BTCUSDTAfter a powerful move up, Bitcoin has established the UTAD Wyckoff peak and is now ready for a bearish move.
Also, a Falling wedge has been formed in the 4-hour time frame.
This is just an idea and not a buy or sell signal.
Volume
MGC Short 11/7/2024MGC is in a downtrend in 4hr chart. Placed a short position in confluence HV SZ. Risk= $200. Target= 1:1 and close to daily DZ.
MCL Short 11/6/2024MCL is in an uptrend. But price made a LH DT. CL inventories report is bearish with high supply. Placed a short position in HV SZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and gap fill.
INTRADAY SHORT CHANCE we expect another impact on gold we expect good an opportunity for short
just we have to follow the instructions
this is not financial advice that was my won analysis of my view any design you take under your own responsibility
EUR/USD🇪🇺 EUR/USD I have the following preview of this pair>>🖊️On the Daily Chart we are below dOpen. On the 4HTF we are above M2 Daily we have an unfilled GAP from 4HTF above us. On the 30MTF we are below yesterday's vpoc and now we are holding below today's vpoc. If yesterday's vpoc and today's vpoc hold us, I would see shorts to yesterday's VAL where we have an untested M2_30M. The short position is confirmed by the passage of Long's M2 vpoc.
Supply and demand void spotted on $ETHEthereum looks like it is going sideways just below a price gap. Generally speaking gaps have a lot of unfilled orders and this presents a good Supply and Demand trade.
On the daily chart, we can see that price gapped up along with all the other bullish assets like $USDJPY.
I would expect the minor daily gap to be a good entry point to hold for the larger weekly void fill.
ZN Long 11/7/2024ZN is in a downtrend but price crossed above MA in 4hr chart. Placed a long position in confluence HV DZ. Taking a small risk because price crossed above, retested the MA but no FT. Risk= $78.13. Target= opposing SZ.
NG Short 11/6/2024NG is in a downtrend in daily and 4hr chart. Macro match. Price made LH DT. Placed a short position in HV SZ. Taking half risk because the zone is retest of above zone. Risk= $125. Target= opposing HV DZ.
BTC INTRADAY POWELL INFLATION
Hello, dear intraday degens where the action is happening right now!
BTC is testing the last intraday high as support, with volume trending in the right direction. There’s plenty of support below if this level breaks.
In other news, the Federal Reserve has cut interest rates by 25 bps, which should be positive news and may help push the price up.
Still, nothing should be taken for granted in crypto trading—stay safe!
Bitcoin to 100k this year?Hey guyys!
So Trump won the election and we have new BTC ATH!
And I think we all wondering where we can go now?
Let's check the chart and daily we have bullish MA cross, huge volume on this election day.
But, another day volume is not pretty nice and looks like more manipulative movement.
So I think if we will stay long at the ATH level without moving up with descending volumes, we could potentially see some correction.
If we stay above 69k, most likely after this short correction we can go up, if we're not holding this level we can go to 59-63k level.
Cause real rally for me, will happen in 2025.
What's your ideas, guys? Let's discuss in the comments? Are we going to 100k this year or only in 2025?
3 Key Support Levels on S&P 500 Futures (ES)On ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5937, 5887.50 and 5804.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Trader Dale
Adaptive Volume Flow Indicator (AVFI)The Adaptive Volume Flow Indicator (AVFI) is an advanced version of the traditional Volume Flow Indicator (VFI) that adapts to market conditions by using dynamic volatility and volume thresholds. It improves volume analysis by reducing false signals in low-volatility environments and adjusting sensitivity during high-volatility periods.
Key features include:
Dynamic volatility cutoff using ATR to adjust sensitivity based on market conditions.
Adaptive volume cap that adjusts to the asset’s average volume, avoiding skewed signals.
Customizable smoothing methods with options for EMA or SMA.
Improved noise filtering, making it more reliable in sideways or low-volume markets.
The AVFI helps identify trend strength, volume-driven price movements, and potential reversals, offering a more accurate and adaptable tool for traders.
ETH Price Setup: Why $2,840 Could Spark the Next Big Move
BINANCE:ETHUSD has been underperforming compared to BINANCE:BTCUSD and some other major cryptocurrencies, yet recent developments hint at a potential shift. Despite facing a significant resistance cluster, ETH has shown resilience by breaking above a key volume profile Point of Control (POC) level on the higher timeframe, signaling the early stages of a bullish sentiment shift.
However, to sustain this momentum, CRYPTOCAP:ETH needs to conquer a critical resistance zone, marked by a 1-week Fair Value Gap (1W FVG) and a 1-day Order Block (1D OB) – a challenging area that will likely test ETH’s ability to break out.
Chart Analysis: Key Levels to Watch
Major Resistance Zone (1W FVG & 1D OB)
The most immediate challenge for ETH is closing above the resistance zone around $2,840. This area is crucial because it combines a 1W FVG and 1D OB, both of which create a barrier that ETH needs to break through for the next leg up.
A decisive close above this level on the daily chart would turn the 1D OB into a breaker block, potentially flipping it from resistance to support and laying the foundation for a more sustained bullish displacement.
