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VTHO - 1D Chart with the Ichimoku CloudVTHO 1D chart update using the Ichimoku Cloud with the 20,60,120,30 settings: Note that VTHO is in the Ichimoku Cloud Equilibrium Zone for this 1D timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways. The Ichimoku cloud Lagging Span (Chikou Span) is indicating that the momentum at the moment is downwards. Note that the Lagging Span (Chikou Span) is still above the candle from 30 periods ago. VTHO has found some support from around its Conversion Line (Tenkan Sen) level for this 1D timeframe. A good sign will be if VTHO manages to stay above & close a daily candle above this level. Note that VTHO has dropped below its Volume Profile Fixed range Point of Control (VPFR POC) that i have selected on this chart. VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Note that Volume is still very low on this finance chart and the last 6 Volume Bars have been below its Volume 20 Period Moving Average. VTHO is still above its Bollinger Bands Middle Band Basis 20 Period SMA, VTHO may find support at this level if the Conversion line (Tenkan Sen) support fails. VTHO had dropped below its Least Squares Moving Average (LSMA) 3 days ago which is a sell signal for most traders who use this indicator. If you are LONG, then for this indicator confirmation of renewed upwards momentum will be when VTHO closes a daily candle back above the LSMA. VTHO has found resistance from its descending resistance line. A close above this and successfully retest as support is crucial for continued upwards momentum. The Average Directional index (ADX DI) is showing the trend strength has dipped with the ADX (Orange Line) at 51.90 but note its still above its 9 Period EMA (Black Line) which is at 50.72. The +DI (Green Line) has dipped to 28.34 and the -DI (Red Line) has risen to 14.12, this indicates that Positive Momentum has dropped and Negative Momentum has increased. If the ADX (Orange Line) crosses back under the 9 Period EMA (Black line) then we may see a bigger drop in price for this 1D timeframe. What we don't want to happen is the +DI (Green Line) to cross back under the -DI (Red Line), that would mean that Negative Momentum has completely overtaken Positive Momentum for this 1D timeframe. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. Note that the RSI (Purple Line) has dropped below its 9 Period EMA (Orange Line) this is an indication downwards momentum strength. If you are LONG and using this method, full bullish confirmation for this 1D timeframe will be when the Ichimoku Cloud Leading Span A (Senkou Span A) crosses back over and above the Leading Span B (Senkou Span B) level creating a new Bullish Green Cloud (Kumo) for this 1D timeframe. If the Conversion Line (Tenkan Sen) fails as support then VTHO has the Bollinger Bands Middle Band Basis 20 Period SMA, the Base Line (Kijun Sen) as well as its Ascending Support Line as potential support levels. As always we have to keep an eye on what BTC is doing but looking at this analysis, there could be some good opportunities to acquire more VTHO at a much cheaper price. I hope this is helpful with your trading and hodl-ing.
by entertheroach
VeChain - 1D chart updateVeChain 1D chart update using the 20,60,120,30 Ichimoku Cloud Settings: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is upwards. Note that the Lagging Span (Chikou Span) is way above the price from 30 Periods ago. Note that VET is inside the Ichimoku Cloud Equilibrium Zone for this 1D timeframe. VET is above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range. VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for this chart’s fixed range i have selected. Volume is still relatively low for this 1D timeframe and notice that the last 4 Volume Bars have been below its Volume 20 Period Moving Average. Note that VET is still safely above its longterm upwards Trend-line. VET is in a triangle pattern so be on the lookout for which direction VET may break out from, at the moment it looks like VET will break upwards. VET has found some resistance from its triangle descending line. VET is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that the Lower BB is moving upwards and the Upper BB is moving sideways, this shows me that we may see a bit of consolidation and also that VET still has a lot room to move up before volatility becomes overextended. The Average Directional Index (ADX DI) is indicating the trend is sideways with the ADX (Orange Line) at 46.99 and still above its 9 Period EMA (Black Line) which is at 46.47. The +DI (Green Line) is sideways at 23.03 and the -DI (Red Line) is at 8.41. Note that the +DI (Green Line) is sideways and the -DI (Red Line) is pointing downwards, this indicates that while Positive Momentum is sideways, Negative Momentum has dropped for this 1D timeframe. Please be aware that if the ADX (Orange Line) drops below the 9 Period EMA (Black Line) then we will may see a price drop on this 1D timeframe. The Relative Strength Index (RSI) is also indicating momentum is upwards at the moment. Note that the RSI (Purple Line) has just crossed back above its 9 Period EMA (Orange Line) which is a good sign of upwards strength for this 1D timeframe. Note that the RSI (Purple Line) still has room to move up before entering the Overbought Zone on this 1D timeframe. Note that being in the Overbought Zone doesn't mean the price will drop as the RSI (Purple Line) can go up, down and also range sideways in the Overbought Zone for a prolonged period of time. If you are LONG and need to wait for confirmation of renewed upwards momentum then a successful