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Volume Indicator

BNBBTC Dynamic Resistance|Double Bottom|200MA|.618 Fibonacci Evening Traders, Today’s Analysis – BNBBTC- establishing a double bottom and respecting its 21 MA, daily resistance will be the immediate target when price breaks range. Points to consider, - Dynamic resistance breached - Strong support confluence (Retest area) - 200 MA current resistance - Oscillators above 50 - Volume below average - .618 Fibonacci long entry BNBBTC has breached its dynamic resistance with a valid retest. This retest had multiple technical confluences, proving to be a strong support with a bull impulse move. Current local resistance is the 200 MA, BNBBTC needs to establish this as support for further upside momentum. Oscillators both are above 50, signalling bullish bias in the immediate market, this is likely to remain as long as price is in the upper range. Volume is below average, BNBBTC needs increasing bull volume when breaking key levels, this helps avoid false breaks. Overall, in my opinion, a retest and hold of the .618 Fibonacci will allow for a valid long with defined risk. Price leaving the range will make the immediate target daily resistance, this will change the overall market structure. What are your thoughts? Please leave a like and comment, And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Long
by AzizKhanZamani
5
XLMUSDT Neckline Resistance|Inv. Head & Shoulders|Volume InfluxEvening traders, Today’s Analysis – XLMUSDT – breaking its neckline resistance, a retest will allow for a long entry with defined risk. Points to consider, - Trend bullish (higher lows) - Macros resistance breached (H&S Neckline) - 21 MA support (visual guide) - Oscillators overextended - Strong volume influx - Neckline retest (long entry) XLMUSDT’s immediate trend is bullish by establishing consecutive higher lows, a higher high has been confirmed by breaking neckline resistance. A retest of the neckline will confirm structural S/R Flip, solidifying the level and allowing for a risk defined entry. The 21 MA is immediate support; this can be used as a visual guide for trend continuation. Oscillators are both in overextended regions; a retest of the neckline will direct them back to neutral territory. Volume influx has been significant on the break of the neckline resistance. This indicates a true break of the level, continuation is highly probable. Overall, in my opinion, a long trade is valid with defined risk; an optimal entry will be at the neck line retest. The 21 MA is to be used as a visual guide for the trade. What are your thoughts? Please leave a like and comment, And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
Long
by AzizKhanZamani
14
Silver Yearly Resistance|Market Structure|Price Action|S/R FlipEvening traders, Today’s analysis – SILVER- breaching a key technical level, price acceptance will increase bullish bias. Points to consider, - Macro Resistance - S/R Flip for validation - Market Structure (higher high needed) - RSI above 50 (not overbought) - Stochastics overextended - Retest long entry Silver has breached a key level, breaking yearly resistance with conviction. Back testing this level will solidify it as support allowing for a long entry with defined risk. Silver needs to take out the recent swing high (red line), this will establish a higher high, first sign of a probable trend change. The RSI is above 50, not overbought whilst the stochastics is trading in the upper regions. This suggests there is still further momentum stored to the upside. Furthermore, candle closes above macro yearly resistance will show price strength, taking out highs will be bullish. Overall, in my opinion, a long trade is valid upon an S/R Flip retest at yearly resistance. holding this will make the immediate target, weekly resistance. What are your thoughts? Thank you for following my work! And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee,
TVC:SILVERLong
by AzizKhanZamani
2
LINK Macro Channel| Overthrow| 4.23 Fib Target| Mean Reversion Evening traders, Today’s analysis – LINKBTC – price in discovery mode breaking above resistance, a mean reversion is probable. Points to consider, - Price discovery - Over throw (Resistance) - Mean confluence ( 2.618) - Oscillators overbought - Volume increasing (Volume climax needed) LINKBTC’s trend is in a channel, clear respect of support and resistances. This gives us a bias of a mean reversion to the trend. The channel resistance will establish an overthrow if price respects the 4.23 Fibonacci extension, common in trapping long buyers. An impulse sell is likely to the mean (support) which is in confluence with the 2.618 – LINKBTC may establish a range here. Oscillators are both overextended, indication that the market will be due for a pull back at some point. Volume is increasing; a volume climax is needed to mark a temporary top, which is logically most probable at the test of the 4.23 Fibonacci. Overall, in my opinion, LINKBTC is likely to respect the 4.23 before a reversion, this will establish an overthrow. Top fishing plays are valid here with defined risk. What are your thoughts? Thank you for follow my work! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
