XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price tested the support level, but failed to break it out and then corrected upwards. However, the pair has already resumed falling and now is trading nigh this level once again. It means that buyers are weak and unable to push the price farther up. Besides it, we need to allocate the recent sharp drop of the price.
Volume Zones:
We need to point out a strong level of support 1282.00, which contains the large volume.
Sentiment:
This indicator shows that 63% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may consider a breakdown of the support level, which will allow us to open short positions. The sink of the price must be confident, keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Sentiment
USDJPY LONG on Order Flow - Follow the smart money! Strong Long 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:
We need to allocated an important level of resistance 112.00.
Sentiment:
This indicator shows that 96% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth on the large volume, but further move was stopped by the new resistance level. However, the price is testing it at the moment.
Volume Zones:
It is necessary to point out the new level of resistance 1.1320. It contains the large volume.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may reckon a scenario of the breakout of this mark, which will allow us to open long positions. The breakout movement must be abrupt and supported by the large volume, which will insure us against a fake breakout. A stop loss may be placed below the breakout volume bar.
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 -
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair tested the support level and then demonstrated a sharp growth. The move was on the large positive delta, which means that buyers are dominating the market.
Volume Zones:
It is necessary to point out the crucial support level 1.1237 - 1.1245. We should allocated that the large volume is concentrated inside it, which implies that the smart money has positions in this range.
Sentiment:
This indicator shows that 67% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions until the breakdown of this level. We may enter the market 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 support level.
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 -
USDWTI LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price demonstrated a huge growth supported by large institutional volume, which is a great bullish signal. Moreover, the large positive delta indicates that buyers were dominating the market.
Volume Zones:
The new volume level of support 63.80 was created during this upward movement.
Sentiment:
This indicator shows that 89% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a more profitable entry point. A stop loss may be placed below the beginning of the surge.
Profit Potential:
More than 170 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price showed a sharp rise supported by an increased institutional volume and broke through the previous support level. The move was on the large positive delta, which is a strong bullish signal.
Volume Zones:
It is necessary to point out the new resistance level 1.1273, which stopped the further growth of the pair.
Sentiment:
This indicator shows that 65% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may regard a scenario of a breakout of the new resistance levelm that will be a great bullish signal. The breakout movement must be abrupt 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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBP/USD – Weak recovery attempt posted another lower top The GBP/USD currency pair on the 4-hour time frame has been following a downtrend recently. The price dipped below the key support level of 1.30000 on 5 April. The price recovered quickly above the 1.30000 level with more than 50 pips jump but the recovery attempt was weak as the price failed to breach the last resistance level of 1.31979 (High of 3 April)
The 4-hour chart of the GBP/USD confirms the negative sentiment in the price movement as the pair is making successively lower tops and lower bottoms.
By applying Oscillators Analysis, all three indicators confirm the negative bias in the market. As the chart shows, price is well below the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values below the zero-line which shows negative sentiment in the GBP/USD. RSI (Relative Strength Index) showing values below 50 which supports the bearish sentiment in the market.
Next support level lies at 1.29786, if the price breaks below this level, bears will take full control of the market.
In alternative scenario, key resistance level lies at 1.31979. Bulls must break this level in order to regain bullish sentiment in the market.
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume and tested the support level. Yes, the price could not break it down, but is still trading near it.
Volume Zones:
It is necessary to allocate the level of support/local minimum 1.2993. It contains the large volume (some institutional playes have positions there) and has already been tested (some institutional playes keep the price up).
Sentiment:
This indicator shows that 76% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Therefore, we may regard a scenario of a continuaiton of the drop and the sharp breakdown of the support, which will be a great bearish signal.The move must be supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
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 -
USDJPY LONG on Order Flow - Follow the smart money! Potential Bullish Signal:
The price carried on rising and is currently trading near the level of resistance/upper boundary of the local consolidation.
Volume Zones:
There is a crucial level of resistance/local maximum 112.00. The large volume is concentrated in it, so we can admit that some institutional players have positions in it.
Sentiment:
This indicator shows that 97% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may consider a scenario of a continuation of the sruge and a breakout of the resistance, which will be a great bullish signal. The move must be abrupt 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 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDJPY LONG on Order Flow - Follow the smart money! Bullish Opportunity:
The price continued rising and now is trading near the level of resistance. Yes, the move was on the increased volume and neutral delta, which does not allow us to understand who is pushing the price up. However, the increased volume during the growth is a good signal.
