspective: While the short-term may pose challenges, the long-term outlook for EURONEXT:BNB is quite promising. I anticipate a significant bull run in the future, with price targets ranging between $2000 and $3000. However, this is a longer-term projection and should be considered as such. Critical Price Levels: Currently, the $210-$250 range is of utmost importance. Traders and investors should closely monitor this level as it could serve as a pivot point for EURONEXT:BNB 's short-term direction. In summary, Binance Coin (BNB) is experiencing short-term turbulence, but the formation of a Bull flag pattern suggests a bullish future. The $100 support level is key, and buying opportunities may arise there. Long-term prospects for EURONEXT:BNB are exciting, with potential for substantial gains in the next bull run. Support Levels: Short-Term: $200/$100 Resistance Levels: $310/$460/$660 Remember, this analysis is my personal opinion, and it's crucial to conduct thorough research and consider your risk tolerance before investing in any cryptocurrency. Stay informed and make informed decisions to navigate the volatile crypto market successfully. Please Follow me for More quality analysis.
by CryptoPatel
BTC - Decision Zone Ahead ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. Based on my last analysis, BTC rejected the red supply zone and traded lower. Currently, BTC is trading inside a falling wedge pattern and approaching the lower red trendline and 26,000 support. 📈 For the bulls take over again short-term, it's crucial for BTC to surpass the last high in gray 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 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
by TheSignalyst
22