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VARAUSD trade ideas

VARAUSD - Still Bullish - RangeboundAs you can see VARA has broken out of the squeeze. It has completed the head fake followed by a confirmed pipe bottom and healthy wick. Price action has bounced significantly forming a higher high and a higher low with a confirmed pipe bottom and good reaction off of the golden pocket which consists of massive orders waiting for you to sell into. As a swing trader you are REQUIRED to take liquidity at the top or bottom of a range because THIS IS YOUR MONEY. Don't apologize or care, if someone wants to stick their neck out and place liquidity out there for you to grab TAKE IT! That is your money! Market makers who are liquidity firms have the job of smoothing out the price action to make it more profitable for their clientele and they CANNOT afford to lose even the smallest percentage of profit because they are trading the skim edges of the price action. Thus, when you take liquidity you move the market in the opposite direction. This is why I say over and over, trade the range until it breaks because when it breaks YOU and this random team of swing traders we are part of WILL be the ones to move the market and we will have collected ALL of their bag before the big move up. Everyone always worries about market manipulation and I have news for you as a swing trader you are adding health and longevity to the market. Every time you trade you add volume, you move this coin up the coinmarket rankings and as it moves up it gains notariaty and attention because that move up the rankings IS a buy signal to many traders. Thus celebrate the pull back, celebrate the move up but trade it, take insurance shorts, double up your longs, it is all going to pay you back one day. Trade the range, good luck, and good night my friends. Here are pivot levels: $0.0145-$0.0150 (Bullish pocket) $0.0220-$0.0260 (Bearish Pivot) Expansion leading to bullish breakout (Price will go up)
COINBASE:VARAUSDLong
by fritbjorn
2
VARAUSD - Market Maker Liquidated at Confirmed Bottom ChannelShout out to @Wesunderhill for snagging a solid entry of 300k which I could confirm at the time in order flow. In this video I go over why I think that that level was an amazing entry and how I perceive the remaining market oscillation to perform. We are still hunting that elusive failed auction which we may have just witnessed first hand. Taking a market maker's position out by liquidating them forces the market to move in the other direction. These foundations and companies that try to control these markets cannot afford to lose any percentage because they make such small amounts on each trade. Thus anytime you see a market maker position like that take it all, every bit of it. Liquidate them because you are taking their money. That 800+K we took off the table was substantial as that is about $15k or so which is a lot for a small market cap coin such as this. Trade the range till the range breaks. Good luck everyone.
COINBASE:VARAUSDLong
by fritbjorn
2
VARAUSD - Range LevelsI know I sound like a broken record but this asset IS still in a squeeze, thus TRADE THE RANGE. A lot of shredding of this chart is going to start happening as this squeeze starts to expand out. We are going to see BIG MOVES in every direction. Use this as an opportunity to take some money out of this market, it is a win win for all of us. Sell insurance shorts at or near the top of the range. Buy it back at or near the bottom of the range, or be like me and just do it now because you are about to go to bed. For me a few hundred pips this way or that way doesn't matter because rest assured, I am selling at every top and buying back in at every bottom. This is how it is done my friends, it isn't rocket science. Get yourself a reliable order flow source and trade a solid range. You can do it all week, every week, all the time. Sure, you are going to lose some moonshots or a range will fool you and bottom out, but every time that happens you wise up; a solid range can seem to go on forever and man it takes a long time for a volatility trader like myself to find one of these. I got so excited about it I had to share it with the world. Ok, I'm tired, good night. Make a lot of money while I get some rest.
COINBASE:VARAUSDLong
by fritbjorn
600% falling wedge extension for VARA Network?On the above 4 day chart price action has corrected 90%. A number of reasons now exist for long entries, they include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Past resistance confirms support. 3) Point no. 2 confirms a “double bottom” in price action. 4) Notice the 4 day hammer candle? 5) The falling wedge confirmation forecasts a 600% move in price action. Is it possible sellers keep selling? Sure, I hear their supplies are endless. Is it probable? No. Ww Type: trade Risk: small, tiny market cap. Timeframe for long: Now Return: 600%
COINBASE:VARAUSDLong
by without_worries
48
VARAUSD - Bullish ConfluencesAnytime two bullish levels intersect it is considered confluence. When two bullish technical levels intersect it is called bullish confluence. The yellow lines indicate the bottom of the range according to trend, the green box indicates the bottom of the horizontal squeeze range. The trend means absolutely nothing to us other than to mark where anticipated wick could reach, naturally because of the stock and risk market crash yesterday it obviously would reach that line. This is a positive thing because it means that we don't have to wait for it to happen anymore, the painful part of the squeeze reversal is done. Now we wait on expansion and when a weekly squeeze expands moves are going to be substantial.
