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Volumepriceanalysis

BTCUSD Symmetric TriangleLooks to me like BTCUSD is in a symmetric triangle pattern, which tends to follow the current trend (which has been down) before continuing onward. There is a possibility of reversal, but symmetric triangles typically continue the current trend. If this were an ascending right triangle, I'd see it as more bullish. If it were a descending right triangle, more bearish. I'm going to wait and see if it can hold above the triangle for a couple days, and then maybe open some positions on it, or wait for it to reject the trend and fib resistance points and continue down. My opinion is that it is likely to continue downward, and this is a Wyckoff redistribution phase. There's a chance it is a consolidation for an upcoming reversal, but I'm personally bearish.
COINBASE:BTCUSDShort
by brettfb
The Bears Have Taken ControlThe bears have finally pulled price below the main POC at 4350 (this is still in play). We saw a large move followed by a doji and another large move on the daily, will today be a doji? As I write this we are approaching a bearish reversal level on the daily Informant Pivots. These levels were bounced off of all of yesterday's trading session so I suggest you pay attention when the Informant Pivots speak. Below are some key levels, that, with price action will prove to be important points for price. Key Levels 4323.67- bearish reversal 4349.59 - a bullish continuation 4271.83 - a bullish reversal 4245.91 - berish continuation 4350ish - overall POC for bears/bulls 1.679M in 15-minute Informant OBV - if we blow passed this upward we are in for a bullish day and vice verse 1.62 - if we cross this we are in complete bear territory
CME_MINI:MES1!
by JoeRodTrades
Another Explosive Move Is Possible TomorrowThis is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the simple fact that price closed above what I coined the bearish/bullish Mason-Dixon line. We are in an HnS Pattern on the daily and on the intraday right shoulder (there is a HnS pattern) so I truly believe this is a bear trap. CRP for floor pivots (central pivot range) is extremely tight as well but, it has a slightly lower value bias than the Informant Pivots. The case of the bulls is the capitulation volume on 9/28 (daily) along with intraday (before close yesterday) coupled with bullish convergence. Price has also, as of writing this, crossed through the 4359.26 bearish reversal level Levels to to look out for tomorrow 4350ish - Bear/Bull Mason-Dixon line 4359.26 - Bearish reversal (of course, as with all of these we need price action in our favor) 4340.24 - Bullish reversal 4368.73 - Bullish continuation until 4384.49 4330.77 Bearish continuation until 4315.21 Bulls take control of the week at 4378.75 Bulls take back official control of daily market at 4472 To confirm bullish look for Informant OBV to run through 1.90M at open To confirm bearish look for volume on Informant OBV to reject the 1.90M level at open
CME_MINI:MES1!
by JoeRodTrades
QQQ: Long SetupThe daily chart shows that price is at the 21 EMA which is likely to act as support. And on the hourly chart, price is coming to test a support level around 335. Today, just printed two low volume sell bars near that the 335 support level. A good entry price would be between 335-336. I would place my stop at 332.60 and my profit target at 342. I think it could go past 342 but it would depend on how the next 10-15 bars look. 342 still gives you a decent risk reward ratio. (Note: This is not a trade I'm personally taking right now because I have other trades going on but this is a logical and compelling long to take.)
NASDAQ:QQQLong
by Steven7960
1
SPY: Buyers come in again after a low volume dayToday's bar was a bullish bar and went above the high of yesterday's low volume bar. April 27 and April 28 were low volume days as well. When price continues to put in new highs despite these low volume days it is a good indication price is headed higher. 4250 and 4300 are the next targets for the S&P. I do not advocate buying into the highs so entering on pullbacks waiting for a price action entry is best. We'll see what tomorrow's bar brings.
AMEX:SPYLong
by Steven7960
Bitcoin: Likely to head to 45,000This evening price finally broke through the low of 51,300 after being in a squeeze to the downside. That squeeze can be better seen on an hourly chart. Click link for pic of that. www.screencast.com The past few days including today were bearish bars but "normal" volume bars. The buyers are not stepping back in yet. They have tried to hold the line for the past few days but it looks like the sellers are going to push prices lower. It is possible that we could have a failed breakout of the 51,300 level but it would have to happen fairly quickly within the next 24-48 hours in my opinion. The next support level to be hit is around 45,000 from Feb 28th. We'll see what tomorow's bar brings! Note: I am not long Bitcoin.
COINBASE:BTCUSD
by Steven7960
2
Bitcoin: Low Volume Selling, Buyers still in controlBuyers are really trying to push price higher but are struggling to push through the 59,500-60,000 level. On the daily chart, April 3rd and April 4th were low volume sell bars (yellow bars on chart). Price then broke above the high of the April 4th low volume selling bar which was an indication that sellers still do not have control. Price hit resistance and is now coming down a little. They are trying to sell again and break through the 21 day EMA but even if they do, there is no indication yet that buyers are getting out of their long positions in substantial numbers. I am currently long Bitcoin.
BITSTAMP:BTCUSD
by Steven7960
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BLong
by BADQOMOCAWGOWLD
2