Back testing from January Here I am back testing from January using ICT concepts, and volume spread analysis on CME_MINI:ES1!
Volumeanalysis
The asset is volatile. Time to sell!The asset is volatile, traded on volumes. The price got a reaction in the region of $ 0.77, made a false stab and went lower. Now we are trading in the sideways. Local highs are decreasing. I expect to exit the sideways and move lower. Goal - 0.55$
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
BTC failing to break above bearish volumejust a heads up, BTC looks like on face value its going to go up, but bare in mind, BTC isnt breaking above bearish volume as you can see with my relative volume profile at the bottom of the chart showing it isnt breaking above the red line, ignore the included strategy stats from the strategy i have on chart , it isnt relevant to BTC or the timeframe.
A small update about ETHIn the graph I have drawn and described the lines describing price and volume trends and their relationship to understand what's going on.
First thing I noticed the peak of volume happens in the mid of the leg down, and went to 0 meaning sell pressure gone and after that a correction to 1300 happened.
Right now the price is consolidating at 1250, but by the small trends being created by PA and volume we can see how the correction behaved similarly to the dump that caused it.
After that, small area of indecision I have highlighted with a cyan circle.
Now the latest thing to notice is price making lower highs and lows, with the volume beginning to increase again + I have glighlighted in red a confirmation by volume and price and their trends, I have explained in graph.
We're in for a second drop soon.
BTCUSDT - Phoenix Ascending BEARISHHi Traders, Investors and Speculators 📈📉
The markets have been trading bearish overall, with over 2 billion drained from cryptocurrency within the past 48 hours. This comes as no surprise to me, as I have been watching the DXY increase and the TOTAL crypto market show weakness. And so I made this idea a few days ago :
There is a possibility that we may correct towards the upside after this drop, we could even see a few altcoins increase over the next few days. However, the Technical Indicator Phoenix Ascending is showing that BTC is in trouble in the weekly timeframe, and if a reversal does not show up on lower timeframes, the next major support zone is only at $12500.
Looking for some hobbies or side hustles that make money? Check out these ideas 👀
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CryptoCheck
Huge player is systematically pushing the price in the spot ordeWaiting for the breakout after the next touch of the level. Huge player is systematically pushing the price in the spot order book towards the level. Be aware of liquidity grabs as volatility is high.
XRP: break strong support levelThe instrument is about to break strong support level. Both spot and futures deltas are red for more than 20 minutes showing the prevalence of sellers pressure. Open short positions on high activity before the breakout. Target - 0.4
Sellers are pushing. Interesting coinInstrument has formed long consolidation above strong support level. Volumes are higher than average. Waiting for the next touch and higher sellers volumes to catch impulse. Delta is stably red for 15 minutes in a row, showing increase of sellers pressure. Target - 0.0055
EUR/JPY Support On EUR/JPY is nice to see strong buying reaction from the price 144.770 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
CAD/JPY and new strong S/R zone On CAD/JPY is nice to see strong buying reaction from the price 107.270 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area + Rejection of lower prices is my mainly reason for this long trade....
Happy trading
Dale
Huge volumes. Easy money!On the FTT coin there is a clearly formed level with 3 touches which has been relevant for almost half a year.Now the coin has super increased volumes, at which we have come to this level and begin to form a trade.I expect a rise to the level and accumulation to enter the impulse breakout.
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX - broke out of consolidationCROX broke out of an Adam & Eve bottom on 29 Jul, however it began to trade in a wide sideway range for the next 3months. Part of the reason could be due to overall market weakness / bearishness and traders/investors were not bullish enough to want to push the stock decisively higher until they can see at least another round of earnings beat/guidance.
With the stock is now back above it's 200 day moving average and it is likley that it is on it's way to "recovery'. However I will not be too surprised that the path forward could stll be fraud with choppiness considering the overall market condition.
With the strong volume push above the consolidation range, any near term retracement could (hopefully) find support at Friday's large candle's low @76.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
DAL monthly bearish hammer DAL monthly bearish hammer, not the best entry, but expect further down movement in wave 5 of downtrend. Stop above the candle, take profit to point of control on monthly
DAX: Bull flag breakout, or has the high been seen?The DAX is set to open lower, but there are two potential scenarios to monitor; a bullish breakout from a bull flag – or the swing high has already been seen around trend resistance.
The DAX has rallied from the September low in three waves, which could either be part of a new bullish trend or part of a 3-wave retracement. If we look at price action alone, the rally from 12,000 has been strong and a potential bull-flag is forming. Should we see prices break above 13,000 then we’ll assume the bullish trend is set to continue.
