SOLUSDT. Intraday tradeIf the price returns to 197.95 now and if the seller defends this level, then we can look for a short with a target of 178.55."
Advancedvsa
NQ. Short or LongIf liquidity is not removed at the level 18172 before the NY session, and shorting does not occur, then was liquidity left there to go long?
BTCUSDT. Waiting for buyer action Highlights
Preference (buy/sell) - neutral
There's no context for buys at the moment. Looking for sales in a daily uptrend without having a downtrend on the hourly TF is aggressive.
Description
Daily TF
The daily trend is bullish, with the last buyer impulse from 14.10.23 to 05.12.23. Buyers started a renewal from the level of 40222 on decreasing volumes, and now the price is returning to this level. We await the price at 40222 and observe the buyer's reaction. Slightly below this level is the discount zone of the bullish impulse (upper edge ~ 39640). In case the buyer defends the 40222 level, the priority is to look for buys aiming for 43475. If the 40222 level isn't defended by buyers, there's a high chance of price decrease towards the buying zone with the upper boundary at 37649.
Hourly TF
On the hourly TF, there was a range with the lower boundary at 42821, from which the price broke downwards. There was an attempt by buyers to bring the price back into the range; however, the seller defended the breakout without initiating a downtrend yet. Buys can be considered upon the price's return to the range. If the seller triggers a downtrend (defending the break of 40222), sells can be considered with the target being a retest of the local minimum formed upon the breakout.
BTCUSDT. Waiting for the local high to be updated. Highlights
Waiting for the price to interact with the upper boundary of the sideways range at 37980.
Preference (buying/selling) - neutral.
Description
On the hourly timeframe, a sideways movement has been observed since November 9th. The upper boundary of the sideways range is at 37980. Judging by the wicks of yesterday's hourly candles (see chart), buyers are pushing the prices beyond the sideways range. Buying at the top of the range is not systematic. But if you really want to trade, you can aggressively look for buys when buyers defend the wicks of yesterday's hourly candles. (if the price returns there before breaking out of the sideways range).
31812, 36677 - boundaries on the five-minute timeframe
37302 - boundary on the one-minute timeframe.
BTCUSDT. Waiting for actions from buyers and sellers.Highlights
The previous scenario played out.
Awaiting actions from buyers and sellers.
Preference (buying/selling) - neutral.
Description
On the daily chart, buyers resumed from the discount zone (bottom 50%) of the last daily impulse and absorbed the seller's candle on increased volume, forming a buyer's zone (blue color, upper edge of the daily buyer zone 37337.57). This scenario was described here
On the hourly chart, the price is at the upper boundary of the range, but considering the daily context, selling immediately is risky. It is necessary to assess the actions of the seller and the buyer. If the seller breaks the level of 37337.57 and defends it, you can look for sales with the first target at 36744 (upper edge of the daily buyer zone), the second target is 36000. Conservatively look for buys if the buyer breaks the upper boundary of the range (37972.24) and defends this breakout.
BTCUSDT. Long positions are a priorityHighlights
Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526.
Description
On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower boundary of the sideways range is below 50% of the last daily impulse. It's interesting to see the price there and look for purchases if the buyer defends the lower boundary of the range (35600), aiming for the upper boundary of the range (37526). Long positions can also be considered from current levels if the seller doesn't protect the candle at 21:00 (exchange time) and the buyer engulfs it.
BTCUSDT. Short and medium term analysisHi traders!
You can consider buying if the buyer protects
the hourly level of 35086.57,
the daily levels of 33390.95 and 31804.2 (associated with exiting the sideways market)
and the medium-term support level for the long-term trend at 24800.
As for selling, there is currently no context.
Take note of the 10D timeframe. After breaking out of the sideways market that lasted from January 2021 to May 2022 and initiating a short-term trend (with two waves), the price returned to the sideways range (with the lower boundary at 26700). If the buyer defends the last closed candle, then technically, the path is open to 40000, 48000, and 59000.
S&P 500 Index. Is it time to short?On the weekly chart, there was a sideways movement from May 2022 to June 2023. It had a breakout with an upward trend (two impulses). The price returned to this sideways range six weeks ago. For the past four weeks, it has been hovering near the upper boundary of the sideways range, unable to close any weekly candles above it. There's a high probability that the price will test the lower boundary of the range at 3636. I made this note a week ago; it's time to update the forecast.
On the weekly chart, there are two seller candles on increased volume, which created a seller interest zone with the lower boundary at 4204.3. The most recent weekly candle closed within the historical weekly buyer interest zone with the upper boundary at 4141.8 (historical zones typically don't result in strong reversals). It is possible that the buyer will return from the zone and test the current seller’s zone with the lower border of 4204.3.
On the daily chart, the price broke below the lower boundary of the daily sideways range with increased volume. The lower boundary of the daily sideways range coincides with the lower boundary of the current seller interest zone on the weekly timeframe (4204.3), which the buyers haven't yet tested on the daily timeframe.
Pay attention to how the sellers closed the daily candle on October 26, 2023. They approached the historical buyer zone and waited for a buyer resurgence. On October 27, 2023, buyers attempted to make a comeback (as seen in the wick of the candle) from this historical weekly zone. However, sellers effortlessly prevailed over buyers on falling volume.
There was no buyer at the lower boundary of the daily sideways range, and currently, there is still no buyer.
Sales can be sought from the current seller's zone, including protection by the buyer at the level of 4204.3 or from the candle on 26.10.23. The target is 3696.2. The first obstacle for the short position might be the 50% of the latest weekly momentum.
As for buying, there's no context for it at the moment.
Good luck with your trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
MSFT. Forecast especially for my beloved brotherEspecially for my beloved brother, who likes Microsoft (MSFT) stocks.
On the weekly chart, we have a sideways pattern. The price has played out vector 10-11 and is currently forming a bearish vector 11-12 within the sideways range.
The daily chart also shows a sideways pattern. The bearish vector 9-10 has been technically played out. However, a significant selling zone has formed almost throughout the sideways range, triggered by the candle on 25.10.23, which incidentally had the highest trading volume in the last 3 months. The zone was tested by the candle on 27.10.23, The seller resumed from the zone, as indicated by the candle's wick.
The most likely scenario is for the price to break out of the daily sideways range to the downside (lower boundary at 324.39), protect this breakout, and play out the bearish vector of the weekly sideways pattern.
Targets for short positions:
309.5 - the lower boundary of the weekly sideways pattern.
295 - the extremum pierced by the candle on April 24, 2023.
275 - the buyer's zone at the lower boundary of the monthly sideways pattern.
If a buyer emerges at the lower boundary of the weekly sideways range, targets 2 and 3 may become irrelevant.
Good luck with your trading!
Disclaimer:
This case study is for educational purposes only and does not constitute investment advice or recommendations.
The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
