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Volumeprofileindicator

BTC bull swing target 30185On the Binance BTCUSDT spot market, a volume profile with a 1 USDT resolution on the current daily rotation shows a POC (Point of Control) around 30185 USDT. With some noise, the daily candles in this current accumulation zone have been playing with the current VAL and VAH as support and resistance. Over the past several days, the current POC has behaved as it often does, as a magnet. A return to the current POC range around 30185 USDT (from the current 29300 USDT price action up) is a reasonable bull swing target to watch.
Long
by UnknownUnicorn17032407
2
Still hope for Bitcoin?Well…Bitcoin is for four days below the accumulation structure. Yes, till some days ago it was an accumulation structure. On-chain metrics confirmed that. As a reminder: Most whales whose sold their Bitcoins during the distribution between March and May 2021 didn’t buy them back at the bottoms. The bull market between July and November, yes, was a bull trap. It’s complicated, I’ll explain it maybe some other time. So, is still there any hope for BTC? After the accumulation, I was expecting a quick bull rally to $50k or near the previous highs before the Hell. And that … was my most optimistic scenario for BTC. This type of breakout of $34k - you can see in the chart - would be absolutely healthy under the appropriate conditions. Like no war, no pandemic, and the rest. The longer the time BTC remains below $34k, the more bearish it becomes. If we regain it quickly, we may see again $40k. Todays candle (at least as it formed till the time of writing this) is bullish, in the short term of course. So, I expect at least a return to $34k in the next days. For me, it’s not the right time to buy these dips. Market is highly volatile. It’s wise to wait for stability before making any decision. Thanks for reading this! Remember investing is a probability game. Follow for more reports & like and share if you appreciate this. Not a financial advice. Always do your own research.
KRAKEN:BTCUSD
by Rhaonnor
Is MANA heading to $2.30 or $1.00MANA broke two crucial supports: the first at $1.68 & the second at $1.50. Between $1.50 and $1.07 there is not some significant support to stop the price from a possible fall. The next important supports is at $1.08 and the liquidity zone between $1.07 – 0.92. Resistance at $1.68 has tested a few days ago…so the likelihood of a return to this level is low, not impossible. In the short-term, of course. Be careful with your high leveraged shorts. 1) Market is in extreme fear 2) We are nearer the bottom than the top 3) In 4H LTF formed a local demand zone These are not good signs for (long-term) shorts. On the other hand, today’s candle closes below $1.34. • If you are looking for short entries wait for a return to $1.50 or near $1.68 and a bearish confirmation candle. Stop loss or alert above $1.50 Take profit at the liquidity zone • If you are looking for long entries, near $1.00 or below is a good price.
KRAKEN:MANAUSD
by Rhaonnor
LINK at Crucial Support. What to do!LINK broke $10 important support in relatively high volume. Entire crypto market is in panic, a beautiful indication that we are approaching the bottom. • To begin the uptrend LINK needs to regain, in a short period of time, $10 level. • I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as resistance before taking a short. • You can add some LINK in your HODL portfolio at $7.50 only if you are intent on holding them, even if it goes below $4.90. Stay out of leveraged trading, market is too risky and volatile. Thanks for reading this! Remember investing is a probability game. Not a financial advice. Always do your own research. Follow for more reports & press the like button if you like this.
KRAKEN:LINKUSD
by Rhaonnor
Awaiting Symmetrical Triangle BreakoutAs you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down. ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . If you like the idea, do not forget to support with a like and follow.
NSE:MOTILALOFSLong
by Ami8singh