BTC_USDT(Huge Support Zone)Huge support area as we see on bitcoin chart, think from this support will continue to upside, long trade...Risk reward ratio 1:4
Volumeanalysis
AUDUSD low risk for shortHi guys!"
AUDUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
SWING EUR/USD 1D timeframe 💶The two specific levels mentioned are 1.03462 and 0.98358, which are referred to as support zones. These levels are important because they represent areas where there is significant demand for the currency pair.
🔴🔴🔴
In this scenario, My trade is entering a short position on the EUR/USD currency pair with an entry point of 1.06197 and a stop loss at 1.07967.
This means that I'm betting that the value of the EUR/USD will decrease.
Happy trading guys :) B
RIOT - Adam and Eve pattern in the making?RIOT appears to be forming an Adam and Eve pattern (8 months in the making now) with the stock flirting with the 200 day moving average since 30 Jan this year.
What is worth noting was its volume pattern since the start of this year: higher volume up days (accumulation) vs lower volume down days (distributions). A tell tale sign that the stock is probably on investors' radar rather than shortists' at current prices.
While it is tempting to long the stock at current levels, there is still risk that the stock could continue to trade sideways for a (long) while more. I would probably wait for a break above 7.78 (neckline 1) to initiate some long positions. Even so, be mindful of headwinds @ 8.67 (neckline 2) and then @ 10.52 (neckline 3).
However, should the stock be able to clear above 10.52 eventually, then it is a stronger signal that uptrend is underway (volatility not withstanding).
p/s buy the dips is also a good strategy once an uptrend is established.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SOL - Beast ready to Hunt ShortersHello my Fellow TraderZ,
Two days back I posted the potential breakout of #Solana which has happened already and price has showed a significant move.
Just look at the VOLUME + Breakout Candle on 4 HTF - Fabolous.
For now I'm Targeting $30. Incase that is broken be ready for the LONG party.
Follow me for the alpha analysis coming shortly.
CHEERS!!! FAM.
Ocean Protocol is ready to explode.IDEAL ENTRY - 0.45
ACTUAL ENTRY 0.49
FIRST TP @ .70
LETTING THE REST RIDE TO ATH
20x LEVERAGE
NO STOP LOSS.
REASONS FOR TRADE-
ACCUMULATION DISTRIBUTION x RSI x VOLUME indicators signalling bullish to me. all of these plus price action has simply made me optimisic and highly confident in gains from my entry of 0.49
GOODLUCK
The correctional rally is about to endThe upward correction of wave C is about to end, from which another large decline will begin
GOLDEN CROSSToday, Medipharm Labs's 50-day moving average line crossed above its 200-day moving average line, forming a GOLDEN CROSS, a STRONG BULLISH signal.
Today, the stock went up by 13.33% on more than 4 times average daily volume.
Tradingview's technical analysis summary is BUY:
www.tradingview.com
GLTA!
GBPUSDThe last corrective rise is expected to be completed by a wave four , then the strong descent of the last wave five, and it is possible that it will not break the bottom of a wave three or a false break due to the strength of the rise of the strong wave four
Bitcoin: Price and Volume Are Bullish! 🚀 Buy Signal ConfirmedA Bitcoin entry here is ideal for a long-term hold for this new 4-year cycle.
⭐ Price = Result
⭐ Volume = Effort
The Weekly price action is above resistance and the result is confirmed by On Balance Volume moving above its 21 Week Simple Moving Average.
Bitcoin exited a rising channel, drop to $20K?Bitcoin just exited a channel on the 1 hour time frame. Volume appears to confirm loss of demand at the $23,000 level.
Hopefully, $BTC finds support at $20,000!
SNAP - could be emerging from baseSNAP plunged 10.3% on 1st Feb after announcing yet another quarter of dismal results. However, what happened after that is interesting.
The stock began to recover steadily in the last 3 days on good volume, a stark contrast to the correction the general market was experiencing. This exhibits "hidden" strength / support for the stock.
There is a good chance it is going to test a critical neckline @ 12.94 in the coming days. Should it begin to break above this neckline and also the 200 day MA, then the odds are good then it has entered into a recovery phase.
