Vu_Nguyen

Vu_Nguyen Updated 

In my opinion BTC has formed a Wyckoff Spring Setup, and it is ready for the next bull move. The following link is very very useful to read with my chart. phemex.com Accroding to Phemex (yes I copied it because I am lazy): The Wyckoff Accumulation The accumulation phase is a sideways and range bound period that occurs after a prolonged downtrend. This is...

Vu_Nguyen

Each of the major trends is identified using various indicators in 200 periods length + Volume Profile. The trend is only confirmed by a break out according to the DOW theory. That is why you see the confirmation date is LAGGED compared to the actual establishment of the trend. Key takeaways on the DOW theory according to Investopedia.com: - The Dow Theory is...

Vu_Nguyen

I have a feeling that if XAU cannot hold this trend, the next value zone with high volume would be 1747-1764 and 1661-1676 Breakout zone: Previous top 1814

Vu_Nguyen

For the 09 July down I was curious about where the DJI is located now So I plotted a simple moving FBBs, using the idea of clustered Fibonacci to display the current key points (I don't like drawing supports from the bottom, especially if it was coming out from a crash because it would be heavily affected by market sentiments. Bear in mind that the CLOSEST...

Vu_Nguyen Updated 

What to measure? Volume or share proportion? Recently I keep thinking about what metric I should use to measure the strength of a trend. Is it volume? Of course, the volume would be a handy metric to look for. But let me tell you something: Volume is often a biased figure, because if you only look for volume: (1) You don't have any idea on how much money has...

Vu_Nguyen

Couple things that show the current situation might NOT be the same as the 1929 Recession. The 2020 hiccup is more sudden, but with a clear indication that all the selling pressure has been diluted. I plot a simple directional ADX to figure out if the two situation is the same. The result? Surprisingly the 1929 Recession was full of "Positive Money" that has...