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BTCUSD (SHORT): Navigating the Rising Wedge A Strategic ShortTo tell you how much I was devastated when I posted my last idea and it did not play out. I admit my mistakes and that's how we all grow. I am no perfect guy and I am just here to take time and look at the charts. Sometimes looking at it for too long makes everything a bit emotional. It reaches to the point where my own opinion are not being followed and had no time to update everyone. So... here it is... In the intricate dance of supply and demand... Bitcoin currently presents a choreography that technical analysts might recognize as a rising wedge (that's the market sentiment now). This pattern typically heralds a bearish sentiment and is often seen as a precursor to a price descent. Here’s why the current formation could spell a retreat to the $31,000 region, strengthening the thesis for a potential short position: 1 The Rising Wedge Formation: Historically, the rising wedge is a bearish pattern formed by a price consolidation that results in a tightening range with a slight uptrend. This pattern indicates exhaustion in buying pressure and, upon completion, often leads to a sharp reversal to the downside. 2 Trading the Break: A classic approach suggests entering a short position after a clear and impulsive close below the lower trendline of the wedge. In our current BTCUSD scenario, this would indicate a rejection of higher prices and could validate the bearish outlook, eyeing the $34,800 level as an initial target. 3 Retest for Confirmation: A retest of the lower trendline post-breakout offers a second entry point. This method capitalizes on a smaller stop loss placement, providing a refined risk management strategy. An impulsive rejection after the retest would further confirm the bearish momentum. 4 The Upper Edge Strategy: My preferred method involves initiating a short near the upper trendline upon identification of a compelling sell signal. This offers an attractive entry point with a tight stop loss and a high potential reward, anticipating the inevitable downside breach. Given the confluence of these strategies and the looming wedge pattern on Bitcoin’s chart, the outlook is tilted towards a bearish bias. The ideal short entry at the $34,100 level aligns with the upper trendline touch strategy, providing a compelling risk-reward scenario. Conclusion: Bitcoin’s dance with the rising wedge presents a compelling case for a strategic short. The confluence of the wedge's bearish implication with the outlined entry strategies fortifies our thesis of a retracement to $30,000, providing a prime opportunity for short-sellers to capitalize on the anticipated reversal. Next Steps: Monitor for a clear impulsive close below the lower trendline or a retest rejection. Be vigilant for sell signals near the upper trendline for an optimal short entry. Patience and precision in entry will be key to navigating the potential downturn.
KRAKEN:BTCUSDShort
by osodatsismoso
7
Oversold RSI a sign of gold upside to come ?XAU/USD FUNDAMENTAL BACKDROP Gold prices are trading lower for the 8th consecutive trading day as the US dollar remains bid due to some hawkish Fed commentary as well as an upside surprise on yesterday’s US JOLTs job openings statistic. Once again US labor market strength has been reiterated through jobs reports and will surely add pressure from a hawkish perspective. Throughout the week including today (see economic calendar below), markets will be looking to jobs reports beginning with ADP employment change, jobless claims and most importantly Friday’s Non-Farm Payroll (NFP) print. If the JOLTs job openings trend continues, gold prices may breakdown further. 1803 AREA IS A STRONG SUPPORT Buy @ 1803 SL @ 1875 TP @ 1932 TP @ 1950
OANDA:XAUUSDLong
by Thora-Scalper
HOW-TO: Navigate the Market with the Darvas Box Strategy 🚀 Introduction to the Darvas Box Strategy Nicolas Darvas, a dancer by trade, crafted a unique and potent trading strategy during his global tours, famously turning $36,000 into $2 million within an 18-month timeframe during the 1950s. His approach, detailed in his book "How I Made $2,000,000 in the Stock Market," revolves around the concept of the "Darvas Box" - a method that encapsulates price movements and leverages breakout patterns, all while keeping a keen eye on volume. Darvas sought stocks carving all-time highs and observed their trading ranges, creating a "box" from the consolidation periods. He would buy on the breakout above the box and implement a stop-loss below it, ensuring a meticulous risk management approach. 🛠️ Harnessing the Darvas Box Strategy with Our Script Our Darvas Box strategy script is designed to encapsulate the essence of Darvas’s strategy, providing traders with a tool to not only identify and visualize Darvas Boxes but also to backtest the strategy across various assets and timeframes on the TradingView platform. 🗝️ Key Features: Backtesting Capability : Evaluate the Darvas Box strategy’s historical performance on your chosen asset. Versatile Entry Filters : Customize your entry criteria, ensuring alignment with your risk tolerance and trading style. Volume Analysis : Integrate volume filters to validate breakout movements, adhering to Darvas’s emphasis on robust volume to confirm breakouts. Visual Aids : The script visually plots Darvas Boxes and potential entry/exit points, aiding in swift analysis and decision-making. 