close above the Potential Resistance Line and retest of that as support is crucial. If you use the Ichimoku Cloud System as your confirmation then you will wait for the price to break above the Leading Span B (Senkou Span B) resistance into the Bullish Zone and a successful retest of the Leading Span B (Senkou Span B) as support, FULL Bullish Confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new Bullish Green Cloud (Kumo) for this 1D timeframe. Using this system I’ve posted, if VET cannot make it above its Resistance Area and drops, it will find potential support from its Conversion Line (Tenkan Sen), Base Line (Kijun Sen), its Potential Support Area and also the Leading Span A (Senkou Span A) support level. There are other timeframes with many other support & resistance levels to take into account but I’m just focusing on the 1D timeframe for this post. This chart may seem messy to some and there is a lot going on, but as I’ve stated before, my charts are more TA educational instead of price predication, so hopefully I’ve succeeded in explaining to you what information each indicator is actually showing us. All in all, depending on what BTC does, VeChain is looking really good. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
2
VTHO 4hr chart updateQuick VTHO 4hr chart update: After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise. Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise. VTHO is back below its Pitchfork Median Line for this 4hr timeframe. VTHO is still above its 50EMA (Yellow Line) for this 4hr timeframe. VTHO is still above its Least Squares Moving Average (LSMA) (White Line). VTHO has found some resistance from Upper Bollinger Band. Note that VTHO is safely above its Bollinger Bands Middle Band Basis 20 Period SMA. VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. At the moment of typing this, VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected. VTHO has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average and looks like it will close a 8th Volume Bar above it. The Average Directional Index (ADX DI) is showing that the trend strength is still strong with the ADX (Yellow Line) at 56.58 and still above its 9 Period EMA (White Line) which is at 48.46. The +DI (Green Line) has dropped to 39.65 indicating positive momentum has dropped for this 4hr timeframe, but note that the -DI (Red Line) has also dropped to 2.36 indicating negative momentum has also dropped for this 4hr timeframe. Note that the -DI (Red Line) is starting to curve sideways. The Relative Strength Index (RSI) is indicating that momentum is downwards at the moment, note that the RSI (Purple Line) is below its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) cross back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. The RSI (purple Line) has just dropped out of the Overbought Zone. Here is a closer look at this 4hr timeframe. We could see VTHO range sideways within a range for a few hours/days which would bring the Lower Bollinger Band Upwards, or we could see VTHO drop to its LSMA or 50EMA level as a major support. If the 50EMA fails as support, VTHO could drop back to its Bollinger Bands Middle Band Basis 20 period SMA. If you are waiting for confirmation to place a long, a successfully break ABOVE the Pitchfork Median Line and successful RETEST of that level as support is key, but note that may change as there might be better lower levels to go long if VTHO dips more. Note that the Pitchfork Hagopian Line has acted as very strong support over the last few weeks so this level is crucial for VTHO stop stay above on this 4hr timeframe. I hope this is helpful with your trading and hold-ing.
by entertheroach
1
VeChain quick and dirty 4hr chart updateVeChain is still above its Pitchfork Median Line for this 4hr timeframe. VeChain is still above its 50EMA (Yellow Line) for this 4hr timeframe. VeChain has found some resistance from its Least Squares Moving Average (LSMA) (White Line). If you are waiting for positive confirmation for this indictor, a successful 4hr candle close ABOVE and RETEST off this indicator as support is a potential buy signal for traders who use this indicator. VeChain had dipped in and out of its support zone and found strong support from its Bollinger Bands Middle Band Basis 20 Period SMA and is now back above its VPFR POC. VeChain is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VeChain is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected. VeChain has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is showing that the trend strength had dropped with the ADX (Yellow Line) at 28.47 and is below its 9 Period EMA (White Line) which is at 30.22. The +DI (Green Line) has dropped to 18.47 indicating positive momentum has dropped for this 4hr timeframe, the -DI (Red Line) has also dropped to 14.87 indicating negative momentum has also dropped for this 4hr timeframe. There will be more downwards momentum if the +DI (Green line) crosses back under the -DI (Red Line) so its best to keep an eye on this. The Relative Strength Index (RSI) is indicating that momentum is upwards at the moment but note that the RSI (Purple Line) is under its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) crosses back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. Here is a closer look at this 4hr chart with the LSMA, VPFR levels and the Support Zone I've selected: After last nights dip, VeChain still made a higher low so we will have to see is VeChain can continue to make higher highs and higher lows and as always wee need to keep an eye on what uncle BTC is doing. I hope this is helpful with your trading and hold-ing.
