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POC

AAVE/USDT Trading IdeaWe're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair. In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation of a descending triangle, accompanied by significant trading volumes. Currently, we observe AAVE's price breaking out of the described triangle and starting to trade within an ascending channel , confined by values from $115.27. This might indicate a potential continuation of the accumulation phase with a possible price squeeze toward the local maximum. Hence, the present trends and price chart structure suggest interesting dynamics in the asset's movement. Considering these trends, it's conceivable that the asset is preparing to surpass the local maximum of $115.27, paving the way for further upward movement. The initial target for this upward trend could be the strong resistance level at $200. If this level is successfully breached and bullish pressure is sustained, the subsequent potential target could be around $260.
Long
by Rick_SimpleSwap
2
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC. At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%. The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC. In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
by Rick_SimpleSwap
USDT/DOT Speculative Trading IdeaBelow is a speculative trading idea for the DOT/USDT pair. Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023. As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction. We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273. We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
by Rick_SimpleSwap
5
USDT/BTC Speculative Trading IdeaBelow is a speculative trading idea for the BTC/USDT pair. As of writing, there’s a consolidation and price chart compression towards the established local resistance level at a price of $35,195, following an impulsive 31% price increase from $26,794 with a rebound from the 50-day moving average. Within the framework of this idea, we propose to consider the possibility of buying BTC at a price of $35,195. We do so with the aim of continuing the BTC price rise towards the resistance zone located near the POC volume level, corresponding to the trading range of the first half of 2022. The approximate target for this trade is $38,440. An additional factor supporting this decision is the cumulative delta, indicating sustained buyer interest. The potential for this trade is estimated at 9%, with a stop-loss set at the 3% level, which amounts to $34,100.
BITSTAMP:BTCUSDLong
by Rick_SimpleSwap
BNT/USDT Speculative Trading IdeaBelow is a speculative trading idea for the BNT/USDT pair. As of writing, the asset's value has decreased by more than 50% after a strong growth of 240%. The asset meets our expected indicators and reaches a high of $1.9546 . We decide to acquire the asset at the current price of $0.8426. The 50-day moving average serves as support. A decrease in seller activity is also noted, and the price is being held by buyers according to the cumulative delta. The volume profile also reflects market participants' interest in this asset at this price level. The first target of our trade is to reach the mirror level at $1.0500, with a profit percentage of over 20%. Upon reaching this level, we plan to close the majority of our position, which will be 80%. The second target, intended for the remaining 20% of the position, is to reach a price of $1.2163 in the event of a breakout of the mirror level. The expected profit at this stage will be over 40%.
Long
by Rick_SimpleSwap
7
🔴 #BTC short setupThe BTC chart looks bearish. We've formed a pattern of a small base under a larger one, with a small base also located under the BoS short level at 29400. I'm considering a scenario where price returns to the high-volume level of the larger base at 30262, and tests the imbalance range (30530-30900) from above before moving downward. At the high-volume level, I'll be searching for an entry into a short position with the following targets: TP1 - 29285 - high-volume level of the small base TP2 - 27660 - 0.5 imbalance of the 4-hour and daily candle TP3 - 26050 - 0.5 imbalance of the daily candle and high-volume level at 25790 I will place the stop loss beyond the imbalance boundary at 31030.
Short
by flamefh
TBT Treasuries Bear Leveraged ETFTBT is going to take another swing now that interest rates are going up. Fundamentally, Treasuries and other bonds will go down on their real face value because their yield is lower than the new going rate. Inverse EFTs like TBT will go up when Treasuries go down. On the w Chart chart, price is sitting above the POC line of the volume profile where there is support and high volatility. Above the line shows buyers in control ready to move price higher. The Awesome Oscillator flipped green today after the fed news showing that selling momentum has been replaced by buying momentum ( capitulation at the bottom). The volume indicator shows a clear uptick in buying volume. TBT offers options to further leverage this trade. I will take a call options position of several contracts for the 5/12 expiration at a strike about 5% below the current price. I expect 100% return on risk by next Monday and more after that.
AMEX:TBTLong
by AwesomeAvani
Daytrade Plan for XAUUSDFollowing the previous XAUUSD post, the price pattern has completed the descending triangle formation and is reaching to the recommended TP2 zone, where traders should definitely start to take profits. The reason why we should start scaling out of sell/short positions here is because there are a cluster from multiple indications on this demand zone at 1900 area including: 1) POC from fixed range volume profile of the previous swing low-swing high 2) 161.8 target from fibonacci after the consolidation of descending triangle formation 3) EMA-200 day period Evidently, this demand zone is considered strong based on the cluster of 3 technical indications There will likely be a technical rebound near this area, where we can trade against the trend for a very short trade. However, it would not be wise to place a trade right away. The price actions should begin to form a range of consolidation and show a lower high first in 15m timeframe before placing a trade. SL: at the lowest point in 15m timeframe TP: at two cayenne lines are acting as minor resistances and should then be the TPs for this short trade plan: 1910, 1917 respectively. Again, this short trade plan is trading against trend which can be very risky. Therefore, do not forget to put a stoploss and place in proper risk management on your positions as always
OANDA:XAUUSDLong
by ChartTrail
Potential BTC Short Between around 30.3k and 30.8k are some fresh resistance levels that are yet to be hit. If price comes into this box with the criteria frp, listed I will take a short risking 1%-2% of my entire account. *1hr money flow (Red/green oscillator waves) coming down and crossing the 0 line *1hr momentum creating a divergence (Blue oscillator waves) *1hr vwap (Yellow line on oscillator) curving down to ward the 0 line. *12min and down momentum divergence *12min and down moneyflow coming down Tp 1 - Value area high at 28870 Tp 2 - point of control at 28000 Tp 3 - Value area low at 26900 Leave the rest to ride
Short
by scottmcscran
SPY's Triangle Reflects the Chop, but Battle Lines ConvergePrimary Chart : 195m chart of major US index, the S&P 500 represented by the SPDR® S&P 500® ETF Trust, with symmetrical triangle pattern and anchored VWAPs SquishTrade has posted fewer analyses lately as markets have been quite uncertain and choppy. When there is less certainty in the analysis, there should be less to say. And prudence dictates avoiding confusion by creating analyses and forecasts when trends are unclear and markets remain choppy. This post will not present a directional view given the high level of choppiness and uncertainty. Instead, it will show where the battle lines, so to speak, are drawn. The market may deign to inform us where the next trend move will be when key levels begin to break. And sometimes, markets will not inform us until after a few false moves—in other words, lies come before the truth perhaps. Indeed, this market has been difficult to trust even for directional moves under one or two days' time. First, the smaller triangle within the larger triangle will likely break even if a false break comes before the real one. This may coincide with price breaking to the other side of key anchored VWAPs shown as well. This may signal whether the upper or lower trendline of the larger symmetrical triangle will be tagged next. But until the upper or lower trendlines of the triangle are broken decisively, i.e., not a false break, the trend may remain unclear. Rate volatility has perhaps exacerbated the uncertainty in equity markets to an even greater degree as rates on the shorter end of the curve have whipsawed dramatically, e.g., 2-year note and yield both whipsawing along with Fed Funds rate futures and other interest-rate products and instruments like the Eurodollar futures. Here are the key points to watch in the coming weeks: The longer-term symmetrical-triangle pattern shown on the Primary Chart The smaller triangle within the larger symmetrical triangle, shown on Supplementary Chart A below Supplementary Chart A The key anchored VWAPs, Supplementary Chart B, that are converging and compressing similar to the very nature of the larger triangle's own converging trendlines, though VWAPs are more fluid and curvy Supplementary Chart B The POC on a daily chart has remained around 395-396 for quite some time (not shown), and this remains a key pivot for SPY The POC on a weekly chart has remained around 393.70-394.90 for quite some time (not shown), reinforcing the key pivot on the daily at 395 Several Anchored VWAPs and Fibonacci levels all coalesce around 390 (ranging from 389-392); a key gamma level on PSY also lies here. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. Thank you for reading. If this post added clarity or prompted additional thoughts on the technicals of SPY, please comment below!
AMEX:SPY
by SquishTrade
10
GOSS Penny Biotechology SHORTGOSS is a biotechnology penny stock without earnings valued based on future earnings potential based on a "pipeline" which is subject to a long timeline of FDA regulation. On the 30 minute chart. price is shown as being in the overvalued area in the upper VWAP band and well above the POC line of the long-range volume profile. The RSI indicator is now showing a bearish divergence as the relative strength is weakening. Price has bounced down from the resistance of the line representing two standard deviations above VWAP. The supply / demand zones are indicated by the Indicator applied which is authored by Luxalgo. Price has hit the supply zone lower border and is now in an early reversal. I see this as a swing short trade also played with taking put options. Stop loss is in the upper area of the red supply zone. Targets include first the POC line of the volume profile and then a final target at one STD below VWAP also being just above the demand zone. Alternatively put options at the strike of $ 1.50 for the May monthly expiration of 5/18 This trade will benefit from any expected pullback in the general markets.
