Swing BTC daily 1D timeframe ₿BTC is in sideway from Feb 16th. We can see red high volume at zone 24785, but today I'm seeing the daily red candle close in valuable range so my plan is going to short it.
My plan is really simple. Price can move down to zone 22884 or 21405
22884 is really a strong support for now.
21405 zone will be the next support for BTC if buyers at 22884 zone could not protect their positions.
Let see how BTC goes :)
Happy trading guys :) B
Volumeprofileanalysis
EUR/USD 30M Swing trading 💶Plan 1 Green 🟢: Price has the potential to go up to zone 1.08862 and hit zone sellers, price move down to 1.08652.
Plan 2 Cam 🟠 : after touching zone Buyers and penetrating to go to zone 1.0845 - 1.0835.
Plan 3 ⬭ : Rejection Buy occurs at the red ellipse and the price moves up to 1.08539
They are all my vision and It is highly subjective because it is on big timeframe, so be careful guys! Happy trading :)
Ray
AUD/USD coils up at the lows - 68c up next?A potential bearish continuation pattern is forming on the 4-hour chart around last week’s VPOC (volume point of control). RSI (14) produced a bearish divergence ahead of the selloff and remains below 50 to show negative momentum overall. Prices remain beneath the weekly and pivot point and monthly R1, so now seeking evidence of a swing high beneath those levels for a move down to 0.6850 and eventually the 0.6800 support zone.
Trading with Volume profile there was 3 setup for intraday trading
first one after seeing rejection of imbalances ( high risk until we entered the Value again ) take profit @ POC or VAL
second one after seeing rejection of VAL ( this one was most valid setup of the day , we rejected imbalances and VAL at the same time , there were clear signs in the footprint ) take profit @ VWAP or POC or VAH or even finding new values at higher prices
third one was after breaking of VAH and retesting it ( usually u shouldn't enter at breakouts , cause it might be just liquidity hunt . u should wait for retest of breaking point ) take profit @ new values at higher prices
i usually dont like break out trades , but there was another opportunity after seeing absorption behind the vwap .
💎 Analyzing the Various Shapes of Volume ProfilesVolume Profile is a tool that shows how much volume (i.e. the number of trades) is happening at different price levels for a given asset.
It is used by traders to analyze order flow and make inferences about market direction, support and resistance, and potential reversal areas.
The patterns in a Volume Profile may appear random at first glance, but there are certain recurring shapes that can be used to make predictions about the market.
🔵 P-Shaped Volume Profile
A P-shaped Volume Profile is a chart pattern that typically occurs when a market experiences a sharp rise followed by consolidation.
The lower part of the P-shaped profile represents low volume rejection, while the wider upper part shows an increase in trading activity at a "fair" price.
These patterns are often seen during uptrends, but can also indicate the end of a downtrend and a potential short covering rally, which is seen as a bullish signal.
🔵 b-Shaped Volume Profile
A b-shaped Volume Profile is a chart pattern that forms when a market experiences a sharp decline followed by consolidation.
It is the opposite of a P-shaped profile and is often seen during downtrends. The upper part of a b-shaped profile represents low volume and an "unfair" perception of price,
while the wider bottom part shows an increase in trading activity and a balance between buyers and sellers.
If a b-shaped profile appears during an uptrend, it could potentially indicate a reversal. These patterns are generally seen as bearish signals, as they often represent longs exiting the market.
🔵 D-Shaped Volume Profile
A D-shaped Volume Profile is a chart pattern that occurs when there is a temporary balance in a market. The Point of Control (POC), which is typically located in the center of the profile,
indicates an equal number of buyers and sellers. Some traders view a D-shaped profile as a sign of a choppy or sideways market without a clear direction,
while others see it as an opportunity to anticipate a potential breakout in either direction as institutional players build up their positions.
🔵 B-Shaped Volume Profile
A B-shaped Volume Profile is a chart pattern that occurs when two D-shaped profiles appear within a specific time period. It is characterized by a single value area and Point of Control (POC),
although some traders may divide the profile into two separate "D-areas" with their own value areas. B-shaped profiles are generally seen as a continuation of a trend,
but it is important to note which POC is more dominant, as this can indicate whether activity was highest at the top or bottom of the profile.
