This is a daily chart of GNOUSD on Kraken. Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line. Don't be surprised if you see a BIG move at the end of this coiling. Looking at price, based off of the Fib drawn from the high around $26 and the low around $13, we see some clear resistance at 0.382, a common area of...
This is a daily chart of ETCUSD on Kraken. Looking at some of the recent price action, it seems like we're in a trend line battle. If we draw an uptrend line (green) from the low around $3.5, we see that this is being highly contested with, right now. Similarly, if we draw a downtrend line (red) from the high around $10, we see that price has not used it much as...
Here's a chart that nicely illustrates how the 0.618 and 0.786 levels are frequently used as reversal points by the market. Price is ping-ponging back and forth between these key levels, and we can also see an almost full Volume Profile (parabolic in shape). The shape of this VP tells us that all the prices within this given range have been discovered, with the...
The PRISM Signals appears to work well especially at lower time-frames (even down to 5 min candles). The key is to maximizing true-positives is to carefully optimize the input parameters and scoring weights and detection thresholds for a specific given chart and timeframe. See also the 5 mins chart: Also shown here is the PDF script, which...
Friend of mine said "I hope Bitcoin will go a little higher". I truly believe this is the problem, too many wishes and hopes by inexperienced people trying to make a fortune, gambling / guessing with absolutely no technical analysis. It goes up so I buy now, sell later. Easy... Shit! It went down!... I hope it will go back up. Problem is, it might not go...
Accumulation taken place in late 2018 until February 2019 when the mark-up phase began to develop. Lesson: forget about the news, earnings , etc. This is a pure example of stock manipulation. Check volume for selling climax, spring and earnings report like the one on the 30th January to break the range. Well played by the composite operator. @Mikephicc
The chart explains how we can read a trend breakout and price volume action which can be very helpful in identifying momentum.
How Order Flow and Liquidity Move the Market Order flow is the key driver which causes market price to move, buyers and sellers enter the market at different price levels by either supplying liquidity (via Limit orders) or consuming liquidity (via Market orders). When the liquidity balance is tipped, being more buyers than sellers (or vice versa) at a particular...
Market cap is still low, but volume is rising again. Might see a new cycle starting.
NSTG had a speculative momentum run out of a short term bottom. This small-cap stock has finally broken out of its long term trading range to a new high. Now it needs to shift sideways to avert a falling stock price. There is some mild accumulation in the consolidation patterns that are representative of one or two Dark Pool giants and some pro traders who both...
Akamai Technologies Inc. reports earnings today with a solid start to a bottoming formation with Dark Pools' and then Pro traders’ footprints. The stock is currently at a completion level for the short term bottom. A Shift of Sentiment™ pattern formed between October and January. AKAM moved lower before finding the final low support from a previous Dark Pool Buy...
Market moves can generally be categorized as either an IMPULSE move or a CORRECTIVE move. A fast and strong move is described as an IMPULSE move. A slow and weak move is described as a CORRECTIVE move. Practical Exercise 1) Pick any currency pair, any timeframe, and identify the IMPULSE and CORRECTIVE moves on the chart. 2) Draw a line on the IMPULSE...
Just a example to show how gaps in the Volume Profile caused during fast falls or rises in price are filled at a later date. The gap between 4200 down to 3800 during the drop on 24th November was filled just over 24 hours later. The left window shows the volume profile prior to the drop and up to the bottom of the drop. The right window shows the volume profile...
Did you know that the word "wab" is a word? Seriously, check it out. Anyway, as much as I love trading high-volatility altcoins, I really don't like doing it on 15 minute periods. For most alts, you're risking getting stopped out due to dumps that are happening in the meantime. Yet, if you're willing to shoulder some risk and the market is "generally" positive,...
A group member had a question about why the stop loss was "so low" being 23% under the buy price. The reasoning is you need to avoid the liquidity zone, where price could easily be pushed. The purpose of our stop is to exit the trade if its no longer valid (not get stopped out only to see a pump happen afterwards). This could be another accumulation cycle, so...
detail in the chart, playing on the idea that the majority make use of the default tradingview settings for this indicator...
This indicator can be used as a simple measure of price action tradability. It's an alternative to volume that focuses on the gaps between close and open candle prices. The bigger the gaps, the more spread and slippage you'll get when trading.