#BCH Volume Analysis Prediction 9/03/2018Hi, friends.
The price is in the balance with the range 604-660.
As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend.
If this balance goes up, with a high probability the price will breakout 700. First target - 710.8.
If this balance goes down the price will fall to the support levels 575. This level is very important - it's key point.
The way the price will behave at this level, will show us whether the price will continue to rise or fall.
If the reaction is weak, without volume, the price will fall to 530.
If there will be a large volume or/and the initiative of buyers, in this case we can try to buy after a little pullback, but not to sell from the outside border of the balance.
Remember - trading is a game of probabilities.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
Auction
#ETH Volume Analysis Prediction 8/08/2018On the chart Ethereum looks weaker than Bitcoin. ETH reached level 358 and it’s minimum of 2018 (BTC is still above its minimum year). Numerous elements had contributed to that situation. First of all – wide balance (indicated on chart, range 400-482) goes down. Down impulse started, so we in priority of sales for now. Second – before the breakdown, we saw the formation of mini balance in the form of a descending triangle. It’s often inicates an impending break down.
What to do now and where to expect the bottom? Now we are seeing the stoppage of price movement after the first fixing. But bull reaction is too weak so with a high probability the market will continue to fall. If the minimum of 2018 will be break down, next strong support level – 300. This price is not attractive for ETH miners, so buyers need to take the initiative into their own hands.
Trade recommendations:
Ticker: ETHUSD
Exchange: Bitfinex
Short-term signal: Short (margin account only)
Entry price: 400-409 (conservative), 380 (aggressive)
Take profit 1: 380.5
Take profit 2: 360
Take profit 3: 301
Stop loss: 415 (conservative), 387 (aggressive)
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
US Marshal's Auction StudyA comparison of the similarities of the US Marshal's Auction in 2014 to the upcoming one.
EURUSD - buy opportunity after false break downHi, friends.
Last week we saw a false break down on EURUSD.
So, now we must waiting for a correction to the lower balance level (1.2200-1.2215) to open buy position.
Or you can buy right here. But in this case your risk-reward ratio will get worse, because stop loss must be below the false break down.
After a false breakdown of balance, the price usually goes to the opposite level. That means our target is 1.2500-1.2520.
LSK/BTC Volume Analysis Prediction 2/19/2018Hi, friends.
Our last idea on Lisk was - buy after breaks out of balance 2. But this balance goes down, so now we have a down trend.
What next?
We have to wait until the price will rebound from the support zone. If we will see the necessary market conditions (large volume + rebound or large volume + pattern price action) on this support zone, then we can go in the market.
Trade recommedation:
Entry point: Buy in range 2400-2500 (under the right market conditions)
Stop: 2320
Target1: 2920
Target2: 3130
Target3: 3340
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
EURUSD - balance range (1.2218-1.2295)EURUSD is in balance (consolidation) now with a range levels 1.2218-1.2295. In Friday we saw a false break down of this balance.
What to do now?
There are 3 options in this case:
p 1. Trade after consolidation will be break up.
If the price breaks out level 1.2295 and holds above, we must wait for a correction to upper balance level and than buy.
p 2. Trade after consolidation will be break down.
If the price breaks out level 1.2218 and holds below, we must wait for a correction to lower balance level and than sell.
But you must remember - if false break out/down happens and the price will return back into the balance you need to close position immediately.
p 3. Trade inside the balance from the lower balance level (it's not recommended to trade against a false break out/down). In this case you need to put stop below the false break down.
EURUSD in balanceAfter fix volume we have a balance (wide range, consolidation). Better way to trade in balance - from one side to another, and best of all in the direction of the previous trend.
So, for now on EURUSD it's better to wait price on good supports level at the bottom of the balance.
BTCUSD - new balance (accumulation)It's seems new balance is being formed on 2h-4h interval. Intraday (m15) we have an up trend for now.
For new mid-term up trend (impulse phase) we need to break out 12800-13000 zone.
It's very important not to fall below 11500.
Situation on BTCUSD, need to waitHi.
To continue growth we need to break out 11700-11800.
If the price breaks down 10 000, it will be a sign of weakness - high probability of falling.
Now it's better to be out of position on BTC.
Es for 21-22 Dec 2017, Volume analysisFor purchase
— impulse in 1 week, 1 day
— no additional sellers volumes in tue and Wed
— Wed was closed without sellers pressure
— 2681 - as a support + POC of WED and Tue is down
Complicates purchase
— restraining volumes on historical high 2696
— in 15 minutes 2672 was not repositioned up
— weekly POC is under resistance of this week 2696
Conclusion: 2680 - support on Wednesday without moving Weekly Poc down. Overnight volumes are empty + closing near 2681. But 1 week +1 day - impulse up, so on no additional sellings yestarday inside intraday trading market gets again under higher timeframe influence. To keep growth need to move weekly POC down on 2684 ( Tue and Wed volume core)
Task of the Thursday: fix 2684 as a support ( better with moving there weeklly POC) + realization after fixing the 2681 as a support to 2693 - 2697
Positive scenario: 2684 - fixed as a support and keep growing to 2697 - no reaction lower 2693 - may achieve 2704
Negative scenario: achieving 2693 early - sellings to 2484 and all day volatility in that range
Cancel purchase: big sellers presssure under 2693 - so market can't hold 2684 as a support - the next level will be 2677-2672
Key: check how market reacts on 2693 and what scenario will go further
buy aggressive 2684 buy conservatively 2693 take profit 2693-2697-2704 reversal priority 2681
2.Auction Bidirectional Trade IdeaWait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction.
I provided a couple targets for both directions.
Small green arrows are 1.618 extensions of the big green arrows.
They nicely land into existing key support/resistance levels.
I prefer the upside as it would be a good point (in the context of the 2. auction) to break the long-term resistance diagonal (blue dashed line) and go into a new uptrend with new highs above 1k :]
Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 4Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done.
The congestion range is mainly between 582 to 621.
My opinion is:
(1) technically the chances of seeing 550 is unfortunately slimming down BUT we might still be able to drop to 550 around June 26-27 and quickly rebounce upwards.
(2) BUT another scenario (not pictured in the above chart and which is also VERY LIKELY to happen) would be not to see 550 and the market just moves UP PAST 621 to 635 after rumors of the last price paid for the auction are LEAKED and you have to expect for sure that the price will be ABOVE the CURRENT MARKET PRICE. There are a lot of big players bidding on those coins and this is a very bullish sign that newbie traders do not see since they trade with their emotions. Given that China has been bullish more than other regions would point to that scenario to be most likely to happen. Also the fact that the Silk Road news is on the news more and more will bring more new investors in the next few days and weeks which will fuel the next rally.
