TNYA Biotechology Penny NASDAQ LONGTNYA has been in consolidation the past two days being in the flag of
a bull flag pattern on the 1H chart. Earnings about six weeks ago were
solid especially for a biotechnology stock which are generally priced
based on future potential and not current performance.
( Fundamentally TNYA is in the gene splicing /slicing place which is
perhaps the most lucrative and therapeutic of all of the various
areas in the biotechnology realm. Seemingly, its potential is
expodentially high. )
The zero lag MACD lines have crossed under the histogram which in
general can be considered as a buy signal. The histogram has flipped to
positive.
Upside to the overhead resistance zone by the Luxalgo indicator
is from an entry of about 5 to 6 or about 20%.
Very recent high relative volume as compared with
the 50 day moving average further supports a long trade at this
time. The stop loss would be $.02 below the POC line of the
volume profile.
I will play this with options to further leverage the price action.
Both options and stock are inexpensive for a small account.
Volumeanalytics
A View From The Institutional Perspective This is usually on a range chart when I use them so I hope I converted them over alright. This gives you a Market Makers view of the market. Usually I would invert the scales like the top indicator is. Does it look familiar to anyone? Just wondering ho many use things like this. Personally I find Realtime volume footprint chats to be fascinating. Also this maker maker style chart is a great tool to see why the market moves the way it does, especially if you use it to see what happened on a losing trade.
I admit I there is still so much to learn when it comes to this and VFPA but supply and demand is as simple as it gets. Hope this helps someone. Try looking at it on ranged charts as well. It looks different and I prefer the bars to any style candle but I couldn't get this to work with the bars not in ranged charts. I mainly us it to see where I went wrong in a trade and learn from it but it can be use for so much more. Footprint charts will show you exactly where the market is moving to at any given time if used properly.
Free tools I use in conjunction:
bitcoinwisdom.io
aggr.trade
I use many more such as Sierra Charts, Motive Wave, Hyblocks, Bookmap and a few more but they can get pricy. The above are free and paint a nice picture. Bookmap is sort of free but it is my least favorite but is easy to use and well supported.
I sort of hope the bear market is not over because I like to use that time to study and learn new things as well as prepare for next bull. According to cycles I don't see how it could be over. Usually a bear lasts at least a year and crypto usually 2. I mean it is never always bearish there are some bullish moves in them but the majority is downtrend and sideways range. Sideways markets are a great time to truly test your trading skills. It seems easy just looking at it but in my experience it is anything but and very hard to extract profits from. It is why I expect to see the markets reverse very fast to really wreck reckless less experienced traders. As soon as you get comfortable in a nice long BAM! The DROP! That is a terrible way to think and I still have problems with it personally. is a terrible way to think when this is happening cause you miss out on a lot of opportunities waiting on the other shoe to drop. I hate that I have grown some bearishness in my older age. I guess like everything there must be balance.
I hate these but here it is: None of this is financial advice because I am not getting paid to provide it and am not your financial advisor. This is all for fun and educational purposes and only intended to assist you on your trading journey not keep losing in the markets. Anyone who says its easy and quick is full of crap or got really lucky once and will eventually end up where they were before. The only way to succeed in finance and trading is to learn all you can and progress slowly. Not the most fun but the only way I have seen truly work long-term. Remember we are competing with some of the smartest minds on the planet and it's not necessary to beat them. We can work with them or grab profits from their gains. Going against them is not something I ever recommend doing. They are not the enemy anyways, just made out to be, I believe we our are own worst enemies in trading especially in the beginning. This is something I will continue to be learning probably right up to the day I die or eventually retire but doubt I would stop trading even then.
Also I will never ask you for money or crypto for anything. You should keep all your assets and never pay anyone for signals. Learn to see your own and if you are going to pay for something pay for good education from a real professional. It is easy to check their references and most don't share their trades till after the trade is over. Everything I do I do for free, no premium, no telegram or discord. Had a free telegram group but no time to maintain it. It was for fun Cryptoholics Anonymous and G3N3S1S TR4D3ING but I just closed them as it was too time consuming. Please be very careful and do not lose your hard earned assets to scammers or become liquidity for some random group offering trade signals. Personally I don't have much free time so I am not on as much as I would like to be but I try to check in as often as I can.
Enjoy. I suggest you seek out as much information as possible if this interests you. It has made a difference i my trading, added an edge but it is hard to chart for others to see. At least it is for me anyways. Remember Capital Preservation is key and risk management is key to capital preservation. I know everyone is screaming that now and they usually do during a bear market but that all goes away when the market turns bullish. Just something to keep in mind.
Best CryptoCurrency Indicators On EarthWaiting patiently on the next dib for Bitcoin .
I will share this unique indicator (combines Price+Momentum+Volume Analysis all together) to anyone who likes and commends his or her thoughts on UncleBo . Positive Mental Attitude For The Win :)
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ES 27 Nov 2017-1 Dec 2017, Volume AnalyticsI trade and make forecasts by using platform Volfix and check volumes there. And here I just want to share my view on the marker, so sorry for there is no volumes on my graphs.
For purchase
— impulse in 1 week, 1 day
— there is no sellers reaction on new historical high aacording to the over volumes in 1 week on 2597
— directed up volatility last week - there were no selleres inside the week
— week was closed up
Complicates purchase
— overimpulse volatility ( 1 week )
— there is no repositioning 2592 up neither on 60 min nor 15 min
— POC of the last week was moved up to 2598
— fixing 2592 as a support on Thu was without volumes V and without strong volatility
Conclusion: keep growth till the seller will show his interest with volumes. The support to keep comfort growth - 2596. Getting lower 2592 will move market to 2584 to keep this level as a support. Fast reversal is unlikely at first we will see over rection to 2584 and next step - fixing 2600 as a resistance level.
Task of the week: realization of collected volumes during last two weeks with holding 2592 as a support (for easy long)
Positive scenario: slow directed growing volatility without big sellers volumes with achieving 2618-2622
Negative scenario: 2606-2608 as a resistance for the first part of the week without big volumes, first part of the week rotates in 2592-2606 with potential to keep growth with Wed getting higher than 2606
Cancel purchase: 2608 - huge selling volumes, volatility to 2590, fixing 2600 as a resistance and positionin it lower than 2584 in the second art of the week
Key: how easy will be kept long positions on Mon and how big will be sellers influence near the new historical high
Week: buy 2588 take profit 2608 / 2622 reversal priority 2584
Monday: buy 2592 / 2596 take profit 2606 - 2608 reversal priority 2590