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Institutional Players Set To Send BTC UPUsing historical volatility and the Wyckoff method, we've determined that the current range which began with a selling climax on Dec 3rd will produce a prolonged uptrend in the near future. Look for a shakeout and subsequent breakout to the upside. The current range is almost identical to the May 2021 range and in a miniature form the Sept 2021 range where the market settles at the low of the original selling climax that created it but never quite distributes below.
Long
by GreyPool
5
Scary but also beautiful BTCScary but also beautiful! How is it possible? We see clear downtrend and now it’s confirmed also by Options Sentiment indicator at the bottom (both signals aligned - more volume in Put Options than Calls (orange vertical bars) & red background showing sentiment of Options indicator. Both are Bearish now. But when BTC will reverse (and it will happen somewhen in future) we have so many untested Virgin VPOCs to fill in! And believe me - Virgins are always retested 😉 Last but not least - check blue Volume Zone from VSA Scanner, where we’re close to its’ top edge. Reversal point? I am NOT entering Long (yet), but I keep closely observing BTC. Options combined with VSA are complete trading suite if properly used. I've created tools available for everyone which are universal (works on multiple types of instruments). Start getting your edge in trading today!
CME:BTC1!
by skyline-trader
3
Strategy & Analysis with Options Tool suite kitToday I would like to introduce you all to process of analysis step by step instruments with usage of Options Toolkit Suite. I wrote in my earlier posts what edge can give us data obtained from Options Market. So now let's jump into details and have step-by-step detailed guide. Firstly we need chart layout split to 3, as on three different timeframes we will perform analysis and monitoring for potential trade opportunities. Process follows: All starts on D1 timeframe looking for key levels - where we can check Eagle-eye view perspective. Here most important is Options Flow Sentiment indicator (at the bottom) where we look for blue background - it means equal Volume on CALL and PUT options aka Balance on market is set. From those moments in time we take close of the candle/bar - and this is our significant S/R Level. If there is level too close to another one, I skip drawing it just not to make chart too noisy. Continue on D1 timeframe checking Options flow Sentiment - also looking into sentiment indicator, I check firstly for green/red background. This is self-explanatory showing advantage of Bears or Bulls camps respectively. Then I am looking where is more money on Options flow put - if green line is above red line, it means volume of CALL Options is respectively bigger than PUT ones (aka Options traders put more money on Bullish move). In reverse works the situation for Bears, where red line is above green one. Check for Virgin VPOCs on M30 - I am looking for untested next day VPOC levels. Those levels are always retested by market = working like a magnet. The only question is when it will happen. It's convenient to know if multiple levels are below/above current price level in order to know the balance/pressure on the market. Also for Intraday Trading, if price passes one of Gamma Levels near VPOC, we can try to trade a move with target on Virgin VPOC. Mark Demand/Supply Zone on M30 - When we see multiple Bullish/Bearish candles in row so in other words strong impulse on market, I am looking where this move began. When I identify it, first reverse candle before this impulse sets range of Zone. Ok so jumping to example: in case of strong Bullish impulse, in the place where it started I am searching for last Bearish candle before start of this impulse. This candle's High and Low are marking range of the zone. After setting up zone, I am waiting for First Retest of this Zone . In case of Demand Zone (bullish impulse) I play in case of retest Long, in case of Supply Zone (bearish impulse), I play in case of retest Short. Very often we also can observe confluence, where within Zone or in close neighbourhood we will also have present one of Gamma levels. In case of Zone fail during 1st retest, this is also major signal but in direction of breakthrough zone. Intraday Setups on M15 - Gamma Levels are marking key levels for observation. In general breaking through Gamma level is a signal for potential trade with target on next Gamma Level. Very rarely are passed levels Extreme Low and Extreme High of the Day which are setting typical maximum expected range of the day. Breakthrough Gamma -1/+1 is a signal of anomaly and typical for Trend Day. So if this level won't hold, then I play in direction of breakthrough. Another setup is bounce from Gamma -/+ 0.5 which is often very strong Intraday Level. In case of observed bounce back, target of the trade is Pivot (mid between Gamma -0.25 and +0.25). Additional confluence factors - I am looking not for quantity, but for quality in case of trades - that's why I take opportunities which are having in common more factors aligned in direction of trade that I plan to take. Therefore when Gamma Level is passed and I have relatively close Virgin VPOC is one additional example. Another one would be Gamma level within or in close neighbourhood of Demand/Supply Zone. Last but not least - VSA Scanner Signals. When I see before Gamma level Demand (signals below candle/bar) or Supply (signals above candle/bar), it can add me additional confluence factor or sometimes push me to avoid taking this particular trade - when I expect Bullish move but I see instead Supply signals.
NYMEX:CL1!
by skyline-trader
2