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Volume Divergence / Coincidental Volume Spikes, hmm... Volume divergence to me is valuable, it says a lot if properly examined. So the the main thing that is obvious here is the bearish volume divergence. The late 2017 high compared to the mid 2019 high, with volume compared shows clear divergence. This should have been a big warning sign as it formed. Something more interesting is if you closely examine the price and volume structure you see a series of patterns that emerge. As you can clearly see going all the way back to 2017 there are a series of volume spikes that coincidentally appear at somewhat strategic points. In the market if you want to say theoretically push the market down, for what ever reason. You would first need to push the market up, this is cause and effect. By this cause/action of swiftly pushing the market up you can actually create the desired effect/reaction of causing either a swift pullback, or preferably a slow more controlled pullback that extends over a desired range of price and time. It is very evident that over the numerous examples posted on this chart of blow off tops, or just swift moves up, there seems to be a correlation of these events at somewhat strategic points. What I feel should be taken from this for instance the 12/18/19 rally earlier today. It appears to be just another strategically implemented cause/action, that if history repeats should complete the similar effect/reaction of numerous previous incidents. If you have taken today as a good sign, and not truly looked at what has really happened. You have only fell into yet another of a series of unfortunate events, in my opinion designed to separate you from your coin. Be safe out there, happy trading. Cheers...
CRYPTOCAP:TOTALShort
by UnknownUnicorn2804040
2
ETCUSD 1D DESCENDING TRIANGLE SHRT BREAKOUT TRADEDescending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
BINANCE:ETCUSDShort
by Tradingstrategyguides
2
BTC Bullish Divergence| Trend Line| ApexHello Traders! Today’s chart update will be on BTC which has a probable bullish divergence as price travels close to its apex. Will BTC respect its uprising trend line in this regression trend? Points to consider, - Trend in control by bears - Structural Support to be tested - Resistance retest confirmed - Stochastics in lower regions - RSI respecting trend line - EMA’s resistance BTC has put in consecutive lower lows in this regression trend; a break out of this channel will change the overall trend. Structural support is yet to be tested, the $6000 psychological level is very key to hold for a bullish bias, if BTC was to test that low. The trend line is in confluence with support, signalling that buy pressure should push price up. Resistance level was confirmed by a bearish retest, sell pressure was too strong for bulls to break above, and we also have pressure coming in from the EMAs. The stochastics is in currently in lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. The RSI is currently testing support, needs to hold true to confirm a probable bullish divergence. Overall, in my opinion, BTC needs to break bullish from this current apex; this will respect the trend line coming in from yearly lows and confirm the bullish divergence. What are your thoughts? Please leave a like and comment And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt **Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
Long
by The_Alchemist_Trader_
3
CME Futures New Gap| Clear Resistance Line Hello Traders! Welcome back to another update, today we will have a look at the BTC CME Futures chart, where a new gap has come to fruition. Will this gap get filled sooner rather than later? Points to consider, - Trend Bearish - Price testing .618 Fibonacci - Strong down trend resistance - RSI in oversold conditions - Stochastics in lower regions - Volume below average The trend has been putting in consecutive lower highs, establishing a very strong downwards sloping resistance line. Support currently is held on the .618 Fibonacci level, a strong area theat needs to hold true. The RSI is currently oversold; an oversold bounce looks imminent as the stochastics is in lower regions. Stochastics can stay here for an extended period of time, however lots of stored momentum to the upside. Volume is well below average, this signals that a move is imminent as price travels closer and closer to its apex. Overall, in my opinion, BTC is probable to respect the .618 Fibonacci level due to oversold indicators. A filling of the GAP may come to fruition sooner than later, very similar to the previous most recent CME futures gap (chart linked). What are your thoughts? Please leave a like and comment, And remember, “The market can stay irrational longer than you can stay solvent.” – John Maynard Keynes **Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
CME:BTC1!Long
by The_Alchemist_Trader_
JSE:AFT Afrimat DistributionIt looks like Afrimat is being distributed. Following the Wyckoff logic, we have likely seen an upthrust of distribution (UTAD), a test to the UTAD and am now looking for the markdown in phase D. The distribution started after a throw over of the overbought line forming a buying climax (BC), automatic reaction (AR), secondary test (ST) in phase A. Some volume of the highs and divergence on the volume RSI gives some indication that this is distribution. Looking for a break of the upward stride to go short.
JSE:AFTShort
by SteynTrade
APHA Bullish Divergence | Double Bottom?Hello traders, Apologies, been under the weather the past few days, but now I’m back! Today’s chart update will be on APHA – APHRIA Inc – Canadian MJ. Which has been in a brutal down trend, but there are signs of a possible reversal… Points to consider, - Trend Bearish - Support at $3.90 Region (double bottom) - Price testing resistance - Stochastics trading in upper region - RSI diverging from price - EMA’s giving price resistance - Volume declining The trend has been putting in consecutive lower highs as it approaching its possible apex zone. The green highlighted zone is the current support level with a possible double bottom, signalling that buyers are strong. Resistance is poised by the trend line, which needs to break to negate the higher low market structure. Stochastics are currently trading in the upper region, can trade in this region for an extended period of time, however lots of stored momentum to the downside. The RSI is currently diverging from price as it puts in higher low whilst the price has put in lower lows, The EMA’s are currently giving price resistance, needs to cross bullish to support price in testing upper resistance levels. Volume is visibly declining; an influx of volume will confirm the direction of the break. Overall, in my opinion, a break is imminent as we have a probable bullish divergence and a double bottom coming to fruition. APHA needs an influx of volume with follow through; this will avoid a possible false break. What are your thoughts? Please leave a like and comment, And remember, “Never let a win go to your head, or a loss to your heart.” – Chuck D.
ALong
by The_Alchemist_Trader_
1
JSE:TBS Tiger Brands Markdown Set to StartTiger Brands has traded in a redistribution trading range (TR) and after breaking the TR it has attempted to break back into the TR but was unable to so. We have now seen signs of weakness (sow) which followed no demand on the increase. The previous attempt to rise with volume (effort) showed little response indicating that sellers are in control. After some consolidation at the smaller TR breakout level, we can see the markdown begin.
JSE:TBSShort
by SteynTrade