QQQ shows a reversal is nearQQQ experienced a number of turning points showing increased weakness in the sell off we have been seeing over the past week.
False breakout to the upside
Strong growth in volume confirming the breakout direction
Hammer candle on close indicating reversal maybe coming after later day retracement
RSI breaks above SMA line for first time
This change in direction we have seen today with a new interest from the bulls shows that ever selling we experience going forward will likely be tested by the bulls again.
For trend traders I would recommend sitting on the side lines until we see a stronger trend form either to the up or down side. This current down trend is showing weakness.
M-oscillator
NOT will get a new impulse.I bided my time to share my thoughts.
1. The crowd started reacting to Durov's arrest as if the whole life of the crypto project is equal to the fate of a media person. And the people who shouted the loudest, they don't even realise that they themselves believe in this connection. all is well with Durov, so all is well with NOT. These people are a long way from the philosophy of libertarians, much less anarchists. Contempt for the hysterical. By the way, the most important tech evangelist of Telegram is not Pavel Durov himself. It's his brother Nikolai Durov. World champion student coder. Durov is a visible public face. They're like Oskar Schindler and Itzhak Stern. One creates the presentation, the other creates the ideas.
2. I assumed that the absurdity of the charges (failed to help disclose a protected communication = helped distribute drugs, nonsense) would run into very expensive lawyers that Durov could afford. I'm sure the fact that he's out on bail shows that the charges were met with a decent defence. Complicity sounds ridiculous.
3. Important detail. Many people noticed this in Russia, but I'm not sure it was noticed elsewhere. On the eve of his arrest, Durov flew to Azerbaijan. The Russian press leaked versions that he would meet with Putin there (he was there on a state visit these days). Analysts speculated that since another Telegram blockade had just begun in Russia, Durov was travelling to try to negotiate something with Putin. Soon a report appeared ‘Vladimir Putin did not meet with Pavel Durov in Baku.’ It was only after that that Durov flew to Paris, where he is arrested. What if this is a necessary step by Durov to dismiss the stupid charges through the court, to find a new formula for co-operation with the authorities and to better protect his business? If these arrest warrants are in place, then there must be some way to prove that they are ridiculous. Because he clearly lacked the support he may have been looking for from Putin. So he took the risky step of coming to France. Somehow people thought it was a colossal mistake. Not a calculated business risk. So he needed business in Europe. Durov's already out on bail. Being under court supervision doesn't stop him from doing business. He's not in jail. What if tomorrow we find out that Telegram changed its protocol for co-operating with the police on child pornography? And in court, the prosecution's case would be shattered by the defence? Therefore, the whole thing was worthless.
4. people who are completely confused in their heads are despicable. They write NOTcoin and mean TONcoin. They write TONcoin and mean NOTcoin. And all this only because they heard somewhere that all this is somehow connected with Pavel Durov, and therefore it is the same thing. Such guys not only can't be trusted with the keys to cryptocurrencies, they can't even be trusted with the key to their own flat. Exaggerating concepts and meanings is disgusting. NOTcoin is not TONcoin. Yes, it is an asset integrated into the TON system. But TRON has a lot of things integrated into it as well. However, some coins on TRX are rising, others are falling. No need to generalise. NOTcoin is related to gaming. TONcoin is a more universal currency, more like classic money.
5. VFI LF on the 4 hour timeframe is showing increasing volume flow, and even the slow volume EMA is about to move to the upside from zero. To watch.
6. In Russia there is a saying ‘Fear has big eyes’. This is the very case, as they are now looking at NOT. Forget about Durov. He is not a tsar or a god or a hero. An asset is an asset.
7. As with the rest of the market, we need a falling bitcoin dominance. This is far more important than whether Durov is in jail or not.
Against the TrendYesterday's Hanging Man may become confirmed toy by another one. This may indicate that there is a downward correction due after the 50% rise within less than 2 weeks only.
The momentum is declining.
How to use Implied Volatility Index to analyze Bitcoin▮ Introduction
Bitcoin is known for its price volatility. Analyzing the price chart alone is often not enough to make buy and sell decisions.
Implied volatility indexes such as DERIBIT:DVOL and VOLMEX:BVIV can complement traditional technical analysis by providing insights into market sentiment and expectations.
▮ Understanding DVOL/BVIV
DVOL and BVIV measure the expected implied volatility of Bitcoin over the next 30 days, derived from real-time call and put options.
DVOL is calculated by Deribit, the world's largest Bitcoin and Ether options exchange.
BVIV is calculated by Volmex Finance; the data is extracted from exchanges (currently Deribit and OKX), and then combined into a single set.
