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POC

What Happens in the Next Few Weeks?First off, check out my new VWAP script I wrote that allows you to use multiple VWAPS on multiple time frames at one time (used here with the black lines). If we keep this momentum, we could see a slight dip to the 2.3 levels to re-test the VWAP as support. Using the Volume Profile, we can see that the Point of Control is around 3.2 which is the first major resistance we have to break through. 3.2 also happens to be the .618 Fib which plays nicely if you are a confluence trader. Most likely, we will reject 3.2 and bounce in between the .618 and .5 levels for a bit and create another short term accumulation. Then we break 2021 highs and go straight to the moon. Let me know your thoughts and any other types of analysis you guys are doing.
Long
by Danimal69
ADA - Quick 4hr chart updateQuick ADA 4hr chart update: ADA is back in the Bullish Zone of the Ichimoku Cloud. ADA is above its Volume Point of Control (POC) for this visible range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator. The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation. The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11. ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line. During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSDLong
by TradingThroughTheLens
7
Bitcoin Volume Point Of Control"Volume Profile is an extremely valuable technical analysis tool that is used by traders everywhere. The key to Volume Profile’s continued relevancy is its versatility. It is a charting tool that truly does have a wide array of uses. Unlike many other studies, there is little to no debate about Volume Profile’s usefulness. The data that is provided by Volume Profile is indisputable, leaving it to the trader to find new and creative ways to use it. Even though in its simplest form, it is a great reactive method for discovering traditional support and resistance areas, traders are still coming up with ways to chart the indicator in predicative or proactive ways." "Example strategy Just like with most other tools or studies, Volume Profile has a number of uses. There are many trading strategies out there using Volume Profile as a key component. Below are the basics of one such strategy which is based on comparing the current day’s opening price to the previous day’s Volume Profile. -If the current day opens above the previous day’s value area (but still below the Profile High) look for price to retrace back towards the Point of Control and then proceed to rise (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a buying opportunity. -If the current day opens below the previous day’s value area (but still above the Profile Low) look for price to retrace back towards the Point of Control and then proceed to fall (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a selling opportunity. -If the current day’s opening price is completely outside of the previous day’s profile (above the Profile High or below the Profile Low) this can be seen as a possible runner in the direction of the opening price relative to the previous day’s profile range." The Point of Control is represented by the red line on the chart.
KRAKEN:BTCUSDShort
by JoelRBishop
EURJPY to rise from 2 week POCEURJPY is approaching a red dotted line that is a cumulative Point of Control from the previous week extending to this Wednesday. Not only that this move is rather slow and correction-like-looking. The accumulation in this area is very recent and hasn't been visited before. Furthermore, it can be spotted without Volume Profile, the naked eye would identify this range too with ease. I am fairly convinced it is a good long opportunity. I put preset take profit at the end of High Volume Node.
Long
by OrcChieftain
2
NZDUSD - SHORT ENTRY PRICE - 0.71490The price has reached the supply zone. Considering only the sale. NZDUSD - SHORT ENTRY PRICE - 0.71490 SL - 0.71900 TP - 0.70300 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
1
EURUSD - SHORT ENTRY PRICE - 1.18990Consider the option of EURUSD leaving the uptrend channel. The main volume is concentrated so far @ 1.18700. A strong impulse is needed to break through this level. EURUSD - SHORT ENTRY PRICE - 1.18990 SL - 1.19280 TP - 1.18230 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
AUDUSD – SHORT (LONG THERM TRADE) ENTRY PRICE - 0.78000The Bearish Wolfe Wave Pattern has been completed. Last impulse to the North has been exhausted. A strong South impulse has been appeared. It’s time to sell this pair as the long term trade! AUDUSD – SHORT (LONG THERM TRADE) ENTRY PRICE - 0.78000 SL - 0.81850 TP1 - 0.71600 TP2- 0.65900 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
GBPUSD - LONG ENTRY PRICE - 1.38650Re-enter for long trade. Stop level under Demand Zone. GBPUSD - LONG ENTRY PRICE - 1.38650 SL - 1.37700 TP - 1.40800 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
1
GBPUSD - LONG ENTRY PRICE - 1.39350The impulse to the North continues to develop towards the target in the supply zone 1.40800. The price passes the 1x1 support line. GBPUSD - LONG ENTRY PRICE - 1.39350 SL - 1.38700 TP - 1.40800 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader