Volumeanalysis
Wyckoff Distribution TELLmany failed upthrusts occurred within the upper range and medium range of the channel. One major lesson I have learned with identifying a Wyckoff schematic is that ranges must be horizontal. Horizontal ranges would identify price levels. This is far more important than resistance levels. Though price and resistance may be the same, the concepts listed evolve around price still. Thus, this means that horizontal ranges are far more potent than angled ranges. This being said, now you can paint the real picture of strength and weakness at price ranges.
As you may see here, a big distribution is set in, we have a bullish stance at the BC, AR, ST level. The bias is a reaccumulation. However, it seems that we have sold into a minor sign of weakness. Price has then remained there in phase b, finally. We have confirmation of weakness as we go to retest the ST areas in phase a, failing to make a big upthrust. it is now that we are ready to move down.
It is evident that big money has sold off their shares to others.
GBPUSD Small Countertrend Long PositionHi Traders,
Yes, GBP/USD is still falling along with many other markets.
We have not bottomed out as yet – No confirmation suggests a reversal as yet.
If the price retraces slowly back into the yellow zone, I am looking at a small buy position.
It is a countertrend trade so I will be risking a very small amount.
We have a large bullish impulsive candle that took out previous price structure.
If the price retraces with low bearish volume, I would consider jumping in on this counter-trend position with a Risk/Reward of 1 / 4.
Have a great day.
See you on the next one
The Vortex Trader
BTC cycle analysis based on volume II.So, as I sad, I expected when bearMA to be greater than bullMA.. This happened first (week)2022-March-07 and the second (week)2022-April-11..
Prev. analysis :
"Just like in 2019... so the next station is the weekly 200MA, but first maybe wee get a little pump to 50k before go to 25k." So, this wasn't happened.. And BTC started down to support.
As I showed, in my prev. analysis, I expected 25k price level. And this thesis is related to another analysis :
This is not a financial advice! Just an idea...
Bitcoin - HAS patternBITSTAMP:BTCUSD
The head and shoulders pattern on BTCUSD.
I see a huge HAS pattern on the weekly chart.
Please correct me if I’m wrong. This is all just an assumption.
- Volume is very low on the tops, and is expanding when the trend is moving downwards.
- We might see a break of the neckline in the near future.
- When you measure from the top of the middle peak till the neckline, and you move that measurement downward you can see that there is a huge profit potential.
- Last couple of weeks volume expanded and it maybe will multiple, once the neckline is broken.
What to expect after a break of the neckline?
- Once broken than after a couple of weeks we can expect a rally back to the prior neckline, which will now act as resistance (mostly, prior resistance becomes support once broken, and vice versa)
Or?
- Or we can bounce at the neckline, and the neckline will serve as support, and the trend turns bullish again.
Please let me know in the comments, where you think Bitcoin is headed.
Bitcoin downtrend - No commentDo we really need to comment on this weekly chart?
Head formed on the day of the ATH. We are in a downtrend and in red for the last 6 weeks. We are actually bathing in blood since the ATH (middle line). On the left of the line was the bull run and on the right the bear run. The chart (Trend, Volume, RSI) says it all, therefore there is no need for further comments.
$NUTXNutex Health, Inc. operates as a technology-enabled healthcare services company. It operates through two divisions: Hospital division and Population Health Management division. The Hospital division implements and operates health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments. This division owns and operates 21 facilities in 8 states. The Population Health Management division owns and operates provider networks, such as independent physician associations. Its management services organizations provide management, administrative, and other support services to its affiliated hospitals and physician groups. This division's cloud-based proprietary technology platform aggregates data across multiple information systems, settings, and sources to create a holistic view of each patient and provider, as well as allows to deliver care. The company is based in Houston, Texas.
TOMOUSDT WHAT IS NEXT ?Hello Traders,
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Looking at the trading pair TOMOUSDT, was facing a bearish impulse since April 2022 where sellers took the price down aggressively yet on April 11 2022 buyers managed to hold on critical support level 1.00$ - 1.081$
the price was accumulating for several days then bounced back to push the price higher toward level of resistance 1.346$ - 1.400$ where sellers used their strength to push the price lower again.