BINANCE:VETUSD
by entertheroach
3
So what's BTC sayingHere's a quick BTC 1D chart update: The BTC Daily Chart is looking really good. BTC is still above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for the fixed range i have selected. BTC is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this chart’s visible range. Volume has dropped slightly and note that yesterday’s daily Volume Bar closed below its Volume 20 Period Moving Average. Nota that BTC has managed to close 6 daily candles above its Pitchfork Median Line and looks like it will make it 7 daily candles. The Average Directional Index (ADX DI) is indicating Positive Momentum has dipped slightly with the +DI (Green Line) at 28.64 but note that negative momentum is also pointing downwards with the -DI (Red Line) at 9.15. The ADX is showing a strong trend with the ADX (Yellow Line) at 36.36 which is still above its 9 Period EMA (White Line) which is at 33.06. The Relative Strength Index (RSI) is showing momentum is upwards at the moment and note that the RSI (Purple Line) is above its 9 Period EMA (Yellow Line) indicating upwards momentum is strong. The RSI is in the Overbought Zone but note that being in the Overbought Zone doesn't mean BTC will drop because the RSI can range sideways in the Overbought Zone for a prolonged period of time or go up further. Worthy of note is the fact that BTC at 1am on the 9th August, CLOSED a Weekly Candle ABOVE its Sideways Channel. Note that the Bollinger Bands Upper and Lower Bands are NOT over extended indicating that BTC still has volatility room to move either UP or DOWN before becoming overextended on this 1D timeframe. We could see BTC range sideways for a couple of days within a range, but if BTC does dip, it may find support from its Pitchfork Median Line or at around $42,698 range which where its Potential Support Range located. All in all, despite the many prophets of doom and soothsayers on TradingView, $20K didn’t happen! So well done if you managed to stock up on BTC at around $29K. I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
Quick ADA 4hr Chart UpdateADA 4hr Update: ADA is still safely above its 50EMA for this 4hr timeframe. ADA is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range i have selected. ADA is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. Note that the last 10x 4hr Volume Bars have been above its Volume 20 Moving Average. ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had extreme expansion on the Upper and Lower Bands so a re-trace back would not be unexpected. The Average Directional Index (ADX DI) is showing strong positive momentum with the +DI (Green Line) at 42.44 and the -DI (Red Line) at 5.99. The ADX is showing a strong trend with the ADX (Yellow Line) at 40.65 and above its 9 Period EMA (White Line) which is at 32.17. The +DI (Green Line) is showing that positive Momentum has dropped but note that the -DI (Red Line) is showing that Negative Momentum has also dropped. The Relative Strength Index (RSI) is indicating strong upwards momentum and note that the RSI (Purple Line) is in the Overbought Zone. Being in the Overbought Zone does not mean that ADA will drop as the RSI (Purple Line) can range sideways within the Overbought Zone for a prolonged period of time. Note that the RSI (Purple Line) is above its 9 Period EMA (Yellow Line) indicating upwards momentum is strong at the moment. A 4hr candle close above the Pitchfork Median Line and re-test of that level as support is crucial for continued upwards momentum. Note that ADA is also walking up the Upper Bollinger Band, we may see more upwards momentum but because of the extreme BB expansion a slight re-trace back should not be unexpected. If ADA does re-trace backwards, it could drop to its Pitchfork (A,B,C) Lower Green Support Line or lower to it's Bollinger Bands Middle Band Basis 20 Period SMA as potential support levels, but at the moment it looks like ADA might continue walking up the upper band or even consolidate sideways for a few hours bringing the Lower Bollinger Band upwards. As always, we also need to keep an eye or 2 what BTC is doing & may potentially do. Apologies for the lack of post, it’s been a busy time. I hope this is helpful with your Trading and Hold-ing.
BINANCE:ADAUSD
by entertheroach
1
VeChain - Keep an eye on key levelsVeChain analysis: VET is back above its 50EMA for this 1D timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is still walking upwards on the inside of the Upper Bollinger Band. VET has found some resistance from its Pitchfork Median Line. If you are Long and waiting for confirmation then a close and successful retest of the Pitchfork Median Line as support is crucial for you. VET is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range that i have selected. Note that VET has closed 3 volume bars in the green but they have all been below the Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing strong positive momentum and the MACD Line (Blue Line) is now in the positive zone. The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Yellow Line) at 29.89 above its 9 Period EMA (White Line) which is at 29.25. the +DI (Green line) has increased to 22.95 and the -DI (Red Line) has dropped to 9.85, this indicates an increasing in Positive momentum while a decrease in Negative Momentum. The Chaikin Money Flow (CMF) is indicating that the CMF (Green Line) is now back above the Zero Line & back in the Accumulation Zone at 0.02. Note that the CMF (Green line) is way above its Least Squares Moving Average (LSMA) which is at -0.07. The Relative Strength Index (RSI) is showing strong upwards momentum, note that the RSI (Purple Line) is still safely above its 9 Period EMA (Yellow Line) and note that the RSI still has room to move up before entering the Overbought Zone on this 1D timeframe. So if you are waiting to go long on VET, a break above the Pitchfork Median Line and successful re-test of that level as support is crucial for you. If VET cannot make it back above the Pitchfork median Line then it could drop back to its Bollinger Bands Middle Band Basis 20 Period SMA as potential support, and as always, we need to keep an eye on what BTC is doing. I hope this is helpful with your trading and hold-ing.
BINANCE:VETUSD
by entertheroach
3
ADA - Ascending TriangleADA 4hr Chart update: ADA is in the Ichimoku Cloud Equilibrium Zone for this 4hr timeframe. ADA has found some resistance from its Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. ADA needs to cross over turn this level into strong support for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA needs to turn this level into strong support. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is low for this 4hr period and the Volume Bar is below its Volume 20 Period Moving Average. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still above the price from 30 Periods ago. ADA is in an Ascending Triangle Pattern (Dashed Line). If any potential breakout happens to the positive side then we need that breakout to be on strong volume and the Triangle resistance turned into support. The Moving Average Convergence Divergence MACD is indicating that the MACD Line (Blue Line) has crossed back under the Signal Line (Orange Line) which is a potential sell signal and has created a new red histogram. Note that the MACD Line is still in the positive zone above 0.0. The Chaikin Money Flow (CMF) is showing that accumulation has dropped to 0.03 and note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which is at 0.09. Note that the CMF is still in the Accumulation Zone. If the Bollinger Bands Middle Band Basis and Conversion Line (Tenkan Sen) cannot be turned into support then we may see another drop for ADA to the Ascending Triangle Upwards Trend-Line (Upwards Dashed Line), in which case there should be some good opportunities to acquire more ADA at slightly lower price if you are Dollar Cost Averaging (DCA). If you are waiting for full bullish confirmation on this 4hr timeframe to buy more ADA, a good sign will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new Green Bullish Cloud. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:ADAUSDLong
by entertheroach
BTC - 4hr Chart UpdateBTC 4hr update: BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected. Volume is relatively Low for this 4hr Volume Bar & the Volume Bar is below its Volume 20 Period Moving Average (Orange Line) so we may see a drop back to the VPFR POC. BTC is above its Schiff Pitchfork (A,B,C) Median Line. BTC is still within its huge sideways channel (Parallel White Lines). The Moving Average Convergence Divergence (MACD) is indicating theta the MACD Line (Blue Line) has crossed back above the 0.0 level indicating that a 12 Period EMA has crossed back over a 26 Period EMA on this 4hr chart indicating bullish momentum for this 4hr timeframe. Note that the green Histogram has lightened indicating a weakening of bullish momentum at the moment. The Average Directional Index (ADX DI) is showing that the +DI (Green Line) is at 21.94 and has crossed back above the -DI (Red Line) which is at 12.12. This indicates that positive momentum is now stronger then negative momentum for this 4hr timeframe. The Trend is a strong positive trend with the ADX (Yellow Line) is at 21.86 above the 20 Threshold (Dashed Line) and above its 9 Period EMA (White Line) which is at 20.37. The Chaikin Money Flow (CMF) is indicating strong accumulation with the CMF (Green Line) reaching 0.37 but now dropping to 0.29 on this 4hr chart. Notice that the CMF (Green Line) has dropped back under its Least Squares Moving Average (LSMA) which is at 0.34 so we may see a lessening of upwards pressure before the next leg up. When someone tweets, burps or farts “BTC will drop to sub $20K”, you have to ask yourself, is that a possibility? The answer is “yes” but rather then sh*t your pants, you have to set levels which will be a form of confirmation to you that such a drop might happen. My confirmation was the WEEKLY 50EMA. Remember that i stated many times before, “so long as BTC keeps closing WEEKLY candles ABOVE the WEEKLY 50EMA, then sub $20K will not happen”. Now, there is always a possibly an asset can produce a very big Wick upwards or downwards, but REMEMBER, its where the candle CLOSES that counts. and BTC never closed a WEEKLY candle BELOW the WEEKLY 50EMA. And that’s that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
4
VeChain - A traditional analysisA look at the VeChain Daily Chart using some traditional methods. VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this daily chart. VeChain is still below its 50EMA level on this daily chart. VeChain is in a Descending Channel (Dotted Line) on this daily chart. VeChain is also in an Ascending Triangle (Dashed Line) on this daily chart. The Ascending Triangle has a small upwards trend-line and a potential longer upwards trend-line. We can expect strong resistance at the resistance of the Ascending Triangle. We need the upwards breakout to be on strong volume and if there is a retest after the breakout, that resistance needs to be turned into strong support. Volume is still relatively low on this daily chart and the Volume Bar is still below its Volume 20 Period Moving Average. VeChain is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. VeChain is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. VET needs to stay above this level. The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is pointing upwards and the Signal Line (Orange Line) is pointing sideways. So we may see the MACD Line cross back ABOVE the Signal Line on this daily chart which would form new Green Histograms and is a potential buy signal. A full Bullish trend is confirmed when the MACD Line crosses back over the 0.0 level, this will be a signal that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart and would bring the MACD into the positive zone. The Relative Strength Index (RSI) is showing upwards momentum has increased and note that the RSI (Purple Line) is above its 9 Period EMA (Orange Line). The RSI is showing that VeChain has a huge amount of room to move up before becoming overbought. You all know how passionate i am about VeChain and it's future in the world of Blockchain. There is a possibility that VeChain might drop more within its Descending Channel before any potential breakout, so any dips should be used to accumulate more for your Dollar Cost Averaging (DCA). I hope this traditional analysis is helpful with your trading and hodl-ing.
BINANCE:VETUSDLong
by entertheroach
3
VeChain Daily Chart UpdateVeChain Daily Chart Update: VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways. VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart. VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level. VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected. Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA. The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart. The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart. The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum. As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud: VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards. The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator. Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling. VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed. VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe. VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe. VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price. VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up. I hope this analysis is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
ADA - 4hr chart updateQuick ADA update: ADA is below its 50EMA for this 4hr timeframe. ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. ADA is back in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. ADA is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. ADA is above its Volume Profile Fixed Range VPVR Point of Control (POC) for the range that i have selected. ADA has also found some support from this level due to the buy volume located at the POC. The Previous 4hr volume bar was above its Volume 20 Period Moving Average but was lower than the previous so we may see volume dropping slightly. At the moment of typing this, ADA is in a new Descending Channel. ADA needs to close a 4hr candle above the new Descending Channel and above the Bollinger Bands Middle Band Basis 20 Period SMA and turn those levels into strong support. The Chaikin Money Flow (CMF) is showing that ADA is back in the Distribution Zone and has dropped to -0.07. At the moment the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) which is at -0.11. But note that the CMF is pointing downwards and the LSMA is pointing upwards so we may see more distribution. We need the CMF (Green Line) to eventually cross back above the Zero Line into the Accumulation Zone. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 29.13 above its 9 Period EMA (Blue Line) which is at 25.81. The -DI (Red Line) is at 23.72 an still above its +DI (Green Line) which is at 10.72. Notice that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) is starting to pointing sideways, this is an indication of weakening negative momentum and we may see a possible increase of positive momentum. We eventually need the +DI (Green Line) to cross back above the -DI (Red Line) for this 4hr timeframe. At the moment, all cryptos are at the mercy of Binance & the market makers BTC manipulation, so we will have to see how BTC develops. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
