BTC still has not hit ideal "Reversal Volume"The prices of bitcoin and alts looks to be trending better this last week. However, the largest concern I still see before feeling more "bullish" is volume.
The following chart represents the logarithmic bullish trend of Bitcoin since its inception. As one can see from this chart, for the past few years, volume has been a key indicator that a reversal has occurred within the ascending logarithmic trend.
In 2017 volume began to increase culminating in the reversal volume in 2018
Then in late 2018, volume seemed to indicate a low had finally occurred until the price hit similar strong volume in May of 2019
When the Covid-19 drop hit in 2020, it was then accompanied by the highest monthly volume yet, which then ricocheted the price upward
Then finally, volume seemed to indicate a likely reversal approaching in early 2021
Now I should note that the latest "high" from volume did not necessarily indicate the all-time high nor did monthly volume represent the bounces that occurred during June/November 2021.
Additionally, monthly volume does not necessarily indicate a guaranteed "high/low" has been met (neither does weekly volume for that matter), as the highs/lows associated with volume are usually within a couple of candles of the reversal.
However, I do believe that if "reversal volume" were to occur, it would at least indicate a safer entry for anyone looking for a true break from the bearish market that exists today. Hence, although one should not necessarily expect volume as a requirement for a short-term reversal, it at least helps as an indicator for a more likely long-term reversal.
And as always, this is solely my opinion and not meant in any way as financial advice. But please like or comment if you agree or have any additional opinions.
Volumeanalysis
GBPCAD: Stop Hunts Everywhere ⚠️Wow, last week was intense.
Firstly, we saw market makers sweep break and re-test buyers THEN they liquidated breakout buyers from the trend line and to finish all off they did a sweep on sellers that remained.
Although the direction is unclear for next week, I have illustrated my bias.
I may be wrong but at least I know that stop hunts are out of the way and we potentially have enough liquidity for a big impulsive move.
Comment your thoughts below traders 💬
Bitcoin BTCUSDT - Elliott Wave + 0.786 FIB + Falling wedge!- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed!
- We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend.
- As per my Elliott Wave analysis - ABC correction should be completed successfully!
- If you check the RSI indicator, you can spot another falling wedge + oversold condition.
- Volume analysis - huge capitulation spikes, which usually indicates trend reversal.
- We have a bullish hammer candle on the D/3D chart - indicating a rejection to go lower.
- I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD).
SPX: Key Points to watch from here!Hello traders and investors! Let’s update our thoughts on the SPX, as it has been a while since my last analysis on it.
First, the index triggered a bear trend since it lost the support at 4,073. The downtrend was sharp, however, we must pay attention to some key points.
First, we have three gaps – the first one was already filled today. Second, after many days trading below the 21 ema, the index is finally breaking it again, and we are trading above it. Third, we have a key point at 3,810 (purple line), as this price level worked as a support/resistance multiple times in the past, and since we are under this price, this is supposed to be our next resistance.
The index is still bearish, and despite the reversal signs it is giving, a true confirmation would come if we break the purple line. In that case, I see the index filling the last two gaps. If it fails, then it’ll just resume the trend, and seek the 3,600 again.
The volume is finally starting to increase, and the daily chart suggests a retest of the 21 ema in the next few days. If that’s true, we’ll break the 3,810 line, triggering a short-term reversal.
However, we don’t see any bullish reversal structure for the mid-term, therefore, we must be patient. Remember that since the SPX dropped more than 20% from its last peak, we are in a bear market, officially, and trends persist until a clear reversal occurs (Dow Theory).
Let’s see how the SPX will react when it hits our key points. Remember to follow me to keep in touch with my daily analyses!
BTC/USD Head And Shoulders Pattern 4 HourHi Traders,
I'm looking at BTC today on the 4-hour time frame.
We don’t know if the bottom is in yet for this recent capitulation but that’s not my problem to solve.
I only trade what the charts show me. If a setup presents itself and fits into my list of rules and criteria, then I will jump into a position.
I'm noticing a potential head and shoulders pattern.
We have full divergence on the MACD
What I would like to see is the price close above the neck zone impulsively with substantial bullish volume to accompany that move.
I would then look for low bearish volume on a retrace down to the neck zone.
Once the price retraces deep into the neck zone, I would open up a long position
My target would be the 23.5k level
Trade safe out there!
The Vortex Trader
Short in Natural Gas in daily chartThis is my daily chart stretegy. Equal than weekly chart strategy for stocks. The main difference for this strategy is the filter I do.
The strategy share more trades, So to filter correctly the good ones I need to check the volume in a weekly chart. In this case, my volume indicator says that the red line ( short volume ) is greater than green line (long volume ), so the fisrt filter is positive. The second filter is check in which candle in daily chart the short volume crosses over the long volume , that's happened yesterday, which means that today we have a short trade in Natural Gas .
The support are clear in the chart, anyway, as I always says, we will keep in the short trade until the long volume was greater than red volume.
The short trade was last Friday and let's see how much time will continue the trade. Take the note that I wait until the candle close to check the volume in the whole day to see if there is or not a cross
My strategy is super clear, remember that they key of my strategy the volume analysis, I made an analysis for each asset, which means than the setup of the volume is difference for each product.
Have a good day everyone
ITC interesting chart 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.
$AERC entry PTs 16-17.70 Next Target PT 28 and higher Long term AeroClean Technologies, Inc., an interior space air purification technology company, provides air purification solutions for hospitals and other healthcare facilities. The company offers interior air sterilization and disinfection products for the eradication of harmful airborne pathogens, including COVID-19. It provides Purgo, an air sanitization product for indoor spaces; and Purgo Lift that provides air purification solution for elevators and other wall-mount applications. The company was formerly known as AeroClean Technologies, LLC. AeroClean Technologies, Inc. was founded in 2011 and is headquartered in Palm Beach Gardens, Florida.
$AUVI Next Target PT 4.50 and higher Long term PT 35 and higherApplied UV, Inc., through its subsidiaries, develops, acquires, and commercializes technology that addresses air purification and infection control in the healthcare, hospitality, commercial, municipal, and residential markets in the United States, Canada, and Europe. It operates through Disinfection and Hospitality segments. The company offers science-based solutions and products in air purification under the Airocide brand; and disinfection of hard surfaces under the Lumicide brand. It also manufactures and supplies fine decorative framed mirrors, framed arts, and bathroom vanities. The company was incorporated in 2019 and is headquartered in Mount Vernon, New York.
$SIDU Long term PT 59 and higher Timeline: Jan 2023Sidus Space is a Teammate on NASA’s $3.5 Billion Exploration Extravehicular Activity Services Contract
Sidus Space, Inc., a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its services include satellite manufacturing; precision manufacturing, assembly, and test; low earth orbit microsatellite; payload integrations; launch and support services; space-based data services and analytics; precision computer numerical control machining and fabrication; Swiss screw machining; wire cable harness fabrication; 3D composite and metal printing; and satellite deployment and microgravity testing and research services, as well as services related to electrical and electronic assemblies. The company also offers hardware solutions consisting of an external flight test platform to develop, test, and fly experiments, as well as delivers hardware, materials, and advanced electronics on the international space station; and space station integrated kinetic launcher for orbital payload systems. It serves commercial space, aerospace, defense, underwater marine, and other commercial and government customers. The company was founded in 2014 and is headquartered in Merritt Island, Florida. Sidus Space, Inc. is a subsidiary of Craig Technical Consulting, Inc.
$BTTX entry PTs 1.30-1.40 Long term PT 17-50 and higherBetter Therapeutics, Inc. engages in developing software-based prescription digital therapeutics (PDT) platform candidates for treating diabetes, heart disease, and other cardiometabolic conditions in the United States. Its lead product candidate in development is BT-001, an investigational PDT platform that uses digitally delivered Nutritional Cognitive Behavioral Therapy to treat type 2 diabetes. The company's products under development also include BT-002, a PDT that help patients with hypertension improve their blood pressure; and BT-003, a PDT that help patients with hyperlipidemia enhance cholesterol levels. Better Therapeutics, Inc. was founded in 2015 and is headquartered in San Francisco, California.
