Ethereum capitulation coming?ETH is resting at short term Point of Control at 1175 / 1235 range. If this point of control is lost we can test the 1200/1000 levels and pursue further sell pressure. All time historical Volume point of Control is between $100 and $200. If you are leverage trading make sure you set your stop losses near the low volume ranges where the price can lose stability and volatile movements may occur.
Volumeanalysis
BPCL - Head & Shoulder pattern - 15% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
VIJAYA - Ascending parallel channel patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
GSS - Ascending triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
GOING LONG IN AUDUSD | TRADING STRATEGYBullish Indications
1. Series of Higher Highs and Lows
2. Significance Support Area at Entry Point
3. AUD Index is Bullish
4. USD Index is Bearish/Sideways
5. Volumes are increasing as the price is in the range
Bearish Indications
1. Break 0.236 Fib level support
2. Recently Formed Double Top which is a reversal pattern
3. Break Trend line support
Gala is ready to dump! We have extreme barest divergence on the one hour, and we topped out with confirmation in the volume three hours ago, so the drop should happen anytime. This token suffered an attack on its accounts and had its tokens stolen so I’m not sure if this token will recover at all it’s probably best to just short this token to zero in my opinion.
PIDILITE INDIA, ANALYSIS!!a monopoly stock, with great returns in a year, is the greatest thing to have.
a detailed analysis is written down:
firstly , the red trend, is the original trend past corona crash.
now since the markets had become bullish post corona crash, it has formed a new trend, and that is drawn by dark black line. the red line resistance, has now become support of stock.
after the rally, markets were consolidated, and the stock was moving sideways. then came the june- sept rally 2022, since then markets got consolidated, and became volatile.
since then from 3 months, stock is forming a good traingle pattern, there could be a breakout.
moving to next point,
since the stock is bottom of its trend, this makes sure that is in its support zone, a good pullback was show today.
RSI ANALYSIS: average time of stock's rsi moving is from 50-70. currently the stocks rsi is 50, this says that unless there is a bear market for pidilite, the stock is bottom off. this again shows a bull move, coming.
i predict that, if volume not supporting the price, and if INDIA'S bear market for shorter term, continues, stock could fall further, but since the stock has been mostly bottomed out then if stock started showing a positive move, then one can take some swing positions, and may exit around 2800. if it breaches the 2600 support of traingle formation, then i see downside till the 2500.
i hope that stock would move about 7% upward.
How To Use Volume Profile Tool For Massive Gains! 99% ReturnsDisclaimer: Not Financial Advice
Using The Volume Profile as a tool for my Nava Imbalance Strategy, I have made 99% ROI time and time again!
1. How I Use Volume Profile Tool
(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and on the way back enter or wait for a retest.
Light Blue = MAGNET LINE
(Shows which side the pressure is pointing to)
- Price will always come back to the magnet line
- IF magnet line is getting closer to one side of the range, Its early indication of direction.
- Note, price WILL fakeout to the opposing side blue line before moving hard to direction of early indication to give you best possible entry!
WARNING: Volume Tool CHANGES. Long term not so much but still keep in mind.
2. Magnet Line is closer to bottom of range =
Bearish Pressure
3. Pressure builds up within the magnet and support zone
until price breaks out to retest opposing blue line resistance first.
4. BEST POSSIBLE SHORT ENTRY
Retest here usually results
in a Fakeout. Look for ENTRY SETUPS
5. ENTRY SETUPS
Double Top/bottom, Head & Shoulders, rsi/macd oversold/overbought, etc.
6. FOR BEST RESULTS (80% Profitable)
Use Volume Profile Tool with Nava Imbalance Strategy
(View @JOKESTV Tradingview)
SPX: BEAR MODE again! What's next?• The SPX lost our key support at 3,911, a sign of weakness, and this indicates more correction;
• Now the index is finally doing a lower low, while it is below the 21 ema – a trait of a bear trend;
• In this scenario, the next stop is the 3,818, to fill the last gap (yellow square);
• In addition, the 3,911, our previous support, is supposed to work as a resistance in the future, along with the 21 ema. Any bounce to these resistances should be considered just a bounce, before it resumes the bear trend;
• So far, there’s no technical evidence that the index will bounce or reverse the sentiment, as there’s no bullish pattern/structure around;
• The volume is quite high, indicating that this sell-off is intense, indeed;
• For now, let’s focus on our gap. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Total amount of stable coins transferred on-chain vs Bitcoin📝Overview
This indicator measures the total amount of coins transferred on-chain.
Only successful transfers are counted.
(Glassnode)
📈Analysis
In this chart I put the main stable coins.
Looking at the on-chain volume, the highest volume so far was reached on Nov 08, 2022, at the bottom marked in the red circle.
Looking at it, the break of this support would be accompanied with a new record in volume.
🔎Binance
Looking at Binance's stable coin in isolation, we have a temporary new all time high.
Large Holders Netflow vs Bitcoin Price📝Overview
IntoTheBlock classifies addresses based on their holdings the following way:
🐋Whales: Addresses holding over 1% of a crypto-asset’s circulating supply.
🐬Investors: Addresses holding between 0.1% and 1% of circulating supply.
🐟Retail: Addresses with less than 0.1% of circulating supply.
In most cases, any holder with over 0.1% of circulating supply of a large cap crypto-asset holds a substantial amount of funds.
Therefore, Large Holders Netflow measures the amount of inflows minus outflows pertaining to these addresses.
Spikes in netflow can be seen as accumulation from large players, while drops point to reduced positions or selling.
(Source: IntoTheBlock)
📈Analysis
Analyzing the Netflow graph of Bitcoin, Ether and main stable coins, we have an exit peak on 📅June 19, 2022, made in USDT, as shown in the green circle.
The resistance created on this day needs to be broken to confirm a bullish scenario in Bitcoin price.