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Highvolumenode

TSLA Short / Put Options Recap Volume Profile Strategy SHORTTSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray fundamental related news, TSLA was watched for a short entry in consideration of the antics of its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China and China's recession I opted to look for a short entry. Analysis, trade entry and trade management and trade close are on the chart in a text box. This idea and recap of TSLA short shows the utility of volume profile analysis in making a very profitable short trade on TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also makes possible very profitable options trades with near-term expirations to optimize the value of thorough analysis before the trade combined with a tight entry and good follow through to make for high profit with less risk. Using TVs alerts and notifications this trade was managed with little screen time making for a high profit yield per hour of effort. Rinse and repeat as they say.....
NASDAQ:TSLALong
by AwesomeAvani
1
BTC USDBitcoin (BTC/USD) has witnessed a substantial influx of bullish momentum, resulting in healthy price movements. However, it's crucial to consider the technical perspective. We're approaching a critical juncture, as we venture into the territory where the most significant selling activity transpired during the previous all-time high to low trading zone. Trading against these formidable sellers is akin to driving straight into a hurricane while hoping for a favorable outcome. Given this challenging terrain, we've decided to exercise caution. We're refraining from opening new swing trades and are instead focusing on reaping profits from our previous month's purchases. Our strategy is to patiently await a potential bullish retracement into previous high-volume areas, allowing us to acquire positions at a more favorable price point. This is our current game plan, and we're eager to see how the market will unfold. Stay tuned as we navigate these volatile waters.
COINBASE:BTCUSDLong
by themarketknight
BTC update! What's next???These past few weeks has been really bearish! The C&H pattern did not hold, and we broke down (see previous post). This break down started a very steep decline in price. In the chart above we can see BTC dropped almost 53% towards 3800 ~ 3900 USD. It broke right through the 100 and 200 weekly MA. There BTC got a lot of support from a high volume node, before bouncing back above the large yellow trendline. Currently, BTC is hanging at the 200 weekly MA combined with the 0.786 FIB level. BTC never closed below the 200 weekly MA. If it does close below, we could be in for a far bigger decline than we experience the last few weeks. The coming hours are very important! A close above would confirm the strong support at the 200 weekly MA, and probably result in a longer consolidation/sideway movement. The CHOP index needs to recover and prepare for a next big move. If this happens, we need to keep an eye on the smaller timeframes, because all smaller timeframes are in a downtrend as well. Changes start from the inside out. Uptrend on the smaller timeframes will translate in an uptrend in the larger timeframe. Until we close the weekly chart, I wouldn't recommend taking any long or short position. We need a confirmation first! If we consolidate, look for an upward or downward channel to trade. If we close below, I'll short from 5000 USD with a price target of 3900 USD (high volume node support). Stay safe and focus on price. Don't let news headline blur your view!
BITSTAMP:BTCUSD
by JerKad
Silver Trading Within A High Volume Node It would appear as if the silver price is being controlled, imagine that... You can see that it's clearly trading within the high volume node to the right more or less. The RSI is also controlled within that range so watch for the RSI to to break range for a true trend change. Watch out for a break above $18.80 or below $16.60 and then of course wait for confirmation before entering. Please give a like/ Follow me, and checkout my other charts. This is not trading advice.