1
BTC - Quick daily chart updateVery quick BTC daily chart update: BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility. BTC is below its Schiff Pitchfork (A,B,C) Median Line. BTC needs to eventually close a daily candle above this level. At the moment of typing this, BTC is below its Volume Profile Visible Range VPVR Point of Control (POC) for this chart range. At the moment of typing this, BTC is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is still relatively low for this 1D timeframe and the Daily Volume Bar is still below its Volume 20 Period MA. BTC has found some support from its Schiff Pitchfork (A,B,C) Lower Yellow Support Line. Note that BTC has bounced off this support line twice before on this 1D chart. This is a crucial level to CLOSE a daily candle above. Note that the 50MA is getting really close to the 200MA. If you don’t know, It is called a death cross if the 50MA crosses below the 200MA. Now for the good news…….. BTC is still above its Weekly 50EMA. The weekly 50EMA is the one to watch, even if the death cross happens on the daily, from my perspective that is not the end game, the weekly 50EMA is the deciding factor for me. If BTC keeps CLOSING WEEKLY candles ABOVE the WEEKLY 50EMA then all will BE WELL and we’ll just see sideways ranging within a range until the next run up. If BTC CLOSES a WEEKLY candle BELOW the WEEKLY 50EMA, then all will NOT BE WELL for BTC. Remember that BTC wicked 3 times below the WEEKLY 50EMA but did not close below it! If your longterm, its where the candle closes that’s important, not where it wicks to. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
A quick look at Volume Profiles using the VET ChartA quick beginners introduction to Volume Profiles. I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar. Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading volume can be for your charts Visible Range (VPVR), a Fixed Range (VPFR) of your choosing, or a Session Range (VPSV). A session range is 24hrs so 1hr will be 24 Candles, 4hrs will be 6 Candles, 1D will be 1 Candle. Volume Profiles can also give you a sense of if the price may encounter potential resistance or support at certain price levels due to increased sell or buy volume located in certain price levels on the chart. The Volume Profile Visible Range VPVR gives you trading activity values for whatever length you have your chart set at in whatever timeframe you are in, which is good for an overall feel but not good for a macro view of where the key volume areas are. Note that as you zoom in and out of your chart, the Volume Values and VPVR POC level will adjust. You can see that VET is below its Point of Control (POC) for this chart’s visible range. The Volume Profile Fixed Range VPFR gives you a more macro view in a range of your choosing, you can clearly see that the VPFR gives you a better view of where buyer & seller volume is located and clustered in the range that you’ve selected, compare that with the VPVR at the same level, which doesn’t really give a clearer macro view of recent buyer and seller volume values. The Volume Profile Session Volume VPSV, for this chart, gives volume levels for each 6 4hr candles or whatever timeframe you are in. A session is 24hrs so 1hr would be 24 candles, 6hrs would be 4 candles and 1D would be 1 candle. The VPSV gives you a more macro view of buyer and seller volume trading activity and where it is clustered. As you can see, each session has its own POC but i have only labelled the most recent one. VET is below its Point of Control (POC) for this 4hr timeframe. There is a HD version of the VPSV called VPSV HD, this version automatically adjust the histogram detail level when you zoom in and out of the chart. A few extras you can add to any of your Volume Profiles are the Developing POC and Developing Volume area, i don’t really use these as i find a quick glance at the Volume Profile you are using can give you a sense of where the developing volume areas are located, but some of you may find these useful. You can also add the numerical values to any of these Volume profiles as i have done. You can also add or remove rows to increase or decrease the histogram size and smoothness to suite your preference. Each Volume Profile tool is very useful, but the fixed range VPFR is my favourite because you can place it on any candle range of your choosing, even on just one candle which can give you even more of a macro view, which could be very useful to you especially if you are a scalper. The volume bar at the bottom shows how each candle for whatever timeframe you are in closed with regards to buy or sell volume gaining the upper hand. Its default is Green for Buy Volume & Red for Sell Volume. You can also add a Moving Average to your Volume Bar as an indicator of potentially increasing or decreasing volume compared to your Volume Moving Average. I just keep the default 20 Period MA but you can change it to a period of your liking. A very important thing to note is that any Volume Profile you use will only gives you the Volume traded for the Exchange Chart that you are using. So if you are using Binance’s chart, it will just show the buyer/seller trading volume for Binance, if your using a Bitfinex chart, it will show you just the buyer/seller trading volume for Bitfinex and so on. An interesting thing to note is that when most other exchanges are strong buying such as Bitfinex & Bittrex, Binance is usually going completely in the opposite direction and strong selling. Binance is the biggest exchange and has the most Volume going through it, so when the market makers & Binance themselves short sell the market, all other exchange volume is irrelevant as Binance’s traded volume completely controls the direction of the market. You can clearly see this on ByBit Long vs Shorts, sometimes you’ll see most exchanges are over 50% long, but because Binance’s Longs will be below 50% the crypto asset you are trading…… drops like a tonne of bricks. You can also clearly see this when comparing the Binance, Bitfinex & Bittrex charts I’ve added, the massive buying volume meant nothing from these charts because Binance is mainly shorting. Quite a few times, I’ve seen an exchange on ByBit at 95% long & most others over 50% long for BTC, but because Binance was at 48% long so 52% short, BTC dropped. Crazy & this is just my opinion but that’s how it is. Here is a comparison of Binance, Bitfinex and Bittrex charts: Binance: Bitfinex: Bittrex: Anyway enough of that rant. From my experience, Volume Profiles are very useful tools and should incorporate it into your trading strategy. I hope this post hasn't been too boring or complete boll*x ;-). I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
6
VeChain - a 4hr chart analysisVeChain 4hr Chart update: VET is still in the Bearish Zone of the Ichimoku Cloud. VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment. We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance. VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support. Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green. VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe. VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe. The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe. You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
4
BTC - Don't get corrupted by the emotion of othersBTC Daily Chart update: BTC is still above its WEEKLY 50EMA. BTC is back above its Descending Pitchfork Median line. BTC needs to turn its Bollinger Bands Middle Band 20 Period SMA into strong support. Volume has increased and is now above its Volume 20 Period Moving Average. Hopefully BTC can close this day as a green bar. BTC is still in a Descending Triangle so BTC needs to close a daily candle above the downwards trend-line and turn it into strong support. I have added a Volume Profile Visible Range (VPVR), you can see the Point of Control (POC) for this charts visible range. BTC is trying to get above this POC. I have also added a Volume Profile Fixed Range (VPFR), you can clearly see that BTC is above the Point of Control (POC) for the fixed range that I’ve selected. The VPFR gives us a more clearer, macro view of buying and selling for an actual candle fixed range. The Chaikin Money Flow (CMF) is indicating an increase in accumulation withe the CMF (Green line) in the Accumulation Zone at 0.10. Note that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at 0.06. The Average Directional index (ADX DI) is showing the ADX (yellow Line) has dipped slightly at 54.13 and is slightly still above its 9 Period EMA (White Line) which is at 54.07. The -DI (Red Line) has dropped to 28.08 and the +DI (Green Line) has risen to 11.94. Notice that the -DI (red Line) is pointing downwards and the +DI (Green Line) is pointing upwards. An important point that I said in my previous BTC post when BTC wicked below the Weekly 50EMA was that BTC may WICK a few more times below that level, but that the real CRUCIAL thing is if BTC CLOSES THIS weekly candle BELOW the weekly 50EMA. if or until that happens, any post about BTC dropping to $20K and below is pure speculation and traders trying to convince you & the masses to join them in their short sell. Seriously its true, when BTC wicked below the Weekly 50EMA, some people on TradingView thought that this was the end, it clearly isn’t, and as I’ve said many times, if your longterm, its where the candle closes that counts not where it wicks to! Remember that BTC still has 4 1/2 days left on this weekly candle. Don’t let people make you emotional and make hasty decisions, try to study a bit of TA and FA, practice and do your own research as that is the only way to cut out the BS. Because remember, it’s your money! I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
