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EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price corrected down, but the move was smooth and on the small volume, so we can;t regard it as a reversal signal. Moreover, the presence of the local uptrend and the recent sharp growth supported by the large volume, we may still give advantage to long positions. Volume Zones: We need to highlight the new volume level of support 1.2060, which has been already tested and the price restarted its growth exactly from this mark. Sentiment: This indicator shows that 78% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may ponder long positions after a stoppage of the correction and a resumption of the keen growth, supported by the large volume. It will be a more precise and secure signal for entering the market. A stop loss may be placed below the new support level. Profit Potential: More than 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price is still trading above the new volume support level. Yes, the price corrected down, but the fall was on the small volume, so we can't consider it as a reversal signal. Moreover, there is a strong local uptrend with the Euro. Volume Zones: We need to point out an important level of support 1.2002 - 1.2010, which contains the large volume. Sentiment: This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard long positions after a smooth downward correction of the price, in order to get a more profitable entry point. A stop loss may be placed below the new support level. Profit Potential: More than 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt and confident growth supported by the large volume and positive delta. It means that there is a significant purchases imbalance (longs > shorts). Volume Zones: It is necessary to point out the new support level 1773.00 - 1776.00, which contains the large volume. Sentiment: This indicator shows that 64% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we may ponder long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt and confident rise and broke out the previous level of resistance. Moreover, the move was supported by the large volume and positive delta, which means that buyers are dominating the market and propelled the price up. Volume Zones: We need to allocate the new volume level of resistance 1765.50 - 1769.10. The price is trading nigh this mark now. Sentiment: This indicator shows that 65% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
Buying the dip on BTGBTG: A Mid-cap Miner with Value and Improving Sentiment B2Gold Corp has a P/E of 8, and P/FCF of 8.5, and a dividend yield of 3.34%. That's solid value for money. S&P Global gives it about 70/100 for fundamentals, and analyst ratings on the stock have recently grown more bullish after it made a bullish move across a downward-sloping resistance line. It's frankly worth a buy on its own merits, but it could also benefit from favorable conditions for both gold and small/mid-cap stocks. Time for a Gold Rally? Gold sentiment has been improving sharply ever since gold made a bullish trend line break. Inflation beat expectations yesterday, and the big Biden infrastructure spending plan potentially forbodes more inflation down the road. Gold should rally accordingly, unless bond yields play spoiler again. GLD looks poised to bounce from the 20-day EMA. It has a bullish put-call ratio just over 0.5. Time for a Small/Mid-Cap Rally? Small caps have been pulling back in relation to large caps since about March 8, but they're showing some life today, with Nasdaq down and the Russell 2000 up sharply. Here's the equal weight to market weight ratio, which I suspect will bounce from the 50-day EMA: Buying the Dip I bought the pullback to the 50 EMA and will add shares on any pullback to the 20-day.
AMEX:BTGLong
by ChristopherCarrollSmith
7
AUD/USD Breaking out to the upside...Somewhat mixed Aussie labour report overnight, as the headline employment change exceeded expectations 2-fold, but was all due to part-time workers given a near 21k fall in the number of full time jobs. AUD/USD trying to clear resistance around 0.7750 convincingly, but also facing a formidable hurdle in the form of 1.1 bn option expiries from the half round number up to 0.7765. Let's see where this closes this week and we will have some great trading coverage on this pair next week.
by FTUKcom
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price tested the support level, but could not break it down and resumed rising. The move was supported by the large volume and positive delta, which shows that there is a significant purchases imbalance right now. Besides it, we need to, mention a recent sharp growth of the pair. Volume Zones: We need to point out an important level of support 1.1865, which contains the large volume. Sentiment: This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we may prefer a scenario of opening long positions. We may enter the market after a smooth downward correction of the price, in order to obtain a more profitable entry point. A stop loss may be placed below the new support level. Profit Potential: Around 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price corrected down after the formation of the new resistance level. Nevertheless, the correction was stopped when the large volume appeared and was accumulated in the bottom of the fall. It shows that the smart money are not interested in a further fall of the price. Besides it, we should allocate the strong local uptrend. Volume Zones: We need to point out the new level of resistance/local maximum 1755.30 - 1757.00. Now the pair is trading nigh this mark. Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 pips.
