How to double your small ($250) trading account trading Bitcoin How to Double your Small ($250) Trading Account Trading Bitcoin
I started a degen account with $250 and almost doubled it in 4 days making about 6 trades. This strategy is not Financial advice and I'm only illustrating what I have learnt trading this way. This is the first video in the series and I'll be continuing the series , updating you on progress, winners, losses, my trading journal and some live trading, so make sure to Sub, like comment and share.
I show you how I entered my current trade, where I am looking to take profits and show you my pnl on Bybit.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
Volumeanalysis
SPY FED BLACKOUT I don't have a solid prediction on direction going into tomorrow on SPY.
Im trying to stay neutral due to the daily candle being a absolute banger of a gravestone Doji....The line in the sand, the weird moment in tug of war when both sides are at a stand still and the wining team makes there move.
I am feeling like the bears will win this overall, however im also seeing quite a bit of buy pressure on the smaller timeframes. So I could see spy pushing up to the low 399 area and then making a continued move up , or a fast rejection of that level for a blow out back down to low 385 range.
This is a FED black out week , and major earnings week so I do predict this week will be pretty choppy with a lot of give and take on gains / losses.
Again im staying neutral and might not even trade tomorrow.
The main thing i will be looking at is the 9ema , and the 5sma getting pulled to the point of control as shown via volume.
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break,
the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance
for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final
target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target
one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and
expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another
is to take a long trade on the inverse ETF SOXS.
Beyond Meat - The Vegan Short SqueezeIf looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a handful of highly shorted names and this is one of them.
Paired with bullish bets on these names with some sizeable money, overall indices this week finished on a strong close going into next week.
Above this $17.00 level on BYND is a volume gap where significantly less volume has traded as only 4 days moved it through this zone last year. These voids can sometimes fill rather quickly when price starts moving back through them. In conjunction with this, LBR MACD has a first cross which can be a long buying opportunity, with an RSI that has recently cooled off from overbought.
Today I opened a long BYND position. This is in anticipation that we test the upper part of the channel again as well as that $17 area, possibly getting into the gap. Mix in the fact that this stock has a float nearly 40% short, with earnings a month away; there could be a short squeeze over the next few weeks in this one.
MELI Engulfing Green Bar Three Line Bearish886.75)MELI is like a hydrid between Shopify and Amazon on the South American markets
Fundarmentally its revenue compared to market cap is more favorable than either of those.
On the weekly chart, MELI double topped to its historical high in February 2021 and September 2021.
It then descended to a pivot bottom in July 22
The chart now shows a large green engulfing candle taking out most or all of the previous
5-15 candles or a so called " Big Ass Candle". This could represent the end of a consolidation period
and the beginning of the resumption of down-trending price action. Last August a similar
engulfing green weekly candle preceded a downtrend.
I have plotted the long-term anchored VWAP and also the 6-month volume profile.
I will take a short swin trade if price drops below the POC line of the volume profile. ( 886.75)
If however, price approaches or crosses the VWAP ( 1060) I will take a long trade.
Given the stock price a 6 month expiration call or put option may be the best trade
method allowing for the taking of multiple contracts and then scaling out type trade
management stratery.
BTC are within POC monthly, but there are risk for it tooFrom the chart, i've used the Fixed Range Volume Profile (FRVP) and from monthly chart it shows that Bitcoin is in Bullrun position, also at the price range of 17k to 22k are inside the Point of Control (POC) area that might explain why there are sudden bullrun recently. This area might be a rebound area for the price to continue bull run, but there are also some risk that if the market turn into another bear than i expected that Bitcoin will fall maximum at 14,5k area. Finger crossed🤞, lets hope for the best
Decreasing volumes, weakness of the buyer. Breakdown The instrument after growth came to a sloping support line. Volumes are declining, which tells us about the weakness of the buyer to push the price higher. I expect a pulse breakdown of the inclined level with the support of volumes in the seller's glass, its retest and the reduction of the instrument to the lower support levels.
Matic invest opportunitiesentry and exit level specified
analyze is volume based
volume derived from other platform
Boeing hitting resistance, outside of 2022's value rangeBoeing is at the bottom of 2021's value range, with 2021's POC just above that. Just outside last year's value range and well above the POC. Weekly RSI is showing just about 70 (overbought) mixed with price close to touching the upper Kelt channel. I'm short a small amount of BA and looking for a retest of last year's value range of around 185-187.
DIS - Is the bottom in?It is hard to tell what is really going to happen to disney. The valuation on a fwd PE looks to be reasonably valued as well as a low price to sales ratio. The question really is, are they going to pay down their debt over the upcoming years and will they have the free cash flow to support paying down that debt.
