Possible entry points for $NASDAQ:QUBT NASDAQ:QUBT appears to be going through some consolidation after a quick runup.
I can see a couple of entry points.
The first is to fill a gap in volume established above $5.15 support.
My suggested entry target would be ~$5.45. This is the riskier of the two entry points, as you're buying as the stock is falling. See December 3rd as an example, where it retraced to the Fibonacci .5
The more conservative entry point is after the stock breaks out of consolidation. My criteria for that is that it closes ABOVE the recent highs accompanied by higher volume. I would set an alert closing above $7.90 to evaluate.
Vrvp
BIGTIME is trading above the visible range of the VPVRIf the price moves above the visible range of the VPVR (Volume Profile Visible Range), it indicates a significant bullish momentum and potential breakout.
The price has entered a low volume node (LVN) area
There's a possibility of continued upward movement due to lack of historical resistance in this new price range.
Anticipate either a strong continuation of the uptrend or a potential pullback to retest previous resistance levels, which may now act as support.
If BIGTIME is indeed support resistance flipping, we could see 30%, 80%, 300% upside.
Daily candle hasn't closed above the visible range yet.
If this is a fake-out, could consolidate back in the visible range and even revisit the bottom of the pattern.
BABA retesting the Point of Control and 3D 200SMA, will it hold?BABA could be changing trend.
It's retesting the 3Day 200 SMA.
The Point of Control (POC) represents the price level with the highest traded volume within a given range, making it the most significant level of price acceptance
When price retests a previously broken (VRVP) level and holds:
It suggests that the level has flipped from resistance to support (if price is above) or from support to resistance (if price is below).
If the S/R flip is a fakeout, we could go to the bottom of the pattern.
If we can hold the point of control, the trend could be changing.
Test overhead resistance again and eventually reach the top of the pattern.
KOINUSDT - Visible Range Volume ProfileWhat is the Visible Range Volume Profile Indicator?
The Visible Range Volume Profile (VRVP) indicator calculates the volume profile within the visible range of prices, making it an ideal tool for traders who want to analyze the most recent market trends.
Observations
70% of the volume was traded between $0.09~$0.55 (shown on the chart by the 2 horizontal blue lines (Volume Area High, Volume Area Low).
The biggest trading volume was between $0.09~$0.18.
On the right-hand side, you can see the VRVP indicated by green and red horizontal bars. Most of the time in this period it is quite even, besides one bar ($0.28~$0.37) that shows a much higher Value Area Up.
Personal Opinion
In my opinion, what we can see in the VRVP indicator adds weight to the theory that during these low prices, there has been massive distribution and accumulation from a few whales to the ever-growing Koinos community. This of course, is great news for the future of Koinos Blockchain!
Feel free to share your thoughts in the comments below and thanks for reading.
Why you should use VRVPQuick tip / one of my favorite indicators -
VRVP basically measures historic order book volume - helps you identify/reinforce significant support/resistance levels, helps set orders, especially limit buys, because you know where it's likely to catch support (at the edges of these historic high volume ranges). Also helps you prepare for fast moves up or down when it breaks through the edges of those ranges.
happy trades
CD
Long POWRWith BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a dollar again but that will be my final target rn with profit taking along the way. Entry was .38 with a SL of .29 for a rrr of 7/1.
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range.
We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way.
Target #1 - 254
Target #2 - 270
Target #3 - 288
Final Target - 311
I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level.
Risk/Reward on this is a healthy 5/1 with my stop out placed at 222.
Best,
Stew
Long KAVA to .88 Cents for 14%+ ProfitsAll my KAVA indicators are set to green and with our VRVP PoC under price as support along with our 50/200 SMA's, I think entry here in KAVA is of good value. I will be targeting .87-.88 cents with a SL just under the 200 SMA at around .72 cents. The RRR here is 1/2. Not bad for a likely 14%+ profit potential.
Bitcoin to 48k again?Numerous indicators are showing that Bitcoin may want to retest that 48k resistance level again. The retest comes quicker than I anticipated by I am not going to fight price action here. VRVP and FRVP support strong accumulation at or near the neckline of that inverse H&S pattern I have drawn. Neckline has been broken to the upside where there is not a lot of selling pressure. Playing a BTC long here to 48k with a SL just below the point of control (red line) on the VRVP.