BTCUSD Long|Dynamic Support|Local Resistance|Apex|Low volume Evening Traders, Today’s trade analysis – BTCUSD traveling into its apex, a long trade is valid upon breaking local resistance. Points to consider, - Macro trend bearish - Dynamic support respected - Local resistance converging - RSI respecting trend (overlying resistance) - Volume below average - Valid long with defined risk BTCUSD’s macro trend is bearish with consecutive lower highs; this gives us a bearish bias on the overall market. This long trend is based solely on interim level and price action. The dynamic support has been respected enough to solidify its significance, price breaking below will negate the trade. Local resistance is converging with the dynamic support; this places the market in an apex where a break will be imminent. The RSI is respecting its trend line with overlying resistance, a break will coincide with price action. The volume is trading below average; this is an indication of an influx as price is at key interim levels. Overall, in my opinion, a long is ONLY valid if price breaks above resistance, price action must show strength. The formation resembles the psychology of a probable ascending triangle which only validates breaking its resistance. A break below the key dynamic support will negate the trade set up with the immediate target then being daily support. What are your thoughts? Thank you for following my work! And remember, “Take your profits or someone else will take them for you.” – J.J. Evans
Long
by AzizKhanZamani
5
ALPHA ASCENDING TRIANGLE WITH KEY VISUALS & TAKEAWAYS New alphabet strategy coming into play: we'll see how the weekend price action reacts and go from there. Don't FOMO short a potentially reversal in market trend (bullish market) Remember to be aware of weekend scam wicks in both directions, and it looks like this morning we might've seen the drop. SO, we might see some upside price action today. Or maybe the downside stop hunts aren't finished. SMASH the like button if you liked this specific chart. 👍👍👍👍👍
BITFINEX:BTCUSDLong
by Yurlo
4
BULLISH & BEARISH BIAS W/ STRUCTURAL INTEGRITY + VISUALS This is a mind game played by top whales with millions & millions. The second you think the market is going to go one way, it tends to go the other...why you ask? Whales move the market in the direction that most of "traders", retail, FED, and other parties are routing for it to go. A simple reversal is all it takes for your previous bias to be wiped away in 2 seconds. It's important to consider both sides. In order to be a whale, you need to think like one: This statement tells me whales will not want to sell their bags at 9000 - 9480 area (previous wick high on daily) because they want to make money and not lose it. The smart money has bought their bags at a very low price and you think they'd want to sell it at this level and short it back to where they bought at? Mathematically, this makes absolutely no sense & this game just isn't about TA's and trading in exchange. There's a whole other world of physiology involved and if you think otherwise whales will eat you for breakfast until you give up and quit. (over 90% of traders fail) In conclusion, no we're not at the top and yes I strongly believe at least short term (maybe medium possibly long term) we've already bottomed out and whales are planning their next significant move to the upside. Good luck going into the weekend, be smart, and ALWAYS stick to your trading plan. (second-guessing it will have you trading emotionally and that's how whales eat you for breakfast like they are hungry for). If you enjoy this post, SMASH that like button & leave a comment on your thoughts behind the price action we've seen this week. 👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
BITSTAMP:BTCUSDLong
by Yurlo
3
BTC Short| Dynamic Resistance|.618 Fibonacci| Bearish DivergenceEvening Traders, Today’s Analysis – BTCUSD- at key technical level where a short trade is valid with defined risk. Points to consider, - Rising wedge pattern - Local support (technical target) - Dynamic Resistance - Oscillators bearish divergence - Volume below average BTCUSD is trading in a probable rising wedge with the technical target in confluence with local support. Resistance is strong with multiple technical confluences, which are the .618 Fibonacci and the dynamic resistance. Price closing above these levels will negate the trade. The oscillators both have bearish divergence; this shows weakness in the current price action. Volume is below average, a influx is highly imminent as this is a technical trade location. Overall, in my opinion, a short trade is valid with defined risk above recent high. The break needs to be backed with volume for confirmation, it is also important to keep in mind that breaking north will most likely be a short squeeze. What are your thoughts? Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
COINBASE:BTCUSDShort
by AzizKhanZamani
6
LINKBTC Range Resistance|Stoch Equilibrium|Declining VolumeEvening Traders, Today’s Analysis – LINKBTC – trading at key high time-frame levels, breaking above range resistance will lead to a blue sky breakout. Points to consider, - Trend bullish (consecutive higher lows) - Key Dynamic support - Range resistance (Pivot Point ) - RSI above 50 - Stochastics equilibrium - Declining volume Links weekly structure is bullish with consecutive higher lows respecting its dynamic support. Breaking this support will increase the probability of testing the range midpoint. Range resistance is a pivot point on the chart, weekly candle closes above this level will be bullish, historical price action has never closed, only managed wicks. The RSI is trading above 50 which has been maintained for over two years, breaking this level will be notable and bearish. Stochastics is trading in a valid equilibrium; price action will be backed with momentum as the stochastics breaks from its apex. Volume is clearly declining which is an indication of a breakout being imminent. Usually high time frame level breaks are backed with increasing volume. Overall, in my opinion, LINKBTC is at a pivot point on its chart, breaking above range resistance will increase the probability of a blue sky breakout. Price action needs to be backed with increasing volume for confirmation. What are your thoughts? Thank you for following my work! And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
