Unfi Short Scalp using CVD to confirm the trade - 84.86% profit BINANCE:UNFIUSDT BYBIT:UNFIUSDT COINBASE:UNFIUSD
Educational post on CVD or Cumulative Volume Delta and how I use it to confirm scalps and swing trades
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit in 30 minutes!
Delta only shows us market orders. NB!!!
Bearish CVD: (used in this trade)
Price making LH but CVD making HH. People are aggressively market buying, but highs in price can’t be taken out. Bigger limit order trader has absorbed price
Bullish CVD:
More people market shorting (CVD) but Price forms HL. CVD makes LL.
if price making HL and more people market shorting, then a bigger trader or traders has come in with a limit order and absorbed the market shorts
Both leads to trapped traders and you can expect a decent follow through.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
Cvdd
MORE BULLISH: Ethereum Top & Bottom Price Action Integral BandsAnalog to Bitcoin, the top, mid & bottom price action integral bands (short: PAIBs) can also be defined for Ethereum, which can be used as an indictor for longterm swing trades and/or general market cycle analysis.
Here instead of fitting some curve dependent on time (~ f(t)), we integrate over price action with three custom functionals. Then if those functionals are expanded by +- 5% we get three bands, in blue the top price action integral band, in green the mid price action integral, and in red the bottom price action integral. The bands are calculated in real time, there is no repaint or other manual modification involved. When price reaches the blue band, it is probably time to sell or short. For the bottom band we often have two opportunities to add to spot or leveraged long positions, as these phases are more drawn out. The bottom band has some similarities with the CVDD-model, although it uses completely different data (CVDD uses on-chain tx metrics while here price action data from BLX price index are used), however both models predict the same absolute bottoms. It is easier to implement the PAIBs in TradingView, as on-chain metrics are not as easily available in TV. Lastly the newly added green mid band indicates in which rough market phase we're currently in. Ethereum spent a long time in bearish (or accumulation) regions, and now pushes again near the green band. A flip of the green band would be extremely bullish, with estimated price multipliers up to a potential cycle top higher than in Bitcoin's case.
The current top price indicated by the blue band is roughly $5,200 per ETH.
The current mid band sits at approximately $570 per ETH.
The current bottom band shows a price of around $115 per ETH .
Note: I also added (dashed) estimates for future band development up until the mid of 2022 (by hand), those are not calculated! My personal guess is that ETH will top out somewhere between $10,000 to $20,000 sometime between winter 2021 to summer 2022.
The future looks bullish indeed. Of course this is no financial advice.
Hope you find this helpful! I will talk more about this and other indicators (including updates) in the future.
Have We Actually Hit the Bottom Yet?Have we hit the bottom yet? Weekly 200MA which many people use point towards a double bottom test that we have had, yet other indicators which I believe are more useful in showing accumulation zones show that March's drop to 4k was not actually a second accumulation zone.
You can check out this chart I have uploaded.... ibb.co
CVDD and Balanced Price are really good indicators showing us where the market has bottomed. It does not appear to show a second accumulation bottom which the weekly 200MA does indeed show. Staying in the 4.2-4.5k zone for a short period of time I believe will be the true bottom.
BULLISH: Bitcoin Top & Bottom Price Action Integral BandsHere I present my indictor for longterm swing trades and/or general market cycle analysis of bitcoin: the top & bottom price action integral bands (short: PAIBs)!
Instead of fitting some curve dependent on time (~ f(t)), I integrate over price action with two custom functionals. Then if I expand those functionals by +- 5% I get two bands, in blue the top price action integral band, and in red the bottom price action integral. The bands are calculated in real time, there is no repaint or other manual modification involved. There is always only one (weekly) candle per cycle top which touches (or breaches) the blue top band. This is a strong indicator for a sell or short. For the bottom band we often have two opportunities to add to spot or long positions, as these phases are more drawn out. The bottom band has some similarities with the CVDD-model, although it uses completely different data (CVDD uses on-chain tx metrics while here price action data from BLX price index are used), however both models predict the same bottoms. It is easier to implement the PAIBs in TradingView, as on-chain metrics are not as easily available in TV.
The current top price indicated by the blue band is roughly $63000 per BTC.
The current bottom band shows around $4500 per BTC.
Note: I also added estimates for future band development up until the end of 2021 (by hand), those are not calculated!
The future looks bullish indeed. Of course this is no financial advice.
Hope you find this helpful! I will talk more about this and other indicators (including updates) in the future here on TV and on twitter.
