Get started

Volumecandles

The Boulevard of Broken Dreams. Pump and Dump Part IIRecently we watched in the news the resurrection of the "Meme Stocks" frenzy and the "Roaring Kitty" username. Those who witnessed the first surge in stocks like NYSE:AMC , NYSE:GME , NYSE:BB , etc., remember those were basically a "Make me Rich quick" kind of event, they were known as "Meme Stocks" because it all started as memes by a group of traders in internet forums who allegedly went against the Wall St. Hedge Funds who were heavily invested in shorting these stocks, by buying all at the same time and triggering a strong short squeeze. Well, this event was the hope for this group of traders who saw the opportunity to pocket huge profits in a short time frame, and it gave them the sense of power against Wall St. That time these stocks were heavily shortened, and they were prone to an aggressive short squeeze, not only from these member of the meme stock traders, but by professional traders. At the end of the day this group of stocks spiked, the people took profits, they left the market, some richer, some poorer, and others as bag holders. All these stocks faded along the time and some even went bankrupt. This event was imprinted in the memory of those hoping that this could happen again, but most amateur traders don't take the time to actually learn to trade, they ran with the rumor again after a fuzzy post by the "Roaring Kitty" and they just grabbed whatever was being mentioned in the forums. This time however it was very different. Their behavior was predictable and the professional traders already had a plan in advance, to short the spike. The small buying power of the meme stock traders plus their inexperience in swimming with professional sharks just turned them into an easy morning lunch. The rumor, action and shorting cycle was very fast. In the chart we can see outstanding profits in the order of hundreds of percentual points. But if we take a look at the short sale volume, we notice that the spike was immediately extinguished. The #VolumeCandles feature of Trading View is an excellent tool to visually pinpoint the development of this pump and dump event. In the chart I added some more stocks which were rumored in the forums, NYSE:GME , NYSE:AMC , NASDAQ:KOSS , NYSE:OKLO , NASDAQ:FFIE , NASDAQ:GWAV , $CRKN. The symbols used to display the short volume were: FINRA:GME_SHORT_VOLUME FINRA:AMC_SHORT_VOLUME FINRA:KOSS_SHORT_VOLUME FINRA:OKLO_SHORT_VOLUME FINRA:FFIE_SHORT_VOLUME FINRA:GWAV_SHORT_VOLUME FINRA:CRKN_SHORT_VOLUME All of them have the same pattern, Rumor in the meme stock forums Frenzy buying Immediate huge short volume The takeaway of this presentation is, never fall for what others "rumor" in forums, trade following your own system, your money and your profit/loses are just yours, so the responsibility to plan your trade. Buying and selling shares in the stock market is very easy, trading is not, and they're definitely not the same. #LearnToEarn.
NYSE:GMEEducation
by Madrid
4
key is whether it can receive support and rise around 3025.37Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT 1M chart) You can see that ETH has a volume profile around 2.7K and in the 1.4K-2.0K range. Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the 2514.38 point. Therefore, if the HA-High indicator is created at the 2514.38 point when this month closes, the primary support zone is expected to be the 2514.38-2.7K zone. The second support range is 1.4K-2.0K. (1W chart) Even if you hide all indicators and just look at the arrangement of candles, you can intuitively know where support and resistance points or sections are formed. The reason is because volume candles charts were used. The thicker the candle, the more trading volume has occurred, so you can see that the point or section where the corresponding candle is located forms a volume profile section. Therefore, it can be said that the area around the candle that the finger points to corresponds to the volume profile section. Since the psychological volume profile section is formed over the 2616.79-3043.91 section, the key is whether it can receive support and rise around this section. (1D chart) Unlike the BTC chart, the HA-Low indicator was not created on the ETH chart. Therefore, it cannot be said that a low point has been formed yet. Therefore, further declines along the downward channel seem likely. At this point, in order to turn into an upward trend, the price must rise above the MS-Signal indicator and maintain the price. Therefore, the key is whether the price can be maintained by rising above 3025.37. The 3025.37 point is the HA-High indicator on the 1W chart, so if it receives support around this point, it is likely to lead to a further rise. In order to continue the upward trend, the price must rise above the HA-High indicator and maintain the price, so it must rise above the 3903.61 point, which is the current HA-High indicator point. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Next volatility period : around May 19 (May 18-20)Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) USDT and USDC are showing sideways movements. (BTC.D 1M chart) It is still sideways around 53.44-55.01. (USDT.D 1M chart) For the coin market to continue its overall upward trend, USDT dominance must remain below 4.97 or maintain a downward trend. Otherwise, the coin market as a whole is likely to show a downward trend as it rises around the Fibonacci ratio point of 0.618. therefore, - Are USDT or USDC showing a gap upward trend? - Will BTC dominance remain below 55.01 or show a downward trend? - Is USDT dominance maintained below 4.97 or showing a downward trend? You need to check if the above conditions are met. ------------------------------------------------- (BTCUSDT 1M chart) If it receives support near the second section, I think there is a high possibility of a large upward trend. However, since the buying section of this uptrend appears to have taken place over the 16362.29-28923.63 section, I think there is a possibility that it will fall to around 0.382-0.5, that is, around 46K-51K, as indicated by the Gann Box tool. Even in that sense, you can see how important the second section (56K-61K) is. (1W chart) Because we used a Volume Candles chart, the candles are spaced irregularly. The Volume Candles chart is a chart that combines trading volume with candles, allowing you to intuitively know that the thicker the candle, the more trading volume has occurred. Therefore, when looking at the current candle, I think it is difficult to say that enough trading volume has occurred to change the trend. The period of volatility on the 1W chart is expected to span the week before and after April 29th through the week before and after July 29th. At this time, the most important thing is whether the upward trend can be continued along the important upward channel. (1D chart) The key is whether it can find support near 61K and rise along the important uptrend line. The next period of volatility is expected around May 19 (May 18-20), so the question will ultimately be whether the price can be maintained above 61K. The HA-Low indicator is formed at the 62791.03 point, and the box section of the HA-Low indicator is currently formed over the 65500.0-58811.32 range. Therefore, a trend is expected to form when the price breaks out of the box area and remains there. In order for a full-fledged uptrend to begin on the 1D chart, the price must be maintained above the HA-High indicator. Therefore, the current HA-High indicator point is formed at 70231.38, so based on current standards, the price must rise above 70231.38 to maintain the price. Therefore, the final time to buy is when support appears near the HA-High indicator. However, if it rises near the HA-High indicator, you may feel pressured to buy due to psychological fear of decline. Therefore, it is necessary to proceed with aggressive buying when support is shown near the HA-Low indicator. Aggressive buying refers to a proportion that is large enough to not cause significant psychological burden even if the price plummets. However, if it falls below the HA-Low indicator and shows resistance, there is a possibility that the previous low point will be renewed, so you should think about a response plan. The creation of the HA-Low indicator means that a low point has been formed. A low point does not mean it is a bottom. In order to form a bottom section, you can tell that a bottom section has been formed when you confirm support at the low point section. Therefore, the bottom section will only be known after some time has passed. Therefore, if there is a decline in the HA-Low indicator, there is a high possibility of a cascading decline. The buying strategy around the HA-Low indicator is how to purchase whenever there is a cascading decline and how to leave coins (tokens) held for profit. If you buy and hold in this way, you will not feel much pressure to buy when it eventually shows support near the HA-High indicator. When purchasing near the HA-Low indicator, the important thing is to see whether the price is maintained above the HA-Low indicator and the MS-Signal indicator. This will allow you to reduce the number of day trading or short-term trades you do. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
3
Introducing another way to display volume profile sectionsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- The indicators activated in the settings are those created by trading volume. Therefore, this indicator represents the volume profile section. The indicator that the arrow points to is the indicator I mentioned earlier. By looking at this indicator together with volume candles, you can more clearly identify the volume profile section and support and resistance sections. In addition, you can verify the start of trading by checking the movement of the BW indicator, which consists of five indicators, namely MACD, StochRSI, CCI, PVT, and superTrend indicators. BW-MACD, BW-StochRSI, BW-CCI, BW-PVT, and BW-superTrend indicators are displayed separately to help you understand the indicators. Once your trading timing has been selected, you need to create a trading strategy that suits your investment style. What is important in creating a trading strategy that suits your investment style is the investment period and investment size. Once the investment period and investment size have been decided, you must create a trading method and profit realization method using the information obtained from chart analysis. Trading methods include buying, selling, and stop loss methods. The purchase method should focus on how to lower the average purchase price by purchasing in installments. At that time, when the price falls below the stop loss point and shows resistance, you need to think about how to proceed with selling. When taking a stop loss, you must proceed according to the investment period you have set. For example, if you decide to trade within one wave as a short-term trade and proceed with the trade, but the price falls below the stop loss point, you should be able to sell 100% and then watch the situation. If the price rises after purchasing, you must proceed with selling according to the selling method. The selling method must also be carried out according to the investment period. However, the method of increasing the number of coins (tokens) corresponding to profit by selling the amount equal to the purchase amount can be continued into mid- to long-term trading even if the transaction was done through day trading or short-term trading. The reason is that the average purchase price of coins (tokens) corresponding to profits is 0. If you add other indicators to help you conduct split transactions based on price fluctuations, the chart will look like the one above. If the chart is unfamiliar to your eyes, It is recommended to view only the HA-Low, HA-High indicators and the M-Signal indicators of the 1D, 1W, and 1M charts. