Oil, Looking Carefully For a Rally UP (Volume Profile + Gann) It's is quite simple to see that Oil will in a short time reach 58.9 to the 60s area. Big Banks and institutions are "building" and accumulating orders for the winter.
Volume Profile plotted with Developing POC, Triangle Pattern had been tested and about to break up, also the Gann Fan 2/1 aligned with the up Triangle Pattern.
POC
Volume Profile + Supply & Demand + Gann = Predictions (???)Same strategy and concept as the previous post, but in a Daily chart. Based on Volume Profile from 6 months behind I've found Supply & Demand Areas, where Big Banks and Hedge Funds "build" their prices, I've highlighted those areas (in orange) and plotted the Gann Fan.
Now I'm just waiting for the New Zealand Dollar / U.S. Dollar to come back and reach the price around 0.64839 to "short."
A LOT of pressure down will occur around the area 0.64839 and 0.65732!
As I said before it's a strong area and that the big institutions don't forget!
Interesting FIB / VPVR POC confluence on ETHUSD may suggest down
When setting the fib at the breakout point and top of the recent bull move, we see price has fully retraced, finding support at the fib 1.
However, price is also attracted to the Volume profile point of control ( POC ). Which also just happens to align perfectly with the FIb 1.272 level.
it will be interesting to see where price goes should it fall below this lever. I will be watching for the POC and FIB 1.272 level.
ETH/USD: Breakout is coming - Accumulation endedIf you like my work feel free to leave a like and follow not to miss any trade. We successfully fulfilled 12.5R with ETH/USD last night and caught BTC/USD at 10.4k a few days ago.
BTC/USD has proven within the last 24 hours that a set of clear highs and higher lows indicates strong willingness to break out and aim for liquidity pools.
As POC from yearly-high clearly shows, high-volume positions have been accumulated within our highs-higherlows set. Therefore I‘m targeting for $269 - $288 in the short run and leaving my long from $219 opened.
EURUSD Consolidation After 5 days of long consolidation EURUSD made a downward movement...
For that reason i use Volume Profile for finding Point of control (POC) for the market.. Where i see fair price.
POC - The price level for the time period with the highest traded volume.
And now i expect that in this level will be reaction when the market return back.
Happy trading
Dale
USDCAD - Point of control of the Year 2018 We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019.
After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262...
50 % moved up is so near to the Point of control of the year 2018.... So there is a lot of confirmation for the trend reversal...
1. ABCD GARTLEY
2. POC OF THE YEAR 2018 ( Volume cluster )
3. STRONG UPTREND in 2018
Happy trading
Dale
Bitcoin is just BALANCING! No Reversal is ahead!Bitcoin is just correcting its very long inventory. No need to worry for longer-term holders! It is just substituting weak-hand longs for stronger ones!
Based on profiles from week 25 to week 27 of 2019, we've had an aggressive buying by short term traders which is very evident in week 25.
In week 26, we got an excess high due to high liquidation by these day timeframe traders as approaching heavy resistance around $14000 level.
During week 27, very short-term traders started to buy the dips and this pushed the prices higher. However, since this bounce occurred by weaker hand money, as it is evident by "poor low", it was unable to reach previous high at $14000. Note that the auction to the downside is NOT COMPLETE due to lack of a good base for this bounce!!!
I expect the current week bitcoin liquidation will continue to the prominent POC of week 25 where a major support by longer term holders is laying at around $9100. Go long there if you witness a solid strong base. The targets are previous high at @13800 and (if conviction is strong) $16800.
BTC/USD H4/D1 charts (1/23/2019)Good morning, traders. There hasn't been a lot of action over night. As discussed during yesterday's live stream, Bitcoin's current price position has supply and demand searching for enough liquidity to get a trend going. Yesterday's drop and $200 rebound appears to have led to the printing of a flag. If so, then the target is the same supply zone that rejected price about 4 days ago. Popping into that supply again may be enough to take out the remaining orders so that price can continue up. Remember, price has to close above the ascending dotted resistance to signal that continued upward momentum, but if it does then the target based on the widest point of the horizontal broadening wedge is a minimum of $240 above the point of breach. The full target would be $400 above that breach point. This means that we should expect price to reach the R3 pivot on the H4 TF, and possibly even the R5 pivot. As discussed yesterday, a breakdown of this wedge should have price targeting the S2 pivot followed by the S4 pivot. RSI moved above its resistance and then retested it as support.
The D1 chart shows the large, possible flag, pattern still printing. There are three targets associated with that pattern. The lowest target would print a possible double/triple top around $4200. This target is based on a possible descending wedge that is printing as noted within the large, possible flag. The next higher target is based on the height of the descending channel that makes up the flag. The highest target is based on the height of the flagpole leading up to that possible flag. Notice the two higher targets complete within the supply zones noted. So there remains a lot of possibility at this time, but until price follows through the are only possibilities. As such, traders need to remain vigilant and should be spending most of their time bettering their risk management.
As mentioned yesterday, what we really need to see in the short term is price closing above the pivot and POC (Point of Control) on both TFs. The POC is the orange line and the pivot is the bright yellow line. If it does, then the odds of reaching these much higher targets is significantly increased.
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.
