VAL - Sora Validator TokenThis chart is a creative venture. I did something a little different. I pulled a volume profile for the entire uniswap history of VAL token. I then pulled a FIB range on that revealed VAH and VAL area (value area high, low).
It is creative in the sense that I want to see if the total buying and selling data from the volume profile will be respected in the future with external market conditions. It all plays together but so do the minor details.
So it's a bit predictive in nature but no guarantees, and no fortune telling.
I will make other charts on VAL but for now I will start here.
Goldenpocket
SPY when stars align!as i was helping someone better understand some of these terms, like golden pocket...
actually ill skip it. okay the SPY, everyone's favorite!... (to play 0dtes on) jk, i do it too sometimes.
This is a great example of a "high probability set up" . when you have multiple indicators pointing to the same thing.
we have not 1 not 2 not 3 but 4! indicators all lining up to a single area (when stars align, ahh) and it just so happens to be the area we were aiming for before we started charting. ADD CONVICTION
1. Previous S/R level & high volume area
2. Golden Pocket
3. Unfilled Gap
4. 50 Day Moving average
all lining up to the same key zone, that 402.50 area. im not saying we get there tomorrow or the next day, we could never see it again nothings for sure. but if we do this is a critical level of support. because if it holds, that's still a higher low on the daily and weekly time frame. what am i watching for this week? that 406.15 call it 406 to 407.50 area im watching to see if that holds support, or if we break through it and go down to test that 404.50 area. and if thats broken then im targeting 401.50 to 402.50/403.
Upside targets - almost every dollar is resistance and major major resistance around 417-422. 412 to 413.75 if we can get above that we could see alittle higher in the short term, im leaning slightly bearish to neutral. i want to see how the rest of the bank earnings affect the market this week. okay im tired and had to type this 3 separate times as this started with me showing a friend what the golden pocket was and how to use a basic fib. happy trading this week. cheers
ETHUSD AT GOLDEN RATIOBe aware, ETHUSD is currently at the golden ratio
We are not blind
How Do I Use the Golden Pocket for Trading?
As stated, the golden pocket follows a price reversal. Using the golden pocket increases the likelihood of a good entry point. To use the golden pocket for an asset, information on previous price moves from the charts is the most essential tool.
ALGO SETTING UP TO PUMP?!?!Algo looks bullish. Looking at the chart we can see a few ways how the algo price action might play out. If this breaks out to he upside, I mapped out where I think price will go and where to exit or take profit. (Golden Pocket (Orange Line))
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
AAPL Targets Lower, Be SmartWe are at an interesting zone when it comes to AAPL. It's holding strong above the most relevant pivot low as you'll see in the chart. There is a chance that it can go up fro here so if you would like to long, I would place a stoploss elow the recent wick low. I would also manage my position size so the its a 1% risk on the trade it your stop was to hit.
In the end, when zooming out, I think AAPL will retrace back to the bottom of the channel before pumping higher. There are a few key levels on the way dwn where we can expect a reaction and other trade set ups to play out.
I'm currently long, anticipating a small bounce at these levels, with a 1% stop under the current wick low. Lets see how it all plays out.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
NVDA Bullish Pump Incoming?!NVDA had a huge sell off over the past few weeks and looks like the bulls are ready to take over for a 3% pump to the next resistance. If we manage to blast though the Golden Pocket 3% away, my next target will be 11% away at the next Golden Pocket.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
TRX 8% Drop Likely!When taking a look at the legendary TRX, we can see that it is showing signs of weakness after failing to trade above the recent high 3 times in a rom. If price continues down, I would expect a 8% drop to the golden pocket which lines up with the horizontal support .
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
MANA Looks GOOD ?!!?When taking a look at Decentraland "MANA", it is currently holding a key support level and when price is at support, the most probably outcome is for price action to become bullish and try to go for the next big resistance zone arounf $0.38 then $0.45.
if the momentum continues, 100% gain from these levels are probable. This means price needs to reach $0.60
Let me know in the comments below where you think #MANA will go.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
AMDAMD is currently trading right above the golden pocket and trendline. This confluence is very bullish in my opinion after a massive selloff, in the past few days.
A long here wouldn't be a bad idea IMO but make sure to use proper risk management.
#ManageYourRisk
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really.
Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
AVAX Golden Zone & Trend Break!?1AVAX has retraced to the golden pocket Fibonacci zone and has held the level long enough to break through the downtrend. This in my opinion is bullish and if Bitcoin stays neutral or becomes bullish, AVAX should have a strong move up from this level.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
BTC LONG #3 - SHORT TERMHave another setup here, theres a couple of entry points here, one is here on the button of the golden pocket... there is also a chance that we could see a wick down into the bright green area on h1 chart as this is a value area. So scaled positions could work great here. Targets are up at the m15 sell area in confluence with h1 fibb targets. will update in the comments.
AAVE Looks Very Bullish!There's not much room/time left for AAVE to consolidate. AAVE has been making lower highs but holding support at the lows as well.
After the next potential selloff to the golden pocket or the range lows, I would expect AAVE to make a very big move once the downtrend line is broken decidedly and the price consolidates above.
BULLISH ONCE TRENDLINE BREAKS!
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
The Real Golden Pocket is 1.15 T Total Market full chart 100% zoomed out Fib from low to high = Golden Pocket 618 at 1.15 Trillion.
Guess where we just rejected from? hmmm....
COCOSUSDT_Possible Repeat based on Total marketHistory repeats itself.
If the Total (Cryptocap) goes down from 1.15Trillion into the lower range,
then i see this scenario being possible.
Make sure to watch the total market for "confirmation". Don't just fomo in.