COINBASE:VARAUSDLong
by fritbjorn
VARAUSD - RangeboundFor those of you who keep saying that the range has broken, please kindly take a glance at my chart. This range was never broken. The asset has dipped very low into the pocket and will likely produce a massive wick. VARA is in a situation where the range is descending ever so slightly into a bullish squeeze which consolidates horizontally over the long term. All we can do is continue to trade this range and as new levels arise record them and trade. This range that we are trading is very different from the ascending range that followed the open of this asset on Coinbase a year and a half ago. Plus there is capitulation thanks to the Trump tariffs which degraded CAD and MXN currency value pushing the dollar upward. If you look at USDX and DXY US dollar currency you will find that price action on that chart has landed up against resistance. While more gains could very well occur a pull back is possible too since both Canada and Mexico are speaking of retaliatory tariffs.
COINBASE:VARAUSDLong
by fritbjorn
VARAUSD - Bullish Squeeze - TargetsPrice action has been in a bullish squeeze for the past day with the first head fake down into the bullish pocket early this morning. VARA has a massive bullish weekly candle with still about 9 hours remaining. The weekly candle that starts tomorrow is statistically more likely to close green and at a much higher price. This bullish movement is far from over however I still recommend keeping a close eye on order flow, order walls, and set pivot point according to live data.
COINBASE:VARAUSDLong
by fritbjorn
14
VARAUSD - LIVE CURRENT ORDER FLOW LEVELSI remain long on this asset which remains within a long squeeze. This range we are trading is phenomenal in nature providing some of the easiest entry points at pivot levels that have been highly predictable in nature. The weekly candle has about a day left and remains strongly bullish. Statistics show that the next weekly candle will be green, probability towards being a very long bullish candle if this level of volume remains high. A record amount of liquidity was removed from this market over the course of the past 2 days with volume across all exchanges reaching nearly $10 million dollar, something I have never witnessed before in this asset. With that being said, trade the range as normal however use great caution when taking insurance at resistance levels. Remember these levels are not my calls these are physical order walls that stand in the way of the asset reaching higher levels but yesterday we all witnessed level after level easily absorbed. Price remains above 20% higher than my re-entry point at 1620 pips. VARA acheived a higher low as anticipated. This aligns with unlock timing as staking restrictions pull back for those locked coins, expect more volume and rapid increase in price. Exchange listings can occur at any time with this coin taking longer than usual to list simply due to the complex nature of the blockchain integration, it will be done especially as exchanges begin to recognize that they are missing out on volume related fee income. Those of you who are new to following me, keep the following in mind always: Trade the range until the range breaks. Take as much coin out of circulation with each pivot entry. We don't sell at the bottom of a squeeze range. We don't buy at the top of a squeeze range. This is not a pump channel, we are here to extract wealth from this range with long target upwards of $0.20 since this coin is very oversold and undervalued.
COINBASE:VARAUSDLong
by fritbjorn
1
VARAUSD - Long Target - Additional AnalysisFollowing a very long squeeze an asset will tend to break out violently with high demand. This puts a long-term target at around $0.20 easily achievable. Expect a lot of volatility in this tight slowly squeeze, price action is going to become more erratic as investors begin to jump ship and others get onboard, those trades will be mostly a wash as smart money gets in and the fearful lose out. And while of course there are no guarantees what I can tell you is that statistically speaking, large breakouts happen right after these long squeezes. You can see on this very chart short tight squeezes which I have pointed at here that produced fairly strong pumps with massive pullback. There is a lot of money to be made in this coin just from the volatility alone.
