Volume-based indicators give information about the amount of traded contracts or lots. Its one of the few types of indicators that base their value not solely on price. Volume obviously depends on the selected period. The amount of a security that is traded at any given time can give an indication as to whether the trend is likely to continue or might reverse. It shows at which prices traders open their trades. An increase in volume usually precedes an emerging trend and a drop in volume usually precedes an ending trend.
Interesting situations are created when the price makes new highs or lows while the volume drops. This price - volume divergence could point to a trend reversal. There are many volume-based indicators such as the Money Flow Index (MFI), Chaikin Money Flow (CMF) and Volume-weighted Average Price (VWAP). They can be used alone or in combination with other indicators.
Alright, after a major break out from the Head and Shoulders pattern + Global Gann line ETHUSD has fallen quite good. Currently we are on a small pullback and the next question is were to do an entry for a short position.
1. Bearish Cypher pattern seems to be fullfilled right now.
2. TP1 (0,328 fib) is about to be finished.
3. The volume is falling while the ...
Netflix has formed a rising wedge pattern which can break sharply down if the bottom support is breached. A short at the top of the wedge here is a risky but worthwhile play in anticipation of the next support test - especially considering that the last jump was on low volume.
I see a lot of indecision here. That worries me. I hope we don't bleed past 6400 and then tank. Stay Safe people. Don't catch falling knives. There's no shame in being in Fiat or Tether if you didn't get a good short entry.
The obvious reason for this trade is a long and for the RSI showing Exaggerated Divergence.
As well as very great respect for the weekly trendline 3 times at least.
Double bottom on all time frames from 3HR down to 15Min for entry.
Respect to all demand and supply zones and strong bounces from the area of confluence multiple times.
Thank you!
With price at all time lows and a pattern emerging looking like an Adam and Eve bottom, the risk to reward has a lot of potential (considering price won't move to 0) with the risk being low and the potential rewards to be rather outlandish considering the position in the market.
The fib tool is using a method I've come up with using the positive powers of two - ...
The Bollinger bands are very tight on ACB right now and we have been building a slope for some time now. ACB already tried to break out once but faced high selling volume. I really do believe this will be an easy trade though. I marked out the following Fib levels as targets. Depending on speed, I think we can see 11 USD again soon. The red line is for refill. ...
EOS has had a very nice pump up to $22+ but its been long overdue for a healthy correction.
Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction.
EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing ...
EOS has been in a downtrend from its all time high. It will reverse, but where? The 0.786 fibonacci retracement level is just above the VPOC, so if we get there, there is a great chance of reversal there. On April 11, volume nearly tripled driving price up over 40%.
Price entry point: 0.0150
* Strong demand zone; high volume
* Just above 0.786 Fibonacci ...
This is just an update on my last ETHUSD idea. It is still active even though the descending trend line and the RSI trendline is broken on the 4h chart:
- The Triangular Pattern: Point 4. is completed.
- The Head and Shoulder Pattern (SHS) is still active.
A bigger fraction of the left shoulder has been used instead.
- The Volume within the SHS Pattern is ...
https://www.tradingview.com/x/15gCWwhw/
Hi Folks!
We had a very good news regarding Zcash last time. It will be listed on Gemini Exchange. The price has exploded.
It may go even higher as looking at the big picture of ZEC we are very low according to Fibonacci levels (big scale). The second chart with bigger picture illustrates this.
Right now it is good time ...
NASDAQ:PYPL is traded at same closing price with increased volume, RSI is high and could soon turnaround to lower levels, but the MACD doesn't indicate a crossover yet. Perhaps a small correction at 14.05.2018 is ahead, my price target for the end of next week is about 74$.
Bitcoin going through Wyckoff Reaccumulation.
Hidden bullish divergences and weak volume sell offs on the way down (supply absorbtion). Could see spring at weekly support ~$8700 before next leg up to ~$11.3k.
BTC/USD BTCUSD #BTC $BTC #Wyckoff #Reaccumulation
- @CryptoCurb
https://www.tradingview.com/x/bBI1k0bY/
Hello my dear friends!
The previous idea to open a buy order has reached the first target and was closed
by breakeven. So we are now starting a new hunt for excellent deals!
Priority: Buy orders ( looking for buy limits as a priority)
Trading Plan
Buy limits at:7700 and 7400
Control point: 7200
In the first idea we have worked out the upper edge of the ...
XRP along with the entire crypto-complex, remains in a downtrend. But we see an opportunity for a short-term counter-trend long here with a decent risk reward. Would look to get long at current levels (0.638), looking for a bounce to the PoC at 0.675 (with optionality of a move higher), while using 0.615 as stop, giving us a risk:reward of around 2x.
![NFLX: [NFLX] Rising Wedge](https://s3.tradingview.com/q/qTTWzSI9_mid.png "[NFLX] Rising Wedge")