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Establish a trading strategy that suits your investment styleHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (QIUSDT 1M chart) The key is whether it can receive support and rise around 0.01550-0.01939. If not, it is highly likely that the flow is to create a middle section in the form of a bottom. (1W chart) Since the HA-High indicator is formed at the 0.02464 point, it is highly likely that the price will continue its upward trend if it rises above 0.02464 and maintains the price. However, since a psychological volume profile section has been formed up to the 0.03732 point, a full-fledged upward trend is expected to begin only when it rises above this point. If it falls below 0.01550 and shows resistance, it is likely to fall near the HA-Low indicator. Currently, the HA-Low indicator is formed at 0.00736. However, as the price falls, there is a possibility that a new HA-Low indicator will be created, so support near the HA-Low indicator is important. (1D chart) The HA-Low indicator is formed at 0.01560. Accordingly, the key is whether it can receive support and rise in the important area around 0.01550-0.01939. If the price falls below the HA-Low indicator and shows resistance, there is a high possibility of a cascading decline, so a countermeasure is needed. Since a volume profile section is formed at the 0.0122 point, you need to check whether you can receive support around this area. The HA-High indicator is formed at 0.02715. Since the HA-High indicator on the 1W chart is formed at the 0.02464 point, the 0.02464-0.02715 section is likely to be a resistance zone. If it receives support in the 0.02464-0.02715 range and rises, it is likely that an upward trend will begin. However, since the 0.03549-0.03732 section may again serve as a resistance section, a countermeasure is needed. -------------------------------------------------- ---- To trade by looking at this chart, you need to choose what is most important to you and decide on an appropriate investment period. If the investment period does not suit your investment style, it is better not to trade. The reason is that once you start trading, your psychological influence is likely to have a big impact on your trading. In day trading or short-term trading, it is recommended to buy when support is confirmed in the 0.01550-0.01939 range and sell around 0.02464-0.02715, the first split selling range. At this time, you must decide whether to sell 100% and receive a cash profit, or whether to sell the purchase principal amount and leave the number of coins (tokens) corresponding to the profit. For medium to long term trading, I don't think it's time to trade yet. The reason is that, as mentioned earlier, if it falls below 0.01550-0.01939, there is a high possibility of creating an intermediate section in the form of a bottom. Therefore, it is recommended to proceed with a split purchase when support appears near the HA-Low indicator of the 1M chart or the HA-Low indicator of the 1W chart. Therefore, it is most important to create a trading strategy that suits your investment style. 1. Investment period 2. Investment size 3. Trading method and profit realization method You need to create a trading strategy based on 1-3 above. Numbers 1 and 2 are to determine the investment period and investment size according to your investment style, so you can make your decision by analyzing charts and checking other coin ecosystems. Number 3 is to decide on the detailed trading method when you decide to trade, so you must select the buying, selling, and stop-loss method and decide how to realize profits accordingly. It is useful when conducting mid- to long-term transactions to reserve the number of coins (tokens) corresponding to profit rather than 100% selling. This is because the purchase price of the coin (token) corresponding to profit is 0. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
Education
by readCrypto
Intuitive chart: Volume Candles chartHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (Candles chart and Volume Candles chart) Usually, you see price and volume displayed separately on the chart. Displaying it this way has the advantage of showing the overall flow, but since it must be viewed separately, it may be difficult to interpret when a quick judgment is required. In order to trade based on movements in real time, you need to be able to quickly interpret charts. Therefore, I think it is best to check charts intuitively. TradingView Charts finally supports Volume Chandles charts. We combined trading volume with price movements to make it more intuitive and faster to check. When trading volume is high, the candles appear thick, and when trading volume is low, the candles appear thin. (Volume Candles chart) If you add indicators to your chart, you will notice that support and resistance points are more clearly visible. Starting tomorrow, we will set it up according to the Volume Candles chart and publish it. Have a good time. thank you --------------------------------------------------
Education
by readCrypto