NASDAQ:GOSSShort
by AwesomeAvani
LABD 3X BEAR BIOTECH LONG DAYTRADEAs shown on the 15-minute chart, LABD is bouncing between stardard deviations of the VWAP in a 6% price range fluctuation day to day. At the upper end it is reversing at the POC of the volume profile confluent with one standard deviation above VWAP while at the bottom it is bouncing from the bottom of the lower high volume area of the profile and two standard deviations below VWAP. I see this as an opportunity for a 6% upside long day trade especially if the general market is uptrending after the weekend. Alternatively, a 5 DTE call option with a strike of $ 15.50 or $16.00 looking for a 30-40% return on the premium over the upcoming week. ( The zero lag MACD confirms the buy signal.)
AMEX:LABDLong
by AwesomeAvani
Bitcoin - Upcoming rejection from the 2021 Yearly POC?(The Volume Profiles Yearly POC is an important level for Bitcoin trading that you should look into .) Bitcoin made a nice upwards move after successfully retesting the Yearly POC from 2022. Our indicators are not heavily overbought yet so there's still room for some more upwards price action . If Bitcoin manages to take out the high at 32.5k this would trigger a lot of stop losses , which is why I think there's a high probability that we're going to see BTC take out this level. After this high a possible price point where Bitcoin then might get rejected is the 2021 Yearly POC . Make sure to do your own research, this is no trading advice. Forecasts and forward-looking statements always involve risks and uncertainties.
Short
by WhaleCrew
US 500 LongIf this is an Inverse Head and Shoulders chart pattern, 4200 is the target. What we need to see is the price get above the recent POC. Blood is in the streets. The Fed needs to get some new expectations out and deliver some news that comforts the market. Or this is their way of creating financial turmoil that gets job losses that crushes the demand. You choose your narrative. Or, maybe the news is designed to shake everyone's confidence so that the actual money men of this world can buy at a discount.
ULong
by Macrobriefing
Bitcoin - All levels on the weekly chart (must know!) You can use these levels for your trades, because I am pretty sure we will see a reaction on all of them! These levels will be respected even on the 1-minute chart, so do not underestimate them! If one of these levels is destroyed, it's likely that the price will move to the next level specified on the chart. On the bullish side of the chart, we have a strong level that will be tested very soon. It's the POC of the previous market structure and a strong horizontal level at 29765. Above this level, there is an unfilled GAP between 37836 and 32399. This is the only major unfilled GAP on the Binance chart. These types of gaps are called fair value GAPS. 0.618 LOG SCALE FIB (38981) is definitely the strongest resistance out there. Also, we have a POC of the previous structure exactly at the same level. If the price gets to this level, we will experience a massive, brutal crash. Make sure you get informed when we reach this level, so follow me to stay updated! 0.618 LINEAR SCALE FIB (48553) is at confluence with the previous swing high. It's definitely a strong resistance as well, but if the bulls destroy this level, then it opens the gate to a new all-time high (69000), which is the last resistance! On the bearish side of the chart, there is only 1 strong level at this point, and it's the previous swing low at 15476. I think we will reach this level sometimes later this year or next year! 2 unfilled GAPs below the current price are also strong supports. They are between 22602 - 26508 and 17176 - 19549. I am telling you that these gaps are extremely massive, and the chances of filling them are soooooo high, sooner or later. If the bulls fail to hold the 15476 level, we will go to 10k! It's a possible scenario, and it could happen, and the chances are not low at all. Otherwise, this is a bearish Elliott Wave count, which is still my main count. Of course, I also have a bullish count, but I will switch to it after we reach levels above 43k. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
60
DGBUSD: Inverted Head and Shoulders Above POCDigibyte on many charts is breaking out of a falling wedge while showing us a 3 Line Strike on the monthly and on these charts the macro move you'd expect would take s between 12 and 20 cents, with that in mind i now look on the more liquid Bybit Chart and can see that 12 cents would be the 1.618 Extension and that it is currently trading above the POC after forming an Inverted Head and Shoulders pattern. If we breakout i would target the 0.886, then i would target the 1.618 for profit taking.
Long
by RizeSenpai
AUDUSD: Bearish signal below 0.6680AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving averages 50 and 100 on the 4-hour timeframe converge. Additionally, the point of control (POC) is also located at that level, as shown on the volume profile indicator. Any sign of reversal from this level will be considered a bearish signal towards 0.65970. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
1