BTC/USD and its crucial support and resistance areaLooking at this Daily BTC/USD Bitstamp chart from around Oct 2020 to 29th July 2023 (today) we can see a few obvious chart patterns that BTC is still in on this daily chart.
1) Ichimoku Y-Wave Pattern AKA a Broadening Wedge Pattern/Megaphone Pattern
2) Ascending Channel Pattern
3) Descending Channel Pattern
4) Rising Wedge Pattern
We can clearly see the crucial range that BTC must break ABOVE and turn into strong support, which is around $28,709 to $32,360 as highlighted by the channel with horizontal dotted lines with yellow shading.
This area has been both strong support and resistance quite a few times over the years.
As a Strong Support range:
Sat 2nd Jan 2021 to Mon 1st Feb 2021
Wed 19th May 2021 to Fri 23rd Jul 2021
As a Strong Resistance range:
Mon 9th May 2022 to Sun 12th Jun 2022
Monday 20th Mar 2023 to Monday 8th May 2023
Mon 29th May 2023 (1day)
Wednesday 21st Jun 2023 to 29th Just 2023 (as of typing this)
Using @LuxAlgo Buyside & Sellside Liquidity indicator, we can see that BTC is slowly filling up its Liquidity Void from around $29,611 to its bottom at $27,051. As we can see from the history of the chart, quite a few of Liquidity Voids do end up getting filled back up even after a long period of year and a half. We can also see that a Buyside Liquidity line is located almost exactly on the top of our important support/resistance area.
Using the Visible Range Volume Profile (VRVP) in its Delta mode, we can see what the Traded Volume difference was on each of the Volume Profile Bars for this entire charts visible range. Note that the Volume Area Up is Blue and Volume Area Down is Yellow.
Here is a closer look at this 1 day chart.
Note that BTC is still below its Bollinger Bands Middle Band Basis, the Lower Band is still pointing downwards and the Upper Band looks like it may curve downwards.
I have added a Fixed Range Volume Profile (FRVP) indicator from Thur 15th Jun 2023 to Sat 29th July 2023 (as of typing this). The FRVP is also in its Delta mode and you can clearly see the Traded Volume differences for each Bar. Note that again the Volume Area Up is Blue and Volume Area Down is Yellow.
Looking at the Chaikin Money Flow Indicator (CMF) we can see that the CMF Line is still in the Distribution Zone under its 0.00 Base Line and note that it is still Below its Least Squares Moving Average (LSMA) indicator. Note that the LSMA has curved upwards at the moment.
Looking at the Relative Strength Index (RSI) we can see that momentum has dropped and the RSI Line is still below its 9 Period EMA line. Using the Bollinger Bands on the RSI we can see that the RSI now has little bit of room to move downwards and a lot of room to move upwards before becoming over extended/overbought/oversold. It really is good practice to be on the lookout for any Convergence and Divergence with the RSI and the Price.
The key takeaway from this post, the Resistance Area from around $28,709 to $32,360 is very, very important! Note we also have a Buyside Liquidity Line located almost directly on $32,360.
For the Upside:
A successful Daily Candle CLOSE above the $32,360 level and any successful re-test as strong support will be a good sign of continued positive momentum to come.
For the Downside:
Failure to CLOSE a Daily Candle above the $32,360 level will be a good sign of continued sideways to eventual negative momentum.
Anyway, i hope this post is helpful.
BTC 1D Head and Shoulders formedI tried to explain this the other day, but I made a mess, being tired and sleep deprived.
First, I noticed the H&S forming on the 1W timeframe, shown by VWAP.
Although it's an intraday indicator, I also leave it on bigger timeframes for this purpose. It showed a pattern IN the candles.
I tried at that point to draw it on 1D, but the pattern wasn't so obvious, so I did it on 2D, where it was more pronounced.
When I published the idea, I left the 1D chart on and started talking about 2h instead of 2D.
But, If you look at that idea now, You will see that the pattern is fully formed and clearly visible on 1D.
The idea from the other day is linked below.
Targets remain the same.
If the 27k resistance doesn't hold, we have a hole on VPVR down to 25k, and the full potential of the pattern corresponds with the bottom of the 23k-25k range.
On my trend waves indicator at the bottom, the ribbon turned bearish (purple), the selling aggression is intense (grey wave), and Binance has problems with withdrawals...
If we don't get rejected at 27k, which is possible, judging by the smaller timeframes, we could have quite a pullback.