Volume Zones:
The level of resistance 112.00 is the most crucial for the Yen as it contains the large volume and has been already tested.
Sentiment:
This technical indicator shows that 96% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may consider a scenario of a breakout of the resistance level 112.00. It will be a strong bullish signal and will allow us to open long positions. The surge must be supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -
USDJPY LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair demonstrated a sharp rise and now is trading near the level of resistance. The surge was supported by the large volume and on the positive delta, which means that the smart money pushed the price up.
Volume Zones:
We need to point out the strong volume level of resistance 112.00. It is also an upper limit of the local range.
Sentiment:
This indicator shows that 94% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will allow us to open long positions. The growth should be keen and supported by the large volume, which will insure us against a fake breakout. A stop loss may be placed below the breakout volume bar.
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 -
USDWTI LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price went on rising, moreover, the move was on the large volume and positive delta. It means that buyers were dominating among institutional players.
Volume Zones:
We need to point out the new level of support 61.60, which contains the large volume.
Sentiment:
This indicator shows that 90% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to obtain a more profitable entry point. A stop loss may be placed below the new support.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDWTI LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price showed a huge growth supported by the large volume, which implies that the smart money pushed it upwards. Moreover, the large positive delta indicates that buyers were prevailing the market.
Volume Zones:
We need to point out the new level of support 60.60, which contains the large volume.
Sentiment:
This indicator shows that 86% of retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we should consider exceptionally long positions. We may enter the market after a smooth downward correction, in order to obtain an acceptable entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
As predicted, the price corrected upwards and then resumed falling. Moreover, the drop was supported by the large volume, which means that institutional players pushed the price down.
Volume Zones:
We need to point out the resistance level 1299.50, which contains the large volume.
Sentiment:
This indicator shows that 55% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we still may consider short positions. WWe may open short positions after a slight and smooth upward correction of the price, in order to get an acceptable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDWTI LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price showed an abrupt rise and broke out the previous resistance level/local maximum, which is a great bullish signal. Moreover, the move was on the large volume, which only strengthen its importance.
Volume Zones:
The new level of support was created, it's 59.85. I contains the large volume, which pushed the price up. Thus, we can assume that institutional players were participating in this move.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we should reckon exceptionally 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:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price corrected up on Friday, but after the appearance of the large volume and creation of the new resistance, gold resumed falling.
Volume Zones:
We need to highlight the new level of resistance 1299.60, which contains the large volume. Moreover, the recent sharp drop started exactly from this level.
Sentiment:
This indicator shows that 53% retails traders are in long positions, which is a nice additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may give preference to short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Why BTC could be going MUCH lower. Part II: Vox populi"Be fearful when others are greedy and greedy when others are fearful.”
Possibly one of the most influential quotes of all time when it comes to investing. While this is necessarily not always the case, Warren Buffet understands that the whole merry-go-round that we call the stock, gold etc. markets are based on one, though far from simple, thing: psychology of the participating individuals.
It is the reason why 90% of all individuals fail in trading as they are lead by emotions and irrational deicisions. The other 10%? They understand the game and simply go against the mass sentiment of the sheep, profiting of off them in the process.
So what is the current sentiment in the crypto sphere?
alternative.me
Well, if we take a look at the crypto fear and greed index we can see that currently greed is in the market with a valuation of 57 (you can look up on what the whole algorithm is based on). If we take the TA approach, we can see that the 60 mark provides a heavy resistance. 56 is the point at which Bitcoin tumbled, broke 6k and capitulated (though if that was the true capitulation remains to be seen).
What does this mean?
Well, firstly, do note that there are times when a greedy overall sentiment can be justified. For example, if Bitcoin made a higher high and established a firm support at a new level that would definitely mean that greed is, at least for the short tem, a justified sentiment. Another example would be Bitcoin decisively breaking the 6k support-now-resistance level as that would essentially signal the start of a new bull market.
But, with that being said, can the greed really be justified in this point in time?
If you look at the TA fundamentals, we are now facing heavy resistance on a weekly time frame with a multitude of indicators:
1. 200 EMA (in red) is holding the price firmly below 4100
2. 20 MA (in black) is falling down like a bomb and though an argument can be made that we broke it, I would like to see a breakout with A LOT of volume. Breaking such significant MA is no small feat and any breakout without volume cant really be taken particularly seriously.
