Chart shows volume profile for Bitcoin from start of 2024. Today, the first rate cut by FOMC, the POC was $67,000 in the morning and flipped down to price after hours. New POC is at $61,000. This means price now has support.
Daily chart of the ratio between %SPX index and BITSTAMP:BTCUSD , bitcoins price. Lines: 3 Moving Averages: 200 day SMA, 50 day SMA and 20 day SMA All 3 MA's intersect on today's candle. If its random, how rare is that? If its not random, what does it mean? Previous cases are marked with a white pointing finger. (tnx to @warrenbuffettdemicasa and 'stocks...
The chart shows the ratio USI:VOLDQ / CBOE:VXN VOLDQ is a measure of NASDAQ breadth in terms of volume. Its the difference between NASDAQ's up and down volume. VXN is the volatility index for the NASDAQ. Bearish case: The ratio is very extended and that historically coincides with significant reversals. Bullish case: If available liquidity is on a tear...
Compare volume bars during the multi week downtrend on the left, with those on the right. In 2022 (left) the volume is increasing as expected during a strong downtrend. We don't see that on the right so something is different. Could be the new ETFs or the economy. It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before...
Long MNST off likely support by POC and AVWAP. Entry: $55.75 Risk options: SL under previous low $54.75: Risk = $1.00 ($55.75 - %54.75) SL under Low Volume Node (LVN) $53.45: Risk = $2.30 Tp at Value Area High $60.42 R:R ratio 1:4.7 or 1:2 ($1 / $4.67 or $2.30 / $4.67) Position Size: 'R' x Account_Size / Risk Where 'R' is the percent of your...
AMEX:EEM is a bearish opportunity it breaks $37.47, (both current support and the prior weeks low). Other support: - AVWAP - Low volatility node (LVN) in the volume profile on the left. Initial targets might include: POC, VAL AMEX:EEM is a good candidate for hedging TVC:DXY , on bottom.
The idea is a position that profits from any difference between the 20yr bond ETF ( NASDAQ:TLT ) and NASDAQ:IEF , the 10yr Note ETF. The potential opportunity lies in their identical share price, a rare event. Yield on the 20yr has never been lower than the yield on the 10yr (since 1989). The top chart shows the difference in price . Always above 0. It...
Left chart NYSE:BABA weekly Right chart NYSE:BABA daily Support at all time POC and AVWAPS. Rejection wick adds confidence. Great R:R for a SL under the wick. TP's: am looking at $93, $103 and $123
NYSE:IFN India Daily 9% dividend Volume Profile : VAH Value Area High not likely to be resistance given the acceleration as price punches it at high volume. Target: top of fork SL: there's a fractal at 15.80 Not advice
DBB weekly . Confluence of: AVWAP support from multiple historic lows. Recent double bottom (TBD) Support going back to 2008. Tested multiple times (inc 2010 and 2022's October lows) Volume Profile LVN consistent with the 2008 support. My trade: SL: the support zone. TP: The VAH ~ around ~$21.16 appears to offer the best expected value (risk...
Analysis Pitchfork. Priced is at the median. Targeting forks top Fibs: extending range to 1.236 Target the confluence at $38.18
For the answer, scroll down to the comment section. Two charts of $IWM weekly TF. One chart is current (as of 2/4/2023). The other is 2008 ,up to 4 candles before the 50% drop. Which one crashed 50%? The conundrum: why do we assess current price action as bullish, when a similar pattern resulted in the GFC in 2008? There are many possible answers, none of...
Chip maker Taiwan Semiconductor Manufacturing Company Ltd. may benefit from ChatGPT. Their scope is international and they manufacture 95% of small chips. Targets: confluence of 2 forks, VAH and fib 0.618 SL idea: $86 is below the intersection of the 2 forks medians and below a 4hr fractal
Growth stocks outperform value stocks most of the time on a weekly chart of $VUG / $VTV, Vanguard's growth and value elf's respectively. Since the start of the 2022 bear market that relationship has reversed and, in August 2022, broke both horizontal support as well as a 14 year long diagonal support. These breakouts are being retested now, in January 2023. The...
An alien trader landed on earth and was given a chart of the combined** US indices (futures). Luckily, and not coincidentally, he knew TA. He had never heard of people like J.Powell and J.Cramer, or places like China, Ukraine and Russia. this is what he saw: Bullish: - Broke out 'above' the main diagonal trend (bullish) - Made a Higher High (bullish) -...
Buy for long-term hold Dividend > 6% Entry: bounce off POC and breakout from descending wedge RRR 1:40 Context: Shorting NAS 100 index while buying quality blue-chips with high dividends for > 3yr hold.
Simultaneous 2W Red Bars for all the above*. SPY is in pink so it stands out (by popular request). This is relatively rare p= 0.028: 11 out of 387 bars since GFC The chart shows the 11 periods with a yellow vertical line. Each asset is shown independently (upper left) as well as a horde (bottom) Since the choice of ETF's was neither complete nor systematic,...
Price and range typically move in opposite directions (you will pay more for a less volatile asset). The bottom chart (Average True Range) looks like a mirror image of the top (Price). For a perfect example I'm appending the same chat but have scrolled back to the COVID drop. The ATR is in a larger downtrend that remains intact. ** It did not break out today....