Volume
BTC Surges on Signal of Trump's US Strategic ReserveWith market reactions trending very positive, COINBASE:BTCUSD saw a big surge today as investors were encouraged by Trump's signaled support for large investments in a US BTC Strategic Reserve fund to back up the Treasury Department and their indicators of a more supportive environment for crypto investors and holders in the United States of America. This comes as a welcome change for residents and businesses engaged with building the ever growing crypto economy which will empower free markets, free thinking, and free people.
With over $200M USD positive BINANCE:BTCUSD inflows to Binance in the last 12hr, we can only guess what the total inflows look like right now on an hourly or even minute-by-minute basis across all exchanges worldwide. A large spike in trading volume during the day Sunday fueled traders excitement as many were attracted to the market over the weekend.
Your reaction to this good news might depend on what kind of trader you are. Are you Microstrategy? Your stock just went up! Personal investors - "this is great! lets see more!". Well a lot of times people expect good and underestimate the downside. It is a great opportunity here to apply reverse psychology and short the market. This strategy is not right for everyone but there could definitely be opportunity for both long and short entry points when using the informative and actionable MACD Strategy indicator on your charting. Perhaps even learnings will come from this.
Have a beautiful day, and remember Habibi, the desert tests your will, not your strength.
messari.io
What to expect from Bitcoin next week and recommendations1. General analysis of the current trend
Moving Averages (SMA) :
The price is trading above all major moving averages (fast, medium, slow), confirming the presence of an upward trend. The widening gap between the moving averages indicates that the trend is currently strong.
Conclusion : The uptrend remains intact, but a temporary correction or false breakout is possible.
ADX (Average Directional Index) :
ADX = 16.64, indicating weak trend strength. A rise in the ADX above 20 would confirm a stronger continuation of the trend.
Conclusion : The trend is weak but could strengthen or experience strong volatility.
RSI (Relative Strength Index) :
RSI = 62.42. This value is in a neutral to bullish range and not yet in overbought territory (above 70). In an uptrend, the RSI often lingers in the 60-80 range without signaling a reversal. However, the current level indicates the possibility of a mild pullback.
Conclusion : The RSI does not indicate a reversal yet, but a further move towards 70 or a divergence may signal a weakening momentum.
ATR (Average True Range) :
ATR = 1.1, indicating low volatility. Such conditions often precede a strong move in either direction.
Conclusion : Be prepared for a sudden increase in volatility that could result in a sharp price movement.
Volume :
Trading volume has decreased, a common sign of trend exhaustion or consolidation. If volume spikes during a breakout, it will be crucial to assess whether the breakout is sustainable or fading.
Conclusion : Weak volume suggests that any breakout may be temporary unless confirmed by increased trading activity.
2. Key levels to watch
Resistance :
102,500-103,000 USDT is a critical zone where many stop losses from short sellers and buy stop orders are likely to be concentrated.
Support :
99,500 USDT is the next support level for a potential pullback.
97,000 USDT is a stronger support zone that could attract buying interest.
Critical support :
95,000 USDT is a key level. A break below it could signal a trend reversal.
3. Possible scenarios
Scenario 1: Continuation of the bullish trend (30% probability)
Conditions:
Price breaks through resistance at 102,500-103,000 USDT with increased volume.
ADX rises above 20, confirming the strength of the trend.
RSI moves into the 70-75 range without showing divergence.
Target: 105,000-107,000 USDT.
Scenario 2: Correction (40% probability)
Conditions:
Price fails to hold above resistance at 102,500 USDT and volume remains low.
RSI fails to break through 70 and begins to fall towards 50.
Price retreats to support levels at 99,500 or 97,000 USDT for liquidity accumulation.
Target: 99,500-97,000 USDT.
Scenario 3: Liquidity accumulation above resistance followed by a decline (20% probability)
Conditions:
The price briefly surges above resistance at 102,500-103,000 USDT, triggering stop-loss and buy-stop orders.
After gathering liquidity above resistance, the price quickly reverses back below 102,500, confirming a false breakout.
Volume spikes during the breakout, but quickly diminishes, signaling a lack of follow-through from buyers.
RSI shows divergence (price makes a new high, but RSI fails to follow).
Expected movement:
First leg up: The price rises to 103,500-104,000 USDT to gather liquidity.
Second leg down: Price falls back to 99,500 or 97,000 USDT.
Scenario 4: Trend reversal (10% probability)
Conditions:
Price breaks below key support at 95,000 USDT, accompanied by a volume spike.
The RSI drops below 40 and the ADX signals a strong bearish impulse.
The structure shifts to "lower highs and lower lows".
Target: 90,000-85,000 USDT.
5. Recommendations
For those holding positions :
Protect your profits by placing a stop loss just below 99,500 USDT.
If the price breaks through resistance at 102,500, monitor whether it holds above this level. A failure to hold could signal a liquidity grab.
For those looking to enter :
For long positions: wait for a pullback to 99,500 or 97,000 USDT and look for confirmation (e.g. bullish candlestick patterns, increased volume).
6. Additional factors for analysis
Candlestick patterns :
The current candlestick patterns do not indicate a clear reversal.
At the 102,500 resistance level, look for doji, shooting star, or hammer patterns that could signal a reversal or correction.
Near the 99,500 support level, look for bullish patterns such as Engulfing or Morning Star, which could indicate a bounce.