3. RSI on the weekly is 1. overextended and 2. at a super heavy resistance around 43,44
In short, the sentiment is telling us moon while the TA is telling us a completely different story. That would make the current greed sentiment UNJUSTIFIABLE.
I plan to take additional short positions and cant wait for these thing to fall like a rock to at least 200MA. Once there we will evaluate the position and react appropriately.
Stay tuned for Part III of the series, where we will take a look at an indicator with a literally 100% accuracy. Thank you!
P.S. If you like my analysis, please hit a like as otherwise, if no one is reading them there is no point in writing them either.
BITCOIN is STRONG - BUT Will DROP Very Soon - And Then RALLY! Dear Ladies And Gentlemen!
Let me start telling you, that even though I believe we will go down short term, we are having a bullish Global Market Sentiment. I will claim, that it's likely that we will enter a BULL MARKET within 3 months.
Here are the reasons - we have for a long time seen:
-Increasing Global Market Cap
-Dropping BTC-Dominance
-Increasing Global Market Volume
Also take a look at this simple Volume Analysis:
So even though we just established, that the Market Sentiment is overall bullish, I don't think we will go through the ascending triangle now. Too many people have become bullish now, and it would be good for the hiding bears/whales to dump BTC a bit and shake things up, and THEN we will move up again after hitting my dotted line and blue rectangle, which also is equal to 61.8% retrace.
This idea also support our Elliott Wave idea. And at the same time EVEN though we will go down to around 3,7k it will not ruin the overall market sentiment. We are just taking a detour.
Are you ready?
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Thanks for following me - Please leave a LIKE, friends. It's appreciated :)
ETHUSD SentimentI don't really trade crypto for a while now just because of it's very hard to tell if it will go up or down in the short term. Since I bought my crypto many years ago I don't really care.
But it is still interesting to see what this market does. I am reading many ideas on the TradingView platform. People think to know whats going to happen and their ideas are more and more confusing.
Here is some easy thing. We're looking at the short statistics of bitfinex.com. This chart hit its maximum in December 2018 and since then it is just going down. I don't say that this is a clear sign that crypto will go up again, it just tells me that the amount of people thinking that it will go further down increases over time.
Would be happy about your thought, feel free to answer
so far
s3bi
ETHUSD SentimentI don't really trade crypto for a while now just because of it's very hard to tell if it will go up or down in the short term. Since I bought my crypto many years ago I don't really care.
But it is still interesting to see what this market does. I am reading many ideas on the TradingView platform. People think to know whats going to happen and their ideas are more and more confusing.
Here is some easy thing. We're looking at the short statistics of bitfinex.com. This chart hit its maximum in December 2018 and since then it is just going down. I don't say that this is a clear sign that crypto will go up again, it just tells me that the amount of people thinking that it will go further down increases over time.
Would be happy about your thought, feel free to answer
so far
s3bi
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
Gold showed a huge sink supported by large institutional volume and broke through the previous support level, which is a great bearish signal.
Volume Zones:
It is necessary to allocate the crucial support level 1283.10, which contains the large volume.
Sentiment:
This indicator shows that 60% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may regard exceptionally short positions. We may enter the market after a keen and confident breakdown of the support level. The move must be supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDCAD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price continued its confident and sharp growth. The move was and is supported by the large volume and positive delta, which indicates that institutional players push the pair up.
Volume Zones:
We need to allocate the strong level of resistance 1.3463, which contains the large volume.
Sentiment:
This indicator shows that 95% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may reckon a breakout of the resistance, which will be a great bullish signal. The rise of the pair must be supported by the large volume, which will insure us against a fake breakout. A stop loss may be placed below the breakout volume bar.
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 -
USDCAD LONG on Order Flow - Follow the smart money! Strong Long Signal:
The pair resumed rising and now is trading near the level of resistance at the moment. The move was on the large volume + positive delta, which is a great bullish signal.
Volume Zones:
We need to point out the strong resistance level 1.3463, which contains the large volume.
Sentiment:
This indicator shows that 94% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imageshack.com
Consider Short Positions:
Given all these factors, we may consider a scenario of a breakout of the resistance level, which will allow us to open long positions. Moreover, the breakout move must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed below the breakout volume bar.
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 -