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ADA- Cardano - Entered Short - This is Why!On the Left is the Daily Chart and the Location is a Fib Area. Analyzing the 1Hr chart for my entry: 1. As previous said Location is Fib - this is a great location for seller to come in 2. Fake Break on Fib 61.8 3. Indcreasing PVR on the up wave as we approach Fib 61.8 and High PVR volume at the top. 4. Hightest down volume wave after a very long time 5. Placed AVWAP and waited for a Plutus short singal below it 6.... and finally the short signal arrives PDHTMU (Push Down and then Hard to Move Up) with a high Speed Index of 8.4S Target in the middle of Fib, but as long as we get to 50Fib we move are stop to breakeven or trail it. Enjoy!
Short
by TradeTheVolumeWaves
1
LTC- LitCoin - This is how a Fake Break on Fib looks like This is how a Fake Break on Fib looks like using Weis Wave with Speed Index Reading the Daily Cha rt 1. Fib Location - Sellers could enter here 2. Largest Up volume wave after a while - also sellers could be hidden in there. 3. Increasing PVR (progressing volume rate) = as we approve the top more volume comes in (sellers) 4. This up wave has the highest Speed Index 10.0S of all the up waves in the trend, that's a HTMU (hard to move up = sellers) 5. The highest PVR bar =sellers 6. Another Abnormal Speed Index 25.5 S - that's another HTMU = more sellers on the up move, price cannot progress upward anymore. 7. and finally down we go with a PRS signal. All the ingredients for the Short were there. Reading Weis Wave with Speed Index is like reading a book, page after page, until you reach to the last page that the writer has kept the surprise, the only difference is that this is never ending chart book with many stories. This was the story of LTC for now. I think this story has not ended yet and continue to drop to another Fib, the details on the 1HR!. I hope you enjoy this chart reading lesson using Weis Wave with Speed Index.
Short
by TradeTheVolumeWaves
3
XLM - Stellar - Possible Short coming up - This is Why?Reading the chart (annotations in sync with chart): 1. Location: Fib over-shoot - possible sellers 2. Largest up volume - possible sellers in there 3. Mountain shape PVR - increasing volume as wave progress 4. Abnormal SIs at top (could be closing positions but it also could be sellers absorbing buy orders. Risky Entry but with better RR enter now. stop above tops, target blue AVWAP Conservative Entry with worse RR: wait for the break downwards of red AVWAP, target blue AVWAP. Enjoy, wave and speed index reading!
Short
by TradeTheVolumeWaves
1
LTC - Litecoin - After the Short the LongAfter the short Signal on the AVWAP line we found buyers at the bottom. 1. PVR mountain shape is the first indication that buyers are coming in. 2. Abnormal SI 5.6 is what I call 1st Push Up. Finally the entry Plutus signal PL. You should be careful now because we are crossing Fib 61.8, get you profits sellers might be in that high volume bar. The reaction later waves will be indication if we are going to continue or reverse. Enjoy Trading the Volume Wave and Speed Index!
Long
by TradeTheVolumeWaves
LTC- Litecoin Entered Short Reading the chart this is the story: 1. We had Significant Fib location where we found sellers visible at the top- the reaction after the up wave a large down wave. 2. Placed AVWAP at the beginning of the up-wave and waited for the price to cross downwards and the pull back so that AVWAP will act as resistance. 3. Pull Back to AVWAP came after some time 4. Price never breaks AVWAP upwards and it has hard time to move up - Abnormal SI of 4.9 5. Finally waited for a Plutus short signal and in this case it was a PRS. Stop above AVWAP center line target at least 1:1.5 Enjoy!
Short
by TradeTheVolumeWaves