Bitcoin's Volume Profile: A study of Volume-At-Price AnalysisThere are two ways to analyze aggregate volume on a chart. VPA (Volume Price Analysis) and VAP (Volume At Price Analysis). Traditional VPA displays the gross volume traded at a particular time frame via a vertical historgram. The second approach, VAP, is often labeled as a Volume Profile. Depending on how the data is compiled, Volume-At-Price is calculated per tick or is merely a representation of the number of bars/candlesticks that are present at a particular price range. This tool has evolved over the years to include more advanced forms of the Volume Profile such as the Market Profile (Time-Price-Opportunity) - not available on Tradingview. Regardless of the type of VAP used, the principle theory is the same:
Empty spaces (low volume nodes) between high volume nodes behave in a volatile fashion. Think of price moving into these low volume nodes like a vacuum - price gets 'sucked' into and through that empty space swiftly.
And on Bitcoin's chart we can see that price is sitting in a zone that is very close to a swift drop zone through the low volume node below, until it finds support around the 2500-2800 value area.
DROP
NZDCAD | Opportunity for low risk short.NZDCAD has been trading in a descending channel on the daily chart for some time.
After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support.
Price is now treating this zone as resistance and we've seen a slow down in momentum.
If price declined to the 0.89150 support we would go short upon a break & retest of this level.
Alternatively we may see price increase to the descending trend line before dropping. Either opportunity sets us up with a low risk short trade.
SPX Monthly Chart AnalysisAfter dropping from the current bull market Trump announced that we were only but experiencing a glitch in the market, suggesting the bull market will continue. However I disagree with that idea, although I do admit that the sentiment has become more bullish on the recent days I still stand bearish on the market. My reasoning being that the market had been overvalued for a long time and had to collapse eventually. This came true last year and with the knowledge of Elliot Wave theory one knows that a corrective move has 2 swings to the downside. Currently price is heading to the next resistance but I believe that price should soon push lower.
NASDAQ ANALYSIS 27-12-18Nasdaq showed a crazy 5% drop before Christmas and an insane recovery soon after. I have mixed feelings about this. A lot of mixed signals are coming from this market and it is really hard to determine what the next move will be. Eventually we are in a big correction wave on the long term trend that could easily turn into a new bear market wave after breaking some important trend supports. However, I don't think this will happen that easy. This drop caused nasdaq to drop under a very important support line which can also be seen as the 0.618 FIB support. That one turned into a resistance and the 4% bounce stopped there.
For now we are bouncing between 0.5 fib and 0.618 fib which is also a very big resistance. I expect this down movement of today to continue for a while. Maybe some more red days where we might test the 0.5 fib support and long term trend support again. But it is so hard to tell due to the heavy volatility.
Be careful trading.
NEO facing troubles NEO is under threat of falling below $17 in the latest market downturn, which would effectively wipe out all gains since August 2017. The asset peaked at $196.85 on January 10 as the first days of that month coincided with an apex for the entire crypto market. But there are reasons specific to NEO that may be causing the slide.
NEO was meant to resemble Ethereum in that it would be required to make projects run. But the network actually uses the GAS asset to move tokens, so there is no direct demand for NEO. Additionally, ICOs still prefer to collect Ethereum, Bitcoin, and, lately, cash in US dollars or even euros. NEO is simply not as popular for fund-raising.
The additional trouble is that there are not enough airdrops. Barring the high-profile airdrops of Ontology (ONT) and RedPulse (PHX), as well as a handful of other projects, NEO has not enjoyed much popularity on that front. A few airdrops created extreme hype and demand for NEO, but the mood changed later, and a simple airdrop does not inspire more buying.
Don't PanicBased on my analysis:
In my previous post I was saying the price was about to go down again. That was the case, and really abruptly.
I would like you to remember all the horizontal lines I've drawn on the graph here. These are keypoints to the Bitcoin moves.
The price is doomed to fall down 5000, but people will fight against that. The price can go down until 3838 USD in the worst scenario, and even less, but I've stop checking below (too much fear, seeing below).
What I see : there will surely be a battle field between 4750 -> 5365. But immediately, the price should soon decelerate its rally down. but it will continue again, soon after. It'll be a Bears' pause.
In the S4 Mirror indicator, we clearly see the bulls lost the game. This can really be seen on a one-hour graph : greens floated 3 times in a row (=not cycling)), then things came back to normal, and immediately after that, a huge drop occurred. That's a move I've talked about in one of my previous ideas. On a 4-hour graph it's less perceptible. I wasn't much online to report this in time.
But there is a hope.
First hope (but small), the value in S4W/Normalizer is about to cross under 2 lines, these lines are kind of "brake strings" for the fall. it's soon to come. So the drop will pause a bit. Surely in the coming hours or day. That's due to the psychological 5K barrier. That barrier will be breached down anyhow. But it's not the end.
