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Frvp

Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
Short
by YavuzAkbay
Gold Support Level on Weekly TimeframeGold started to correct after a small bull run. We can determine how long this correction will last using both the indicator and the price action method. Looking at the moving average, the $1786 level is a clear support. When we apply the Fibonacci correction to the distance he ran, the 0.5 region appears to be $ 1780 in the same way. And finally, when we pulled FRVP since 2021, we clearly see that around $ 1780 is support. So this level is a buying opportunity for me.
FX_IDC:XAUUSD
by YavuzAkbay
🔥🚩POINT OF CONTROL: THE MOST USEFUL TOOL FOR TREND TRADER🔥 Hi friends! Point of control is a part of volume profile indicator and very useful tool to identify upcoming BTC or any other asset move. I will explain you how to use this tool in your trading and make a good profit in this idea. 💹 Horizontal Volume Indicator or Volume Profile is a simple indicator that helps to identify: value areas (support or resistance zones), points of control and liquidity gaps. 📊 HOW TO USE POINT OF CONTROL Point of control (red line on the chart) is the place of the largest accumulation of liquidity. We can say that this is the place of "the biggest battle between bulls and bears": 🔥the point of control becomes a resistance in case of "bears' victory" and crypto start to fall 🔥the point of control becomes a support in case of "bulls' victory and crypto start to grow 🚩 When one of the sides wins the "battle", this is the best time to enter the trade in short or long. ✅ No matter how complicated this tool looks, it is very easy to use: 1. extend the volume profile indicator from the lows to the highs. The indicator automatically shows the largest accumulation of liquidity showing POC (red line). 2. wait until the price tests the POC as support or resistance . From time to time the price can consolidate directly on the POC, which indicates the "battle" of long and short traders. Pay attention to the chart. I have selected for you 4 cases of using POC on the volume profile: 1. Bitcoin just touched the POC at $39,700 and bounced up 72%. 2. the price tested the POC as resistance at $61,100 after which the price fell by 45% from the absolute highs. 3. Bitcoin consolidated around the POC at $39,000 for some time. The price fell by 31%. 4. POC is at the price of $19,150 per Bitcoin. Now you have to expect the price to return to this level and carefully watch the price reaction on POC. 🔥If the POC is tested as resistance , then it is very likely that we will see the level of $13,000-14,000 for BTC. 🔥If the POC is tested successfully as support , then the price will be able to make higher highs and start a bullish trend for Bitcoin. I talked about this scenario in previous ideas. 🚩 HOW TO ADD VOLUME PROFILE INDICATOR WITH POC TO YOUR CHART? 3 steps to add the indicator to your chart: 1. open "prediction and measurement tools" at the left part of chart 2. choose the "Fixed Range Volume Profile" 3. choose the price range from some date till another date. So now you can see all important value areas and point of control. ✅ Point of control help you to identify the power of bulls or bears on different timeframes and make the right trading decision in the most of cases. Personally, I use this tool effectively for swing trading and scalping as well. Traders, do use this indicator and such tools as POC in your trading? What is your favorite idicator for trading? Let me know in the comments. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
7
Update to H4 BTC Short using MetaWorld Crypto Advanced RSI Although I exited the trade (fear, was uncomfortable with potential reversal of bearish momentum, see linked Idea), setup is proving valid as the price continues to move downwards with wicks reaching down the 9/21-10/19/22 Fixed Range Volume Profile. Note how the Advanced RSI indicator provided Advanced Oversold DOTS multiple times(see 10/18/22 11:00am) when the price wicked down to the FRVP support level. These would have been great signals to take profit. 2.26% x 5X leverage = 11.3%. Not bad.
by metadimensional
XRP - Trading Ranges This week XRP has started to lead the way in the altcoin market. We've spend months at 30 cent price area. This is an price area at which XRP price historically spend most of the time, so it presents a good historical support. Just like with my last idea on BCH trading ranges, it goes the same for XRP. We have started to poke through red trading range and are testing next one. FRVP (Fixed Range Volume Profile- blue bars on the left) indicator suggests that we are testing second strongest resistance level range that is from around $0.50 - $0.68 (yellow). I am positive that we will go there, maybe even run through it to the 3rd level and than fall back to the 2nd one to range and slowly move up again with an increasing speed. It is a speculation so it is impossible to really know. I also expect that the level 6 if not before, can turn us back down a bit before continuation upwards. In my eyes we cold still fall from 6th range to the 3rd one that held us for 4 months before the start of last capitulation in April. Given on how delaveraged altcoin market got, coupled with how XRP has moved up in the past after setting a clear bottom, it is also a possibility that we just explode upwards, should the short squeeze happen both with fiat pairs (XRP-USD) and btc pairs (XRP-BTC). I am not a financial advisor so non of this should be taken as a financial advise.
Long
by AVA37
1