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LRC/USD 26/01/21 - Key Decision ZoneDuring the initial LRC pump, theres was a rotation area where strong buyers added to their longs, and the price continued to drive upwards from that zone - see left hand most volume profile. This zone should have acted as an area of strong support as price settled down from the ATH, however instead price dived through this zone to a lower level. This support should theoretically become new resistance, as it is where strong sellers added to their short positions - see right most volume profile. There has now been a pullback, providing an opportunity for a good position long or short depending on the reaction to this key zone.
COINBASE:LRCUSD
by sheep-crypto
2
Analysis of BTCUSD levels of interest; suggested price Vmax zoneBulls will need to see this volume bar at continue to increase in magnitude. Failure to further develop the volume at the current spot price likely suggests pullback potential; pullback potential is limited, perhaps, to the next lowest volume profile peak circa ~56,965 USD. Notice, the 54,391.69 to 49,244.89 has notably low development on the volume profile; this low magnitude suggests that in the event of a pullback, price action will move with high velocity through this area. Peak velocity of price movement is expected to hit a Vmax at 52,630.94. However, this is better considered a price level of high importance, as it could easily also become a new support level, where buyers seek to buy BTC at a "discount," or, in stark contrast, breakdown into this level could potentially lead to a drawdown/correction - only time can tell. No recommendations. Not trade advice.
BITSTAMP:BTCUSDShort
by SeekingOpenInterest
Bitcoin CorrectionProvided we have a weekly or a monthly close below $38k and the 1 year developing value area top will force selling pressure to further downside pretty fast. If price trades below the lower low on the bull run of November on the daily time frame we can confirm an official trend change and an end to the bull run until a correction has finished (It's way too long overdue) The clearance area gaps on the VP price action reveals that price will harshly drop very fast, with hardly any transactions done at these levels, price usually drops until a higher value node is hit. Important ranges $38,000 - $31,204 $24,261 - $22,588 $19,315 - $17810 - Correction will end at roughly here due to high volume nodes, accumulation will begin here then off we go again back up. Heavy accumulation here is recommended! Expect a liquidity spike to tap into $15,600 $14,000 stop loss for leverage traders. Play these levels as they come, it is still possible for a $12,000 btc depending on if these ranges do not show signs of forming higher highs and lows off the bounces.
Short
by MANNI0812
May 2 Market UpdateIn the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to its $4,186.75-$4,110.50 balance area. Balance (Two-Timeframe Or Bracket): Rotational trade that denotes current prices offer favorable entry and exit. Balance-areas make it easy to spot change in the market (i.e., the transition from two-time frame trade, or balance, to one-time frame trade, or trend). Any activity above (below) the balance-area high suggests participants are interested in discovering higher (lower) prices. Any activity within the balance area suggests participants are looking for more information to base their next move; in such case, responsive buying and selling is the course of action. Responsive Buying (Selling): Buying (selling) in response to prices below (above) area of recent price acceptance. Initiative trade below the balance-area low suggests an inclination by participants to revert to the mean and repair some of the poor structure left behind prior discovery. Initiative trade above the balance area puts in play the $4,210.75 minimal excess rally-high, and the cluster of price extensions at and above $4,200.00, typical price targets based on Fibonacci principles. Initiative Buying (Selling): Buying (selling) within or above (below) previous price acceptance. Excess: A proper end to price discovery; the market travels too far while advertising prices. Responsive, other-timeframe (OTF) participants aggressively enter the market, leaving tails or gaps which denote unfair prices. So, in the best case, the S&P 500 makes an attempt to balance or discover prices as high as $4,300.00. In the worst case, participants look to auction the S&P 500 into prior poor structures and low-volume areas (LVNodes) that ought to offer little-to-no support. More On Volume Areas: A structurally sound market will build on past areas of high-volume (HVNode). Should the market trend for long periods of time, it will lack sound structure (identified as a low-volume area (LVNode) which denotes directional conviction and ought to offer support on any test). If participants were to auction and find acceptance into areas of prior low-volume, then future discovery ought to be volatile and quick as participants look to areas of high volume for favorable entry or exit.
TVC:DJI
by Physik
April 18 Market UpdateIn the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to Friday’s open-high-low-close (OHLC). Any activity above Friday’s regular trade-low suggests participants are not yet done discovering higher prices. Trading below Friday’s low suggests an inclination by participants to (1) form a consolidation area that denotes acceptance of higher prices or (2) revert to the mean and repair some of the poor structure left behind prior discovery. It is important to take note of the minimal excess and cluster of price extensions at $4,200.00, a typical price target based on Fibonacci principles. Excess: A proper end to price discovery; the market travels too far while advertising prices. Responsive, other-timeframe (OTF) participants aggressively enter the market, leaving tails or gaps which denote unfair prices. So, in the best case, the S&P 500 makes an attempt to balance or discover prices as high as $4,200.00. In the worst case, participants look to auction the S&P 500 into prior poor structures and low-volume areas (LVNodes) that ought to offer little-to-no support. More On Volume Areas: A structurally sound market will build on past areas of high-volume (HVNode). Should the market trend for long periods of time, it will lack sound structure (identified as a low-volume area (LVNode) which denotes directional conviction and ought to offer support on any test). If participants were to auction and find acceptance into areas of prior low-volume, then future discovery ought to be volatile and quick as participants look to areas of high volume for favorable entry or exit.