🚀Short-Medium Term $DOGE #Long Setup🚀#dogecoin #doge $doge #dogetothemoon
A short term descending wedge has formed, with the lower timeframe RSI's reset, down and away from the local POC. The bottom of this wedge has hit the immediate 0.618 fib level, however that more "macro" 0.618 level has yet to be reached. Coincidentally, the measured move of an invalidation would, in fact, take price down to this "Golden Zone". Here, I've laid out 3 different possible outcomes.
1) Wedge plays out and a new high is made around $0.083
2) Wedge invalidates and upwards short-term trend is lost and price bounces at the "Golden Zone"
3) "Golden Zone" is surpassed and the high-volume node below it catches the knife and price bounces even further.
#NFA #DYOR
AscendEX Analysis (ASDUSDT)⚡ I'm keeping an eye on exchange tokens for any danger alerts.
⁉️ I don't know why this ASD token is going up (leave your comment)...
🐻 On July 11, 2022 we had a bear trap.
🚀 Since then we have had an appreciation of 1,444.50%...
🤔 Could it be that the catastrophic events to come were already priced in this event?
⛰️ If even after the FTX collapse, the token didn't go downhill, most likely we've already found the bottom.
🏹 Speaking of now, a diagonal resistance break is about to happen.
Bolsonaro's election on October 30Bolsonaro wins in a risk return of 2 to 1.
For more information read the documentation:
help.ftx.com
If the current president is re-elected, the contract ends at $1.
Otherwise, the contract is finalized at $0 and the stake is turned to dust.
Bitcoin Bottom- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k.
- They just don't know how to use this tool and didn't understand how it works.
- if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool.
- The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or 2013.
What happened when BTC was Bearish :
- Actually when BTC dipped from 30,000$ ish, the columns started in the vrpv darker zone ( Less Demand )
- BTC reached 20,000$ and columns started to grow ( Demand Zone but Fear "Retailers" )
- Then dipped 17,500$ and the columns diminished size ( Good Demand " Smart Money" )
- This is at this point that you can detect a BOTTOM Zone. ( Darker zones + Small Columns )
Then what happened when BTC was Bullish :
- if you watch VRVP when BTC was growing you will notice the inverse.
- The Main demand was around 30,000$.
- BTC Reached 50,000$ and VRVP started to be darker ( More Demand impulse "FOMO" ).
- Then BTC reached 70,000$ ( No Demand ). ( Darker zones + Small Columns )
- i will post an exemple under this post to show a bad use of VRVP/VPVR. please don't use it that way.
Happy Tr4Ding !
The ART of the Fade.Tilray is a Cannabis stock, but the importance of this post is the art of fading.
I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are!
Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass of orders, I have used the two blue horizontals to show the outerside of range, and look how price has acted! Absolutely beautiful fades back into Value! honestly so beautiful.
Price attempts to break the outside boundaries before being turned around and heading back into the mass of orders, it is truly beautiful.
The takeaway from this post is the importance of using a volume profile in trading, as the big boys are! step up your game now!
Mountain to Mountain.This example of the CJ daily charts shows you how to trade mountain to mountain style, in other words between orderzones, when price rallies away from these areas of high transactions it flies to new mountain. Low VRVP bars show price will simply fly through it to find the buyers and sellers higher up!
VRVP and Fixed range profiles.In this post I wanted to do a breakdown of how to combine two profiles, so we had this big fall away from the VRVP, we had declining sized bars, we had less orders in leymans terms, so we can use a fixed range profile of the fall away to get a better reading of the orders in detail in the fall, remember VRVP gives a big scope, fixed gives a narrow scope, so price entered an area of Low volume which I labelled in the chart.
So we now look at the fixed range profile we see the largest bar of the fall, which I have labelled with the green chequered line, so price is miles away from fair value on the VPVR, it naturally wants to return here as shorts close their positions, and buyers find value in the currency, so we wait for the fixed profile to break chequered line and we aim back to the volume build up, and I want you to start calling this 'fair price', see how simple and easy that was?
So when price leaves the main VRVP use a fixed range on the down move to find the POC (Point of Control) AKA green chequered line, and aim back to the fair price, this is how you find value when trading!
Now when you see these crazy moves, I want you to break them down in a sensible and logical approach, treat trading like a business! become a master of finding Value!
More to come! ZenFlo