Hello traders, BTC is approaching to a key resistance, previous support, zone in the near short term. This resistance zone has been tested and rejected starting from 13th of Jan, 4 times as shown in the daily TF. My hypothesis is that this time because EMA ribbon is also showing a reversal, BTC might break the resistance zone and approach to the next minor and...
Hey there everyone, A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation Although waiting for more from...
Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle...
Hash Ribbons tells us to remain patient for the buy signal as capitulation continues MA Ribbon suggests further downside, but price is at Weekly MA support Bullish broadening wedge in the making, not yet confirmed Buyers vs sellers accumulation zone in yellow Based on the January 2020 VPVR model:
If we flip COIN upside-down, it might give us a shiny new perspective on this stock. I threw two horizontals on it at $250 and $310, given the psychological significance of these areas, and also because the surrounding price action suggests that they are important support/resistance levels. We can also look at the VPVR (volume profile visible range - the...
Understanding the difference between accumulation and distribution is VERY important if you want to succeed further within your trading performance, wisdom, and experiences in future trades to come. Monthly closes this week, don't get caught sleeping' or you'll get YURLO'D.
Decentralized Finance, the hot new projects making 5-10x in a matter of weeks. Will these 1000% gains be held over summer? It's only a matter of time before DeFI comes back to Earth, regardless of whether it will continue to be adopted by the crypto community. Exepct this DeFi Index to drop hard if Bitcoin breaks below key support levels. This will be top of the...
Thank you to John Mann for the MA Ribbon This setup allows you to enter the trends early but safely. I use this for a day chart but also sometimes an hour chart. I believe it can be used for any chart but is best used for longer charts. I use a weighted ADX with a length of 8 to determine if the market is trending. I only enter a trade if the ADX is above...