CME_MINI:MES1!
by Physik
BTC ATH for DummiesOn this chart I try to help you visualise the following: Resistance and Support levels using simple boxes or the help of the Volume Profile indicator. Divergence, Accumulation and FOMO using Volume bars versus price using only chart candles and the Volume bars indicator Top longing visualised with candles and the Volume Profile indicator Top longers, where they are created and the resistance that is then generated at the top forcing them to either close at a loss or liquidate 1. BEARISH DIVERGENCE Here you can see the volume bars declining over time but in the chart the price is rising over the same period. Expect a volume spike and big price move at the end. 2. SELL OFF INTO ACCUMULATION Once the price reaches the required level, the sells are triggered. This causes panic sells and the larger second sell volume bar. After the sell off, volume bars are small and roughly the same size as the asset is accumulated over time while price is kept low. 3. FOMO INTO SELLS Accumulation over, large sell orders are removed allowing prioce to jump. Volume bars increase in size over time as more people FOMO buys pushing the price to a new ATH until the target price is met, FOMO continues to push the price higher than the top creating the zone of Top Longers. Buys orders are then pulled causing price to drop.
BITFINEX:BTCUSD
by paulflint
5
Trader Profile - Asking Yourself The Right Questions1. YOUR TRADER PROFILE The first thing most traders will have to do is build a portfolio, this process is more complex than just choosing what assets to trade, and in order to build a good portfolio you will need to find your trader profile, which can be determined by asking yourself the following questions: What is your initial capital? What is your targeted return rate? What is your risk aversion? What is the investment horizon? What is your availability? All these questions are related to each other, and as such, it can be difficult to find non-conflictive answers to them. The following sections give information about the theme of each question so that you may more easily identify your trader profile. 1.1 Initial Capital The initial capital you are willing to invest is an important matter, again we could ask ourselves various questions to determine it, but let's go with a simpler approach. A low capital can have a wide variety of effects. Capital is directly related to buying power, and a low buying power will result in the trader being unable to trade certain assets, but more importantly, it comes with a reduced ability to diversify a portfolio, and as a result, makes traders unable to lower their risk level. Leverage can increase buying power without having to have higher capital but it involves significantly increased risk. Having a low capital also means potentially reducing the lifetime of your portfolio since you won't be able to tank more losses, thus conflicting with your investment horizon target. Certain markets are more accessible than others for traders with low capital, this is the case of the forex and cryptocurrency markets that offer high leverages compared to the stock markets. 1.2 Risk/Returns Risk/returns are two correlated concepts, the more returns you expect from an investment, the more risk you are taking, an investment with large potential profits and low risk does not exist. Knowing your risk aversion is crucial if you want to build a good portfolio, and you will need to choose this level in coherence with the other aspects of your trader profile. Financial instruments all have a different risk/return ratio, and it is important to choose them wisely based on your profile. It is also possible to mix various financial instruments in your portfolio, this is a good way to reduce risk, as such you can have a portfolio consisting of 60% derivatives (futures, options...) and 40% bonds. 1.3 Investment Horizon Your investment horizon will be a huge factor of your success in trading, certain traders focus on long term trading, holding positions for years, and will use the buy and hold strategy. Others might hold a position from several days to several months, they are often defined as "swing-traders". Finally, some traders might open and close positions within one trading day, and as such are named "day-traders", a particularly well-known type of day-traders are scalpers, who usually hold positions for only several minutes. Most beginners in trading will start day-trading, and a lot will try scalping, however, it must be noted that the shorter your investment horizon is, the more difficult it will be to be consistently profitable. This has various reasons, one of them is that shorter-term investments require more precise timing, also you are expecting smaller profits than ones you would get using longer-term investments, thus encouraging a trader to use higher leverage, thus maximizing risk, also opening a high number of positions will mean you will lose more from frictional costs (commission, spread...), and since your profits will mostly be smaller, frictional costs will have a higher impact on your profit margin. We strongly advise beginners to stay away from scalping. 1.4 Availability Trading requires time and effort, and it is impossible not to be involved with your positions (even when everything is automated). However, some users will still have more time than others. Traders will have to do certain tasks: Monitor existing positions Execute orders Research for information Users who can allocate a majority of their time to trading will be able to build & update more advanced portfolios and do shorter-term trades, however, traders with less time will often have to seek longer-term trading styles such as swing trading. Conclusion Trader profiles will vary across every trader and understanding the importance of asking yourself the right questions to identify your own trader profile will likely help you overall increase your chances of success in trading. Thank you for reading!
BNC:BLXEducation
by LuxAlgo
7