Richard Temple
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TA | Market Thoughts

Owner: @Richardily

Twitter: https://twitter.com/Temple_Crypto
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Richard Temple
🐀 I've got some exciting news for today! Today is the big day when the #EGO makes its debut on the Bybit and KuCoin exchanges at 10:00 AM UTC. Oh, and here's a friendly reminder to participate in the simple Giveaway hosted by Paysenger. Trust me, you wouldn't…
🐀 #EGO Has listed greatly! However, it is now trading not at great x's, but rather at a confident +40%. I didn't sell at this price, and I won't. Furthermore, if it dips below, I'll buy more at $0.06, as that is the public sale price.

With Dao Maker's very strong partners, the price should only go up!

Oh, and here's a friendly reminder to participate in the simple Giveaway hosted by Paysenger!
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Richard Temple
🍁 #BTC I am showing how to find a setup for long position. Chance of success with all conditions met = 90%. https://twitter.com/Temple_Crypto/status/1676538616754102274
🍁 #BTC Congrats to those of you, who followed my instructions and made a trade! Even if you attempted to open a short position before going long, your loss should be covered with a surplus!

https://twitter.com/Temple_Crypto/status/1676924028521709568
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πŸ’§Another project I am investing in is PATEX. It is the largest blockchain ecosystem in Latin America!

PATEX
was developed by C-Patex, the first local Web3 company. The components of this ecosystem are impressive:

β€’ Patex Network - a second-layer blockchain based on Ethereum, with the main token being $PATEX.
β€’ C-Patex - one of the first cryptocurrency exchanges in Latin America, which started supporting CBDC.
β€’ Patex Campus - an educational platform that helps gain knowledge in blockchain technologies.

The PATEX team consists of the professional team descending from Binance, Huobi, and KuCoin. Led by the experienced Ricardo Da Ros. They have experience in the creation of successful projects! Moreover, PATEX has already received confirmation from major launchpads and exchanges.

To stay up to date about the latest updates and be the first to know about astonishing announcements, follow the project's channels: Twitter, TG channel, TG chat.
Richard Temple
🍁 #BTC A flat pattern has formed on the chart. Usually, the longer the flat persists, the stronger the impulse later. I have drawn the boundaries of the flat. Also marked the targets that might be reached by price when we see a true breakout of one of its…
🍁 #BTC The price fell indeed, but it is still within the channel. If it manages to hold the support, we'll remain there for a little longer.

A breakdown of the support downwards, I remind you, could lead to a decrease to $28k - $27k!

https://twitter.com/Temple_Crypto/status/1677272838141792257
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🍁 #BTC Guys, for those who can't wait any longerβ€”hold on a little bit more!

Just wanted to note that all the recent sideways moves have been Β± the same as the current one today!

https://twitter.com/Temple_Crypto/status/1678338444349820930
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πŸͺ¨ #SOL While the price of Bitcoin is in a sideways trend, I'm trying a long position here on $SOL/$BTC. The price is being compressed to a descending resistance level & there is also a reclaim of the previous low.

The risk-reward ratio suits me nicely.

https://twitter.com/Temple_Crypto/status/1678694789125128192
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🍁 #BTC In the Wyckoff distribution phase?

Let's dive in: Currently, we have everything that ought to be in place up to the UTAD point.

β€’ Impulsive growth before distribution.

β€’ PS (Previous Support) - where the preliminary market offer appears after impulsive growth.

β€’ BC (Buying Climax) - where buyers reach the peak of their activity.

β€’ AR (Automatic Reaction) - where the price establishes the lower bound of the cycle.

β€’ ST (Secondary Test) - where we can see a retest of resistance from BC.

β€’ UT (Upthrust) - a false breakout/fakeout of resistance where sellers push the price back to support immediately.

And the cherished UTAD (Upthrust After Distribution), where the price finally breaks resistance but still ends up going down inside the channel. Within the channel, it has nowhere else to go but down, towards support, and there is no potential for a reversal from support. Therefore, the price continues to move downward.

https://twitter.com/Temple_Crypto/status/1679807762560331776
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Richard Temple
🍁 #BTC In the Wyckoff distribution phase? Let's dive in: Currently, we have everything that ought to be in place up to the UTAD point. β€’ Impulsive growth before distribution. β€’ PS (Previous Support) - where the preliminary market offer appears after impulsive…
🍁 #BTC I want to explain it in a simpler terms. The weekend is coming soon. But we shouldn't worry about what will during that time. Instead, we should pay attention to where the session closes on Monday β€” that will set further priorities:

Should we close near resistance, we'll go for a breakout. However, if the closing price remains within the channel, we will go downward by distribution.