Let's wait and see.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
GBPCADThe support area is very clear for the Canadian pound - I think there will be a slight decline below the entry point, and then it will rise again
User Request: How to Set Pull Back Alert on Bull Bear Power VoidOne of the users following me asked a really good question.
Thanks @Manu45e for this one. Its actually a really important thing to know about.
This will help you understand when a pullback is over and its time for a continuation trade.
1. Wait for HTF Volume to cross down below the ZERO level
2. Wait for Volume to turn BLUE while still below ZERO
3. Wait for Blue Volume to cross ABOVE the zero level
4. You need to already have current volume above the Bullish side of the VOID
Continuation trade confirmed.
For this you are going to need one indicator.
The Bull Bear Power Void
Make sure to click the image below and also click the BOOST button on that page to make it popular.
Here's the indicator
TOST - Emerging from BaseTOST hit bottom 8.5 months ago on 12 May 2022 and began a 2 stage basing, lasting 3 and 5+ months respectively (pink and blue box shown on chart).
During its basing, there were high volume accumulations on numerous occasions.
Stage 2 basing occurred over 5.5 months with the stock whip-sawing around its 200 day moving average until the MA is no longer downward sloping but completely flat now (and ready to turn up...).
Yesterday the stock finally pierced above the a critical neckline @ 22.50 and has remained above so far. The odds of this being a successful breakup is much greater now owing to the shift in overall market sentiment.
An aggressive trader would enter on the breakof the neckline (Entry 1) with initial stop loss placed just below the most recent pivot low @20. The more conservative trader could wait until the uptrend is slightly more established and enter at #2.
Watch out for earnings expected on 14 Feb.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
LTC/USDT (Litecoin) - looking bearishlitecoin ltc/usd technically looking bearish
if they achived thier buy zone i am seeing some confluences before taking trade
risk to reward ratio 1:6
(XRP) Could catch a falling knife with this beautiful confluenceIf this local potential bear flag plays out exactly to the dollar on a resistance that is a directly on a trend line, a daily S/R level and some fib levels with market cipher b showing 1 hour divs and lower timeframes showing clear bullish divs as price hits the level it could make for a nice trade as XRP clearly likes to drop quickly and come back up.
Some potential range scalps/Day tradesContrary to my other post price could just come up to the top of the range into the resistance of a 0.886 fib level a monthly s/r and a naked daily point of control. If this can happen with mid timeframes showing momentum divs and money flow continues down price is likely to come back into the value area and down to the low of the range where it could either once again bounce back into the range or continue lower creating a lower low.
How to double your small ($250) trading account trading Bitcoin How to Double your Small ($250) Trading Account Trading Bitcoin
I started a degen account with $250 and almost doubled it in 4 days making about 6 trades. This strategy is not Financial advice and I'm only illustrating what I have learnt trading this way. This is the first video in the series and I'll be continuing the series , updating you on progress, winners, losses, my trading journal and some live trading, so make sure to Sub, like comment and share.
I show you how I entered my current trade, where I am looking to take profits and show you my pnl on Bybit.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
SPY FED BLACKOUT I don't have a solid prediction on direction going into tomorrow on SPY.
Im trying to stay neutral due to the daily candle being a absolute banger of a gravestone Doji....The line in the sand, the weird moment in tug of war when both sides are at a stand still and the wining team makes there move.
I am feeling like the bears will win this overall, however im also seeing quite a bit of buy pressure on the smaller timeframes. So I could see spy pushing up to the low 399 area and then making a continued move up , or a fast rejection of that level for a blow out back down to low 385 range.
This is a FED black out week , and major earnings week so I do predict this week will be pretty choppy with a lot of give and take on gains / losses.
Again im staying neutral and might not even trade tomorrow.
The main thing i will be looking at is the 9ema , and the 5sma getting pulled to the point of control as shown via volume.
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break,
the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance
for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final
target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target
one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and
expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another
is to take a long trade on the inverse ETF SOXS.
Squeeze on watchVERU has a huge volume gap, 23% short float, cup and handle on the daily, with earnings coming up within 3 weeks. Might see some covering going into earnings.