- Currently the price is bouncing on level of support 1.200$ - 1.250$ where a possible upward move could take a place yet i suggest 2 scenarios as follow :
- Bullish scenario : Since price action is trading inside an ascending channel i would like to see buyers taking price higher again towards resistance level 1.346$ - 1.400$ creating a new higher lower and aim to push even
higher towards level of resistance 1.500$ and progressively.
- Bearish scenario : If buyers failed to maintain level of support 1.200$ - 1.250$, then sellers will take advantage and push price lower breaking the ascending channel lower support taking the price towards old level
support 1.00$ - 1.081$
Good Luck Traders :)
EURUSD Double Bottom Is A GoHi Traders,
On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame.
We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone.
We have seen this play out.
The DXY began to retrace, which helped the euro gain some steam.
Now, we wait for a retrace deep into the yellow zone.
Beware of stop hunts,
Smart money knows that retailers use these patterns all the time.
My RR is still 1/4
See you on the next one,
The Vortex Trader
$SPYThe investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
GREENPANEL - Ascending Triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
UPL - Ready for breakoutAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
$APRNBlue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles, and empty nesters. The company offers its services through order selections on Website or mobile application primarily in the United States. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York.
$USWSU.S. Well Services, Inc. operates as an oilfield service company in the United States. It provides pressure pumping services; and hydraulic fracturing services to the oil and natural gas exploration, and production companies. The company was founded in 2012 and is headquartered in Houston, Texas.
$COSMCosmos Holdings Inc. operates as a vertically integrated pharmaceutical company. It offers proprietary line of branded and generic pharmaceuticals, nutraceuticals, over-the-counter (OTC) medications, health care, baby products, medical devices, and other products through its distribution channels and e-commerce market place. The company identifies, acquires, develops, and commercializes products that enhance patients' lives and outcomes, as well as has distribution centers in Greece, and the United Kingdom; and warehousing facility. It serves wholesale pharmaceutical distributors and independent retail pharmacies. The company was formerly known as Prime Estates and Developments, Inc. and changed its name to Cosmos Holdings Inc. in November 2013. Cosmos Holdings Inc. was incorporated in 2009 and is based in Chicago, Illinois.
NVDA: This could trigger an amazing REVERSAL!Hello traders and investors! Let’s see how NVDA is doing today!
Since our last update, it dropped a lot, and it couldn’t trigger any reversal sign, but right now, there’s a light in the end of this tunnel.
The indices are reacting nicely, and this will surely affect NVDA. We don’t see any clear bullish reversal sign, but we could see one if it breaks the $ 200 area (blue line). Why it is important to see NVDA breaking this line? Because we will see, for the first time since March, it is doing a higher high/low. By breaking the previous resistance, it’ll trigger a bullish structure and leave the 21 ema behind.
However, we must always wait for confirmation. The resistance levels are all plotted o the chart above. To me, if NVDA triggers a reversal, it’ll seek the gap at $ 258 (red line).
In the daily chart, we see how important it would be to see a reversal right now. NVDA is just at its support level around $ 195. It stabilized nicely, and the volume decreased since April 27, but the bullish days had more volume than the bearish ones (another fact that supports a powerful reversal).
We can see the gap at $ 258 in the daily chart too, and it makes sense to work with this target in the mid-term as well. Yes, the $ 289 is the technical resistance, but it’ll take a while to get there. Many stocks are triggering amazing reversal patterns this week, and NVDA is an interesting play. It is not the best, but it is looking great.
For now, let’s pay attention to the $ 200 area. I’ll keep you guys updated, so, remember to follow me to keep in touch with my updates.
EURUSD Potential Double Bottom FormingHi Traders,
Today we are looking at a possible double bottom forming on the 4-Hour Chart
We have seen nothing but bearish price action for the past month on most FX pairs.
The DXY has been going parabolic
Is this a good time to buy?
I only enter positions that match my setup, which could be a possible play.
Yes, it is a counter-trend which is not always advisable.
This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup.
We are sitting on daily support.
I am waiting for the price to break and close above that yellow neck zone. If it does this I will be waiting for a possible retrace before potentially taking this pair long with a RR of 1/4
However, we need a strong bullish volume to accompany the break of the yellow zone.
Hope you all have a great week!
See you on the next one,
The Vortex Trader