* In addition to Bitcoin, it is possible to analyze Ethereum-specific instruments through the ticks DERIBIT:ETHDVOL and VOLMEX:EVIV, whose line of reasoning is the same.
▮ Interpreting the chart
🔶 High DVOL/BVIV values indicate that the market expects greater volatility in the next 30 days. This is usually associated with uncertainty, fear, or expected major events.
🔶 The index does not indicate the direction of the price, but rather whether volatility will increase or decrease.
🔶 Low values indicate an expectation of lower volatility and are usually associated with calmer and more optimistic markets.
🔶 To get an idea of the expected daily movement of Bitcoin, simply divide the DVOL value by 20. For example, a DVOL of 100 indicates an expected daily movement of 5%.
🔶 Divergences between the price of Bitcoin and DVOL/BVIV can signal inflection points.
🔶 Price rising with a drop in DVOL/BVIV may indicate exhaustion and a potential top.
🔶 Price falling with a drop in DVOL/BVIV may indicate exhaustion and a potential bottom.
▮ Example
The price of BTC here is at the top in white.
The DVOL and the RSI of DVOL are both in red.
The reason I put the RSI here is that it is easier to analyze DVOL, since the values are in a fixed range, therefore easier to interpret.
On March 25, 2022, the RSI shows a contracted value of 30, that is, low implied volatility. This foreshadows a period of calm that precedes a period of agitation.
In this case, the “agitation” soon materializes in a period of price decline.
When the RSI then reaches the upper limit range, at 83 (on May 12, 2022), a peak in volatility is characterized.
Then, after that, it begins to decrease. This decrease in volatility in DVOL corroborates the moment of Bitcoin’s lateralization within the orange box.
▮ Conclusion
Although DVOL and BVIV should not be used in isolation, they can be valuable tools for confirming price chart signals and anticipating major movements.
Incorporating implied volatility analysis into your strategy, can improve the timing of entries/exits and help manage risk.
⚠️ But remember:
Just because a strategy worked in the past does not mean it will work forever.
Past profitability is no guarantee of future profitability.
Do your own analysis and risk management.
Bitcoin is Bullish Long Term - Next Wave is Coming!While there is some danger of a deeper correction in the near future, the longer term picture is strongly bullish:
Bitcoin is clearly in an uptrend on the monthly timeframe. Higher highs and higher lows. Even crashing all the way down to 30K will not violate it.
Elliot waves: we have completed 3 waves so far and we're in the wave 4 right now. Wave 5 can be expected next once the current correction/consolidation is finished.
The cycle is far from over yet. It can last until the end of 2025 and the new ATH can be estimated to occur somewhere between November and February. Read more in this post.
Monthly RSI hasn't reached the extreme values it reaches every market cycle top yet. It can be expected to reach 87-88 this time based on the trend line you can see on the chart below.
QQQ showing more selling to comeQQQ throws signals that bears are still firmly in control and the downward trend should continue
QQQ tests major resistance line, fails to breakthrough
During recovery in late day trading volume steadily decreases showing disagreement in recovery
After hours shows a significant sell off which has recovered some since.
RSI falls in step with price showing no signs of reversal coming
Next major support line is around 463
Today marked the first day of strong downward trading breaking through support and holding. We are looking at more selling to come
SMH throws mixed signals compared to QQQSMH indicators, EMA crossover, and stock throws mixed signals
EMA remains below its SMA line
RSI breaks slightly above its SMA
stock price remains firmly inside lower resistance line
SMH is rather prone to false breakouts. So the RSI breakout above could be a fake out for sure. Prefer to wait for extra confirmation of new direction with SMH before making trades on it.
SMH is overall giving more bearish direction than bullish.
Short position on COMPUSDT / Follow for updatesBINANCE:COMPUSDT
COINBASE:COMPUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
On the Chart
SL:
On the Chart
The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel.
Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible:
1. Liquidity grab (Sellside liquidity)
2. 0.5 Fibo
3. 0.618 Fibo / bottom of the ascending channel
4. The target is the local high, which is at the midline of the channel.
Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
Volkswagen: BUYThe Doji on the Monthly chart shows that the downtrend is exhausted at historic Change of Polarity support. Stochastics are oversold. Price hit the Monthly Bollinger lower band and Yearly Pivots Fibonacci S1 support. Target is next major Fibonacci level above which coincides with Daily chart Falling Window resistance.
Long: 105.70
Target: 125.00
SL: 100.7
Max 10% of trading capital.
Deep dive into Acceleration / Deceleration Indicator Hello, Skyrexians!