Volume Profile POC Breakout
ETH has already broken above the higher timeframe volume profile Point of Control (POC), a positive sign that suggests market interest and liquidity are shifting upwards. This break above the POC adds to the semi-bullish case, as it often signals a potential move towards filling the FVG above.
Entry Into the 1W FVG (SIBI)
Should ETH successfully close above the $2,840 level, it would enter the 1W FVG, opening up the possibility for a larger upward move. Once in this zone, buyers could gain confidence, triggering additional buy-side liquidity and a rally towards $3,100 - $3,300.
Trade Setups
Swing Trade Setup
Entry: Look for a close above $2,840. Ideally, wait for a retest of this level to confirm it as a breaker block before entering long.
Target:
Primary Target: $3,100 - within the 1W FVG zone.
Secondary Target: $3,300 - higher end of the FVG, where resistance may intensify.
Stop Loss: Set below the 1D OB, around $2,750, to protect against a failed breakout and retracement.
Rationale: A breakout and successful retest of $2,840 would signal strength, allowing ETH to push into the FVG and potentially rally toward $3,300. If buyers are strong, this could lead to a medium-term bullish trend.
Scalping Setup
Entry: Enter long on quick pullbacks to $2,750 - $2,770, close to the 1D OB support zone, or during any small dips within this range.
Target:
First target at $2,840 for a quick profit.
Second target around $2,900 - $2,950 if momentum is strong.
Stop Loss: $2,730, slightly below the 1D OB level to protect against larger sell-offs.
Rationale: For scalpers, buying dips around the 1D OB level provides a quick entry with a high probability of retesting the resistance at $2,840. This setup allows for short-term gains while taking advantage of potential volatility near the key resistance area.
Looking forward to hearing your thoughts on this!
Trade safe folks,
Cheers
Correction Silver. H4 07.11.2024Correction Silver 📉
In silver, I expect a correction deeper to the final zone of 29.70-30.10 where significant option fills and double margins fall into. Therefore, we should be prepared for a deeper correction in silver, especially on the back of the gold decline, which usually catches up with silver with a small lag. Of course, we can't exclude the growth from current levels, but the conditions are weak.
CAPITALCOM:SILVER
This is the liqidity Grab I was waiting for...Now I'm in the high-risk long trade with reduced risk.
Price broke highs retail longed, now they are stopped out and retail shorted = perfect environment for taking price finally up after previous month sell-off.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
MGC Long 11/6/2024MGC is in a downtrend. Price is testing daily DZ (blue box). Placed a long position in HV DZ. Taking half risk because it is a countertrend trade. Risk= $125. Target= 1:1 and HV SZ.
NG Short 11/6/2024NG is in a downtrend in 4hr chart. Placing a short position in 1hr HV SZ above MA. Risk= $250. Target= 1.1:1.
MCL Long 11/5/2024MCL is in an uptrend. Placed a long position in confluence HV DZ (the upper zone). Waited for price to break previous high. Risk=$220. Target= 1:1 and 3:1.
MGC Short 11/3/2024MGC is in a downtrend in 4hr chart with a cross below, retest and follow through (FT). Placed a short position in 1hr HV confluence SZ. Taking half risk because daily and 4hr trends don't match. Also, price is rallying from daily DZ (Blue box). Risk= $125. Target= 1:1 and 3:1.
MGC Long 10/29/2024MGC is in an strong uptrend. Made ATH. Placing a long position in 1hr HV DZ far away from MA. Hence, taking half risk. Risk= $124. Target= 1:1 and 3:1.
$COINBASE as BTC going UP! 3 targets, let´s see.To continue with my theory, Q4 is from the Cryptos.
Q2 and Q3 were stocks, but now is the Crypto moment, and the stocks that will do well in my view are from this sector.
In the case of NASDAQ:COIN we have a Breakout on the Daily RSI, about to do so on the weekly, which would give a confirmation. And we need to break the 200 MA for another confirmation.
So:
Confirmation 1 Breakout MA 200.
Confirmation 2 Breakout RSI weekly.
Stop Loss: At $154.
Targets:
T1: $255.78
T2: $317.92
T3: $399.04
Maximum 5% of the portfolio.
MES Short 11/4/2024MES is in a downtrend in 4hr chart. Placed a short position in confluence HV SZ (the lowest SZ). Risk= $200. Target= 1:1 and 3:1.
Groupon long position/swing trade idea - $NASDAQ:GRPNNASDAQ:GRPN may be a long from here. It put in a monthly indecision candle last month, along with a relative volume per range signal, after sweeping below a pivot near an area of interest. Also swept under prior weekly low and reversed, heading back toward prior week high.
I've started a tiny feeler position today looking for a potential weekly breakout and run up toward the highs around 19-20 and beyond, perhaps even starting a long run back up to the IPO price. I will tighten and add more if it takes out the weekly high.
Normally in this distribution I would only look for a long if it first dropped to $7.5, and it may still do that or continue lower, but the monthly relvol signal made me want to make an attempt at this one from here. Monthly and quarterly relvol signals tend to lead to the best trends.
