Volumespreadanalysis
DOTUSDT | DECRYPTERS |POLKADOT Hi people welcome to Team Decrypters
We are buying DOT in spot for MID - Short term and Allocating 2% of portfolio
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Reasons :-
--A trendline breakout is a situation in which the price of an asset moves outside of a previously established trendline. This can signal a potential change in the direction of the trend and can be used as a buy or sell signal by traders
--Volume Profile is a charting technique that uses historical volume data to display the distribution of trading activity at different price levels., Traders use this information to identify areas of support and resistance, as well as to identify potential trading opportunities
The first appearance of negative signsThe first appearance of negative signs.. a head and two shoulder
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
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TSLA ready to bounce fastTSLA is probably one of the most famous bubbles that we had in this last bull market. Yes, it's probably one of the future car companies and more, but it was extremely overpriced.
Few months ago the algorithm showed a marvelous Head and shoulders pattern which usually predicts the end of a trend.
This october we had a confirmation of the break of this pattern and then we projected the price objective (black).
The price objective for a head and shoulders pattern is calculated by taking the distance between the head and the neckline (in the case of a top) or the shoulder line (in the case of a bottom) and projecting it downward (in the case of a top) or upward (in the case of a bottom) from the point where the neckline or shoulder line is finally broken. This distance is then added to (in the case of a bottom) or subtracted from (in the case of a top) the breakout point to give the price objective.
Consequently, the price objective for this pattern is between the range of 100-110$ where we also see previous volume and support and resitance levels in the 108$ zone. This worked fine and seems that it started bouncing. We should see the price rallying to 150 or even a bit more if the bounce is hard enough.
Anyway, if the price is back to the 100-110$ range seems a nice moment to buy with low risk and a potential fast return. Take care, this is not yet a bullish reversal for the long term trend, so we could see lower prices in the future but seems a great moment to take advantage of this pattern.
NIKE SHORTA historical third wave has ended, and its length is less than one historical wave, because the extension occurred in one wave. Currently, we expect that wave 4 will be made in any area of the above, and then a fifth wave will be made that will be less in height than wave three, so that wave three does not become the smallest of waves, of course, according to the rules Eliot
Four wave downA historical third wave has ended, and its length is less than one historical wave, because the extension occurred in one wave. Currently, we expect that wave 4 will be made in any area of the above, and then a fifth wave will be made that will be less in height than wave three, so that wave three does not become the smallest of waves, of course, according to the rules Eliot
💎 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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