📊 Utilizing the Script for Informed Trading Decisions The script is not a 'get-rich-quick' tool but a sophisticated aid to navigate through the markets using a time-tested strategy. It allows you to: Identify and visualize Darvas Boxes on any chart. Backtest the strategy to understand its historical performance. Customize settings to align with your trading preferences. Receive alerts for potential entry and exit points based on your criteria. 📘 Dive Deep with Upcoming Publications In the subsequent publications, we'll delve deeper into the various configuration sections of the script, exploring settings, filters, and optimizations to ensure you can tailor the strategy to your unique trading approach. 🔍 Explore, Analyze, and Trade Wisely While the Darvas Box strategy has its merits, always remember that no strategy is foolproof. Ensure to utilize it as a component of a well-rounded trading plan, incorporating sound risk management and continual learning. 📈 Try the Darvas Box Strategy on Your Chart! Eager to explore the Darvas Box strategy on your own charts? Navigate through the markets with a strategy that has stood the test of time. Click on the following link to learn more about how to apply the script to your chart and begin your journey with the Darvas Box strategy! 👉 Try the Strategy Now! Stay tuned for the upcoming ideas where we dissect the script’s functionalities and showcase its application across various assets and market conditions! Disclaimer : Trading involves risk and is not suitable for every investor. The information provided is for educational purposes and should not be considered financial advice. Always conduct your own research and consider your financial situation carefully before engaging in trading.
NASDAQ:TSLAEducation
by WhiteboxSoftware
Trader's Guide: Volume Range Profile 📊Welcome, traders! In this guide, we'll explore a tool that can significantly enhance your trading skills - the Volume Range Profile. You'll learn how to use it to identify key support and resistance levels, trend reversals, and execute successful trades. 📊💹 Key Learning Points: Understanding Volume Range Profile: The Volume Range Profile is a tool that displays trading volumes at various price ranges. It helps identify where the market has the highest volume and where key support and resistance levels are formed. Volume Analysis: The first step in using Volume Range Profile effectively is to analyze the volume data. Look for price areas with significant spikes in volume as these often indicate areas of interest to traders. Identifying Key Levels: Using Volume Range Profile, you can identify the Point of Control (POC), which is the price level with the highest volume. Additionally, you can spot the Value Area High (VAH) and Value Area Low (VAL), which represent price ranges where the majority of trading activity occurs. Support and Resistance Levels: The POC, VAH, and VAL can serve as dynamic support and resistance levels. When the price approaches these levels, it's essential to watch for potential reversals or breakouts. Trading Strategies: Volume Range Profile can be used in various trading strategies, including range trading, breakout trading, and trend confirmation. For example, a breakout above the VAH may indicate a bullish move, while a breakdown below the VAL could signal a bearish trend. Risk Management: Always implement proper risk management strategies in your trades. Consider placing stop-loss orders below support levels and take-profit orders near resistance levels identified using the Volume Range Profile. Continuous Learning: Practice using the Volume Range Profile in different market conditions to enhance your skills. Stay updated with market news and trends to adapt your trading strategies accordingly. By incorporating Volume Range Profile analysis into your trading routine, you can gain valuable insights into market sentiment and make more informed trading decisions. Happy trading! 🚀📊
Education
by AlexWhale
SHREE RENUKA SUGAR BULLISH SWING REVERSAL NSE: RENUKA SUGAR formed symmetrical triangle chart pattern on weakly time frame supported with volumes. This weak volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.The stock has been moving along the horizontal support for the past few days which is indicating demand.#stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
NSE:RENUKALong
by jps_buttar5353
Palladium Analysis: Is price starting a swing higher? Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also posted a solid session on Thursday. After yesterday’s rally, we have looked at a few things that have stood out in the buyer's favour, but we have also broken down the remaining hurdles and what we want to see from price to confirm the bullish signs. Do you trade Palladium? If so, please let us know what you think of the descending triangle pattern and if you agree with current volume supporting yesterday’s move. Have a great day and good trading.