Fundamental Factors :
News and macroeconomic events: Monitor updates related to BTC (e.g., ETF approvals, regulatory changes) or macroeconomic events such as Federal Reserve interest rate decisions (Dec. 17-18) and inflation data, as these can impact market sentiment.
Liquidity Reports: Track BTC liquidity on exchanges. For example: if whales or institutional players withdraw significant amounts of BTC from exchanges, it could reduce supply and drive up the price. Conversely, increased deposits on exchanges could indicate selling pressure.
Conclusion
The most likely scenario is a pullback to the 99,500–97,000 USDT levels, providing liquidity for a continuation of the uptrend. However, a liquidity grab above resistance (Scenario 3) could also occur, where the price briefly spikes above 102,500–103,000 USDT before reversing sharply to lower levels. A full trend reversal remains unlikely unless the support at 95,000 USDT is breached.
Can You Smell It? / BTC 110K is Closer than you thinkBINANCE:BTCUSDT
COINBASE:BTCUSD
Consolidation in Key Resistance Zone: BTC price has repeatedly tested the dark-yellow resistance block (~102,000 USDT) without strong rejection, indicating seller exhaustion.
Higher Lows and Rising Trendline: The ascending trendline shows strong buying interest at higher levels, pushing BTC upward.
Volume Profile (VRVP): The visible range volume profile reveals a volume gap above the current resistance, meaning BTC could move swiftly once it clears the 102K region.
Breakout Signal: A potential breakout candle has formed near the resistance, with smaller consolidations (orange circles) and consistent higher lows acting as a springboard.
Measured Move to 110K: If BTC breaks cleanly above the resistance zone, the green path suggests a measured move toward the next psychological level at 110K USDT, backed by strong momentum.
This bullish structure aligns with accumulation and breakout patterns, indicating Bitcoin's next leg up may be imminent. Monitor for confirmation above 102K.
Follow for the Updates
Waareenergies: cup and handle breakout along with IPO basebreakoIPO base breakout with cup and handle breakout in process.
Please consider stop loss as per capacity and position size.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
HBL power: toward ath before budget and may trade in 800Hblpower is moving towards previous high 0f 724, once even 708 is taken out its range breakout Is heading towards 780.
please consider stop loss as per capacity
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
PNG Jwellers: stock getting ready for IPO base breakoutPNG jewelers: Ipo listing day high 848, stock can give a wild move above 840 for 1000 +
consider stop loss below low of breakout candle.
those who don't have patience can buy above 760 as well, with 3-4% stop loss.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Prajind: flag pole breakout with volumesPraj industry after a breakout it is showing retest and consolidation at higher levels.
fresh leg of rally will start after 824 with a stop loss of 780
we can see new high around 900-930
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
CXAI | High Volume Buys IncomingCXApp, Inc. engages in the provision of workplace experience solutions. Its solutions are used in workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, and wayfinding and navigation. The company was founded on September 19, 2022 and is headquartered in Palo Alto, CA.
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator:
**Components and Calculations:**
1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure.
2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is:
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A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow.
3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
**Interpretation and Usage:**
- **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum.
- **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure.
- **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend.
**Visualization:**
Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders.
**Application:**
This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points.
**Example Implementation:**
An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values.
By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
Volume Profile: Why I don't trail stops!Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS!
I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. If it holds a GOOD level... it should hold it AGAIN! Just like these two did. You should never have to move your stop up from a Volume Profile level.
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd!
Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation.
Primary support is at ~$4.15 with the secondary major support at ~$2.77
secondary.
If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range.
As with anything with a lot of volatility, hang on to your seats!
Serve it Up to $18Liking the volume and the new price action in the last week as SERV is bouncing off the lower linear red trend line. would like to see $18 in the next month.
This is a technical play not a fundamental one; however, Nvidia and Uber investments provide some cushion to the lofty valuation.
Serve Robotics, a $500 million company developing autonomous delivery robots, has attracted investments from Uber and Nvidia, both holding over 20% of the company's shares. Their robots, offering cost-effective solutions for last-mile deliveries, are seen as more efficient than human drivers. Despite high growth, Serve has limited revenue and is currently unprofitable, with losses mounting. The company aims to deploy 2,000 robots by 2025 and expects a huge opportunity in the robot delivery sector, potentially worth $450 billion by 2030. However, its high valuation raises concerns for potential investors.
GBPUSD set to continue downtrend after correction!The price has unsuccessfully completed its second attempt to break through zone of interest and resistance producing a second bounce, supported by an important Fibonacci level. Candlestick formation indicating a potential trend reversal.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG.
Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis
VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup
.
Key Observations
1. Market Cycle Phases:
o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase.
o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range.
2. Breakout Confirmation:
o At the end of November/start of December, price broke out of the accumulation range.
o A spike in volume supports the validity of the breakout, and the price has sustained its position above the resistance level for 7 consecutive days, signaling strong buying pressure.
Trade Details
• Position: Long
• Entry: 0.13341
• Stop Loss: 0.11322 (15.13% risk)
• Target: 0.22295 (67.12% potential return)
• Risk-to-Reward Ratio: 4.43
Summary
The breakout from the accumulation range, supported by volume and momentum, suggests a continuation of bullish activity. The setup offers a favorable risk-to-reward ratio for long trades. Careful monitoring of the stop-loss level is recommended to protect against potential retracements.
XAUUSD. Trading within the range.Hey traders and investors!
I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.
A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.
The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).
There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.
Good luck with your trading and investments!