From a purely technical standpoint, it is at the 61.8 retracement level from the 08 lows to the 2021 highs. With price going all the way back to 2014 and at two levels of big support, I think there is good risk/reward for the short term and potentially the long term if this is it's low. I think the big driver moving forward that has to become the dominant player in the space is it's streaming business.
A close below 87 and you can see volume drop off pretty heavily so this baby can fall fast. I will most likely look to short and pick up shares at $65 if that were to happen.
This is not financial advice! Good Luck!
VOLUME FLOW: SEMI'S ($SMH) AGAINST THE BROADER MARKET ($SPY)VOLUME FLOW INDEX:
Both $SPY (broader market) and $SMH (semi-conductor industry) are currently in a neutral trend as measured by their 13 Day EMA envelope (top box). Both are also residing in similar places within their longer term downward trends. It is only when we take a look at volume as measured by the Volume Flow Index (VFI) that we can uncover some relative differences that could prove meaningful in the near term.
Volume has yet to breach zero line (white horizontal histogram) to the upside in broader market ($SPY, see left lower box).
Volume has breached the zero line in the semi-conductor sector($SMH, see lower right box), as illustrated by the yellow vertical line. This would indicate good 'force' behind the recent semi-conductor rally as measured by 'volume follow through' which I would consider a measure of 'conviction'.
This could be indicative of a near term preference for the semi's amidst an overall run to defensives in the broader market OR it could just be that semi's are a little bit stickier than the rest of 'growth' and still have some downside wood to chop. Given the semi's association with 'Growth' this divergent volume trend seemed counter-intuitive to the prevailing narrative so I thought I would share.
(Not financial advice)
💎 Analyzing the Various Shapes of Volume ProfilesVolume Profile is a tool that shows how much volume (i.e. the number of trades) is happening at different price levels for a given asset.
It is used by traders to analyze order flow and make inferences about market direction, support and resistance, and potential reversal areas.
The patterns in a Volume Profile may appear random at first glance, but there are certain recurring shapes that can be used to make predictions about the market.
🔵 P-Shaped Volume Profile
A P-shaped Volume Profile is a chart pattern that typically occurs when a market experiences a sharp rise followed by consolidation.
The lower part of the P-shaped profile represents low volume rejection, while the wider upper part shows an increase in trading activity at a "fair" price.
These patterns are often seen during uptrends, but can also indicate the end of a downtrend and a potential short covering rally, which is seen as a bullish signal.
🔵 b-Shaped Volume Profile
A b-shaped Volume Profile is a chart pattern that forms when a market experiences a sharp decline followed by consolidation.
It is the opposite of a P-shaped profile and is often seen during downtrends. The upper part of a b-shaped profile represents low volume and an "unfair" perception of price,
while the wider bottom part shows an increase in trading activity and a balance between buyers and sellers.
If a b-shaped profile appears during an uptrend, it could potentially indicate a reversal. These patterns are generally seen as bearish signals, as they often represent longs exiting the market.
🔵 D-Shaped Volume Profile
A D-shaped Volume Profile is a chart pattern that occurs when there is a temporary balance in a market. The Point of Control (POC), which is typically located in the center of the profile,
indicates an equal number of buyers and sellers. Some traders view a D-shaped profile as a sign of a choppy or sideways market without a clear direction,
while others see it as an opportunity to anticipate a potential breakout in either direction as institutional players build up their positions.
🔵 B-Shaped Volume Profile
A B-shaped Volume Profile is a chart pattern that occurs when two D-shaped profiles appear within a specific time period. It is characterized by a single value area and Point of Control (POC),
although some traders may divide the profile into two separate "D-areas" with their own value areas. B-shaped profiles are generally seen as a continuation of a trend,
but it is important to note which POC is more dominant, as this can indicate whether activity was highest at the top or bottom of the profile.
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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
BITCOIN BREAKDOWNHave a nice day dear traders, we are here with Bitcoin
Bitcoin resumed its sharp move on Sunday evening early in the Asian session as I have been writing for the past two weeks. But currently I see less change, usually these moves determine the whole weekly trend but in this situation I would say the market went for liquidity at $16975 - $16920 and this is where the whales are taking long positions into swing trades. The last 40 years in the stock market, December has been 90% in the green which is currently indicated by the Fed's dovish policy
We are currently at the vPOC ( point of control ) of the Asian session for BTC which means that if we hold this level on the 30m chart and do not close at least 3 candles below $16930 then I see the current swing trend breaking out to the levels indicated on the chart around $17,500