Yes maybe an small range but...An small + range but I think still short cuz real green signal is under decreasing 4 hull moving and it mean maybe a risky up trend but in long term maybe after 4 days it will go more and more down 👇 maybe when real 50 starting to return it will start his increasement than I waiting for an uptrend and a positive return from real indicator to upside in two 20 and 50 timeperiods.
BTC in Weekly ChartHello all,
We have to start to make a follow up very closely to bitcoin in weekly chart.
The price stop in the support of fibo 61.8 of the whole up trend. The price is dead in that zone for several weeks.
The key point of this week or comming weeks is the volume, The green line (LONG VOLUME) is very close to the red line which is the SHORT VOLUME.
My System is clear, one the green line crosses over the red line (we have to wait until sunday night, we are looking to candle closed) we will have a long trade for Bitcoin.
The resistences are also clear, anyway, the volume is the boss and we will follow all up trend meantime the long volume was over the short volume.
My system is clear but the volume setup is different for each asset.
Have a good day.
TradingconFibos
BDL - Ascending parallel channel & Head and Shoulder 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.
SPX: Still doing some RANGE TRADING!Hello traders and investors! Let’s see how the SPX is doing today!
In the 1h chart, the index is still inside a range between 4,168 and 4,073, the 21 ema is flat, and its movements have been erratic in the short-term.
This is just a consequence of this congestion, and it must either lose the 4,073 to reverse the trend, or break the 4,168 in order to resume the bullish bias.
Meanwhile, any correction that brings the index close to the 4,073 is an opportunity to buy, while every time it gets closer to the 4,168 could be an opportunity to sell.
In the daily chart, we still see the Double Bottom chart pattern, triggered when the index broke the 4,090 (red line), while we are trading above the 21 ema (which is ascending). In addition, it seems we have a Flag chart pattern in process right now.
Since we are trading above its support levels, and we see some good bullish structures, the bias is bullish, unless we lose the 4,090/21 ema. Either way, opportunities to buy have a higher risk/reward at the moment, considering that our target is 4,500.
The only thing missing is a good reaction with high volume. So far, the volume has been too low, and the longer it takes to break the 4,168, higher are the chances of a bearish reversal.
Let’s keep our eyes open, and watch the key points for now. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my daily analyses.
🔮 Top Gainers: $RDBX $EBET $ENSV $TNXP $SKYHRedbox Entertainment Inc. operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses. It also produces, acquires, and distributes movies through its film distribution label, Redbox Entertainment, LLC, providing rights to talent-led films that are distributed across the company's services, as well as through third party digital services. In addition, the company offers transactional and ad-supported digital streaming services, which include Redbox On Demand, a transactional service that provides digital rental or purchase of new release and catalog movies and TV content; Redbox Free On Demand, an ad-supported service providing free movies and TV shows on demand; and Redbox Free Live TV, an ad-supported television service giving access to approximately 100 linear channels. The company is based in Oakbrook Terrace, Illinois.
EBET, Inc. develops products and operates platforms to provide a real money online gambling experience focused on esports and competitive gaming. The company operates a portfolio of proprietary online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It also provides iGaming, which include online casino and table games, such as blackjack, virtual sport computer simulated games, and slot machines, as well as traditional sports betting. The company was formerly known as Esports Technologies, Inc. and changed its name to EBET, Inc. in May 2022. EBET, Inc. was incorporated in 2020 and is based in Las Vegas, Nevada.
Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company owns and operates a fleet of approximately 338 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the eastern United States region comprising the southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain region consisting of western Colorado and southern Wyoming, central Wyoming, western North Dakota, and eastern Montana; and the Central United States region, including Eagle Ford Shale and Permian Basin in Texas. Enservco Corporation was incorporated in 1980 and is headquartered in Longmont, Colorado.
Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering, acquiring, developing, and licensing therapeutics and diagnostics to treat and prevent human disease and alleviate suffering. Its portfolio includes immunology, rare disease, infectious disease, and central nervous system (CNS) product candidates. The company's immunology portfolio includes biologics to address organ transplant rejection, autoimmunity, and cancer, including TNX-1500, a humanized monoclonal antibody targeting CD40-ligand being developed for the prevention of allograft and xenograft rejection and for the treatment of autoimmune diseases. Its rare disease portfolio comprises TNX-2900 for the treatment of Prader-Willi syndrome. The company's infectious disease pipeline includes TNX-801, a vaccine to prevent smallpox and monkeypox; TNX-1840 and TNX-1850 that are live virus vaccines based on its recombinant pox vaccine (RPV) platform for COVID-19; TNX-3500, a small molecule antiviral drug to treat acute COVID-19; and TNX-102 SL, a small molecule drug to treat Long COVID, a chronic post-acute COVID-19 condition. Its CNS portfolio includes small molecules and biologics to treat pain, neurologic, psychiatric, and addiction conditions, including TNX-102 SL, which is in mid-Phase 3 development for the management of fibromyalgia; TNX-1900 that is in development for the prevention of migraine headache; and TNX-1300, a biologic designed to treat cocaine intoxication. The company was founded in 2007 and is headquartered in Chatham, New Jersey.
Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company was founded in 2017 and is based in White Plains, New York.
#Nio long trade idea based on VP analysisNio was a bullish stock until the China fears took over the market. It still commands a good brand recall in China and should recover its price crash as China unlocks
The chart also suggest a squeeze breakout and volume study gives us probable targets for the immediate short term . welcome comments and dissenting views
SPX: It is not breaking our RESISTANCE! How to proceed?Hello traders and investors! Everything is going according to the plan here, and the index is struggling at our resistance around 4,168. Let’s see what to expect from here.
First, the index did exactly what we expected in our last analysis, as it broke the green line at 4,128, and it is seeking its next resistances. The 4,168 is working well for now, and it seems it won't be easy to break it. The link to my previous analysis is below this post, as always.
Now is the third time the index is struggling at this resistance. Since it is in a bull trend in the 1h chart, as it is doing higher highs/lows, any correction up to the red line at $ 4,073 should be considered an opportunity to buy. However, we must not lose the red line, otherwise, this would ruin the bullish structure.
In the daily chart, the index is still trading above its 21 ema, and above the 4,090 (the trigger point of this Double Bottom chart pattern), meaning, it is still bullish in the daily chart too. As long as we stay above our support levels, the 4,300 is the next resistance to aim for.
The index just started its reversal, so the situation is still delicate. The volume is still lower than usual, and this is annoying. Nevertheless, for now, everything is going according to the plan.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
CME gap 9 may 2022Hello friends.
are you okay?
thanks god...
because crypto market open green in monday we can still see it bullish for mid time.
and we have some factors that show this opinion and strenghen our analyze
lets look at them :
1-we can see two important levels of fibo retracement around CME gap.
these levels are 38.2% and 61.8%.
so we have an overlap area here.
2-we have a gap in CME from 9 may 2022.
because of weak momentum market couldnt fill it until now.
but if we breakout this pattern that i illustrate in chart we can fill it!
3-we have an old trendline that can be act as an resistance level there.
4-moving average 55 is here just around levels that cme gap occured.
5-and in the end i see increase in volumes in lower levels of this pattern
and it could be showing that we have good supports in this levels.
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dont forget to manage your capital and risk.
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if you take a trade you must set a good stoploss.
(NOTE!!! this article is my own opinion and its not a trade advice.
please tarde on your own opinion and use others opinion to improve your
analyze.)
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so i will do that.please support me and i wish use your experience
and you can help me to improve my abilities.
thank you all.have good days.