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Bouhmidi-Bands and Overnight Session - Name of the Game The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the overnight session (5036), confirming bullish momentum and surpassing the previous day high (5058) & upper #BouhmidiBand, reaching a peak at 1.3s BB (5074). In the last 1.5 hours, NYSE:ES retraced back within the Bouhmidi-Bands.
CME_MINI:ES1!Long
by SalahBouhmidi
2
💎 Analyzing the Various Shapes of Volume ProfilesVolume Profile is a tool that shows how much volume (i.e. the number of trades) is happening at different price levels for a given asset. It is used by traders to analyze order flow and make inferences about market direction, support and resistance, and potential reversal areas. The patterns in a Volume Profile may appear random at first glance, but there are certain recurring shapes that can be used to make predictions about the market. 🔵 P-Shaped Volume Profile A P-shaped Volume Profile is a chart pattern that typically occurs when a market experiences a sharp rise followed by consolidation. The lower part of the P-shaped profile represents low volume rejection, while the wider upper part shows an increase in trading activity at a "fair" price. These patterns are often seen during uptrends, but can also indicate the end of a downtrend and a potential short covering rally, which is seen as a bullish signal. 🔵 b-Shaped Volume Profile A b-shaped Volume Profile is a chart pattern that forms when a market experiences a sharp decline followed by consolidation. It is the opposite of a P-shaped profile and is often seen during downtrends. The upper part of a b-shaped profile represents low volume and an "unfair" perception of price, while the wider bottom part shows an increase in trading activity and a balance between buyers and sellers. If a b-shaped profile appears during an uptrend, it could potentially indicate a reversal. These patterns are generally seen as bearish signals, as they often represent longs exiting the market. 🔵 D-Shaped Volume Profile A D-shaped Volume Profile is a chart pattern that occurs when there is a temporary balance in a market. The Point of Control (POC), which is typically located in the center of the profile, indicates an equal number of buyers and sellers. Some traders view a D-shaped profile as a sign of a choppy or sideways market without a clear direction, while others see it as an opportunity to anticipate a potential breakout in either direction as institutional players build up their positions. 🔵 B-Shaped Volume Profile A B-shaped Volume Profile is a chart pattern that occurs when two D-shaped profiles appear within a specific time period. It is characterized by a single value area and Point of Control (POC), although some traders may divide the profile into two separate "D-areas" with their own value areas. B-shaped profiles are generally seen as a continuation of a trend, but it is important to note which POC is more dominant, as this can indicate whether activity was highest at the top or bottom of the profile. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
2
Bitcoin Levels to trade and What to expect for the WeekendBYBIT:BTCUSD.P INDEX:BTCUSD BINANCE:BTCUSDT Bitcoin Levels to trade and What to expect for the Weekend I break down the price action from the swing failure pattern at $16000, how I got into a long trade there, where the current levels are to trade and what the scenarios are that could play out over the weekend. Please subscribe and smash the like button if you found value in this video . Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
BYBIT:BTCUSD.PLong
by zartraderguy
1
17-21/10/2022 Weekly OutlookHKEX:HSI1! Happy trading! #marketprofile #volumeprofile #orderflow #chartanalysis #chartporn ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
HKEX:HSI1!
by sherlou_0505
Another BTC Short Squeeze coming? Can we go higher today?CME:BTC1! INDEX:BTCUSD BYBIT:BTCUSD Yesterday I took a long on Bitcoin as I saw a short squeeze playing out. This morning I'm seeing almost an identical situation unfolding. Massive market shorts opening at a weekly support and at the lows of the candles. If we have big demands for longs turning up, we will see over leveraged shorts closing up and a possible move up above current resistances. I take you through the scenarios that could play out and what to look out for. I'm still in my long trade from yesterday, with stops in profit. BTC will also move with the traditional markets. If the ES pumps, so will bitcoin, so be sure to keep an eye on that asset. Keep good risk management in your trades! Not Financial Advice. DYOR. Papertrade before trading with real money. Hope you have a profitable trading day! Shawn
BYBIT:BTCUSD.P
by zartraderguy
4
BTC Short Trade Setup - Head and Shoulders Pattern!BINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSD This is my short trade setup that I have just taken. If you missed the trade, wait for a retrace to get in. Head and Shoulders pattern on the 30m chart with TPO and CVD confirming the trade. CVD looks to be leading price bearish and we have had a failed auction on the TPO chart Open interest also indicating this is a high probability trade. All the details in the video Not Financial Advice. DYOR. Papertrade before trading with real money. If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now. Safe trading! Shawn
BYBIT:BTCUSD.PShort
by zartraderguy
3
35k BTC in June? The Bullish and Bearish argumentsBYBIT:BTCUSD Can we see Bitcoin reach $35000 in June? Or are we going to break down at the current levels? There are arguments for both sides: Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength. Volume is decreasing while price is increasing. This could signal a reversal. BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead. Have a look at the video for an in depth analysis of Bitcoin. Not financial advice, DYOR. Papertrade before using real money. If you liked this idea, please give a thumbs up and follow. Safe trading. Shawn
BYBIT:BTCUSD.P
by zartraderguy
PEOPLEUSDT URGENT Update - We're in a critical area!!BYBIT:PEOPLEUSDT BINANCE:PEOPLEUSDT KUCOIN:PEOPLEUSDT People Crypto Coin URGENT UPDATE PEOPLEUSDT is at a critical Fib Golden Pocket area. Price could bounce here or break down. I give you my analysis and how I'm trading this. A pennant has developed - the video explains scenarios for trading it and I look at a few areas of confluence. I look at a TPO chart and explain the reasoning for how I'm trading this today. The 30m Imbalance chart is possibly telling us what is ahead. Tight stops if you are entering at this region. Place stops in profit as soon as you can. The lower the risk, the better Not Financial Advice. DYOR. Papertrade before trading with real money.
by zartraderguy
CHZ Short IdeaBYBIT:CHZUSDT Order flow showing big longs that have opened at the top of the 30m candles. Swing failure pattern rejection has happened off the Value area high and Daily resistance, also a Fib golden pocket level. PSAR has already printed a short signal on the 15m and RSI in overbought territory. If 30m and 1hr prints sell on PSAR, this could potentially be a good trade. Long stops most likely placed between 0.1295 and 0.13120 as it is below the swing low on the 1hr. If price hits this zone, we will most likely see quite a few longs liquidated and a run down, possibly to the POC for a 10% gain. T P O Chart shows single prints below this level, which means price is likely to run down without much resistance to the POC. Ideally you would have entered around 0.13500, but Tight stops and Stops in profit if you decide to enter as price drops through the liquidation zone. Not Financial Advice. DYOR!
Short
by zartraderguy