🔥SECRET METHOD TO IDENTIFY LONG TERM TREND:VOLUME PROFILE+POC🚀🔥Hi, friends! Trend is the most important thing in trading, so you have to know how to identify it and be a successful trader.
In this idea, I will explain to you the most easiest and useful method for trend identification. I know that you haven't heard about that.
📊 THE INSTRUMENTS WE USE TO IDENTIFY THE TREND:
🔥 Fixed Range Volume Profile (FRVP)
🔥 Point of control or POC
🔥 Bitcoin monthly candles/bars. They help to identify the long-term trend without local noise
✅ IF YOU WANT TO UNDERSTAND IF THE BULL MARKET BEGINS AND CONTINUES, YOU NEED:
1. Use the Volume Profile. Just pick it at the left side of the TradingView chart at "Prediction and Measurement Tools".
2. Stretch the volume profile on a monthly candle/bar.
3. After this you will see the Point of Control (POC, red line) which shows you where the most liquidity is concentrated.
4. If the price continues to close above the POC each month, this means that we have a healthy bull market.
5*. If you see that the monthly candle is close below the POC, you need to be more careful with your trends. This can indicate about a trend change, but it happens at least 1 time in the middle of the bull market.
Check the precious bull market. Thats work perfectly!
🚩 You can check if it rule works for the BEAR market and write it in the comments.
📊 WHY IT'S IMPORTANT TO UNDERSTAND THE LONG TERM TREND
I know that you guys know the most famous trading quote: "Trend is your friend." . Naive but very useful recommendation.
The understanding of the long term trend helps you to reduce 50-70% of your losing trades and increase your winrate at least to 60-80%:
🔥 you can use only trend following strategy and make much more money (open only long trades on bull market or open only a short trades on bear market)
🔥 reduce the risk when opening a trade against the trend and cut the losses.
🚩 Additionally, if you buy crypto (BTC, ETH or other alts) on spot, you can use this method to buy and hold crypto till BTC not change the trend. This method helps you to make a huge profit.
So friends, this 5 min educational idea helps you to grow your deposit much faster and don't get big losses during the trading.
Traders, was it useful for you? I know I have is a lot of experienced traders. Write your most useful trading tips in the comments to help the newbies.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Shib
Shib Inu COULD this BE TRap?>? SHIB INU Price Analysis I kinda see a bit of a pattern forming here with SHIB INU on the 4 HOUR ChART .
You can see that we are in an upward wedge here. But at a very critical area of Resistance! COULD this be a Bull Trap ?? I think its possible by the looks of this chart.
So Shib needs to break the .00001212 LVL And then we could see SHIB hit the .00001255 - .00001308 LVL or it will go back and test lower LVLS!
THOSE low areas it might touch could be the .00000989 LVL - .00001047 LVL.
Keep it real out there folks ! :-)
SHIB INU Price Analysis (30 Min Chart)Here's what I'm seeing in today's 30 min chart .
SHIB NEEDS to hold this current area of support around .00001204 IF SHIB Wants to continue on to the upside.If this happens, SHIB will most likely go back up and test the next area of around .00001255 -.00001308. AND then .00001365 LVL will be looking pretty reachable from here.
IF SHIB Cant hold this current Support Zone, we will see the coin drop back down to the .00001140-.00001201 LVLS With LOADS of SUPPORT around the .00000989 - .00001047 LVL .
Thanks for looking!
Have a great day everyone.
✴️ SHIBUSDT | Necessary Retrace (Name Your Altcoin #16 ✅)
Recently, Shiba Inu conquered EMA300 and hit a new high... You can check the 'Related Ideas' below to find this article.
Now that EMA300 has been conquered, SHIBUSDT can move back down to test it as support, this is the tricky part.
The retrace can last a few days, say 1-3 days, just as it can go for weeks.
Prices can drop just a little bit just as they can drop a lot, here it varies wildly and how this pair behaves depends on the overall market sentiment.
The bias and trend remain completely bullish of course.
Bear volume is really low yesterday, on the first red day and low also today, which tells us that the retrace is likely to be short rather than long but still, it can vary everyday.
The broader perspective says additional growth will follow short, mid and long-term.
Namaste.
🤖AI COINS IS GOING TO THE MOON: TRADING PLAN FOR FOLLOWERS🔥🔥Hi, friends! The AI coins are on fire now. ChatGTP, OpenAI (Elon's AI company), and Microsoft AI events are the main topics of the last month. Today they are pumping the most.