TVC:SILVER
by ChartProphet
BTCUSD H4/D1 charts (3/5/2019)Good morning, traders. The bullish divergence I mentioned yesterday is playing out nicely today as price has made a good $100+ move up this morning with the daily candle currently engulfing the previous four days' candles and sitting above the daily pivot and 21 EMA. This has many of the smaller TFs overbought at this time with the H4 RSI not quite there yet, so we may see a bit of a pullback before further advancement. Daily RSI bounced off the horizontal support I mentioned yesterday and the H1 and H4 RSIs pushed through their respective diagonal resistances. Price is now sitting above the diagonal S/R line and the H4 and D1 HVNs. I am watching for a close above the February 28th swing high at $3897.62 to suggest further upward momentum. The February 27th swing low at $3658.19 is the level at which a close below suggests further downward momentum. While everyone else seems to be screaming that the sky is falling, the D1 chart shows us that nothing unexpected has happened since February 18th. Price closed above the descending channel's resistance and then pushed up into the overhead supply. At that point, it was rejected and price then tested the descending channel's resistance as support (which also happens to be the same level as the HVN). Price is now pushing back up out of that HVN after successfully testing resistance as support, and the next move up should have price targeting the next higher supply zone between $4349 and $4635. As always, I look for price to initially end up around the zone's EQ which, in this case, is $4480/$4485. However, before that, I am currently expecting price to tap the R1 pivot/descending ATH S/R line, pull back slightly, and then push through toward that target. It is possible that we see price continue past that target without stopping if enough interest is generated in the push through the ATH S/R line. Ultimately, I'm looking for a target of $4940-$5070 as this larger, potential wave 3, completes, with the possibility of an extension up to the EQ of the orange zone/R4 pivot at $5440-$5510. These targets are generalized and will likely require refinement if price moves up as expected. Right now, we want to see the $3765-$3800 area hold as support to increase the likelihood of continued demand pressure on price. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
BTC/USD 1H/1D charts (12/12/2018)Good morning, traders. Yesterday, we discussed the descending channel and blue wedge that price was printing and, sure enough, the move through their resistance precipitated bullish momentum. Price then found resistance at the descending red line I mentioned as well. The target, based on the width of the wedge, should be $3486, and based on the channel should be $3500. Beyond that, $3995 would be the next viable target based on a larger red descending broadening wedge with the 1H R1 pivot sitting just above it at $4025. Depending on how long it takes price to reach that target, the next larger descending broadening wedge may take price to a $4540 target, which is also the 1H R2 pivot. Finally, that would pull price out of the large brown descending broadening wedge we have been talking about since last week which provides a target of $1050 above the point of breach. I will be taking a closer look at these patterns during this morning's live stream. A look at the 1H chart shows price continuing to find resistance at the descending red line, but consolidating against it at this time. This current level is a stronger area of support on this TF as the high volume node indicates, which also makes it a stronger area of resistance when price is sitting under it. RSI is currently sitting at 64.5, nearing that oversold level. But there's enough room left in it for a push up toward the lower targets at least before a retrace and potential attempt higher. We can also see increasing volume from the point at which price retested the blue wedge/black descending channel resistance as support. The 1D shows much the same as yesterday -- price printing an ascending wedge/possible bear flag within a large red descending wedge. Possible double bottom printing as well, if not the left shoulder and head of an IHS. RSI is just now peeking back out of oversold following recent bullish divergence. Logically, since we are bouncing off the ascending channel's support, we would look for price to target the top of the channel. Reaching that point also puts price at the red wedge's resistance. Don't forget that a close above that resistance sets up a target of $1150 above the point at which price breaches it. Additionally, reaching that target confirms the double bottom (if an IHS doesn't play out first) thereby creating a target of $5430. If the IHS prints, then I will update with a target based on that particular pattern as well. We could also see hidden bearish divergence print on MACD's histogram if price doesn't move above the December 4th swing high at $4034. It is currently printing a higher high on that histogram. So, we need to see continued strengthening of price movement upward until that point to avoid that divergence. Bitfinex BTCUSD longs have continued to rise as shorts are looking at a temporary bottom right now. The 1D volume and price action look very similar to April's low, and I will be discussing that during this morning's live stream as well. If it continues to play out as such, then we should expect a spike in price and volume today or, more likely, tomorrow. But that's a big "if" and highly speculative. The current swing low is sitting at $3210 on Bitstamp. A close below this level on the 4H or higher TF should signal a move down to $2900/$3000, which was the swing low region of the September 2017 correction. However, beware of a drop below and subsequent close above $3210 on a 4H or higher TF. That would print a bullish SFP that should send price upward, at least in the near-term. Price closing above the swing high of $3633.20 should signal upward momentum, but there has been significant activity in the $3600-$3800 range indicating resistance waiting in that area. So, traders would still need to remain careful. Because of this resistance, we could see a bearish SFP print which should send price downward, at least in the short term. I will be looking for price to target the 4H R1 pivot at $4025 if price closes above that swing high while keeping in mind the resistance as spoken about. The DXY is bouncing a bit this morning and stocks are looking to have a positive day as the major US indexes are up more than 1 percent in the premarket. Because Bitcoin is a risky asset, the bounce in the broader market should also provide a bounce in cryptocurrencies which would be inline with what I discussed above. However, it remains my believe that any bounce in that broader market is nothing more than a relief bounce and that stocks remain in distribution. That does not mean we can't see a new all time high, but I would rather that we didn't because it would encourage retail traders to FOMO in and the result would be the larger interests selling into them in one large swoop. This is known as a UTAD (upthrust after distribution) in Wyckoff terms. Remember, if DXY continues to strengthen today then that means that the major currencies, in general, should fall against the USD. So keep that in mind if trading FOREX. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks