MATIC - Beautiful Wyckoff Reaccumulation Flag w/SpringCRYPTOCAP:MATIC
This Matic flag w/spring has played out many times before within this pair with the same volume profile after sweeping the highs and the lows.
What we love to see is reclaiming support, with declining volume from the highs then coiling into an ABC flag after sweeping the most recent highs prior to the spring is spectacular...
Number Go Up IMO
Volumeanalysis
Breakout in SBINA beautiful ascending channel pattern can be seen in SBIN. It did breakout, retraced and then fired. we can see some more move
Bullish pattern in RelianceThere is a beautiful price action in Reliance from past 1100 days and We see beautiful support at the bottom and we can see rejections at the top. The breakout is good and after retrace , the volumes are strong and it moved good. It moved 7.7% after retracing for 2 weeks.
XRP/USDT Investment OpportunityWe are considering an investment position in XRP.
After a explosive growth of over 98% in a single day in July 2023, the asset's price reached $0.9378. This was followed by a swift return to pre-spike levels, then a jump from $0.4597 to $0.7490, resulting in a significant increase of over 60%.
Currently, the price has returned to the reversal zone, representing the upper boundary of a long consolidation period that lasted for a whole year. During this consolidation period, there was high trading volume, indicating significant attention and activity from large market participants.
In light of the current market dynamics, we are analyzing the possibility of acquiring the asset within the consolidation range for long-term holding. In case of further price declines, we also consider additional purchases of XRP, complementing our portfolio in line with current trends and prospects.
This strategic decision aims to capitalize on potential growth opportunities and ensure portfolio stability amidst market volatility.
BITCOIN Bearish Wyckoff Distribution 🚨 Supply in ControlWhales have been manipulating Bitcoin in a Wyckoff Distribution schematic since 12/5/23 (before the GBTC and FTX sell off.)
Currently:
🚨 Bitcoin dropped below bottom of Trading Range to create a Sign of Weakness in Phase D.
🚨 Bitcoin flipped the bottom of the Trading Range at $40,150 to resistance and created its final Last Point of Supply for shorts to enter.
🚨 With the CME Gap Fill, GBTC and FTX sell offs, Bitcoin is soon entering Phase E: Supply in Control where everyone realizes there is little chance of a bounce and everyone panic sells.
Bitcoin Wyckoff Distribution Returns 😱After the Bitcoin ETF was approved there was a 2nd Upthrust After Distribution to test remaining demand.
🚨 Supply was dominant and within 24 hours it was a "buy the rumor, sell the news event."
🚨 Bitcoin re-entered the Wyckoff trading range.
🚨 A small bounce created a Last Point of Supply, which is the ideal entry for a short position.
UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart,
it has been on fire this week picking up 30% in market cap showing explosive volumes
at 5X and sustained. The past two days have been rest and recuperation in consolidation.
The zero-lag MACD suggests there is more upside in the near term with a line cross under a
histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from
80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at
present. I will take a long position here which may be risky at nearly 2 standard deviations
above a rising mean VWAP and extended from the POC line of the volume profile but the
supertrend indicator is showing a stepped rise and that is good enough for me. I have a
new position in UEC a penny energy stock in the uranium subsector.
Uninspiring Technical Patterns Ahead of NFLX EarningsLike many others, NASDAQ:NFLX has shifted to a wide sideways trend ahead of its earnings report today after the close. There is no pre-earnings run here. Current volume and price trend are not patterns that inspire a good earnings surprise.
HFTs are always watching news ahead of open on high-profile stocks to get ahead of retail market orders. A gap is likely at tomorrow's open.
SIRI is pulled back for a LONG entryOn 1 120 minute chart, SIRI is now well positioned having tested the support of
two sets of VWAP bands anchored back two earnings periods and so 3 months apart.
The mean VWAPs are confluent and so form strong support. I expect the price to
return to the early December high and test that level. In the past day a buying volume
aberrant spike was printed. The MACD lines have been crisscrossing under the histogram
signaling support of the cons9olidation of price with a series of Doji candles before the
final engulfing green dandle. Of interest, the next expiration of the options is February 16th.
On that date the dominant option strikes are %5.00 , %5.50 and $6.00
$5.00 is the present level for the strong support of the confluent mean VWAPs aforementioned
It is in this range that I will join the options activity for the time being. I will take a few calls
at each strike level as they are presently priced at $ 12- $ 32 per contract. I will also
take 10-20 shares of stock in a short position to provide a little risk-off hedging.
Looking Long! Heavy Support formed, while in a triangle.Compare this Chart to BTC2 as per my X post, we can see a big base o support formed with volume, price traded around that POC support, then brokeout nearly 80%. I am expecting at least a breakout, % wise, who knows with these low vol alt coins.
BEAMX/USDT Trading IdeaBelow is a speculative idea for the BEAMX/USDT coin pair.
After reaching its historical maximum in mid-December at a price of $0.027332, the asset experienced a correction, resulting in a decrease of more than 38%. Following the completion of the correction, there was a consolidation phase.
At present, a resistance level has been identified at $0.023531. Additionally, an inclined support level has been detected, indicating stability in the asset within this price range.
As part of the trading strategy, we anticipate a potential third approach of the price to the resistance level at $0.023531. If this scenario is confirmed with active trading near this level, we consider entering a position with the goal of surpassing the resistance level and further moving towards the historical maximum, potentially leading to a 15% increase.
In the event of strong market support, there is also consideration for breaking the all-time high at the price level of $0.027332, which could be viewed as a potential entry point.
LINK - Sweep The Highs, Then The Lows ,Then Up.#Link
Another beautifully deceptive flag that sweeps the highs then down to the lows, perfect for milking emotional retail.
Another time based flag whipsawing fear into the leverage, cheek clinching group of retail Traders. First convince them to long then to short, then up.
Sweep the highs -> sweep the lows -> grind up past support -> bounce off heavy support -> Up
TSLA Bullish Volume DetectedTSLA on a 15 minute chart is showing bullish volume trend as detected by the Unusual Market Volume Detector indicator.
Green color showed up after consistent Red for the last week or so. The bullish Price Action is consistent with the bullish volume trend. Watch out for any Divergence i.e. Purple color in the lower panel. More importantly what color shows up after the divergence will be the key.
TSLA - Technical AnalysisPrice Action and Volume analysis for TESLA chart as of 10-19-2023
Long term trend is still bearish with short term retrace back close to the TrapZone is possible in a near session.
NFLX _ Volume AnalysisNetflix was being accumulated well prior to the POP> Check out how Unusual Market Volume Detector Identified the BUYING after Price divergence on the 12th OCT.
Selling resumed Today in NFLX/ NetflixIt is profit booking for sure, there is clearly a Red TrapZone and Red UMVD in place for now. So only shorts are active now for Netflix.
TrapZone and UMV combined together are complete automated technical analysis indicator package. You get to clearly see in Realtime the market trend strength and volume confirmation.
Apple has trapped buyers ?See the green UMVD which is now turning purple, that means divergence - Now we are below RED TrapZone and if we get RED UMVD now AFTER DIVERGENCE - We will start selling further Down.
BankNifty futures may test the Support areaFutures seems to have broken the resistance, but is seeing selling at the moment. So I belive we will see and test the Support now.
TSLA Showing Distribution patternWatch out for Buying at the tops, that promptly follows with selling.
We are going to correct the S&P500 and other indices so be careful if you are long TSLA
* UMVD is red and so is Market strength indicator. Prices are stuck under Red TrapZone*
HDFC goes down - Price action & volume confirmWe see Trapped buyes on the way down.
Wait for Green TrapZone & Green UMVD for buying opportunities.
RIGHT NOW TREND IS DOWN
price & Volume says SBI is retracing fastPrice now trapped under the RED TrapZone and UMVD also shows selling in the market. So TREND NOW is lower wait for green TrapZone and green UMVD to signal up moves
Coal India Retracing with Moderate DowntrendAs long as Price stays below Red TrapZone we are in downtrend.
Watch for Market Trapping buyers every time price pops higher. use UMVD to see this.
Gold Has buyers supporting UMVD picked up Green/ Buyers in GOLD futures around the 29th. Prices have stopped falling and got support here. Lets see when the prices hit the resistance level marked. Watch for Red UMVD at that time