COINBASE:VARAUSDLong
by fritbjorn
19
VARAUSD - Levels, Bullish Squeeze Entry PointHere are my levels: Bearish .022 Bullish .017 I tried to do a video to go over bookmap levels and demonstrate the squeeze live but I cannot speak well enough right now. I am tired and it still hurts to talk. I have the 4-hour time frame on my screen which would be unusual for me usually but I want to show you before the breakout occurs, how a squeeze looks. Notice how the B-Bands have tightened very tightly at the far end. This is what it looks like before the price explodes. In the video I was talking about how buying squeeze is more reliable than buying based upon wicks or 80/20 candles or hammers because in a falling knife pattern these candles can form there over and over, but with a squeeze, a tightening is an actual market event that precedes a price explosion. You have heard the saying don't catch a falling knife, if you do it is a gamble. With trading everything is a gamble, but you can up your success rate by choosing signs that are more reliable statistically speaking. I have done a lot of my own statistics, some of the statistics others have already written about but with squeezes they are probably my most reliable indicator of a price explosion. Alright, I am going back to bed, trade safe my friends.
COINBASE:VARAUSDLong
by fritbjorn
9
VARAUSD - Bullish Squeeze - Consolidation Phase ChangingVARA has been trapped in this long bullish squeeze for a very long time and although the timing may differ from what is demonstrated on my chart, this asset is no doubt ready to pop at any moment. If you zoom in or out on any level there are constant tight squeezes, one after another that always result from a breakout, the only one that has not broken out yet is the squeeze that is visible on the higher timeframe. There remains substantial support by way of a massive order wall at around $0.018 with no real resistance until $0.025 of about 6.8 million coins, an amount that is really not substantial. I do realize that there has not been very high demand for this coin but make note of the squeeze and substantial support and technical indicators clearly show a bullish reversal is in the books. The consolidation phase has changed to a point where there is high volatility, high volume, and a massive increase in positive delta spiking. While it does not make sense for demand to spike at this time, aside from the recent, barely known listing of this asset on HitBTC, there are buyers. In this regard I remain long on this asset.
COINBASE:VARAUSDLong
by fritbjorn
17
VARAUSD - Bullish Fan PatternThe purple lines are order block levels represented on the micro 4 hour chart; these are subsequently minor resistance and support levels however order flow data from BOOKMAP confirms an order block of over 6.3 million coins exists at $0.025 up to $0.03. So, someone is protecting that level and also $0.02. So, with this being said we VARA is still rangebound as it has been for several months, since at least August when it first came up on my radar. The yellow line is a bullish fan pattern and represents diagonal support regions. Typically on the micro such as this the gradient is too steep to maintain so the asset will pull back to what is in this case the next area of support $0.02. The asset will likely move sideways for a little while however, I cannot stress this enough... Trade the range till the range breaks. In saying that, don't listen to anything other than the chart. If the chart says, as it does, that the asset is range bound then the asset has moved into an accumulation. If you see on the micro as I have demonstrated that the asset has continued to bounce around in the micro range, zoom out to the weekly and turn on the BBands and look for squeezes. Now for the good news. VARA is confirmed in a bullish squeeze on the weekly. What we want to happen here is that it stays flat for a long period of time not exiting $0.03 and not exiting the bottom of the range and just bouncing between the general area of these levels for as long as possible eventually tightening into a long period of very flat indecision candle that will show hopefully on the monthly. Once this occurs, breakout to the upside is very, very likely. I am not a financial advisor, trade safely my friends. Make that money.
COINBASE:VARAUSDLong
by fritbjorn
18
VARAUSD - Weekly Bullish Squeeze Continues to TightenThe bullish squeeze on the weekly chart continues to tighten as smaller moves are being achieved. To the untrained eye these small irritating moves will mean time to sell however patience, and experience teaches that the desired outcome is smaller moves, further tightening of the B-Bands. There is always a period of B-Band tightening preceding a large move. One would think that the last move was substantial enough however if you see my chart, it was a drop in the bucket. As it stands today VARA's volume is up 12X compared to the pre-HitBTC listing volume and while BTC experienced a pullback overnight the price is still well bullish even as ugly as the chart patterns are on the micro levels. Remember that squeezes often shake investors out and at the same time create whales.
COINBASE:VARAUSDLong
by fritbjorn