High Volume StatsThe below are just some statistics based on:
- Volume bars with 500% increase of volume.
- 15 minute timeframe BTCUSD.
- Baseline of the last 10 volume bars averaged against the current volume bar.
Since 21st July 2021 there has been 51 occasions were there has been a 500% increase in volume.
47 of these (500% volumes) has seen price retrace/recover that price action area.
Out of the 4 that are left 1 is below current price action with a price range of 29925 to 30525 .
This is not a trading call but more of an observation of reviewing past price recovery of volume bars that are equal to or exceed 500%.
Trade safe, DYOR.
X-volume
CAKECAKE
CAKE is also after huge and health correction. Price is in the small
yellow acummulation rectangle. If the CAKE want be able to do something - he should react on market at the current moment. So going up soon.
If CAKE and market fail we will see CAKE back in the green support.
But looks bullish.
LBL_CZ
SNX and the Chaikin Money FlowKnowing what is in store for Synthetix Network Tokens (SNX) has kept me in for the long view. I have been fairly impressed with the Chaikin Money Flow (CMF green line on bottom of chart) attempting to maintain positive territory (staying above zero) for SNX even as ETH goes negative. Right now, it seems SNX is more closely tied to BTC money flow. Should be interesting to watch knowing that BTC is King Crypto and will eventually rise to unimaginable price value... even from here. Here's to SNX continuing to mirror. It will eventually pay handsomely.
EXRD/USDTSecond TA.
Possible scenario?
Feedback is welcome.
I am going for the Volume at the rotations (fixed range).
I focus at the POC's from past, even consider the HVN and LVN in this areas.
LYFT Downtrend Range 2HRLFTY has seen a downtrend range since March 21', and keeps making lower lower and lower highs. Chart may look a little messy with the VPA, but here are the notable things about this pattern:
-Both support and resistance have had 2 high touches, with the 2nd touch nearing the resistance (support has had 3 touches)
-The ellipse shows a Head/Shoulder formation, with the neckline confirming a sell on the break, further rolling LYFT down the hill
-VPA suggests that the downtrends overall POC (shown in yellow) and the green POC show a average POC of $54.40-ish
-Red VPA suggests there will be a battle of $50.50, however , most of this volume was realized this last earnings call - nearly 425k to be precise, so 'battle' might be closer to $48.48 (in between red and green POC's)
-Nov. 5th gap. Historically, LYFT has had a decent rate of filling the divots, I expect this to not be different.
-MACD in stagnant divergence over the past few days.
Nevertheless, I believe LYFT will follow the trading bands for the moment, possibly making another touch on the support.
Analysis of BTCUSD levels of interest; suggested price Vmax zoneBulls will need to see this volume bar at continue to increase in magnitude. Failure to further develop the volume at the current spot price likely suggests pullback potential; pullback potential is limited, perhaps, to the next lowest volume profile peak circa ~56,965 USD. Notice, the 54,391.69 to 49,244.89 has notably low development on the volume profile; this low magnitude suggests that in the event of a pullback, price action will move with high velocity through this area. Peak velocity of price movement is expected to hit a Vmax at 52,630.94. However, this is better considered a price level of high importance, as it could easily also become a new support level, where buyers seek to buy BTC at a "discount," or, in stark contrast, breakdown into this level could potentially lead to a drawdown/correction - only time can tell. No recommendations. Not trade advice.
SDC - Finding the extreme topsAs Smile Direct Club becomes the newest "Meme" stock. It's the fun guessing game of predicting a top where no obvious obvious resistances can be found.
You can look back on monthly / weekly levels to try and have faith in those lines being retested. But which do we ignore and which do we believe?
You can do fib to try to align the previous supports / resistances to predict another.
Thankfully, we are not at all time highs and there are very old levels which are important.
Monthly Volume Weighted Prices become important levels. People "holding" for a change to sell can have that chance at these levels.
Already, the 7.45 was tested and acted a strong resistance. This line was drawn on the first of this month.
The next most important levels are 9.27, 10.67, 12.34, 13.27 and 16.8.
It is extremely tough to say it will absolutely hit these levels, but if you are looking for a price to sell, be sure to draw these down.
ES getting wound up tightYou can see that ES is winding like a spring. Here it sits between the 2 green support and resistance lines and narrowing Bollinger. And also looking at daily volume it is pretty low. In last month we hit lowest volume in 3 month and 6 month period. All this to me means we may be at a high and in for nice drop.
Has Carvana Run Out of SteamCarvana ( cvna ) has been in a rally since mid-May and recently Carvana beat earnings by over 160%.
Shareholders who have been riding this profitable rally have raked in over 59% in unrealized gains. These same shareholders should now start to wonder if it's time to take some of that profit.
For online used car dealer Carvana, acquiring vehicles is less of a problem, said CEO Ernie Garcia, but the company faces a different kind of supply constraint.
Garcia said, "Over the last several quarters we've actually bought more cars from our customers than we've sold them. But we don't have the capacity today to certify as many of the cars as we could buy and we have more demand than we can handle as well."
The question savvy investors are asking is this. Has business for Carvana reached a ceiling for now, and therefore, has its stock price also reached the same point?
The stock price fell into a range of $328/support and $340/resistance for about two weeks before earnings. Then, after beating earnings, the stock price had a burst of momentum.
Now, the stock price, volume, and RSI have all turned lower while the economy is shifting and FUD enters the market.
So the question to ask must be; has Carvana's stock run out of steam for the next few months?
long On BTCUSD Fibonacci confluence zone in the puple box...Entry for LONG is here because there are no signs of smart money or institutional buyers getting out yet. Tons of money is still in the market and we will see clearly when they pull out but for now we stay in and go LONG again for a third snipe!
JSE:NPN NASPERS Do Not Get Sucked into Yesterdays RecoveryWe have been following the markdown of Naspers - see posts below. Yesterday there was a sharp recovery but one should not get caught up and think it is time to go long. Naspers remains week and the current bounce is just a retest of the yearly pivot levels. Naspers remains weaker than the market and there are no indications of a recovery. The bounce may indicate a consolidation range is starting, but it still looks like more weakness to come.