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More time in the bottom of the range is good for BTCWith BTC going into its 3rd 60 day consolidation cycle it is still uncertain if it will break out into price discovery. The current volume profile of this range currently looks distributive which could signal a coming break down from the range based off the Wyckoff schematic. However spending the next ~60 days below the middle of this current range, but not breaking it would signal strong accumulation and set up a break to all time highs around the August to September timeframe
COINBASE:BTCUSD
by limit_buy_69
Amazon - Swing idea with Volume ProfileOn Amazon , it's nice to see a strong buying reaction at the price 188. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
NASDAQ:AMZN
by Trader_Dale
1
DJT stock: Dead cat rebound or wave of support?Trump Media & Technology Group Corp's stock surged following news of an attempted assassination on major shareholder Donald Trump at a political rally on Sunday. Given the fervent nature of Trump's supporters, it's plausible that voters could turn to their wallets before casting ballots in November as the presidential race heats up. Drawing parallels to the recent activity surrounding the GameStop stock, a meme rally cannot be entirely ruled out, potentially presenting a lucrative opportunity for speculators. For this scenario to materialize, high trading volumes in the stock need to persist. The average trading volume over the past two weeks is around 10 million shares. If today's activity surpasses this figure, it could indicate sustained interest in the stock following yesterday's massive gap up and record trading volume. Although DJT stock closed $6 lower than its opening price, it currently hovers around the crucial $40 level. If the bulls can maintain the price above this level before today's close, it could signal a further bullish trend. Conversely, if the price were to fall below the $40 mark, we might see the stock trading at its early July levels of $30. This trade is highly speculative, and while the current political climate could easily add more fuel to the fire, it's crucial to monitor the fundamentals. DJT reported a loss for Q1, but with Q2 earnings around the corner, investors should stay vigilant. Call spreads with 30-40 DTE (shortly before Q2 earnings report) might be an interesting play here regardless of the direction you're betting on.
NASDAQ:DJT
by WHSelfInvest
GBP/USD Day Trading Analysis With Volume ProfileOn GBP/USD, it's nice to see a strong buying reaction at the price of 1.288 and 1.2812. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Gold Day Trading analysisOn USD/JPY , it's nice to see a strong buying reaction at the price 2388. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
COMEX:GC1!
by Trader_Dale
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Offers ample risk/reward to buy at the market. 20 4hour EMA is at 0.9740. We look to buy dips. We look to Buy at 0.9740 (stop at 0.9718) Our profit targets will be 0.9795 and 0.9815 Resistance: 0.9768 / 0.9780 / 0.9800 Support: 0.9740 / 0.9720 / 0.9700 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Long/short ratio hitting previous highs, bottom is in?Binance's Long/Short all acounts ratio is back above 3.3, which we haven't seen since the last time we hit 56k. At that that time market reacted to the dip and that low is still holding. With all the fud around Mt. Gox and German govt. selling, some traders believe macro structure is at risk - which I'm not invalidating - but imo best odds are on longs, at least till the said structure is broken. Following the same idea as the 1st of May, that box is to be longed. Easy to know when to cut losses, lose structure (always wait for closes and validations) = close everything. The recent OI pump of over 15k BTC makes me believe volatility will be there when it's most needed and if we get any signs of relief BTC will indeed moon. The time to act is now. You can stay out and look from the sidelines, but I wait weeks for moments like this. Again for me R/R is too good to be ignored. Stay safe kings
BITMEX:BTCUSD.PLong
by matasa_qt
BTC is forming flag for another dip?Heyyy traders! Here are some thoughts on Bitcoin: As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak. So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k. What's your thoughts guys?
BINANCE:BTCUSDShort
by SheTradesHub
USD/JPY continue with uptrendOn USD/JPY , it's nice to see a strong buying reaction at the price 161.140 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale