Weekly volume divergence and bearish reaction Here is one of the reasons why I expect the dump. Since this “bull” market started, there have been two trends in volume, and both are downtrends. Which creates a massive divergence with the price. The only volume candle that broke both trends with almost double the volume of the yearly trend at that moment - was bearish. Rejection from reaching 50k. Less and less bullish money is creating the price. FOR A YEAR! And bearish cash is there. Obviously.
Volumedivergence
What is Volume Divergence? - Divergence in the US Markets?Whenever we see a divergence, this means they are going through a process of moving apart or deviating from what we are seeing.
In this case the US markets, even though it appears to be trending higher, but its activities and especially its transacted volume are telling us otherwise. And what are their implications?
My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities.
In conclusion:
Please note the divergence we are observing here; it does not indicate that the market is going to decline anytime soon.
What this means is that the bullish trend we are currently witnessing may be losing some momentum.
Therefore, it's important not to become too complacent and assume that the bull market will continue charging indefinitely. During times like these, it's always good to take calculated risks with our investments. Continue to buy on dips with cautiousness.
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EGLD/USDT 1D (ELLIOT'S WAVE ANALYSIS & BEARISH DIVERGENCE)There are two scenarios. 1 - by Elliot. MA147 is as good support. 3rd and 5th waves would say will finish just below MA200 resistance, that gives good perspective. RSI is going for a third attempt to cross the trend resistance line as well, Aroon after falling stays straight. Stoch above 80, means possible move downward. Macd just broke up Bearish neck, good sign for grow. 2 - ABCDE movement inside of bearish wedge and down to previous local lowest price. Bearish volume divergence.
KNC Reversal UpdateA new reversal pattern has come to reinforce the previous signal of a possible reversal.
All the last 5 candlesticks have long tails. That a sign of a local supply zone.
Price may go as low as 45% or more before find the next important support at $2.30.
Any thing can happen in the crypto market, be careful with your shorts.
You can find my previous KNC TA below.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
KNC Reversal Update & General InfoAs I said in my previous two TAs KNC showed strong signs of a bearish reversal. One more sign has added; this of the fakeout.
“In this report I will explain some crucial issues, most novice traders ignore and lose money and time. “
Fakeout is one of the most dangerous bullish or bearish signs and if you are unable to deal with them you can lose a significant percentage of your investment. It's a complicated signal, i will explain it further in a new report.
Divergences (like volume, ROC, RSI) are NOT timing indicators. This means, f.e., if you find out a ROC bearish divergence in monthly charts, price may raise even for years before the reversal occurred. Use them only in conjunction with other indicator, news, fundamentals etc.
Also like ANY other signals like MACD cross overs; it is not 100%. Why? Because trading is probabilities.
In our example why volume divergence and local supply at $4.40 was strong bearish signs?
1) KNC price was rising while altcoins are in bear market since May 2021
2) EVERY altcoin is HIGHLY correlated to BTC and the MOST important of all… KNC is not the exception.
3) Entire market is in fear & uncertainty for over half a year
Those are only a few of all that can affect the price of a crypto asset.
Crypto market is a live entity. It changes over time.
I am completely out of KNC, at an average of $4.91 per KNC.
What if KNC go straight to $30 from here and you are out of the market, like me. It’s simple…. Don’t care. I will reenter the market when and if price reach at least $2.00 or below $1.00 and/or I find bullish signs in fundamentals & technicals at the same time.
Another personal example:
I bought BTC after Covid Crash at $5k and sold them all at $11.5k. (Find the correlations between and Alts.) With that money I bought MANA, SAND, QTUM, IOTA…Do your calculations. 3500% is bigger than 500%.
I did/will do the same with the profits of the KNC. It was the perfect opportunity to sell.
*Think about it … A crypto rallied 400% while the others went to Hell. The perfect opportunity! *
Do not…never ever be a fanboy of any coin, it’s just … money, nothing more. Sold them when the time comes and find a new opportunity with more potential.
Remember trading/investing is probabilities. Find the way to make money even when you are wrong. Always have an entry and exit plan and DO NOT hesitate never to close a position when going against your expectations.
Thanks for reading!
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Not a financial advice. Always do your own research.
KNC Volume DivergenceKNC is in an uptrend since January while almost all other crypto are in a bear trend.
Last 3 days is struggling to break its previous high at $4.25.
That's what i'm concerned is the volume. It is declining both it the daily and weekly while price is continue to raise.
A rejection is expected in this resistance $4.25 or around 161.8% Fibonacci extension.
If you intend to go long it's not a good idea to open your positions now; it's better to wait a clean break and flip of $4.25 before make your actions.
If this level doesn't break, the retracement may be as low as 50% or 38.2% Fibonacci levels.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
BTC Volume divergenceIn 4H LTF, volume is decreasing last 7 days while price is rising.
That increases the probability of an upcoming short-term retracement.
A possible support is around $45k.
I doubt if it will reach 0.382 Fibonacci level, all it's possible in crypto. Don't forget there is a war is process. Nuclear war threats, etc.
It is not recommended for novice traders to open shorts here. It's against the primary trend. Instead, look for a good long entry if price fall near $45k.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
LAZR- Increasingly crowded LiDAR spaceWhile VLDR focuses more on LiDAR's robotics and industrial application, LAZR is solely focusing on LiDAR's application in the automobile sector.
According to Orlando news, LAZR has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world’s largest commercial vehicle manufacturer, Daimler Truck AG and Volvo, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively.
MobileEye's potential plan to build its own LiDAR, along with LAZR's lofty valuation compared to its peers, may negatively affect LAZR's price in the short run. However, Volvo's plan to roll out a level 3 car in 2022 using Luminar's LiDAR, Mercedes's partnership and LAZR's singular focus to build LiDAR that is commercially viable for mass-produced consumer cars should keep LAZR's share price afloat in the foreseeable future.
In the short-term, I expect some lvl of price uncertainty as Innoviz has already gone public and so will Aeva in the near future in this increasingly crowded LiDAR space.
volume divergence, price in uptrendno entry for me yet, but feeling bullish. watching marijuana price action into next week.
UNI- Deep correction may indeed be overThe governance token of granddaddy of all AMM and DEX.
I believe the deep correction is nearing its end, but there could be another re-test near the bottom of the demand zone.
DeFi governance tokens are volatile by nature so proceed cautiously.
Just my two cents. Not the investment advice.
US 30 ?Fake Breakout: Volume not ConfirmingToday's 400pt lift in Dow was unconfirmed by volume which declined as price rose. VOLUME DIVERGENCE violates basic Dow Theory:
The session volume in each day's trading reveals nearly all the session volume was traded before the thin air lift at the end of day.
A move against trend must be confirmed by increasing volume to be a true trend change, else it is merely a countertrend movement.
Expect this rally to fail and return to consolidate around price rotation area. Failure will likely lead to capitulation & panic-selling break down.
I could be wrong, but I'm buying a single put Wednesday to test my theory!
This is not investment advice, trade at your own risk and good luck!