AMD - Daily with Fib Retracement and volume analysis AMD - Daily with Fib Retracement Also added the VPFR indicator to show how strong this tool is when you are trying to build support and resistance. Starting to incorporate the WAE (Waddah Attar Explosion) indicator by Lazy Bear. Volume is always something I am looking to increase my knowledge on, and a friend of mine recommended I give this a try. This indicator shows areas of trend strength, direction, "explosion" line, and a dead zone marker. Explanation from the indicator developer: "Various components of the indicator are: Dead Zone Line: Works as a filter for weak signals. Do not trade when the red or green histogram is below it. Histograms: - Red histogram shows the current down trend. - Green histogram shows the current up trend. - Sienna line shows the explosion in price up or down. Signal for ENTER_BUY: All the following conditions must be met. - Green histo is raising. - Green histo above Explosion line. - Explosion line raising. - Both green histo and Explosion line above DeadZone line. Signal for EXIT_BUY: Exit when green histo crosses below Explosion line. Signal for ENTER_SELL: All the following conditions must be met. - Red histo is raising. - Red histo above Explosion line. - Explosion line raising. - Both red histo and Explosion line above DeadZone line. Signal for EXIT_SELL: Exit when red histo crosses below Explosion line. "
NASDAQ:AMDLong
by BradWeber82
BTCUSD - Predicting with Volume Profile FR, Speed Fan, and FAPredictions for short term (1-7days): 9000-11500 Drop: $9700 - $9800 - $10050 - $10300 - $10500 High volatility possible in lower 9k region if we go there, 8k lowest if something crazy happens, ex. extreme bullrun Based on Vol Profile and retracements. Up: $10900 - $11500 Barring a huge dump, I believe we will continue to consolidate in the $10,000s region. Then riding along the price trend line around mid $11,500s. Short term, >$12,000 is hard as we would need to cross up a speed fan line. Parameters: Volume Profile, Fixed Range (VPFR) Speed resistance fan goes from trough to current peak Dashed trend lines are the price trend lines that I have found BTC to be riding. Zooming into the 1 hour chart shows a story. Why I chose 18 Jan. to start VPFR and retracement: I wanted to have a month's worth of data only to go off of. It makes it easier to find identify price trends on a smaller scale. Why I chose VPFR over VPVR: It allows me analyze a chosen section and keeps the same values even if I change scale. Speed Resistance Fan The lines act as supports/resistances. Drawn from trough to peak, it uses the Fibonacci ratio and is best with the Fib retracement. You can see BTC bounce in between the 1 fan and the .786 fan lines. If it falls through, the next fan is support. I don't believe we'll cross the 1 line soon. Volume Profile (Fixed Range) VPFR shows traders where the most trading took place, price range wise. It's a flipped axis volume. VPFR shows the largest trading volume took place in the $8,000-8,800 range, as well as the $9.800-$10,550 range, for a month. In our case, we can see that the reason for this is because of consolidation and reaching our old price ranges again. And by seeing where the most trading volume lies, we are able to predict that it is a point of support for us. VPFR has 3 lines shooting out of it. These can be turned off as they only serve to provide redundant information as an overlay; it is still helpful if you need it to see Volume Profile's values over the entire chart. POC: Point of control. This just shows the peak trading volume's price range. If value falls through the VA region to the POC, it can be seen as a strong support. Developing POC: This line shows where the POC has been before and where it is now. It can also be used as an overlay to show the peak volume region on the candlesticks. Developing VA: Value area. This is the region that has the most trading volume. If above it, it can be seen as a support. If below, it can be a stiff resistance. Fundamental/News Analysis: Bitcoin usually drops on Monday. In conjunction with rejections at $11k may be cause for concern. SEC Suspends Trading In 3 Companies Due To ‘Questions’ Around Cryptocurrency Ties : further legitimization of crypto as a currency by regulating it. Note, all three companies are owned by the same individual. source: cointelegraph.com/news/sec-suspends-trading-in-3-companies-due-to-questions-around-cryptocurrency-ties Most family members have met together already for Lunar New Year's. This means that any money to be taken from crypto has been taken; we might get some new money in a few days when they clear their red envelope deposits. Futures from established firms: Although the futures are a fraction of total market cap for Bitcoin, we must keep in mind that our markets are segregated due to KYC/citizenship laws. There is also the psychological factor that may cause it to lower. Psychological barrier at $11,000: for every $1,000 we hit, there are shorters filling orders. How much they can short depends on how profitable it would be for whales to drive the price up. No clear support: we rose quickly with little time for correction. VPFR is showing that we have had a high amount of trading in the lightly highlighted zones. The right axis shows the price points of those areas. I believe those will be points to watch.
BITFINEX:BTCUSD
by NeoButane