#DGB decision time#DGBBTC has held up impressively well during this unstable market. It has been bouncing within a descending wedge and is now consolidating and forming a bull flag. The completion of this flag will indicate which way price action will swing. Stoch faced upward indicating an uptrend it to come. VPVR shows we are in the thick and have nice support here. MACD flat and ready to crossover as well. Looking bullish to me, open target
Vpvr
#POABTC just entered the buy zone#POA just entered the strong support area aka the buy zone. Visible range shows we are in the thick. MACD crossing over and Stoch primed for reversal. Lacking volume but it will come. Wait for a break of the downtrend line. Blue lines are targets.
Some Thoughts on BTCUsually when the price reaches a HVN /HighVolumeNode/ on the VPVR, that means
it's a consolidation time. If the force is strong with the bears, they can drive the market down
to the second HVN and again it is more than likely that we see a nice consolidations at these points.
Bullish scenario: Bears struggle to drive the price down to the second HVN and we see a nice
uptrend to ~8.1/~8.3k where our first major resistance is, again based on VPVR.
Bear scenario: HVN 1 & 2 are breached, then we have a LVN /LowVolumeNode/, which basically
means the market is much more likely to rally through it and finally stop @ our HVN 3 which is a big big support.
n.b. Nevertheless an uptrend is imminent, so heads up! ;)
Reference Chart for 3 Apex variants, Bolli's, DMI, and VPVR This chart shows 3 variant apex points.
HOW TO USE THIS CHART:
A. Triangles 1, 2, and 3 can be used to identify potential support and resistance levels.
B. Bolli's serve as good reference point to plot feasibility of intra, day or swing targets, up or down, within 1d ATR.
Is your target within these ranges? Confirm logic before you 100x from price at the edge of upper or lower bands.
C. Volume Profile Visible Range on far right to show price where majority of market is trading, and short or long interest at each level. Note VPVR will only show volume of positions on visible candles .
D.Use DMI to judge strength of up or downward momentum based on -Di or Di .
Di (- or +) above value of 25 is considered trending.
E. ADX is blue line within DMI, and can be used to confirm trend strength identified with Di. Note: ADX measures the strength of the trend and tends to go down before reversal. It measures the strength of the CURRENT trend [i.e. ADX at 50 can confirm strength of down or up move. Invest in yourself, do your homework.
www.tradingview.com(DMI)
Don't be fooled in to thinking that money only flows if you can hit the tops or the bottoms.
Trade the range and secure profit on every run up or down.
THE MARKET WILL NEVER RUN OUT OF ENTRIES.
Appreciate the risk.
Predicting downtrend length & the subsequent buy opportunity.Here, I am using a 4H LTC/BTC chart to estimate the length of a potential downtrend, beginning at this point in time. If the trend holds, I see a turnaround & buying opportunity at the point of confluence between the trend-line and major VPVR support @ 0.017 BTC in early April.
DGDBTC - Possible 25% gainer with more potentialDGD is a coin that has designated itself as the stable coin of the crypto world, its use similar to precious metals in a bear market.
Viewing the chart on the 6 hour chart, we can see through VPVR that there is good support around the high .020s region, protecting DGDBTC from breaking out of its trend channel. However, what's also seen is its resistance levels above it around the 0 level Fibonacci extension. MACD is very bearish, while RSI is starting to trend up but has not made a convincing strike up.
On the 2 hour chart, the 48EMA is about to cross under the 100EMA, DGDBTC is stretched far out of the Bollinger bands, RSI/MACD aren't looking so great either.
However, it's wicked up from the -.236 Fib extension, making a double bottom on a support level. It also has not broken the Fibonacci speed resistance fan's .382 level. We may see a reversal now, but due to its the indicators I believe that the best option would be to make orders in down to the bottom of the trend channel, with a stop loss near the -.382 Fib extension level. It may also be wise to take profit at levels before the target.
Important BTC Fibonacci & VPVR levelsBTC is breaking out of a long term, down-trending channel @ around the $10,700 level. Major VPVR and Fibonacci levels imply there will be further resistance up until about $11,272. A break of that price level could cause a move all the way up towards the 0.618 Fibonacci level @ $14,506 in the near future.
Another look at NEBLBTC with VPVRVPVR shows us that NEBL is at a very healthy price level.
The white lines around it shows the developing VA, value area; where all the trade is happening.
The POC, point of control, shows where the very most trading volume took place. It's the chalk blue horizontal line
We're at the bottom of this and the only way is up!
RSI is above 50; for me, this is a very strong indication of buyer pressure.
MACD is flattened out: this means we are going to face a consolidation phase, but because we are at the bottom of the trend line, this means that we are only going to go up in value.
BTCUSD - Small dip before a dump (then a run)We're going to hit the fib line and RSI is at 70. I am expecting a few hundred dollars dip before it resumes.
Then I believe it will dump a >$500 at $12,000. Not sure if it would break the speed resistance fan line, but it can rest on the next price trend line like it has done when we hit $9,000.
Overlay shows either shorts increasing or longs have been closed; either way, I am expecting pull back at this level, but I am certain that going under $10,000 is going to be very difficult for BTCUSD.
BTCUSD - Predicting with Volume Profile FR, Speed Fan, and FAPredictions for short term (1-7days): 9000-11500
Drop: $9700 - $9800 - $10050 - $10300 - $10500
High volatility possible in lower 9k region if we go there, 8k lowest if something crazy happens, ex. extreme bullrun
Based on Vol Profile and retracements.
Up:
$10900 - $11500
Barring a huge dump, I believe we will continue to consolidate in the $10,000s region. Then riding along the price trend line around mid $11,500s.
Short term, >$12,000 is hard as we would need to cross up a speed fan line.
Parameters:
Volume Profile, Fixed Range (VPFR)
Speed resistance fan goes from trough to current peak
Dashed trend lines are the price trend lines that I have found BTC to be riding. Zooming into the 1 hour chart shows a story.
Why I chose 18 Jan. to start VPFR and retracement: I wanted to have a month's worth of data only to go off of. It makes it easier to find identify price trends on a smaller scale.
Why I chose VPFR over VPVR: It allows me analyze a chosen section and keeps the same values even if I change scale.
Speed Resistance Fan
The lines act as supports/resistances. Drawn from trough to peak, it uses the Fibonacci ratio and is best with the Fib retracement. You can see BTC bounce in between the 1 fan and the .786 fan lines. If it falls through, the next fan is support. I don't believe we'll cross the 1 line soon.
Volume Profile (Fixed Range)
VPFR shows traders where the most trading took place, price range wise. It's a flipped axis volume.
VPFR shows the largest trading volume took place in the $8,000-8,800 range, as well as the $9.800-$10,550 range, for a month. In our case, we can see that the reason for this is because of consolidation and reaching our old price ranges again. And by seeing where the most trading volume lies, we are able to predict that it is a point of support for us.
VPFR has 3 lines shooting out of it. These can be turned off as they only serve to provide redundant information as an overlay; it is still helpful if you need it to see Volume Profile's values over the entire chart.
POC: Point of control. This just shows the peak trading volume's price range. If value falls through the VA region to the POC, it can be seen as a strong support.
Developing POC: This line shows where the POC has been before and where it is now. It can also be used as an overlay to show the peak volume region on the candlesticks.
Developing VA: Value area. This is the region that has the most trading volume. If above it, it can be seen as a support. If below, it can be a stiff resistance.
Fundamental/News Analysis:
Bitcoin usually drops on Monday. In conjunction with rejections at $11k may be cause for concern.
SEC Suspends Trading In 3 Companies Due To ‘Questions’ Around Cryptocurrency Ties : further legitimization of crypto as a currency by regulating it. Note, all three companies are owned by the same individual.
source: cointelegraph.com/news/sec-suspends-trading-in-3-companies-due-to-questions-around-cryptocurrency-ties
Most family members have met together already for Lunar New Year's. This means that any money to be taken from crypto has been taken; we might get some new money in a few days when they clear their red envelope deposits.
Futures from established firms: Although the futures are a fraction of total market cap for Bitcoin, we must keep in mind that our markets are segregated due to KYC/citizenship laws. There is also the psychological factor that may cause it to lower.
Psychological barrier at $11,000: for every $1,000 we hit, there are shorters filling orders. How much they can short depends on how profitable it would be for whales to drive the price up.
No clear support: we rose quickly with little time for correction. VPFR is showing that we have had a high amount of trading in the lightly highlighted zones. The right axis shows the price points of those areas. I believe those will be points to watch.
VEN, ready for take offI first noticed VEN when binance announced their promotion . After reviewing this coin, I have decided to enter at a favorable position. Its got all the green flags you need in an altcoin, and the potential for its future is immeasurable.
Fundamentals
Take a look at this article ( steemit.com ); it lists 8 bullish signals.
With the Binance promotion, there will definitely be a lot of volume in the upcoming days!!
Technicals
MACD has the fast line crossed and speeding upwards
There are high buying volumes recently (4h)
If it crosses the triangle, the sky's the limit as there are no dynamic pivots we should watch out for
Entry
0.28 - 0.3186 (Triangle, dynamic pivots, and VPVR line)
Stop loss
0.2242 (The next dynamic pivot, and the end of the ichimoku cloud)
Targets, based on Fibonacci retracement levels (7% margin of error)
1. 0.3915
2. 0.4601 (ATH)
3. 0.6582
4. 0.9787
5. 1.2992