Been working on a new trading strategy that involves using the volume profile of each security/forex pairs to exploit the market by only entering and exiting trades in unfair market price areas (low volume nodes) to create profit without having to fight in high volume node area which are general areas of consolidation. Would love to get your thoughts
Examining the volume profile of bitcoin and comparing it with the previous two cycles shows several issues: 1. Price of control has not been the level of bitcoin support but has created an area around which bitcoin fluctuates (Suppoer area range- accumulation area) 2- Fluctuation around the POC has continued for at least a few weeks 3- VAL 50% has acted as a...
My chart idea illustrates a confluence of fundamental and technical analysis which leads me to believe a long trade in the Lumber futures market may getting close. On the fundamental side: - We have seen Commercial buyers become net long for a whole month, last time this happened was mid 2020 and this then led to a ~130% price rise over 2 months when the price...
I'm planning to long BTC because as you can see it has an unmitigated order block above with confluence by a harmonic gartley pattern.
Price s now facing some strong supply zones, we expect price to rebound and continue falling to 1.6000
On the Binance BTCUSDT spot market, a volume profile with a 1 USDT resolution on the current daily rotation shows a POC (Point of Control) around 30185 USDT. With some noise, the daily candles in this current accumulation zone have been playing with the current VAL and VAH as support and resistance. Over the past several days, the current POC has behaved as it...
we wait and looking for breaking the strong wall resistance and reach the rejection area we expected to be bearish as shown on the chart
after good bounce back reaction we have good chance to hunt the next reaction by HVN resistance level + the k level as shown on the chart you can mange the trade by tow targets with good R R R your S L the next low volume area as shown on the chart wish you happy trade
Well…Bitcoin is for four days below the accumulation structure. Yes, till some days ago it was an accumulation structure. On-chain metrics confirmed that. As a reminder: Most whales whose sold their Bitcoins during the distribution between March and May 2021 didn’t buy them back at the bottoms. The bull market between July and November, yes, was a bull trap. ...
MANA broke two crucial supports: the first at $1.68 & the second at $1.50. Between $1.50 and $1.07 there is not some significant support to stop the price from a possible fall. The next important supports is at $1.08 and the liquidity zone between $1.07 – 0.92. Resistance at $1.68 has tested a few days ago…so the likelihood of a return to this level is low, not...
LINK broke $10 important support in relatively high volume. Entire crypto market is in panic, a beautiful indication that we are approaching the bottom. • To begin the uptrend LINK needs to regain, in a short period of time, $10 level. • I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as...
BTCUSDT long term overview. Confluences: Show of weakness w/ Chaikin Oscillator, divergence from ATH in Awesome Oscillator and show of continuation tendence w/ Fisher Transform. Weekly condition is bearish. Head and Shoulder target in daily timeframe: pullback to neckline accomplished, TP1; Fibonacci Retracement from bear flag target is TP2. Chaikin Oscillator is...
As you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down. ENTRY position @ Breakout with strong momentum...
we expect more bearish momentum also following the trend line as resistance with hot K level as shown on the chart
Pound Dollar, one more move is needed... news are not well, the big demand area (1.29-1.29600) need to be reached...
Price is at the end of the distribution phase, the selling volume increase, and the warehouse is almost empty. It took enough time that could fall the price to 160.500...