X-volume
7 Logical Reasons LTC May See New ATH'sTicker: COINBASE:LTCUSD
Timeframe: Daily/All History
1- When taking a Fibonacci retracement from the all time low to the all time high we see that a possible front run of the .786 may have happened twice. Denoted by the gray box. If we were to retrace to the 1, we would see $3 litecoin, which, while I would capitalize like crazy, I don't think will happen.
2- Looking at the gray front run region we can see only wicks have been successful so far. Possibly displaying the markets value of litecoin and confirm the green support line in that area.
3- We can see a possible triangle forming from the low lows to the high highs, right now we're working our way back to the top of the triangle, where I think we may see our last reversal.
4- I'm no expert in this formation, but it's possible we're seeing an Adam & Eve forming within the triangle further leaning market bias towards bullish.
5- There's also a nice ABCDE forming in the triangle, tracing the A&E. Further making me think we will see our last reversal before our next impulsive wave out of the triangle.
6- Idk if this is a thing, but we can see a trend in volume spikes, leading me to believe if we break this triangle and confirm all of these patterns everyone may fomo into the market at once turning our wave 2 into a wave 3 and leading us to the area of the .382 retrace/extend overlap.
7- Finally pertaining to the chart, if the wave 2 is confirmed and wave 3 begins of the new impulse wave 1 up, I am almost certain we will see new highs by the end of the year.
*bonus*
8- Looking at the MACD you can see an upward cross overtaking the signal and the histogram ticking from under to over.
9- Finally, finally, the RSI is trending in a triangle that's confirmed on lower timeframes, it should break from D to E in the ABCDE correction and cool off by E leaving it under bought for the next impulse wave.
Short Term: Slightly Bearish
Mid Term: Bullish
Long Term: Very Bullish
Market: Neutral/Impatiently Bearish
Mega Falling Wedge. And what about the volume?Bitcoin has been forming a very large Falling Wedge over the past several weeks. We can see that support and resistance levels are bound by the wedge, and that we are nearing its apex. What will happen at the end of this wedge? Considering market sentiment and the current global financial climate, I'd say it's more likely that BTC will break downards. But there is a possibility (since this is generally considered a bullish sign) that we will see a reversal. Evidence of a possible reversal is in the fact that there is still so much money sitting inside of exchanges in either fiat or Tether. The founder of Binance recently, during an interview, divulged that almost all of the money which was "lost" from the Market Cap of Cryptocurrency is just sitting in the users exchange accounts. Possibly waiting there for the opportunity to buy back in. Waiting for the blood to stop spilling. What this indicates, to me, is the possibility that all of these people waiting to buy back in are going to see a single green candle and we'll likely see the biggest FOMO event of the year. That is, of course, if the CEO of Binance isn't lying...
The other thing I noticed which doesn't seem to be getting much attention here on TV is current daily trading volume VS what we were seeing near September. On most days, Volume is nearly double what it was when BTC was worth 3k... Why is this? Why is volume continuing to increase while the price of BTC continues to Decrease? Is this the impact financial institutions have upon our space? Pouring there money into the markets, but only to Short it?
We're getting pretty close to finding out what's going to happen to the industry. Either we break down support below 5500 and head towards 3k, then 1k, and ride that out for the next 2 years. Or we see all these Tether holders cause the years first Bull Run.
What do you think?
Weekly Updated #BTCUSD Volume Profile + Fibonacci AnalysisOrange lines represent volume profile high density areas which attract price and act as support resistance.
Cyan lines represent important fibonacci points
Purple area shows low volume areas which the price doesnt want to go into, but once in it, quickly moves below/above it.
Current analysis shows 6600 and 7200 areas remain strong resistance/support areas. Expect more sideways action until these are broken.
Volume Profile - Fixed Range/Session Volume/Visible RangeVolume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half)
1. Introduction
2. Use Options
3. Terminology
4. Example
5. Conclusion
1. Introduction
The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels.
There are a number of strategies the Volume Profile was designed to be used for, but I have found over the years most of it is useless in Crypto or it can be found with better methods. I will cover what I use it for in this educational piece.
Most traders use the default Volume indicator that measures Volume based on time instead of price levels. While this is semi useful, I remove that on all of my charts and use Volume Studies that are based on price levels for a more accurate view.
The Volume Profile can be found in the indicators section on TradingView shown in the link below.
imgur.com
As a note, I do change my settings depending on how I am using this indicator. I do enable Show Values, so I may see a detailed look at actual numbers. Also, I do change the amount of rows (Row Size) depending on how detailed of a look I need for the current situation. For the most part, I disable the P.O.C., Developing P.O.C., and Developing VA. I have found these features to clutter what I am looking at and not provide me with any kind of accurate or useful information. Some traders will disagree, but in reality they are just added features that rarely apply to crypto trading as a strategy. However, there may be times when they are useful and there is actual strategies that can be used, but I will not cover them because it will waste everyone's time.