The volume profile reveals where the most buying and selling has occurred, the VAH (value area high), the VAL (value area low) and the white line POC (point of control). Notice the 618 fib Golden Pocket area. We tend to range in the boxes above. I simply used the copy candle feature and pasted the history over the unknown future. Lets see what happens. This is no fortune telling. Its only TA (technical analysis). Paper trade only for play.
Double Top Pattern on Golden Pocket I would like to draw your attention to an intriguing technical pattern that has formed on the charts: the Double Top Pattern on the Golden Pocket. This pattern combines the classic Double Top formation with Fibonacci retracement levels of 0.618 and 0.65, creating a potentially significant trading opportunity.
A double top pattern is a bearish reversal pattern that occurs after an uptrend. It consists of two price peaks that reach a similar level, separated by a valley known as the neckline. The double top pattern suggests a weakening of the bullish momentum, indicating a potential trend reversal to the downside.
Now, let's incorporate the Golden Pocket concept into this pattern. The Golden Pocket refers to Fibonacci retracement levels of 0.618 and 0.65, which are significant areas where price retracements often find support or resistance. When a double top pattern coincides with these Fibonacci levels, it adds an extra layer of confluence and increases the pattern's potential significance.
The combination of the double top formation and the Golden Pocket suggests that the market may experience increased selling pressure around these levels. Traders could consider this as a potential opportunity to enter short positions, anticipating a downward move in price.
To take advantage of this setup, here's a suggested trading plan:
1. Identify the double top formation with clear swing highs and the neckline.
2. Confirm the presence of the Fibonacci retracement levels of 0.618 and 0.65 coinciding with the double top.
3. Wait for a bearish confirmation signal, such as a close below the neckline or a breakdown of a significant support level.
4. Place a stop loss above the second peak of the double top to manage risk.
5. Set a profit target based on your risk-reward ratio or previous support levels.
Remember, as with any trading strategy, it is essential to conduct proper risk management, use appropriate position sizing, and consider other technical and fundamental factors that may affect the market.
Keep a close eye on price action and be ready to adapt your strategy based on market developments. Trading involves risk, and it's crucial to stay disciplined and adhere to your trading plan.
Wishing you successful trading,
Sailortrades
SWEPT GOLDEN POCKET, BULL DIV ON 4H, BREAKOUT TOWARD 32K I am long on this sweep that formed a 4H bull div, and pixel tapped the golden pocket.
Would like to shave a bit of profit at my $30.5k level, reload some more on one of the higher lows, then hold the position to $32k and possibly reduce, then add again on a higher low before we rip above $32k.
If my strategy here fails the next level I will be watching to go long is the HKEX:28 ,750 level and the HKEX:28 ,250 level.
One thing for certain, is once we're trending to break that $32k level, I really want to be long as it looks like all air until $37k.
ES1! Fibonacci LevelsES1! Fibonacci Levels on 6wk horizon. Confluence observed with PA in sustained level between Key SMAS 20, 200. Confluence observed with 0.618 and 0.5 with areas of fair value. Reliability of measure supported using linear regression with pearsons r of 0.97554. A bear flag would be confirmed with breach of sigma 2 :3888.50 and KLs 3973.75, 3515.50 (and rediscovery of September 2022 and October 2020 prices). > 4165.75: 4319.25, 4509 (sigma 1 level confluent with fib 0.236); Where RSI of 54.43 x upward slope supports risk on auction // Price at time of study 4140.25// Upcoming earnings will be factored in alongside economic events, breadth, and treasury market volatility// Bias: Neutral to risk on
2010: SABIC (Golden Pocket Retracement, HL Formation)Watch for 2010, Formation of HH (HL formation in progress)
Support from trendline (Falling Wedge Top)
Support from Golden Pocket
First Green candle on Heikin Ashi (HL formation in progress)
Expected rebounce from fib retracements (91.3, 90.1)
AB=CD Target
BTC thoughts & summary (wedge formation & golden pocket)Hi everyone,
Clean wedge formation & looking for the 3rd drive into supply printing the local top and a reversal candle into next week down to $23,800 with a capitulation wick into the golden pocket .618 fib around $23,350 where buyers step in for a short squeeze.
SPX Quarters and Moon CyclesSPX in a rising wedge, same as BTC could see a rally to the top of the wedge and breakdown on the new moon/Vernal Equinox. Typically we see a local bottom/rally on the first new moons of the new quarter. The measured move of a breakdown of the rising wedge brings the SPX into the golden pocket retracement level which could get hit on the full moon of April 6th marking a local bottom.
ETHUSD - Golden pocket reachedThe bulls tried several times to break the strong resistance level of $1700 but failed to do so. However, it has now retraced to the golden pocket area, presenting a favorable long opportunity with the potential to surpass the $1700 resistance leve this time. If successful, the next target level could be the psychological mark of $2000.
The bullish bias for ETH remains intact as long as it continues to trade above the support level of $1500. It is recommended to monitor the price action over the coming days to determine whether it can break through the $1700 resistance level and continue its upward trend.
ETHUSDT - Liquidity zone reached, ready for higher?ETH has faced significant resistance at the key level of $1700, marked by the June 2021 low. Despite repeated attempts we failed to break through this level, leading to a swing failure at the November 2022 high.
This failure has resulted in a retracement to the liquidity zone at $1500 (Key Level), which is also the median line of the channel. Additionally, there is the 200-day MA acting as support at $1440. This retracement has had a significant impact on traders who had entered long positions from January 14th, as many of them may have been forced to exit or are now underwater.
To regain momentum and target for higher prices, it is essential to reclaim the previous low and establish it as our new level of support. Volume will play a crucial role in determining the next move.
As long as ETH remains above $1500 a bullish bias should be maintained. The 200-day MA at $1440 acts as an additional layer of support.
