Volumeanalysis
Back testing from January Here I am back testing from January using ICT concepts, and volume spread analysis on CME_MINI:ES1!
The asset is volatile. Time to sell!The asset is volatile, traded on volumes. The price got a reaction in the region of $ 0.77, made a false stab and went lower. Now we are trading in the sideways. Local highs are decreasing. I expect to exit the sideways and move lower. Goal - 0.55$
USD/CAD likely to move up!Hey tradomaniacs,
USD/CAD has tested a strong key-support-zone which is the breakoutzone of the current major trend.
The oderflow looks bullish so far in the small timeframe, so I will give it a long trade but ofc with aggressive management until we see a break out of the current consolidation.
What do you think?
BTC failing to break above bearish volumejust a heads up, BTC looks like on face value its going to go up, but bare in mind, BTC isnt breaking above bearish volume as you can see with my relative volume profile at the bottom of the chart showing it isnt breaking above the red line, ignore the included strategy stats from the strategy i have on chart , it isnt relevant to BTC or the timeframe.
A small update about ETHIn the graph I have drawn and described the lines describing price and volume trends and their relationship to understand what's going on.
First thing I noticed the peak of volume happens in the mid of the leg down, and went to 0 meaning sell pressure gone and after that a correction to 1300 happened.
Right now the price is consolidating at 1250, but by the small trends being created by PA and volume we can see how the correction behaved similarly to the dump that caused it.
After that, small area of indecision I have highlighted with a cyan circle.
Now the latest thing to notice is price making lower highs and lows, with the volume beginning to increase again + I have glighlighted in red a confirmation by volume and price and their trends, I have explained in graph.
We're in for a second drop soon.
BTCUSDT - Phoenix Ascending BEARISHHi Traders, Investors and Speculators 📈📉
The markets have been trading bearish overall, with over 2 billion drained from cryptocurrency within the past 48 hours. This comes as no surprise to me, as I have been watching the DXY increase and the TOTAL crypto market show weakness. And so I made this idea a few days ago :
There is a possibility that we may correct towards the upside after this drop, we could even see a few altcoins increase over the next few days. However, the Technical Indicator Phoenix Ascending is showing that BTC is in trouble in the weekly timeframe, and if a reversal does not show up on lower timeframes, the next major support zone is only at $12500.
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CryptoCheck
Huge player is systematically pushing the price in the spot ordeWaiting for the breakout after the next touch of the level. Huge player is systematically pushing the price in the spot order book towards the level. Be aware of liquidity grabs as volatility is high.
XRP: break strong support levelThe instrument is about to break strong support level. Both spot and futures deltas are red for more than 20 minutes showing the prevalence of sellers pressure. Open short positions on high activity before the breakout. Target - 0.4
Sellers are pushing. Interesting coinInstrument has formed long consolidation above strong support level. Volumes are higher than average. Waiting for the next touch and higher sellers volumes to catch impulse. Delta is stably red for 15 minutes in a row, showing increase of sellers pressure. Target - 0.0055
EUR/JPY Support On EUR/JPY is nice to see strong buying reaction from the price 144.770 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
CAD/JPY and new strong S/R zone On CAD/JPY is nice to see strong buying reaction from the price 107.270 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Strong volume area + Rejection of lower prices is my mainly reason for this long trade....
Happy trading
Dale
Huge volumes. Easy money!On the FTT coin there is a clearly formed level with 3 touches which has been relevant for almost half a year.Now the coin has super increased volumes, at which we have come to this level and begin to form a trade.I expect a rise to the level and accumulation to enter the impulse breakout.
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
CROX - broke out of consolidationCROX broke out of an Adam & Eve bottom on 29 Jul, however it began to trade in a wide sideway range for the next 3months. Part of the reason could be due to overall market weakness / bearishness and traders/investors were not bullish enough to want to push the stock decisively higher until they can see at least another round of earnings beat/guidance.
With the stock is now back above it's 200 day moving average and it is likley that it is on it's way to "recovery'. However I will not be too surprised that the path forward could stll be fraud with choppiness considering the overall market condition.
With the strong volume push above the consolidation range, any near term retracement could (hopefully) find support at Friday's large candle's low @76.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
DAL monthly bearish hammer DAL monthly bearish hammer, not the best entry, but expect further down movement in wave 5 of downtrend. Stop above the candle, take profit to point of control on monthly