But there are two potential flies in the ointment which could scupper such a break higher. The rally has been seen on declining volumes, which suggests the ‘rally’ is corrective and not impulsive. Furthermore, the bull flag remains stuck beneath trend resistance. And given we recently saw a -bar reversal on the four-hour chart within the supposed bull flag, we are on guard for a break beneath yesterday’s low to assume bearish continuation.
BNBUSD: Under a KEY RESISTANCE! What's next?• BNB is very bullish, but it has to face its most challenging resistance now, around $337;
• The $337 is a triple-resistance area, as seen in the daily chart, and only if BNB breaks it, we’ll see a bullish run to the next resistance at $413;
• However, if BNB fails in breaking this resistance, and triggers the Double Top chart pattern seen I the 1h chart by losing the purple trend line, a pullback is plausible;
• The next support level is at $299 (red line), near the 21 ema in the daily chart – making it a dual-support level;
• So far, the situation is under control, and the volume is quite high. Let’s pay attention to these key points.
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arkaDIKOUSD_ghostTrade_TradeGod - Long 800% 4hOKCOIN:DIKOUSD
ARKADIKO/USD ripe for a parabolic return to the previous delta volume divergence level @ 0.2504.
hidden volume divergence between the highs formed 29th - 30th on a 4h resolution.
Huge volume changes are evident over last 24hrs and believe the following is now expanding before us:
Entry: 0.0185 ✅
TP: 0.2504 - ETA =< Sunday 6th Nov 2022
Its a volume thing 😁 Enjoy at your own risk 🤔 as always...
PRINCR PIES, RSI SUPPORTmy support got supported by today's price action.
already that support was previously was supported to times.
this was a bear trap. and now the stock is ready to give a range breakout!
have a look at the increasing volume too.
RSI IS SHOWING A FALLING WEDGE PATTERN!
great time to enter!!
The Great MovementObservation:
On the chart on the left you can see the price of bitcoin from November 2017 to March 30, 2019 .
The very value of the price in this period does not particularly interest us, we are interested in the accumulation of volume.
On December 17, 2017 , the vertex was formed.
If you look at the chart of the open interest indicator, we can see a sideways movement in which the volume accumulated.
After the top was formed, the price went down sharply and volumes, according to the indicator chart, also began to be distributed.
At the bottom, the volumes accumulated again and in 355 days the volume was equal to 12.769 M .
After this accumulation, a large distribution occurred, after which the price rose upwards for a long time.
Schedule now
If you look at the chart on the right, you can see how the price moves from accumulation to distribution and how the indicator indicates this.
Thanks to the indicator and its lateral movement, it is possible to understand where the zone is formed, after which there will be a sharp movement.
At the moment, the accumulation lasts 144 days and the volume is already 30.187M , which is already more than 2 times more than the accumulation in 2018.
What does this give us?
It's too early to talk about a reversal of the downtrend, but already now we can say that the future movement will be grandiose.
What do you think about BTC?
UPL*Price has formed and retested the ascending triangle pattern.
Can take the long entry when 708.00 gets break till 721.00 or higher.
Profit of 1% for intraday/swing, in swing hold your trade if it is winning as most probably it will break the 721.
STOP LOSS - near 696.00
NOTE - LOOK VOLUME WHILE BREAKOUTS.
NIO weekly bearish hammer wave 5 bulls trappedNIO weekly bearish hammer wave 5 bulls trapped. Stop loss above the hammer. Love the volume of bearish candle trapping all the sellers.
INMD - potential Cup & HandleINMD seem to be a great study on chart patterns and fibonacci retracements! :)
The stock first broke out from an Adam & Eve neckline @ 27.20 on 13 July, propelled 42% from here to a high of $38.76 (which was a 50% retracement up of the intermediate downswing AB).
It then lost momentum and started a steep pull back, finding support only around 61.8% fib retracement of the recent upswing AB. This steep retracement and subsequent action is beginning to shape into a potential Cup & Handle pattern (a pattern which is a lengthy "pause/consolidation" in a prior uptrend).
With earnings round the corner (expected on 3 Nov), will it be the catalyst that propel the stock to successfully break up from this C&H formation? If and when it does, we will have a golden cross (20day MA crossing above 50day MA) as well.
Nothing is guaranteed so we can only wait and see! LOL. Earnings can swing both ways although the strong volume accumulation on 13 Oct seem to suggest expectations are to the upside.
If and when the stock breaks up, then it further consolidates the stock's recovery is well underway (even if it might still be volatile). Long @ breakup or at first initial pullback towards C&H neckline Initial stop loss with be at most recent pivot low (C&H's "handle's" low)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
