A quick beginners introduction to Volume Profiles.
I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar.
Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading...
BTC/USD is still in a massive Ichimoku W Wave Pattern.
BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern.
BTC is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun...
Here is a closer look at this ADA/USD 1d chart.
Just like BTC, ADA is still in its massive Falling Wedge Pattern.
Here is a closer look at the Average Directional Index (ADX DI).
Once this world wide Recession has fully bottomed, for those that are prepared, there will be truly amazing opportunities to acquire your crypto of choice at a real bargain price...
TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41.
I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean.
Classic Divergence (Trend Reversal)
Bearish: Higher highs on price action but lower highs on the indicator
Quick BTC/USD 1D chart update.
A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K.
V Calculation (Negative)
V= B-(C-B) = D
C $25,160 - B $17,538 = $7,622
B $17,538 - (C-B) $7,622 = $9,916
Note that the above calculation is from the 1M Chart but i have added it onto...
Let’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul...
Im learning to TA, please dont judge me.
Looking into data from when selloff started in April and MCB wave started to roll down and second point, when MCB showing the bottom in June, pulled two separate VPVR for those ranges.
Pulled Fibb retrace.
Long time frame VPVR is in confluence with deep retrace by Fibb at $0.165
Short TF VPVR lowest volume is near 0.5...
Pulled some VPVR from different TF, and Fibb retrace, looks like 1.7 is good spot.
KNC has great volatility and Id totally expect deep retrace on that coins with very weak R/S in the middle. Would it be strong bull run, I might believe into shallow pullback, or GP in the best case. Looking at the chart and seeing zig-zags, swings are not rusty to go...
PEOPLEUSD 6h... BBWP expansion started South. Its at the volume profile center line, and going down to VPVR lowest point in confluence with Fibb GP - golden pocket. I will expect bounce from that area. My long didnt play, took 10% earlier and SL in few % profit... not much but was safe. Not shorting here, while it can bounce and eat shorts, better to follow the...
I think we finally can mark this top area as a massive resistance point for USDJPY as this is it's 2nd go around of a peak and seems to be a free fall. Massive areas of volume have been respected as long as possible but seems like a potential breakdown can occur with little to no air coverage. Could see the gas leaving the rocket ship as soon as it entered the...
Based on 2019 fractal using Moving Averages (20,50,200) and Visible Range Volume Profile (VRVP):
Some similarities, some differences. 20 MA @ $21,950 on 3 Day chart will be the key level to look out for.
- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k.
- They just don't know how to use this tool and didn't understand how it works.
- if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool.
- The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or...
BTC/USD 4hr chart analysis:
On the 17th, BTC had broken downwards out of its Ascending Wedge Pattern on this 4hr chart.
BTC had found some support from its support level at around $21,264 but has now dropped below it. A successful 4hr close below this level will possibly take BTC to its support area at around $20,834 to $20,494.
The Ichimoku Cloud Lagging Span...
$BTC currently balancing on the VAL and wanting to go below it.
Once we start moving down, the volume profile (right) suggests we will move down to 20850 at an increasing pace, possibly to halt there on support for a bit.
**If** we lose that, I think there is potential for things to move downwards fast and rather steeply, as the volume profile suggests.
Quick BTC/USD 1 week chart update:
BTC is in a massive Rising Wedge Pattern.
BTC is also in a massive Falling Wedge Pattern.
At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe.
At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe.
At the moment of typing this, BTC is still way below its...
A quick BTC 1 week chart update:
Note that BTC has closed another weekly candle below the weekly 200MA.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum...
How am I buying ATOM.
Bear markets can be very difficult ot navigate.
Staying in USD is also beneficial especially when macro economy is not looking great.
This is why I fix many DCA levels in order to be prepared for the worst.
Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate.
In this moment BTC is...