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Volume Indicator

Diverging 3 Day MA Price Channel and RSIQuick chart showing two recent trends. On the left you see a 3 Day MA BTC price channel trending up while the daily RSI trends down, leading to the May Crypto Crash. On the right you have a 3 Day MA Bitcoin price channel trending down while the RSI trends up. An additional observation is that both trends coincided with waning volumes. Waning volume can indicate tired trends. Combined with the Bollinger Squeeze, Bitcoin seems coiled for a big move. Macro Long, Micro Agnostic. Follow us on twitter at @CoinBumpChart for more insights.
COINBASE:BTCUSDLong
by talexander0723
Gbpusd sell 70 pip gain This is an easy decision to sell with all this momentum and buying pressure we are seeing. I expect it to hit 1.37000 but we will take profits a bit earlier. The bulls have lost buying power and now the bears are taking control of the market. Time after time, the bulls failed to push price up and break any of the trend lines I have set in place. But now we got a beautiful fall in price. I expect a slight pull back but nothing enough to exit a trade.
Short
by TheGiovannie
JSE:SOL Sasol Time to Let it GoWe have been following Sasol sins the climax lows in 2020 indicating a target of R200 - see the progression of posts below. We have reached the target and now we are seeing active signs of distribution. After a climax in March, there was a strong secondary test but the next upthrust (UT) on volume made no progress (Effort without Response) indicating selling by the big players. A change in character was seen in June with an increased downward spread on volume making signs of weakness (SOW). The latest attempt to rally could not break the 50SMA and after a key reversal bar, it is time for Sasol to drop potentially retracing all the gains of the last year.
JSE:SOLShort
by SteynTrade
4
BTC wyckoff Accumulation back in 2015I think taking a look at the past is one of the best ways to predict the future. History repeats itself over and over again. Wyckoff always emphazised Volume as the best Indicator. He also challenged us to ask ourselves "what is the composite man doing right now?" I think he was spreading FUD like crazy, while accumulating Phase C Remeber what the Spring aka Shakeout is: It’s usually the last attempt of the Composite Man to acquire shares at cheap prices before the mark-up move. Creating selling pressure forces retail traders to think that the current trading range will end in the mark-down movement (along with FUD) and exit or reverse their positions. The Composite Man waits for breakout to create enough liquidity and then rapidly covers all available supply resulting in price getting back into trading range. Test: A small retracement to check if there is enough support at the bottom of the trading range after a shakeout. The Composite Man stops his buying pressure (as we see on VOL) and checks if the market has enough demand to not let price fall below the trading range. If so, the market is ready for the mark-up move. If not – the Composite Man continues his accumulation of available supply Phase D LPS: is the reaction after a Test rally. It usually retests previous levels which were considered a resistance. These reactions are usually quite slow and have no volume (as we see right now!) Right now for BTC the VOL should stay low, because the Institutions stopped buying and manipulating, to check if the retail is ready to push the price up, or if there is any major selling pressure. This might take a while and might be a little more back and forth than in 2015. Once we break above 40-42k and CONFIRM it as support the Volume will come back in and from their we good.
INDEX:BTCUSDLong
by maxwayne23
1
JSE:J200 Effort Without ResponseThe Top40 has been on the rise since the covid lows, however, we can now see some cracks and we could be in for a correction back to 53000 for the rest of the year. My reasoning is as follows: - The buying climax (BC) of the latest trading range could not make it back to the overbought line showing a lack of interest. - Divergence on the RSI leading into the BC shows the interest to push higher is gone. - The effort (increase in volume) with each attempt to push higher could not make higher highs. Based on this it looks like that a break of the trendline could open the path for a drop back to 53000
JSE:J200Short
by SteynTrade
6
Helium going to hold support ? Helium (HNT) is at weekly support. Not far above the point of control of this range. This is a nice time to ladder into longs. if prefer to wait until the point of control or even the weekly that lines up with te value area low (VAL). I'm going to set alarms at these point to asses if these places are goog long opportunities. But al that mathers offcourse is BTC. if the big lady is going down or up , alts can only follow. Shorts at the value area high (VAH) and daily, with the golden zone looks like a confluence zone.
H
by sauzerd