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XAUUSD Short PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis of XAUUSD. We can assume/define the Buying climax starting from Dec 15, then the price moves down to up, while the volume is just down, which means this wave may not be good - even if the price is still sideways up (Phase A). After that, take a look carefully at Phase B of this channel, the price is continuously sideways but the structure of the volume is broken with a climatic volume at the middle of the range - It is a warning signal as it should not appear as a general rule in the accumulation schemes and therefore could be a footprint to add in favor of the downward control.
Focus in Phase C - UTAD, the price tries to leave the value area of the composite profile but is strongly rejected (bear engulfing candles - Dec 27 & 28). The market is not interested in trading at higher prices and that's a new signal is added in favor of sellers.
The last signal: Do you see the price's momentum is very weak when it reaches back the UTAD?
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Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
Trade Plan 12/22/2022
P-Shape Formation = Short Covering + Strong Buyers
*Possible end to a downtrend if we can confirm the market structure change.
TP1> If we manage to Trade/Bid above MAIN POC 3905, I want to see a break above previous POC 3914 (BEARS LIS) to support the upside trade. After than we can go for 3934 > 3960 > 3980 3995.
TP2> If we manage to Trade below MAIN POC 3905, the downside is 3886 > 3874, where maybe we can have a BULL Fight, if lost we can ride back to 3858 > 3850 Naked POC.
*All trades must be taken after IB (Initial Balance) 9:45am-10:00am
#tradesafe #sizekills
How To Use Volume Profile Tool For Massive Gains! 99% ReturnsDisclaimer: Not Financial Advice
Using The Volume Profile as a tool for my Nava Imbalance Strategy, I have made 99% ROI time and time again!
1. How I Use Volume Profile Tool
(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and on the way back enter or wait for a retest.
Light Blue = MAGNET LINE
(Shows which side the pressure is pointing to)
- Price will always come back to the magnet line
- IF magnet line is getting closer to one side of the range, Its early indication of direction.
- Note, price WILL fakeout to the opposing side blue line before moving hard to direction of early indication to give you best possible entry!
WARNING: Volume Tool CHANGES. Long term not so much but still keep in mind.
2. Magnet Line is closer to bottom of range =
Bearish Pressure
3. Pressure builds up within the magnet and support zone
until price breaks out to retest opposing blue line resistance first.
4. BEST POSSIBLE SHORT ENTRY
Retest here usually results
in a Fakeout. Look for ENTRY SETUPS
5. ENTRY SETUPS
Double Top/bottom, Head & Shoulders, rsi/macd oversold/overbought, etc.
6. FOR BEST RESULTS (80% Profitable)
Use Volume Profile Tool with Nava Imbalance Strategy
(View @JOKESTV Tradingview)
CADJPY Long PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis CADJPY. As we see after CADJPY went down from 110.2 to 99.5, the price hold in this area for more than 14 days - price range around under 2%. I did statistics from Jan 2022 until now, if the price is holding in the price range under 2% from 14 - 21 days, CADJPY will have a chance to pump. If the price reverse to the 99.67 - 99.42 area, I will do a long trade at 99.67 and the 2nd entry is 99.4, then hold it to 104.67
Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
Ethereum - lack of volume - volatile FOMC meeting timeEven in case of bullish fakeouts
Assuming good news at FOMC announcement we might see a quick move up for ETH due to lack of volume above dear Crypto Nation
That's the power of volume - be prepared‼️
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
AUDJPY Short planBased on the Wyckoff methodology and Volume Profile, we can assume the current channel is distribution, and price potential moves down next week. If the price reverse to the 92.3 - 94.2 area, I will do a short trade at 92.6 and the 2nd entry is 94, then hold it to 84.7.
This setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
Volume Profile on NZDUSDDrawing volume profile on the given trend gives us HVN's to consider as buying zones. our first HVN is marked with blue rectangle in addition to that we can see base candles there." if you are familiar with RTM terminology." So that level could be a valid long zone.
