Today we are looking at Algo because we noticed that while the majority of the Cryptocurrency market is down for the day, Algo is currently showing a >10% gain.
Time Frame
In this example, we are using the 4-Hour chart because we noticed a High Volume candle being triggered.
Strategy
Tactical Analysis - The evolution of the Traders Reality Hybrid strategy which stemmed from Steve Mauro's Market Maker Method and Trader at Home's PVSRA (Price Volume Support Resistance Analysis) systems.
Trade Idea
This is a very basic trade setup. Price is at the high's and is approaching the 200 EMA on the 4-Hour chart which is the equivalent of the 800 EMA on the 1-Hour. Typically price will react to the 800 EMA and tends to revert back towards the mean of the 50EMA. The daily V-Wap is currently sitting right around the 50 EMA providing more confluence for this trade idea as the price also usually will return to the Daily VWap which is where the institutional traders will find the liquidity to fill their positions.
Additionally using the Trader Dynamic Index indicator in the oscillator section at the bottom of the chart we can see the price line has crossed the Market Base Line heading up however, we are seeing bearish divergence, Vwap Mac-D, and momentum all declining.
Indicators Used:
The Tactical Analysis 3-Indicator Suite
Time Frame
In this example, we are using the 4-Hour chart because we noticed a High Volume candle being triggered.
Strategy
Tactical Analysis - The evolution of the Traders Reality Hybrid strategy which stemmed from Steve Mauro's Market Maker Method and Trader at Home's PVSRA (Price Volume Support Resistance Analysis) systems.
Trade Idea
This is a very basic trade setup. Price is at the high's and is approaching the 200 EMA on the 4-Hour chart which is the equivalent of the 800 EMA on the 1-Hour. Typically price will react to the 800 EMA and tends to revert back towards the mean of the 50EMA. The daily V-Wap is currently sitting right around the 50 EMA providing more confluence for this trade idea as the price also usually will return to the Daily VWap which is where the institutional traders will find the liquidity to fill their positions.
Additionally using the Trader Dynamic Index indicator in the oscillator section at the bottom of the chart we can see the price line has crossed the Market Base Line heading up however, we are seeing bearish divergence, Vwap Mac-D, and momentum all declining.
Indicators Used:
The Tactical Analysis 3-Indicator Suite
- - Tactical Analysis Part 1 - TVAR (Tactical Volume Analysis Recovery)
- - Tactical Analysis Part 2 - Levels
- - Tactical Analysis Part 3 - Oscillators
Trade active:
The 4hr candle just closed with price being right at the Average Daily Range High.