To simplify it even further:

β€’ Price in the black rectangle - upward.
β€’ Price in the red rectangle - downward.

https://twitter.com/Temple_Crypto/status/1679831086950653952
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Richard Temple
🍁 #BTC I want to explain it in a simpler terms. The weekend is coming soon. But we shouldn't worry about what will during that time. Instead, we should pay attention to where the session closes on Monday β€” that will set further priorities: Should we close…
🍁 #BTC Happy Monday, everyone! As of now, $BTC has spent the entire weekend within the lower boundary of the rectangle, and Monday began with a drop below it.

It's risky to long at the moment. But if the price can move up into the zone above the flat, it might be worth considering a long position with a target of $31250.

If the price breaks $31250 and manages to stay above it, the priority will shift to an upward trend, with the targets of $32k to $33k.

However, currently, our focus is downward. A breakthrough below the flat's support would lead to a decline towards $29k to 28k.

https://twitter.com/Temple_Crypto/status/1680893790884868097
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Richard Temple
🍁 #BTC In the Wyckoff distribution phase? Let's dive in: Currently, we have everything that ought to be in place up to the UTAD point. β€’ Impulsive growth before distribution. β€’ PS (Previous Support) - where the preliminary market offer appears after impulsive…
🍁 #BTC In the distribution, another SOW has emerged. This was expected, but the price was carefully held back from further decline. Afterward, the price reversed back up into the zone above the support levels.

Most likely, we'll see a new UT within the distribution, after which the price will likely plummet downwards.

However, no matter what happens, if the price drops to $29500, we can confidently forget about a new UT. After LPSY (Last Point of Supply), the path is only downwards.

https://twitter.com/Temple_Crypto/status/1681974749189255169
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Richard Temple
🍁 #BTC In the Wyckoff distribution phase? Let's dive in: Currently, we have everything that ought to be in place up to the UTAD point. β€’ Impulsive growth before distribution. β€’ PS (Previous Support) - where the preliminary market offer appears after impulsive…
🍁 #BTC The price went down by the distribution without deviating from the plan. Which is even better, despite our expectations of deviation.

Now we have the situation where the price has exited the distribution and after testing $29k, it has stopped.

Today is the FOMC, which means there will be high volatility.

From here, I see a continuation of the movement only downwards. Either from current levels or with a retest at around Β±$30k.

The targets remain the same at $28k - $27k.

https://twitter.com/Temple_Crypto/status/1684132390791434241
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🌊 #OCEAN I see a bearish wedge with a broken support, as well as a broken support from the previous low. Currently, the price is below these critical levels. Opening a short position here.

https://twitter.com/Temple_Crypto/status/1684477640701628416
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πŸͺ#HOOK I see a bullish wedge & a double bottom. A good setup for a long position. I believe the price will be pulled towards the descending trendline. And from there, either it will go down to the descending triangle or breakout upwards through the trendline.

https://twitter.com/Temple_Crypto/status/1684560554860613633
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πŸ’‘ #LTC According to the TA, I see a bullish wedge pattern, and two strong supports below. I am purchasing at current levels & will be averaging down to those support levels.

https://twitter.com/Temple_Crypto/status/1685999647146557440
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🍁 #BTC A BTC convergence has been detected on a 4-hour chart. To initiate the setup, it is necessary for the price to reclaim $29075.

However, if the price remains below the $29075, the setup cannot be considered valid.

https://twitter.com/Temple_Crypto/status/1686366665880248325
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🍁 #BTC Well, the market's is flat. It can be pressuring, I understand. But nothing to worry about β€” this is a temporary phenomenon which always has been present seasonally in the market!

But
here's something I found for you! Look, there's an important support level - $29200! And I have some thoughts.

β€’ First:
And unfortunately the simplest thing is to wait for it to break down with confirmation below in order to open a short position!

β€’ Second:
Such a level indicates that the bulls are fighting for it. There's a buyer!

β€’ Third:
This indicates that the buyer is Limit, not market.
β†’ This means one doesn't want to buy at market price here;
β†’ This means the price isn't good enough for it to become a local bottom.

β€’ Fourth:
For a long position, you'd need to wait for some upward impulse and an influx of volume into the market!

https://twitter.com/Temple_Crypto/status/1687459971401973760
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