OANDA:XAUUSDLong
by VARIANSE
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price restarted growing and broke out the previous resistance level, which is a good bullish signal. Moreover, the surge was supported by the large volume and positive delta, which demonstrate that buyers are dominating the market now. Volume Zones: It is necessary to allocate the new volume level of support 1.1864. The price resumed rising exactly from this point. Sentiment: This indicator shows that 74% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we should prefer long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level. Profit Potential: Around 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt growth supported by the large volume, which shows that the smart money pushed the price up. Volume Zones: It is necessary to point out the resistance level 1.1900. The price is trading near this mark. Sentiment: This indicator shows that 68% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will consent us to open long positions. The rise must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: Around 80 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
4
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Volume Zones: The price is testing the level of resistance/upper limit of the local range - 1738.00 - 1745.00. Sentiment: This indicator shows that 54% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
1
Bitcoin Ranging as Alt Season Takes HoldThis is informational, not really TA. Bitcoin continues to range the high 50s, and in week 6 of testing 59-60k but no supported breakthrough. Bitcoin currently sits at ~58.8 at the time of writing this, firmly within it's best supported price range in the current pattern. The longer we range the 50s the more momentum altcoins gather and the more market dominance that Bitcoin loses, now at its lowest point since September. There are indications that whales and industry are using this to continue accumulating both Bitcoin and strong altcoin pairings, with exchange outflows healthy, and no signs of inflows/miners taking profit, etc. I expect we'll see pattern continue into the weekend. Currently Bitcoin is testing support on the 20MA, which also aligns with the top support (1) and appears to be a strong demand zone. Failure to bounce from there will see it retest the next support zone by volume (2), around 58-57k. And if it fails to stop there, the lowermost support in this pattern is 56.2-55.5k. If you zoom out you'll find around 56k to be the strongest support for the month of March. Failure to hold there will lead to deeper corrections and possibly retesting 53k which is also the bottom of the current supertrend. My opinion- retail is currently exhausted in their ability to move Bitcoin's price. It remains here either because industry wants it here and will continue to accumulate, or industry is mostly idling to see what happens next. In any case bulls don't have the momentum needed to breakthrough resistance above 59k, but bears lack the strength to drive price down, as last week's test of 50k revealed. This is a perfect storm for altcoins as they will continue to pump until we see a decisive movement from Bitcoin . Indicators: Bearish: VFI: Indicates heavy bearish sentiment, and divergent from the price Bullish: Stoch RSI: neutral with a small bullish crossover today Neutral: Exchange Inflows: No indication of large inflows that could indicate a local or cycle top Bullish: Pi: 11DMA has not crossed over the 350DMAx2 but they continue very close to each other. At this time its not indicating a local or cycle top. Bullish: Fear & Greed: We are sitting with a slight greedy bias, up from a neutral reading last week. However we are continuing to range lower than we saw in earlier points in this bull cycle.
COINBASE:BTCUSD
by 1BigPapi
USDJPY LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price corrected down after the test of the resistance level. However, the move was smooth and on the small volume and the price is still located nigh this level. It means that sellers don't have power to push the price down. Moreover, it is necessary to allocate a local uptrend. Volume Zones: We need to point out an important level of resistance/local maximum 110.81. The price is currently trading near it. Sentiment: This indicator shows that 86% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). d.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 110 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The pair showed a sharp drop supported by the large institutional volume, which means that the smart money pushed the price down. Volume Zones: The price is currently testing the support level/local minimum 1681.00 - 1686.00. Sentiment: This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Short Positions: Given all these factors, we may regard a breakdown of the support level, which will consent us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: More than 400 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDShort
by VARIANSE
XAGUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a confident and sharp fall supported by the large institutional volume and swallowed the previous upward correction. It shows that buyers don't have a power to propel the price further up. Volume Zones: The price is testing the support level/local minimum 24.54 - 24.61. Sentiment: This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Short Positions: Given all these factors, we may reckon a scenario of the support level breakdown, which will allow us to open short positions. The move must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: More than 60 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAGUSDShort
by VARIANSE
BTC USD (Sentiment Forecast)Sentiment data is marginally different than traditional technical analysis. Median Trend Price, aka 0sig = Orange Line Resistance, aka 1sig = Yellow, upper Support, aka -1sig = Yellow, lower Extended Resistance/Support (2/-2sig) = gray, respectively Green is the 3sig (extended target) Red is the -3sig (retracement level) Ranging between the -1 and 1 sig provides a level of price strength. Continued action above the -1sig will keep the upper 3sig target on the table, I'm terms of how the trend is leaning. I don't see $60k just yet with BTC, but high $59k prior to retrace range sub -2sig is likely.
KRAKEN:BTCUSDLong
by cryptonrek
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated an abrupt fall. The move was on the average volume, however, it was supported by the large negative delta. It means that sellers are still dominating the market. Volume Zones: This formed a new level of resistance, which contains the large market participants volume and was created during this move from 1.1808-1.1812. Sentiment: This indicator shows that 83% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We may enter the market after an end of the current correction and a resumption of the drop, supported by the large volume. It will be a more reliable signal for entering the market. A stop loss may be placed above the new resistance. Profit Potential: More than 100 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Short
by VARIANSE