EIGHTCAP:XPDUSDLong
by Eightcap
18
Can UCAR Power Up?UCAR a stock somehow involved in the EV sector showed its spikeability earlier this month with a 280% run up and has since faded back to about 66% higher than the price before the run up. The question is can it do the same thing again? Price is sitting on the support of the POC line of the volume protile while the RSI just crossed 50 a threshold of sorts for bullish momentum. The MACD is slowly working its way into that momentum with the K/D lines heading towards a cross of the horizontal zero. The relative volume indicator shows that during the price spike mentioned above volume spiked as well. Volume is presently low. I will watch this stock with an alert for volume above the running mean of 10 days. That way I may get an early heads up of possible impending price spiking action.
NASDAQ:UCARLong
by AwesomeAvani
1
The Power of Volume: Understanding Volume Analysis in TradingIn the dynamic world of financial markets, successful traders know that understanding volume analysis is crucial for making informed trading decisions. Volume, the number of shares or contracts traded during a given period, provides valuable insights into market dynamics and helps identify potential trends, reversals, and the strength of price movements. In this Educational article, we will explore the power of volume and its significance in trading, uncovering the key principles of volume analysis, practical strategies for incorporating it into your trading toolkit. 📊 The Basics of Volume Analysis 📊 Volume analysis is the study of trading activity represented by the volume of shares or contracts traded within a specified time frame. By analyzing volume alongside price movements, traders gain insights into market sentiment, liquidity, and the overall strength of a trend. Here are some fundamental concepts to consider: Volume and Price Relationship: Volume often accompanies significant price moves. When volume surges during an uptrend or downtrend, it suggests increased participation and conviction from market participants. Conversely, low volume during consolidations or indecisive periods can indicate a lack of interest or involvement. Volume Patterns: Patterns in volume can reveal important clues about market dynamics. For example, a gradual increase in volume during an uptrend may suggest a healthy and sustainable trend, while a sudden spike in volume near key support or resistance levels could signal potential reversals. 📊 Analyzing Volume in Different Market Scenarios 📊 Volume analysis can be applied across various market scenarios to gain insights into the underlying dynamics. Here are a few examples: Breakouts: When a stock or asset price breaks out of a key resistance level with high volume, it suggests strong buying interest and potential continuation of the uptrend. Reversals: A significant increase in volume accompanied by a sharp price reversal may indicate a trend exhaustion and potential reversal. Volume analysis helps validate potential reversal signals. Divergence: When the price is moving in one direction while volume is moving in the opposite direction, it can indicate a weakening trend. Divergences between volume and price can provide valuable early signals of trend reversals. Example: FINPIPE _ breakout with huge volume & reversal candle at retest (at support) of breakout with huge volume 📊 Integrating Volume Analysis into Your Trading Strategy 📊 To effectively incorporate volume analysis into your trading strategy, consider the following tips: Confirmation: Volume analysis can act as a confirmation tool for other technical indicators or chart patterns. For example, if a price breakout occurs with high volume, it confirms the strength of the breakout. Relative Volume: Compare current volume to historical averages to gauge the intensity of trading activity. Unusually high or low volume relative to average volume can highlight potential trading opportunities. Multiple Time Frames: Analyzing volume across different time frames can provide a broader perspective on market dynamics. Higher time frames can reveal long-term trends, while lower time frames offer insights into intraday trading activity. 📊 Volume Indicators 📊 To assist traders in analyzing volume effectively, several technical indicators have been developed. These indicators help visualize and interpret volume data in meaningful ways. Here are a few commonly used volume indicators: Volume: The most basic volume indicator, volume bars represent the volume traded during each price bar or candlestick. By comparing the height of volume bars across different periods, traders can identify anomalies or significant shifts in trading activity. Moving Average in volume indicator: Moving Average calculates the average volume over a specified period. It smoothens out volume data, making it easier to identify volume spikes. On-Balance Volume (OBV): OBV measures the cumulative volume by adding or subtracting the volume based on whether prices close higher or lower. It helps identify periods of accumulation or distribution and can provide early signals of trend reversals. Wave Volume Divergence: A unique addition to volume indicators, this indicator enhances volume analysis by providing wave volume divergence and cumulative volume information. Traders can utilize this indicator to identify potential divergences between volume and price, as well as observe the cumulative volume trends. If you found this article helpful, please give it a like and feel free to share your observations in the comments section. Your support and feedback are highly appreciated, as they keep me motivated to write consistently. Thank you for your support, likes, follows, and comments! For more articles and trade setups, don't forget to follow me on TradingView: in.tradingview.com Keep exploring the power of volume analysis, and remember: 🌟 "Success in trading comes to those who diligently study the market and adapt their strategies." 🌟 📊🚀📈 #TradingView #TechnicalAnalysis #VolumeAnalysis #MarketInsights
NSE:NIFTYEducation
by AfnanTAjuddin
75
📊 Volume Profile: IndicatorsThere’s a reason why trading volume has been a standard indicator on every piece of charting software over the last 30 years… it provides a crucial edge. Volume provides you with logical insight into the activity of market participants at varying price levels. Volume analysis helps traders to become more reactionary to price movements rather than trying to predict where price will go next, as is the case with most technical indicators. 📍Key takeaways about volume Key takeaways about the normal volume indicator plotted on the X-axis in trading: 🔹Volume Indicator: The normal volume indicator measures the total number of shares or contracts traded during a given time period. It is commonly displayed as a histogram or line chart, with the X-axis representing time. 🔹Liquidity: Volume is a crucial metric as it provides insights into the liquidity of a security. Higher volume generally indicates greater market participation and liquidity, making it easier to buy or sell the asset without significantly impacting its price. 🔹Confirmation: Volume can confirm the validity of price movements. In an uptrend, increasing volume supports the bullish move, suggesting strength and conviction among buyers. Conversely, declining volume during an uptrend may signal weakness or lack of interest. The same principles apply to downtrends. 🔹 Breakouts and Reversals: Volume analysis is often used to identify breakouts and potential trend reversals. A significant increase in volume during a breakout suggests a higher probability of a sustained move, while decreasing volume near a support or resistance level might indicate a potential reversal. 🔹Divergence: Volume can reveal divergence between price and market sentiment. For example, if prices are rising but volume is decreasing, it could suggest that the rally is losing steam and a reversal may be imminent. Similarly, increasing volume during a price decline might indicate selling pressure and further downside potential. 🔹Confirmation of Patterns: Volume can provide confirmation or invalidation of chart patterns such as triangles, head and shoulders, or double tops/bottoms. Higher volume during pattern formations enhances their reliability, while low volume can cast doubt on the pattern's significance. 🔹Watch for Extreme Volume: Abnormal spikes in volume can indicate significant market events, such as earnings releases, news announcements, or institutional buying/selling. Unusual volume can lead to increased volatility and potentially offer trading opportunities. 🔹Relative Volume: Comparing current volume to historical average volume helps gauge the significance of the current trading activity. Higher volume relative to the average may imply increased interest, while lower volume might suggest a lack of conviction or reduced market participation. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
35
📊Volume Profile: Components & Concept📍What is a volume profile? A Volume Profile is an advanced charting indicator that displays total volume traded at every price level over a user specified time period. 📍Volume Profiles Uses: 🔷 Identify Key Support and Resistance Levels for Setups 🔷 Determine Logical Take Profits and Stop Losses 🔷 Calculate Initial R Multiplier 🔷 Identify Balanced vs Imbalanced Markets 🔷 Determine Strength of Trends 📍Volume Profile Components: 🔹Point of Control (POC): Price level where the most volume traded for the session. Commonly referred to as the POC. 🔹Value Area (VA): Price range in which a user specified percentage volume was traded for a session. Volume profile traditionalist use 70% as it close to 1 standard deviation from the mean. The Point of Control is used as the mean on a volume profile. 🔹Volume Area High(VAH) : This represents the price level at which the highest volume of trades occurred during the analyzed period inside VA. It indicates a significant level of trading activity and is often considered a key resistance level. 🔹Volume Area Low(VAL): Conversely, the Volume Area Low represents the price level with the lowest volume of trades during the analyzed period inside VA. It signifies a level of low trading activity and is typically considered a support level. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