Last time we discussed how you can use the Awesome Oscillator to create profitable crypto trading strategies and which type of signals it generates. Today we will deep dive into Acceleration/Deceleration (AC) the next Bill Williams indicator, which can also enhance your cryptocurrency trading strategy. This indicator also can be valuable not only for manual trades, but also for developing your crypto trading algorithm, crypto algo trading platform, crypto trading bot, ai trading bot or grid bot.
The main thing is to understand what is the AC indicator and which signals it generate, which signals we shall use in crypto trading like top crypto traders. Let's go!
What is Acceleration / Deceleration?
The Acceleration/Deceleration Oscillator (AC) is a technical analysis indicator developed by Bill Williams, a notable trader and author known for his work in market psychology and trading systems. This indicator helps traders identify changes in market momentum and potential trend reversals.
How the Acceleration/Deceleration (AC) Indicator Works? The AC indicator is based on the idea that the momentum of the market (speed of price movement) often changes before the price itself changes. By identifying these shifts in momentum early, traders can anticipate potential trend changes.
The AC is derived from the Awesome Oscillator (AO), another indicator created by Bill Williams, which is the difference between a 34-period and a 5-period simple moving average of the median price (the average of high and low prices).
The AC is calculated by subtracting a 5-period simple moving average of the AO from the AO itself. Mathematically, it can be represented as:
AC = AO − SMA5(AO)
Where AO is Awesome Oscillator (calculated as the difference between the 34-period SMA and the 5-period SMA of the median price). SMA5(AO) is 5-period simple moving average of the AO. Now let's consider which types of signals AC can generate.
Long Position on APTUSDT 1H / (Volume Projection)BINANCE:APTUSDT
COINBASE:APTUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
5.96
6.05
6.15
6.25
6.32
6.45
6.52
6.60(In Optimistic Scenario)
➡️SL:
5.6
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Long Position on ZENUSDT / (Volume Projection)BINANCE:ZENUSDT
COINBASE:ZENUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
8.09
8.39
8.73
9.07
9.46
9.78
10.20
(In Optimistic Scenario)
➡️SL:
6.80
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Highstreet (HIGH) - Easiest long trade.. ..since long trades were invented. Basically it is free money.
On above 3-day chart price action has corrected 80% since 20 days ago! Market participants have capitulated. Take advantage.
Previously price action has corrected to confirm support on past resistance. Sure it will break if it is meant to this time, but not right now. That is what makes this an easy trade. Look left.
The previous two support confirmations resulted in bounces of 50% and 100% (growing), respectively. On this bounce sellers are absent, which will make for a stronger support confirmation than the previous two.
How can I be so sure? Experience laddie and ladets.
Zooming in down to the 18hr chart we can see all oscillators are now recording bullish divergence (black circles). Divergencies that were just as strong when the market was bearish. This time on the reversal.
Is it possible price action correction further? Sure.
Is it probable? No.
Ww
18hr
GOLD - ShortGold maintained its upward momentum, while a negative divergence formed with the RSI oscillator. As the price reached its new ATH (all-time high) at 2,530, the RSI oscillator remained in bullish momentum above 50 and formed a negative divergence which Is an early warning for a probable retracement. Next levels lower to look at 2,446 & 2,360
GBPUSD - ShortGBPUSD trading in an upward channel, where the price is currently trading below its upper band. However, a retest of the upper band level along with the resistance at 1.3140 is probable before the retracement lower. The RSI currently is at its overbought level strengthening the opinion of a retracement. Next probable target is at 1.2920 and if continue lower 1.2870 coming into the scope.
Here’s a warning for latecomers to the EUR/USD rallyEUR/USD has surged to highs not seen since July 2023. However, such has been the rush to buy since the start of August, it’s now sitting at extremely overbought levels on RSI (14) on the daily.
That should be a worry for late-to-the-party longs considering that outside the early stages of the pandemic, whenever EUR/USD has been this overbought, it’s coincided with some form of near-term top. Some have been small reversals, other considerably larger.
While that doesn’t guarantee another reversal on this occasion, it is a warning to those chasing the pair higher ahead in anticipation of Fed rate cuts. They were priced in long ago with the magnitude of expected easing not really changing over the past fortnight even as the dollar sank. The move comes across as technically driven, potentially making the signal from RSI more significant.
If we were to see a EUR/USD reversal, 1.1140, 1.10452 and 1.0948 are downside levels to note. Should the signal from RSI prove to be false, a continuation of the rally would likely target a push towards 1.12760, the high set in July last year. Watch for a topping pattern to strengthen the conviction of the trade. That’s not arrived yet on the daily timeframe.
DS