Pay attention to the next dropThe historical rise has been a compound rise, not an impulse. This indicates that all this rise is nothing but a correction, and it represents 61% Fibo of the length of the previous downward wave.. It is expected for it to drop to the shaded area in order to end the historical correction of the currency.
Volumespreadanalysis
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! 🚀📊
Bitcoin downFrom the first look, and according to the Elliott rules, Bitcoin rose from the bottom in three waves, not five waves. This is a corrective rise, not a motive, and it is supposed to visit the bottom again.
All data has been shown on the chart and based on Elliott rules
Note: The analysis fails if it closes above the C region, which is $32000
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
Another drop is comingIt is possible that a final, five downward wave will take place, and thus the historical decline of the currency will end and a major corrective rise will begin for it
Note: The analysis fails if it closes over an area 8.3 usdt
HBarusdtIt is possible that wave C and there are five downward waves, and its historical decline ends in the shaded area
🔥 The Calm Before the Storm: Bitcoin's Volatility AnalyzedIn our latest analysis, we explore Bitcoin's unfolding volatility patterns. Notably, the bottom indicator highlights a distinct drop in Bitcoin's 7-day volatility, as depicted by the green metric.
Historical data consistently suggests that such low volatility precedes significant market movement. While periods of low volatility can span weeks, they invariably culminate in a pronounced shift.
Previously, I discussed Bitcoin's volatility and predicted a potential downturn risk. My perspective remains unchanged. Given that September traditionally presents challenges for crypto performance, and considering the precedent set by pre-halving years exhibiting roughly 50% bullishness (a trend we observed at the year's start), there's a strong inclination toward upcoming bearish trends.
Although positive ETF news might temporarily boost the market, a surge in selling is anticipated in the near future.
If you wish to use this indicator yourself, check out this link below:
Which direction do you think that the market will go? Share in the comments 🙏
XAGUSDThe corrective rise is about to end and it will return again to the decline, and it will be a support area. It will fall. It will test the first area, and we will see if it is satisfied with this, or does it need to break it and go down to the second support?
The last wave to riseWe are in the last wave of the rise that can be extended because it touches the previous peak, and then the correction begins, so let us wait and see what will happen.
TWTUSDTIt is possible that it will remain a final upward wave for it to complete the last sub-wave before the start of a large decline for the shaded areas
Retest previous resistanceThe price is bullish in an impulse wave, and it is currently retesting the previous peak, and then rising again to make a new peak for the shaded area
Leading Daegonol was formedFive overlapping waves were formed in the form of Leading Degnol, and this comes at the end of the ascent
ankrusdtIt is possible that a five-way decline will be implemented in order to complete the C-wave and end the historical drop in the currency, so let's see what will happen
forming a bearish pattern?It is highly likely that an Ending Diagonal pattern has been formed, and this is a pattern that enters the end of an ascending wave and the beginning of a large bearish wave, which will be a C wave.
Note: The model fails by breaking 350 usdt its top and closing
ELF - longer-term uptrend still intactELF has been one of the strong trending stocks since it broke above its 200 day moving average in Jun 2022. Despite the recent steep corrections experienced by the market in the past few weeks, ELF had only dipped briefly below it's 50 day moving average.
Every reversion back to it's 50 day moving average as potential opportunity to long. with a trailing stop loss about 10% below the 50 day MA is prudent for the longer term investor.
A swing trader would have a tighter trailing stop and on the lookout for re-entries on the long side as long as the trend remains intact.
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!
The $50 area awaits usThe decline has not ended yet, and it is assumed that we will go to the shaded area below, including a simple correction, and we will update the analysis at that time.
Note: The analysis fails to close above the 103usdt area.
One last wave of decline?It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
AttentionMostly, the shape formed by the top is a composite correction, and currently we are in the upward correction phase, and it is about to end and start a final decline in the Z wave.
Note: the analysis fails if the price closed above an area 0.8 usdt
Is the rise over?Five waves of the rise of wave A were achieved, then three corrections of wave B, and then five waves of the rise of wave C. From my point of view, the corrective rise has ended
Test Again?From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below.
Note: the analysis fails if the price closes in the highest area 0.392
TASIThe Saudi Stock Exchange has not gone up a real rise since the bottom of 2008, and throughout this period it is moving horizontally and faced a drainage area 4 times and could not break it, and it must return again to the demand area to collect and rise strongly and make a new peak equivalent to the rise that took place from the period 2000 to the period 2006
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
egx30The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
shorts again?Five historical downward waves were created from the highest peak to the lowest bottom, after which only three upward corrective waves were formed, not a motive, and correspond to wave 4 of Elliott’s law. It is now possible that five more waves will be made to re-test the historical bottom of the currency, including the termination of wave C
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area
