After 5 days of long consolidation EURUSD made a downward movement...
For that reason i use Volume Profile for finding Point of control (POC) for the market.. Where i see fair price.
POC - The price level for the time period with the highest traded volume.
And now i expect that in this level will be reaction when the market return back.
We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019.
After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262...
50 % moved up is so near to the Point of control of the year 2018.... So there...
If you like my work feel free to leave a like and follow not to miss any trade. We successfully fulfilled 12.5R with ETH/USD last night and caught BTC/USD at 10.4k a few days ago.
BTC/USD has proven within the last 24 hours that a set of clear highs and higher lows indicates strong willingness to break out and aim for liquidity pools.
As POC from yearly-high...
Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones!
Based on profiles from week 25 to week 27 of 2019, we've had an aggressive buying by short term traders which is very evident in week 25.
In week 26, we got an excess high due to high liquidation by these day...
Good morning, traders. There hasn't been a lot of action over night. As discussed during yesterday's live stream, Bitcoin's current price position has supply and demand searching for enough liquidity to get a trend going. Yesterday's drop and $200 rebound appears to have led to the printing of a flag. If so, then the target is the same supply zone that rejected...
if price brakes the very important support of 2635 will resume bearish trend enter short trade.
I want to see it brake Pivot P first, in S&P500 (not SPX) this is at 2634
Stop Loss at recent high 26442
Target at POC from 17th of Jan 2605
Good morning, traders. Bitcoin continues to trend slightly lower but has yet to make a strong, continual move down. This morning we saw price drop, hit demand and rebound just under $200 very quickly. There is no doubt that moves like this are causing traders to lose money as their stops are taken out. The market is attempting to find/create liquidity to get price...
The daily RSI shows we hit an important resistance and the pitchfork shows we could be retesting the center line around the same area as the POC around 3.4 k. In case we break the RSI resistance, this idea would be invalidated, and the bull trend would resume.
the slope rider signal has fired on the 15' chart.
today markets are stuck in a range due to all the news that came out in the past days.
Keep Stop Loss above last high in price at 2720 (ESZ8 price, not SPX500).
Take partial profit at 2702: very high volumes here yesterday.
Target 2686: the last unmet Point Of Control from 28th of Nov.
The last week was nice move down on EURGBP. In this strong sell off i want enter to short position that is why i chose zone close 0.8821. There is really nice POC od the day ( Point of control ).
One more thing!! From this zone started perfect move down, so for me it is mean i will be ready for short from this zone...
Lets check my last post...
Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good...
Based on a POC breakout. seems like we've passed the spring, and ready for breakout. consider this setup on a breakout above 1650-1700 levels.
entry : 1670
target : 2350
this is not a signal or trade advice, only a possible setup for educational purposes.
To find the entry, you must look at the 4h and locate the level after the bounce of the support and based on PA (candle formation) you enter long at about 122.55+/-
If price Violates the support (DO NOT ENTER). AGAIN, ONLY ENTER THE TRADE IF PA is clear after its bounces.