🚩 I recommended to but NMR a few days ago, which is already makes +50% in a 3 days. So this idea will be for my followers who already miss the AI trend, but want to enter the market.
OCEAN is the top gainer of the last days (+275% in a month). It already reaches the strongest resistance: 2 global trendlines and a HUGE value area. If it brakes them now, I will try to find the entry point to long.
📊 MY TRADING PLAN FOR OCEAN:
1. close above all the resistance and test it as the support(!)
2. huge buy orders during the test of the levels as the support on DOM and Footprint scalping tools. These indicators help me to identify the whales and open the trades with them
3. bullish BTC and ETH is the must-have
🚩 The most accurate signal to sell is the volume huge spike. In almost 100% it was the top of this altcoin.
✅ MY TARGETS FOR OCEAN:
🔥$0.75 - the closest key level
🔥$1 - key level and even number
if BTC continues to grow, highly possible that OCEAN will reach the ATH this year.
Traders, what do you think about the hype around AI tokens? Do you make money on it? Show your most profitable trades in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
$Bone ties with $SHIB is GOODJan 5th we spoke on $BONE
"Like $BONE, have some
Has outperformed its daddy $SHIB lately
Much smaller mkt cap, great fully diluted & significantly smaller supply
Still way off from highs
IMO if not in, buy on pullbacks
Weekly looks healthy
TODAY
$BONE still pumping
$SHIB #BONE #crypto
SHIBUSDT, new upward trend! 📈🦬 UpdateHello guys, This is an update of previous analysis (blow link), Everything is explained on the chart for you like always. Shiba has been in trade range and accumulation and broken its descending trend as we expected. For now under resistance base 1525-1585 which you can save your profits or manage your positions to reach the first target because of BTC's situation. The main targets will be 17 and 28.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
Will Shiba Inu start growing again❗️❓🦊In response to the question I raised in the title of this post, I must point out some points that may help you choose Shiba Inu in your portfolio.
The good news for Shiba Inu is that it was able to make a Higher Low (HL) on its chart, as well as break its important downtrend line. But since the Shiba Inu is currently moving near the PRZ(Price Reversal Zone) and the downtrend line, I expect Shiba Ino to push back to the important downtrend line in the coming days and next week.
Another good news is that if Shiba Inu can break the PRZ zone and the important downtrend line to the top, there is a possibility of creating a fan principle at the bottom pattern, which is considered one of the classic reversal patterns, and it is possible that Shiba Inu will start its uptrend again with this pattern.
If the Shiba Inu can make a daily candle above the heavy resistance zone & 0.000018USDT, then I expect the Shiba Inu to make 😱200%😱.
Shiba Inu Analyze ( SHIBUSDT ) 2 days Timeframe ⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
position for SHIBhello guys...
shiba made a cup and handle pattern, rise up, and after that made compression and formed a triangle pattern as well.
now shib hits 2 times the top and bottom line of this pattern.
be ready for breaking up and after that based on breaking get positioned in the same way!
always do your own research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comments.
Altcoins maintain inverse relationship, look at MEMECOINS!Interesting
Majority of #altcoins were lower for most of the day
Except $JASMY!
$BTC opens, goes LOWER & many #altcoin go UP!
Granted, not by much but the inverse is amazing!
#memecoin MOVING
$VOLT $SHIB are we at the last stages of this run?
Not good for bottoming
SHIB USDT BINANCESHIB is following a longer term uptrend (white line).
Before continuation there should be volatility up and down leaning more downward to the white line.
A safe long would be to 1783 resistance (short long).
Looks like at the moment we want to go back towards the white uptrend line.
Could buy in around 1302 support.
RSI is going to now look for support after that big pump SHIB has done these last couple days.
This isn't financial advice and you should DYOR.
Thanks for following.
Please like, share and comment any ideas.
Shib sitting up or rolling over?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
From an Elliott wave stand point, there is a potential that this move up is just a larger move with in a correction. A blast off or a nice corrective pattern internally retracing this move could be a nice entry for a long. Only thing else I could see is it may be being in the midst of some kind of Diagonal. Also drop some Median Line Trading principle in there as well.
As long as the last pivot holds "price should return to the median line approximately 80% of the time."
Theses levels on watch in case of a pull back.
Cheers!