2. There are 3 different ways to use it:
Fixed Range- This is used for a set number of candles. Upon clicking this, you then select the area you would like to study. This is extremely useful when studying past fractals and how they would apply to current price action. Also, they are useful when studying how a catalyst or black swan affected the price of an asset for future theories and trading preparation.
Shown below is a Fixed Range from December 10th to the 19th for Ethereum. ($415-$861)
Session Volume- This measurement takes the Daily close no matter what time frame you are viewing and sets individual measurements for that 24 hours.
Shown below is a the last 3 days as of this writing for Ethereum.
Visible Range- This option is useful for quick views of price levels that automatically adjust as you zoom in and out of the chart. Whatever candles are visible on the chart, it shows trading Volume at those price levels.
Shown below was Ethereum's last rally from $300-$1,425 and current correction. (Values have been disabled & row amount/size is set at 100)
3. Terminology
Point of Control (P.O.C.) – The price level for the time period with the highest traded volume.
Profile High – The highest reached price level during the specified time period.
Profile Low – The lowest reached price level during the specified time period.
Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. However, it is up to the trader’s discretion.
Value Area High (VAH) – The highest price level within the value area.
Value Area Low (VAL) – The lowest price level within the value area.
Too much unnecessary FUD, only panic time is 2xclose below $7600COINBASE:BTCUSD
Death crosses, "omg price going to $2800" analyses from people doing this for a living.. I see a different picture at the volume profile and fibonacci support / resistance analysis.
The price has been fluctuating for the past month between 9050 - 7750 range. At these two price points there is a confluence of very strong support and resistance lines. For example 7700 holds all time 0.618 fibonacci, which will be a bitch to take down. 7600 is also the Volume Area Low border since ATH, which was tested and very quickly rejected recently.
However, the price crossing the 7600 price and closing two days in a row below it would be a sign of stress and panic indeed, since it would be a Low Volume Node where the price can do very fast down movements. But we will cross that bridge when we get there. Until then, I think we should expect a up and down movement in the channel that has been established for the last month. Dont panic and sell before 7600!
BTC | Testing 3k6 Within 7 DaysI'm seeing a very clear and repeating pattern here. It's not unlikely we test 10k first, but there's my new target.
BTCEUR, example of a trend break after active accumulation.Example of a trend break after active accumulation.
The analysis was performed using the X-volume indicator. Thin vertical dashed lines indicate candles with active accumulation. The blue dashed lines indicate the process of redistribution. For details, refer to the instructions for the indicator. It should be noted that it is not true to speak of a trend change analyzing only a few bars.
Re-test of symmetrical triangle breakout and short opportunityProjecting a bounce and re-test of symmetrical triangle breakout ~10,800K. Downtrend to continue after, targeting 9K based on volume profile analysis. An aggressive short opportunity is in play at 10.8K using TD indicator. If a bearish price flip occurs at the target, enter with a stop loss at 11.1K, and targets at 10K, 9.5K, and 9K.
$BYOC Continues Making Highs With Upcoming Boustead Anncemnts$BYOC Has always been my long term play since October of last year when I first alerted it at .0050 I have said from the beginning this will be the stock to watch in 2018 and since then it has climbed to .08 I anticipate with the upcoming announcements from Boustead and the massive institutional investor ownership that has taken over the majority of the float that this stock will be trading in the $1 to $5 range by the end of summer going into the fall.
The market cap will not matter as it didn't on $OWCP when I called that one at .0040 and it went to $3.50
or a number of the MJ stocks I called in 2014 that went over 10,000% or $10 Bil in market cap value.
$GRDO Moves to 60% FIB Retrace and Updates NVSOS with Filing$GRDO paid the fees required to be current with the Nevada SOS. The process to have the revoked status taken off the website should be completed by Friday or latest next week Monday. The stop sign should also be removed by early next month after company goes current which will uplist it to Pink current.
The company has been making great strides recently after entering the just now blooming Bitcoin cloud mining niche with its own line of products. Including purchasing mining equipment for the first stages of development.
I expect $GRDO to be around .015-.03 by end of Summer time when BTC begins making its way to the 30,000 Mark
XTIUSDTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a basic version of the system on Trading view to help traders visualize the strategy.
XTIUSD
To open SHORT positions for XTIUSD , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid and we can see this pair climb to new highs. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will basket trade into the position on H1 and minimum 300 pips will be up for grab with small risk SL at swing high. Target 500 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
GBP/USD: Triangle Breakout? Calm before StormSimple analysis on this pair. We're looking at a triangle on a short time Frame, yet are not going to let it distract us.
This trade is simple. WAIT, for the market to hit the major support band to get in Long.
In the even the low volume transforms into big volatility and we breakout of the Red Descending Trend line, wait for a pullback to the Mov Avg and Get in Long.
Until the market does one of these two things, don't trade this pair. Keep it safe and profitable.