Practice*. PM for TA questions (not projections)
Refer to VSA for more detailed explanation of "no-supply"/ "no-demand" and "push-through AR/AS". Using Bollinger bands can be very useful for setting alerts. I like to know when price is testing any of the 3 points on the BB (lower, higher, median). Here, the 15 minute used for targeting the above signals. Practice* PM me any questions on TA or refer to the...
Well, friends... Hello again! After turn of day excitement and disillusionment, here a simple but important example of how key is to keep more than one exchange in check for key levels: 4.272 projection for 'wave 1', down at low 8000's, was hit on many, if not all (most relevant) crypto exchanges, except... Bitstamp. Now, not anymore. It cost some folks the...
Lesson learned (again).. Don't overlook the daily and larger times frames for key S/R areas. Definitely higher priority areas of volume information. Its very important to know where you are in relation to these area. Because your mind can entice you to buy right into a key resistance or sell right into a key support, this is very dangerous . Any time price goes...
Never received any formal Wyckoff training. Have been trying to put it together so if this is not 100% accurate, bear with me... its practice. Bing Wyckoff accumulation schematic and there you will receive a plethora of Wyckoff accumulation and distribution schematics. In my opinion, understanding what this is must be central to your trading style. Wyckoff...
Eurusd has been shorting for a very long time due to the dollar strength that has been going over the past years. I am still expecting shorts in the near future on this monthly time frame.I’m going to go ahead and set up breach points on the lower time frames to be able to see future short opportunities on this pair.
.. This is likely a stretch but: downtrend 3-4 day trading range (cycle) 8-10% move per cycle slight demand increase to slow down progress to the down side decreased supply pressure at 14 EMA converging with previous resistance (creating demand thus slowing progress).. Trying to think 2-3 times ahead. What makes sense? Where are they taking the price? Who are...
OBV is still within a range compared to price indicating further downside may be in store in the short term. However, looking at the broader picture, I believe a breakout upward is still likely by May as OBV and MACD are setting higher lows. With that said, if OBV breaks the range resistance and the downward triangle to the upside, this would be a good long...
as i was practicing =, this formation appeared. I thought there were a few things that stood out that were worthy of sharing. Always refer to Tom Willams VSA and Wyckoff for formal explanation and resource (never pay, resources are freely available)... background was an uptrend. Objective is to find entry signals that align with the trend on the back of SM. You...
Entering a short under 8130 doesn't look ideal to me, but it already dropped before I could finish this... The bit about lower volume on a higher high after a range break is what I look at to indicate top. It is a bluff by the 'market makers' to thin out the orderbooks and allow the price to float up without pressure, or simply shift the orders higher, to catch...
This is the first part of a tutorial series I will develop about trading concepts I use that are not well understood. I am using BTCUSD specifically, but the general ideas apply to every tradable asset. Volume is the amount of force applied to the market in both directions, buy and sell. It is "Ipso Facto" (by the fact itself) that force moves objects, with the...
My favorite Volume Profile setup EXPLAINED on recent trade on EUR/USD
New indicator everyone, info on the screenshot Have a great week, happy profiting. Indcator 1 Indicator 2
Here is current bitcoin's bias on short term. we can see that the down trend channel is holding true and current price is moving just slightly above the lower line of the channel. Not just touching it, it has touched the strong psychological support which is around $8000 region. we might see a dead cat bounce from this area and challenging the previous broken...
In this example the 1 hour is above and 15 min below. On the 1 hour chart the RSI support and resistance plotting tool is activated. The numeric settings are out of the box. The only change here is the color of the S/R lies and candle illumination. Once the indicator is activated i chose support and resistance levels that were closer to being in play and...
Will face stiff resistance around 445-450 levels. If breaks with volume then only go long. If supply area not broken, can see a slip till 425-420 levels.
This is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining....