Today, I would like to do a swing trading analysis using just Volume Profile and Price Action. What got my attention this time was Gold. Its price has been rising and it hasn’t been this high for 7-8 years! As the price is moving upwards there are zones where the Volume Profile shows heavy volumes. Those are most likely areas, where buyers were adding to their...
We are sure that much of us missed a perfect long trade entry in AAPL but we should not miss a good short trade entry in this stock and possibly the whole stock market
hey guys, what a bullish rally on gold. 3 strong bullish daily candles in a row... HOWEVER, analyzing the historical perspective we may notice that price is entering a historical resistance cluster: 1780 - 1802 is a supply zone based on 2011 - 2012 price action. on a daily the price formed a harmonic movement with D point lying perfectly within the...
We assume that the false breakedown which was announced in previous reviews has been woeked out. At this stage we are observing an incipient long trend.Investors' sentiment is at medium negative levels and that leads to believe in the continuation of a growing trend.An exit of price above 9900 will confirm our expectations. Altcoins: (Considered coins are LTC,...
Here we see GBPJPY on the 4 hour chart. we're currently in a bearish market as lower lows and lower highs are being created. The current price is at a key aread or resistance but also sat in a fresh level of supply. I would like to see a break of this resistance which is marked around 134.000, this would bring in the Retail Buyers before we see smart money...
Hi Guys, I am seeing many traders, who shorted oil as they were thinking, it is overvalued, and will come down, especially because of the COVID-19. Look, at first don't try to trade according to news, because most of small traders learn the news, after they were priced in. Anyway, look at my previous analysis, i shared it when the prices were at 10-20 USD,...
After the recent confrontation at major obstacles (the stiff resistance of $10,000 level), bitcoin bulls attempting to show some resistance against the US Dollar on lingering fundamental news that global payment giant, ‘PayPal’ might launch the crypto trading mechanism, even though there are no specifics about the news. Many cryptocurrency exchanges ponder over...
The information in this guide is intended to get you started with your understanding of options, the terminology, and their basic characteristics. In addition to this guide, it is recommended that you study all information available under the education section of your broker’s website. Most brokers who cater to options traders provide good information that will...
Hello, This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features: - line.get_price() - a function used to get the price of a line object on the chart at a specific bar value - label styles - how to use the new styles added into Pine for your...
RSI and stochastic cannot stay up here forever. There is divergence. You can see higher volume on some red candles on smaller timeframes. June ends the 2nd quarter and here is an article about the possibility of big funds selling growth stocks to take profits and rebalance their accounts. www.cnbc.com
Inverted head and shoulder about to be form looking to enter a call option near MA 50 target neck line and higher
A probable Cup 'n Handle in the making on a high timeframe which is inclining a following downtrend in the very near future but a strong uptrend, when the handle doesn't retrace more than 30%, on the long term. !!!DISCLAIMER!!! I'm new to analysis since november 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any...
Okay this is too good to be true, but charts seldom lie. Applying the principles of vibration to the Bitcoin market, it is quite evident that the price of Bitcoin is aiming 1 million by Q3 2021. However it is hard to personally believe this, so sharing this analysis for the community's feedback. Time Cycle - 34 Days and 5 days gap for the next cycle to...
Here on the Euro we have a 222 pattern that fits due to the 3% tolerance outlined in the Harmonic Trading Volume 3 book Scott Carney published in 2016 (I THINK). The white line is the HOP Level for the Pattern! We have a classic Bullish Flag Pattern that has formed on the Daily chart and there is about 300 pips from PA now to the HOP Level. If PA closes above the...
Cup and handle pattern still on the going, but I change the objective price up to $4.9X to $5.06 MACD confirms the bearish movement, so we can expect the price goes lower, also StochRSI shows that we're on the bottom of the oscillation, so we can wait a few more days for the rising movement and the probabilty of a bullish trend if C&H pattern is confirmed. I...
The crypto market is following the stock market lock step. While the stock market as a whole is lagging, tech companies are propping up the market and have returned to their highs. Case in point with XTZ, while BTC has returned to it's pre-crash level, XTZ has not. It's trend has lagged and it's now forming this head and shoulders pattern. The only thing saving it...
Hello everyone, Ever since the early days of Bitcoin, skeptics have always asked – is Bitcoin a bubble? Is it just another inflated and overhyped trend? The concept of the “Bitcoin bubble” has intrigued people for many years – there have been a lot of calls and claims that the “Bitcoin bubble burst” happened on different occasions throughout time – but the...