📊The Effects of Volume Cheatsheet📍 In trading, volume refers to the number of shares or contracts that are traded within a specific period of time. It is a key technical indicator used by traders and investors to analyze the strength and direction of price movements in the financial markets. The volume of a security can be used to confirm trends, indicate potential reversals, and identify areas of support and resistance. For example, a sudden increase in trading volume for a particular stock may suggest that a significant news event has occurred or that there is an increase in investor interest. On the other hand, a decrease in volume may indicate that investors are losing interest or that a trend is weakening. Volume is important in trading because it provides information about market activity and helps traders make informed decisions. By analyzing trading volume along with other technical indicators such as moving averages and price patterns, traders can gain insights into market trends and make more accurate predictions about future price movements. 💥Key Takeaway: When prices are rising or falling with high volume , it suggests that there is strong participation in the market and that the price movement is likely to continue in that direction . Conversely, when prices are rising or falling with low volume, it may indicate that there is not enough market participation to sustain the price movement and that a reversal could occur. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
by QuantVue
6
INTC - Breaking out of BaseINTC had been basing in sideway range between 24-31 since mid September 2022. It tested the neckline region between 30-31 at least 3 times and similarly the lower range between 24-25+ also 3 times (formed an imperfect triple bottom). Yesterday it gapped above the neckline on strong volume and in the process, managed to close above the 200 day MA for the first time in a year. It is likely that the stock is now slowly emerging from it's base and any dips in the near future, especially back towards the neckline @30 +/- could be an 2nd opportunity to accumulate. Expect to see the 200 day MA flattening out and a Golden Cross materialising in the coming weeks. 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! Protect your trade with stop losses. Take care and Good Luck!
NASDAQ:INTCLong
by Juliac
5
W - strong price actionW had begun to form a saucer base pattern since Sep2022 (4 months basing), eventually cumulating to a break above it's neckline last Friday ( 20 Jan23) on very large volume. The following Monday on 23 Jan23, W announced it will cut 10% of its workforce and the market reacted by gapping the stock straight above it's 200 day moving average on yet another high volume day. Since then it had pulled back a little, forming a potential bullish flag. Will the recent gap close soon? not necessarily, if it is a breakaway gap (which usually signify the start of a new trend). Can only wait and see. Meanwhile, it is worth a shot to go long as long as it starts to break above the bull flag, with initial stop loss placed just slightly below the start of the gap @ 46.70. Trail stop up once the trade goes our way. 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!
NYSE:WLong
by Juliac
2
IDXX - broke out of consolidationIDXX had a strong move last Friday on high volume that brought it to the top of it's 2 months consolidation range high of 447.80. The following Monday (9 Jan),it formed a little Doji Candle just slightly above this level , perhaps traders were still skeptical if this break was for real. The day after, on 10 Jan, it staged another decisive move higher, increasing the probability that this move could have momentum. Initial Stop Loss should be placed slightly under the last candle's low @ 438 (abt 7% downside from yesterday's close). The stock could face strong resistence if and when it manage to reach around 535 - 550. Earnings are expected out on 1st Feb, hence it might be prudent to reduce positions or take profits prior. Disclaimer: Just my 2 cents and not a trade advice. I may or may not have entered into this Trade. 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!
NASDAQ:IDXXLong
by Juliac
4