Bears Knocked Out: Market Sentiment Shifts as Bulls Cut ProfitGuys, don't get me wrong, but it's like they knock out the bears before going down. The sentiment indicators we're looking at agree with that.
In particular, yesterday, with the rise in quotes, some participants are actively draining call options in-the-money with about 15 trading days ahead. In other words, they just cut the profits and didn't wait.
Take a look at this chart
It shows the balance of bullish and bearish open positions among retail traders, and how it change over time. Two things are clear: 1) there's a correlation between how prices move and the number of traders who are long vs. short, and 2) there are certain levels where the balance tips and the trend reverses (basically, it's like a oscillator indicator).
The red line shows your current position. You'll have to make your own decisions and observations.
Use retail sentiment in your trades - it's a great tool that can help strengthen your strategy and make your trading more efficient.
Bullandbearpower
New Volume Indicator: VolTrendHello everyone! In this article I want to talk about a new volume indicator.
The VolTrend indicator shows bullish and bearish volumes in addition to the total volume data shown by the classic volume indicator. With this indicator you can see not only the total volume, but also bullish (bullish) and bearish (bearish) volumes.
🔶CHART🔶
The white columns in the graph show the total volume.
The green columns on the chart show bullish volume.
The red columns in the chart show the bear volume.
The blue line in the graph shows the average volume of the last candle up to the number value entered in the settings.
🔷TABLE🔷
In the "TOT" column: The "NET" line shows the total volume in net terms. The "%" line shows the percentage by which the total volume of the current candle is more or less than the total volume of the previous candle. If the background is red, the total volume of the current candle is less than the total volume of the previous candle; if the background is green, the total volume of the current candle is more than the total volume of the previous candle.
In the "BULL" column: The "NET" line shows the bull volume in net terms. The "%" line shows how many percent more or less the current candle's bull volume is than the previous candle's bull volume. If the background is red, the current candle's bull volume is less than the previous candle's bull volume; if the background is green, the current candle's bull volume is more than the previous candle's bull volume.
In the "BEAR" column: The "NET" line shows the bear volume in net terms. The "%" line shows how many percent more or less the current candle's bear volume is than the previous candle's bear volume. If the background is red, the current mumu's bear volume is less than the previous mumu's bear volume; if the background is green, the current mumu's bear volume is more than the previous mumu's bear volume.
In short, with this indicator you can clearly see the total volume, bullish and bearish volumes and you can also easily keep track of what percentage the previous total, bullish and bearish volumes have fallen or risen on the current candle.
What do you think about this indicator and would you like me to share it?
Exploring Minor Trends in Trading
Hey traders! Today, we're diving into the fascinating world of minor trends – those subtle shifts in the market that can hold hidden opportunities.
Minor trends are like whispers in the trading landscape, often overshadowed by major trends but with their own significance. They occur within shorter timeframes, making them perfect for agile traders seeking quick moves.
Timing is Everything: Minor trends typically span from a few days to a couple of weeks. They're like brief guest appearances on the trading stage, offering chances to capitalize on short-term fluctuations.
Spotting the Signals: Keep a keen eye on price action, volume, and technical indicators to catch the subtle hints of a minor trend forming. These clues can help you stay ahead of the curve and make informed decisions.
Ride the Ripples: Minor trends can present both bullish and bearish opportunities. Whether it's a minor uptrend offering potential long trades or a minor downtrend for short plays, adaptability is key.
Seize the Moment: While major trends may get the spotlight, minor trends offer quicker rewards. By understanding when and how they occur, you can add a dynamic layer to your trading strategy.
So, traders, embrace the power of minor trends! Sharpen your skills to harness these fleeting yet impactful movements in the market. Remember, success lies in staying nimble and seizing opportunities, no matter how small.
Happy trading!#TradingInsights #MinorTrends #TradingStrategies #StayNimble
CRYPTOCURRENCY MATIC (POLYGON) BOTH SIDE OPPORTUNITY (BUY/SELL) Analysis has been done on 1 hour time frame and the price has approached support zone yet again! It has taken support from the zone 5 times on a bigger timeframe which indicates how strong this zone is for buyers but it must become weak.
This results in a make or break situation, where a small pullback is required after sellers dominance or either a complete breakdown.
It can happen in two ways :-
1. Matic breaks support zone with momentum which eventually results in a breakdown (CASE 1) even in a bear market.
2. It consolidates for a while (moves within a range) after constant selling and then one more downside movement (CASE 2) to reach our target.
Conversely, the last 2 sessions have been exhaused and we can expect a decent pullback as sellers have tried pushing the price below support zone and yet again it recovers due to heavy sell off in the market. Fixed Range Volume Profile does the job perfectly to determine the extent of a pullback however 50-EMA can also create resistance for our upside movement to reach target, therefore trade is risky. But also bear, with the recent news of Polygon partnership with EY(Ernst and Young), it might increase momentum and help us achieve our short term target.
ENTRY POINTS -
For BUY - Breaking 1.070 on 1 hour timeframe with momentum. TARGET - 1.126
For SELL - Breaking 1.035 on 1 hour timeframe with momentum. TARGET - 0.960