ETHUSD Volume Analysis Prediction 2/6/2018ETHUSD shows the same pictures as BTCUSD.
A new balance is being formed (570-760). But market is still bear, we do not exclude another wave of falling.
For mid-term reverse ETH need to accumulate large volume and break up the balance.
For now you can open buy positions only from a good supports level and with a short-term targets and only intraday.
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.
Balance
BTC 3848 consolidation on target BTC's 3848 two-week consolidations on target. Actually a tiny bit bullish, just a little.
Short and sweet, take it with a grain of salt.
~Ji
This is not advice.
I don't need to be right or wrong.
I don't care if the market goes up or down.
Make your Own analysis and trade off of that.
If you have positive, constructive criticism and wish to share Please do.
Agreeing or Disagreeing is not personal and is welcomed in a positive way.
This is not a therapy outlet for negativity. Go join MMA.
Happy trading everyone.
DATA VIEW: US BUDGET BALANCE UPDATEUS Budget Balance has restored to its normal levels, last seen back in 2004 and right before the financial crisis fallout - in 2008.
...
The balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition, government tax revenues fell sharply (as most corporations failed to show profit, thus to pay corporate taxes).
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore...
DATA VIEW (NOT A FORECAST): INSIDE US TRADE BALANCELooking at the Export and Import data of the last several years we can assume that the US is currently changing its course from consumption oriented to export oriented economy. The change will not be overnight and may take up to several decades, but eventually we can see the US trade deficit gradually erased!
On the export side, we can see that US has restored its sales to other countries far beyond the peak of 2008. Moreover, Exports continue to grow within an ascending channel. It is only recently that the readings fell out of the channel, mostly due to the impact of US dollar appreciation.
On the import side, US has restored its consumption back to the 2008 levels, however did not expand beyond it significantly. Exports trend laterally since about 2011 after reaching 2008 peal level!
DATA VIEW (NOT A FORECAST): US TRADE BALANCE PARADIGM SHIFTBack before the 2008-2009 financial meltdown, the US trade deficit was continually ascending, as the country was consuming more and more imported goods. It was a natural course of events, since the States was widely known as world’s leading consumer.
After the crisis, however, the situation changed dramatically. Following a sharp correction, US trade deficit has stabilized between 40 and 50 billion US dollars and has never restored to its peak of 70 billion.
DATA VIEW (NOT A FORECAST): US BUDGET BALANCE IMPROVING US budget balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition, government tax revenues fell sharply (as most corporations failed to show profit, thus to pay corporate taxes).
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore.
The chart above is updated once a year, however in order to see that the positive trend is still intact, one can calculate current year-to-year budget deficit by visiting the US Treasury website: www.fiscal.treasury.gov
GBP/USD Analysis 01.05.2013Background:
Price found enough demand to halt its current downmove @1.46300 where the current minor rally
broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near
the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak
for returning strenght to the market , if we break the (green) demandline we may head down to at least 1.50280
which is the 50% retracement level of the current rally, any buying occuring at that level can bee seen as a further
sign of strenght , however if we fail to hold this level we head back to the support @1.4630 and any rejection at this
level can be seen as strenght yet again , however we may form a trading range between res.1.55520 and sup.
1.4630 for the time beeing .
Signs of Strenght:
Downmove came to an halt
Broken Supplyline
Signs of Weakness:
Price failed to take out the actual high
Key Levels above current price:
1.5520
1.5870
Key Levels below current price:
1.5028
1.4630
sidenote:
A downmove can only last for so long till their is a change in demand, and the balance of supply and demand
changes in the favour of demand , ie. the buyers are at least heads up with the sellers and stop price from going any
lower , if price then is in equibilirium ie., going sideways most traders agree on the same price "fair value"
value = price over time , this balance(cause) aswell only goes on so long till there is a change in demand and supply
and we have an imbalance(effect) and a new trend establishes till we find balance again..
OBV Triangle and it's price equivalentI drew a triangle based on OBV's 50 hour moving average (orange),
and mirrored the triangle on price.
Red and green areas are 80/20 % overbought / oversold zones.
At this moment we are in the overbought zone so you can try a short here.
I expect a big move of ca. 50% after price breaks out of the triangle.
Targets:
Upside: 333-375
Downside: 130-90
Cheers : ]
-- PS: Here is the pine script code for the OBV indicator with moving averages: pastebin.com