Second zone is our POC level which still could be a valid long zone.
Be Sure to watch for news (PCE, unemployment claims, PMI ) during the US session as they could severely impact the market.
Volume Profile on NZDCADWe start by drawing a volume profile on the bullish trend. It gives us high volume nodes which could potentially act as support levels, should price drop.
I take the POC level (red line) with my usual risk percentage(1%), and the first area of support with half of my normal risk provided that factors are in place upon entering the position.
GRND IPO POP then DROPOn the 15-minute time frame, the price action is decidedly bearish
over the past couple of days. Gauss filters downward.
The Ichimoku resistance against a reversal is thick.
Price has dropped more than 15% each day.
The RSI indicator shows dismal strength and no signs of divergense
to herald a reversal. I am in this as a short seup and
have profited well taking a partial each day. Option plays
are not available. Once the bear trend burns out, this will be
worth looking at for a slow uptrend. So once the relative strength
drops to below 25% or some bottoming wicks and Doji candles
appear on the lower time frames, I will look to take the profits
and trade the uptrend. ( this may bounce up from the POC of
the volume profile as a reaction to support. )
PLAY the VOLATILITY !
QQQ Sustained Uptrend representing a retracement down to the Fib 0.382 level from the top one week ago
on the 30 minute time frame. Double bottom at the fib level. Additional confluence
from the anchored VWAP -3 stand deviations as well as now a gain today into the
price of the POC line of the local volume profile confluence into the VWAP.
Apparently, there are now buyers who will need to pause for the holiday.
This appears to be a rally of sorts for this index fund and a decent long setup.
The call options with Friday's expiration did quite well.
YANG China 3X leverage Bear ETF UptrendAfter uptrending from a double bottom ealier this month,
by the volume profile YANG looks to recover to 26.85 which is also a good 50% retracement of
the down trend. Moreover, the uptrend could extend to a second target about 32.
This could be a good swing long setup with a great reward for a small risk if setting
the stop loss just below the POC black line at 17.25.
Observing the volume on the price to track actual big buyer
Technical analysis can be used in many ways.
Someone applies to AI projects and also someone uses only the trading view tools function that is enough to predict price the first sight.
As you may see in the chart view, we need to find the pattern of the accumulation phase.
The question is how we know the big buyers (insider/hedge fund/billionaire) are buying.
Normally the stocks will have price making, the price maker can be the owner, big buyer, hedge fund, and every beneficiary.
We need to follow the price maker, and you will able to make a big shot.
To find the big shot on stock, there are several methods.
I would like to share with you my methods for finding the big shot of trading.
1. Deep-down price
We need to find the panic sell from all traders (big/small traders).
It will be the first significant falling down of stock price at least 60 percent of the maximum price.
people need to don't trust the stock anymore.
2. Let it fall
After the price is falling down, you also don't know if this is the end of the bearish trend or not.
In this phase, we need to action nothing and wait until the volume increase in term of price.
Volume has 2 types. 1st is volume based on time. 2nd is volume based on price.
3. Acute-Angled Triangle of volume profile
The degree of the triangle will represent the buyer are buying.
the fewer degree of a triangle and a long time of stable price are the meaning that the big buyers are still not completed buying.
They will not let the price go up until they accumulate stock enough for running a new cycle.
Our duty is buying in this phase too.
These are only 3 examples from many for finding the stock to take a big shot.
We also can use coding to track which significant price of each stock of each month.
SPY Capitulation! Bears in full controlIn this analysis of SPY, this is the third time in history of SPY (excluding Pandemic black swan event) that the RSI has gotten into the bearish control zone on the monthly chart.
Historically, this only happened in March 2001 and March 2008 before the market capitulated.
In 2001, the market retraced 50.45% from ATH and in 2008 it retraced 57.41% from ATH.
There is a huge volume profile node at around 210 which would be about 56% retracement, in align with historical data.
The Federal Reserve still has at least three rate hikes to go. Furthermore, the quantitative tightening cycle is putting a lot of downside pressure on the market as the fed unwinds their balance sheet.