Second hope, which is a bit far, is the fact that we are still seeing a "calling candle" at 7788. So it's not the death of bitcoin. It's an "archer's effect" that is happening for me, but it's a really critical one, since there is a lot of panic already. And that panic is tending the "archer's string" to hard, will it break due to all that tension, let's hope not. If it doesn't break, we will see an explosive up move to 7788 and above, and that will make a real rally up for Bitcoin, since people will have faith in an uptrend.
There is still too much indecisions though. More analysis needs to be performed.
So for now, I see the price should battle between 4750 and 5365 a bit, with some still uncertainties. Who will win that battle on the field? It's too early to say.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
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Next drop wick and bounce targetNext time we drop I think the wick could be anywhere between 4760-4640 as its a bit of a drop.
I think the price will be pushed back up to 4820-4840 for the candle close and bounce.
Left side shows volume profile for October / November last year when we were at this price level
Righ side shows current candles and order blocks to match up with the left
One more sell wave coming, here's whyWell everyone who is going long now, needs to learn how a bottom and reversal looks.
A drop like this, without ANY kind of bounce, is indeed very very weak.
What is more, the longs are still much higher than the short, meaning that too many people think this is the bottom, they want to long prematurely,
and BTC wants to naturally destroy as many people as it can XD
No, but really, 4h stoch RSI overbought, high longs, and no bounce. Looking as if BTC would like to finally see the high 4 thousands again.
I think it will do so the latest in 1-3 days, maybe even today in the evening.
The support area dates back to a peak from 2017, which topped at shortly below 5000. This is the area to watch.
Bitcoin Biggest Bear DROP coming !!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
You think you saw a big drop over the last 24 hours!! Bitcoin Biggest Bear DROP coming !!!
The support line has been broken @6055 area and there is only one direction that the trade can go now SOUTH!!. Next resistance line is now at @4500 area.
Follow your trading plans, remain disciplined and keep learning :)
HAPPY TRADING :)
BTC Market Compression - Market Will Show Direction Soon We are experiencing a compression in market, Low volatility and no clear direction. I am expecting a breakdown or a break out depending on the direction the market springs out. According to the chart we are looking at a 51/49 % based on statistical probability of a breakdown being the 51%.
Since this is a longer term decline that has lasted over a year we are in a descending wedge formation we are leaning more on the breakdown to be a bit more possibly 60% probability to the downside. The best way to trade this is to short the breakdown or long the break out, Until we see a clear direction I would be neutral and caution your positions. If your trading you might want to scale in once you see the move breaking above $6,500 and build shorts under $6,300.
The price will react according to the demand and it seems there is very low volatility will allow bot trading and whales to move the market as they please. Be cautious and smart. Always use stop losses, and protect capital.
Best regards, If you enjoy this chart drop a like and a share! :)
I'm going to call this the "Silicon valley tech stock bubble"Sorry Jeff... time to dump
Tech stock #2 is amazon tech stock #1 is netflix
and netflix is already starting to dump... not to mention Nvidia
dun dun dun! this is unfortunate due to amount of people that will be out of jobs ... manipulated economy by the ELITE!!!
GBP/JPY - Big drop coming (900PIPS potencial)Hello traders,
I detected a bearish endgulfing on the weekly chart on the top of the channel.
I would wait for a clear break of 147 psicological level and then enter this short trade.
After confirmation we can have a much smaller SL.
SWING trade here, but with big potential.
If you like my analysis please dont forget to leave a like or comment below!
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I really hope this fractal doesn't play out on netflix..We are seeing some early signs of bearish sentiment ... I have said multiple times in the past if we get some type of correction in stocks it will be because of overvalued tech stocks such as google amazon Netflix nvidia and many others..
I am not trying to call a top here! we still need to make more lower lows to confirm the trend but we are getting early signs of bad structure similar to the way the internet bubble was topping out .
the spx could have a trend line failure and do a ABC or go for more legs up so we are just watching those levels
But yeah I don't want this to happen cause it would mean lots of people loose money but also I feel I need to post warnings to watch for lower low patterns and more weakness so you don't get exposed to a 40% drop or something crazy like that.
remember there are lots of kids Netflix and chilling these days but you can also still use torrents and hulu
Stay safe and stay profitable out there.
Long Term Analysis SPX500 12/10/2018The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it further, 2500.00 is the next target.
Long Term Analysis SPX500 12/10/2018The SPX500 has created a fresh new supply at the beginning of the recent drop.
This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it further, 2500.00 is the next target.
financial crisis and posible rising of bitcoin.hi, financial crisis is here , in the next months dow jones get down hard to 0.61 fib.and the world economy will go into recession. follow this chart bearish div in rsi and macd, media of koncorde d'ont have volume, mago staperlo in negative zone. you need a plan for this crisis good luck.