BTC/USD H4/D1 charts (1/22/2019)Good morning, traders. Bitcoin continues to trend slightly lower but has yet to make a strong, continual move down. This morning we saw price drop, hit demand and rebound just under $200 very quickly. There is no doubt that moves like this are causing traders to lose money as their stops are taken out. The market is attempting to find/create liquidity to get price moving in one direction or the other. This has resulted the local white H4 TR outlined in this chart, as well as the much smaller pink TR. We can also see price wicks printing a horizontal broadening wedge (inverted symmetrical triangle) with higher highs that have been rejected at supply and lower lows that have been rejected at demand. This particular pattern tells us that, neither, buyers nor sellers are in control at this time. The H4 MACD is curled up and nearing a bullish cross while RSI has recently bounced just above oversold. As of right now, we have a recent bullish SFP on the H4 and a possible similar candle on the D1. There is still a lot of time left in the D1, so this latter bullish SFP could change but if it holds then we should expect some upward movement over the next day or two, but we ultimately need to see price moving above the noted overhead supply. Generally, we watch for the fifth swing in this pattern to determine direction. If that fifth swing breaks resistance or support and continues, then price should continue in that direction. If, however, it is rejected on that fifth swing, then we usually look for price to continue in the other direction. In this particular case, the recent drop and $200 rebound was the fifth swing and it was rejected at support suggesting price should continue upward now. Whichever direction price ultimately breaks, we should be looking for a minimum of $240, up to a possible $400, of movement beyond the support or resistance of the pattern. Traders need to understand that while this is what is generally expected with this pattern, the reality is that the pattern is not very reliable so risk management is of the utmost importance (or just waiting for a clean signal to enter).
Price continues to flirt with the D1/D3 pivot, consistently pushing above but closing below it. The basic trendlines are outlined on the D1 chart. Price breaking any of these would suggest continuation in the direction of the break. We can see that this morning's move hit the EQ of the D1 demand, so the bounce should've been expected. However, what we need to see is follow-through. As mentioned above, the market is unsure at this time and is looking for liquidity in either direction to provide confidence. The first side to give this confidence will control direction in the short-to-mid term.
Where does price need to get above to continue moving up? On the H4, we need to see price moving above the POC at $3630.51. On the D1, that would be $3809.16. These orange lines denote the area where we should expect to see the most local resistance and, therefore, provide good support if moving above them. To push above them indicates that demand is more dominant than supply. For now, volume and price action seem to suggest some sort of upward movement, but traders looking to limit their risk will usually wait until price closes above the pivot and POC on a TF before entering.
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.
S&P500 short on Savius Slope rider strategythe slope rider signal has fired on the 15' chart.
today markets are stuck in a range due to all the news that came out in the past days.
Keep Stop Loss above last high in price at 2720 (ESZ8 price, not SPX500).
Take partial profit at 2702: very high volumes here yesterday.
Target 2686: the last unmet Point Of Control from 28th of Nov.
The significant Volume on EURGBPThe last week was nice move down on EURGBP. In this strong sell off i want enter to short position that is why i chose zone close 0.8821. There is really nice POC od the day ( Point of control ).
One more thing!! From this zone started perfect move down, so for me it is mean i will be ready for short from this zone...
Lets check my last post...
BTC CME Futures - Last pump before retest of the lows?Using both FIB levels at different anchor points, we can see where BTC has struggled in the recent past and where we can expect it to struggle again in the future. All gaps have been closed on the chart and we can see using the VPVR that the heavy POC area around $6425-$6475, which we expect to cause trouble again especially if the ETFs news doesn't yield good news.
RSI is resuming its move higher towards resistance and the MACD is slightly crossing positive. This, in turn, could signal a move up to our target short area where a trade can be entered at a better risk vantage point. Predicting patterns before they appear is never a good strategy but we could potentially see a possible H&S form if we get up to our short and reject back lower. Volume has also not accompanied this move up, which is another sign that this could just be a pullback before the continuation of the trend lower.
Keeping all this in mind, we don't necessarily need a break out of the triangle to test lower and we have already rejected and are hanging out near the top of the pattern. Any breakdown from here could spell bad news for bulls and bear just take over control and test lower again. We are currently in a no-trade zone with futures contract expiration today and we are expecting the next week or two to be very volatile.
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Long EURJPY in Daily Chart for week of 08-11-18To find the entry, you must look at the 4h and locate the level after the bounce of the support and based on PA (candle formation) you enter long at about 122.55+/-
If price Violates the support (DO NOT ENTER). AGAIN, ONLY ENTER THE TRADE IF PA is clear after its bounces.
NPXS - flushing out the weak sellersMy style revolves around volumes at a certain price level. Price that the markets accept or reject displayed by volume profiles.
I've been trading PXS now known as NPXS since ICO. The median price is around $0.00935
Click on the link to see the volumes traded a specific price.
bitgur.com
-Price is above Point of control and it will very very likely stay there based based on volume traded at specific price (POC) and supply-demand imbalance.
Let me explain my reasoning.
-Last night there was a supply and demand imbalance. The weak sellers were in control I based this information on Binance orderbook with 5 decimals. There was too much supply and not enough demand so price tumbled. But today the tables have turned. Weak sellers sold off and the demand is outpacing supply.
-Increasing demand and not enough supply
-Price is above POC support
NXPS is under median price
For those who study bellcurves distribution based on volume profiles.
-NXPS forming a mesokurtic bellcurve - mesokurtic distribution - Buyers are trying to get their orders filled within the value area. We see this often happen in accumulation phases.
-Second phase will be no doubt a leptokurtic distribution. When supply and demand is in balance - price goes sideways - buyers already bought - sellers already sold. When price is stagnant in orderwords in balance. (supply met demand) The state when new fresh volume can move the price up violently.
Think of bollinger bands, when bollinger bands contract - price goes sideways then erupt violently in a single direction. This will happen with NXPS.