Long
by AzizKhanZamani
4
BTC Short Trade|Rising Wedge|Resistance Confluence|Price ActionEvening Traders, Today’s Analysis – BTCUSD – a short trade is valid at major resistance confluence Points to consider, - Dynamic resistances converging - .618 Fibonacci objective ( bearish resistance of dynamic resistance) - Price Action in a Rising Wedge pattern - Stochastics divergence - Bull impulses (No follow through) The .618 Fibonacci is the objective for this trade; price is likely to wick there for a liquidity grab as this is a clear trade location on the chart with key dynamic resistance confluence. Price Action is currently trading in a rising wedge which has a greater probability of breaking down. The stochastics has a valid bearish divergence, which has technically played out; this shows weakness in the market. Furthermore all bull impulses have been sold into, another impulse above local resistance is likely to be a wick into the .618 Fibonacci area. Overall, in my opinion, a short trade is valid at the .618 Fibonacci. The immediate trend is bearish; any rallies are to be sold into until the recent high is taken out at around $9796.5 What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
BYBIT:BTCUSD.PShort
by AzizKhanZamani
9
GPBUSD Support Zone| Double Bullish Divergence| Impulse Sell Evening Traders, Today’s Analysis – GBPUSD- trading at local support after an impulse sell. A retest of local resistance is probable to put in a lower high. Points to consider, - PA Double Bullish Divergence - Local Support (Trade Location) - Local Resistance (Immediate target) - Oscillators diverging - Volume below average GPBUSD is establishing a probable bullish divergence at local support. This is a valid trade location with the immediate target – local resistance. If price fails to hold this support, the down side target will be daily support The Oscillators are both diverging from price. This is an indication of the short term momentum shifting; a swing low failure will confirm this. The immediate volume is below average, an indication of an influx being imminent, especially at a trade location. Overall, in my opinion, a bounce is probable due to the bullish diverging playing out. A long trade from this area is valid into local resistance with defined risk. What are your thoughts? Thank you for following my work! And remember, “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.” – Jesse Livermore
Long
by AzizKhanZamani
QTUMBTC Trade| Range Pivot|Hidden Divergence|Neckline ResistanceEvening Traders, Today’s Analysis – QTUMBTC – Testing range midpoint in an extended descending channel , PA is at trend pivot . Breaking bullish will establish a potential right shoulder, breaking bearish will make the immediate target, range support. Points to consider, - Trend trading in a channel - Midpoint (Local support) - Range resistance (neckline confluence) - Hidden bullish divergence ( RSI ) - Volume profile in synch with H&S QTUMBTC has been trending in a channel with the local support being respected, (range midpoint). Holding this area will establish a potential right shoulder in an H&S pattern. The range resistance is a key pivot ; breaking above this will confirm the chart pattern. QTUMBTC has a hidden bullish divergence ; price action at current level will confirm its significance. The Volume profile is in synch with the potential head and shoulders pattern. Breaking the neckline will need volume follow through for confirmation. Overall, in my opinion, QTUMBTC is at a pivot point in the chart. Price Action here will dictate the next directional move. Breaking bullish will confirm the pattern and trend change. Breaking down bearish will make the immediate target – range support. What are your thoughts? Thank you for following my work! And remember, “Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
by AzizKhanZamani
3
USDCAD Short |Rising Wedge|Resistance Confluence|Daily SupportEvening Traders, Today’s Analysis – USDCAD – trading in a probable rising wedge pattern at local resistance, breaking down bearish will be a short opportunity. Points to consider, - Trend Bearish ( Consecutive lower highs) - Daily support respected - Local resistance confluence - RSI wedge - Volume tapering off USDCAD’s overall trend is bearish with consecutive lower highs; local resistance is the next trade location. This area has multiple technical confluences, the .618 Fibonacci and market structure allows for a valid short with defined risk. Daily support is the trend target if price action was to break bearish The RSI is also trading in a wedge pattern, breaking down bearish will confirm weakness in the market, the trend is likely to continue down. Volume is tapering off and remaining below average. A volume spike is probable coinciding with a break of the wedge. Overall, in my opinion, USDCAD is likely to respect local resistance. A short trade is valid into daily support with defined risk. Breaking down from the wedge must be backed with increasing bear volume for follow through. What are your thoughts? Thank you for following my work ! And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
Short
by AzizKhanZamani