Filecoin - A Stunningly Bullish ChartCRYPTOCAP:FIL
This chart is one of the easiest layups I've seen, not solely in TA but the fact a where it sits while the BTC ATH has been been breach prior to the Halvening
This is the textbook Ted Warren perfect buying pattern, combined with a Wyckoff accumulation schematic after a perfect 5 wave from the 2020 top.
Since then PA has presented an incredibly bullish momentum breakout, exhibiting mammoth volume at exactly the right place seen through on the OBV which has already flown far past the pervious ATH.
Do what you will with this information, I know I have.
VOLUMEBREAKOUT
Risky + Doble Digit - ALLCARGO📊 Script: ALLCARGO
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout if it.
📈 MACD is giving crossover .
📈 Right now RSI is around 63.
📈 Price increasing along with volume which indicate Volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 85
🟢 Target 🎯🏆 - 92
⚠️ Stoploss ☠️🚫 - 81
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
THETA ANALYSIS💥💥#THETA Analysis 🚀🚀
#THETA is breaking out of a falling wedge pattern with huge volume on 3d timeframe👀
We are expecting around 100% movement in first run✈️ 💸
👀Current Price: $1.957
🚀 Target Price: $4.000
⚡️What to do ?
👀Keep an eye on #THETA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#THETA #Cryptocurrency #TechnicalAnalysis #DYOR
BOIL vs KOLD Natural Gas Leveraged ETFs : LONG KOLDThe KOLD / Boil Ratio is shown here on a daily char. A rising ratio level indicates KOLD is rising
and BOIL is falling making the ratio rather extreme If KOLD rises 10% in a week and so BOIL falls,
in a hypothetical say they start out 140 and 20 respectively and KOLD goes to 154 while KOLD falls to 18 the ratio moves from 7 to 154/18 = 8.55 the ratio moves 22% for the week.
What does this all mean ?
With triple leveraging and management fees taken out long leveraged ETF shares may experience time decay on a daily basis. Share values are net after expenses.
From the chart's visible the only time the ratio fell and BOIL was the long play was
September 25,'23 to November 15, '23 and December 14, '23 to January 14, '24.
In 2023 prior to late September KOLD was always the long play, In 2024, after January 15
and to the present KOLD is the long play and the ratio is accelerating and getting more
volatile as it is potentially getting over-extended. Combined volume in the range of 20 M /day
is 2X showing great interest by market participants.
I conclude especially since natural gas spot prices are falling as recession fears are not yet in the past, that KOLD is the leveraged gas futures ETF to take long. This trader considers the
management fees as a cost of business. The futures are stratified and leveraged obivously
the cost brings value.
I will take shares of KOLD and take a call or two along the way for an expiration in the fall
whenever price rises about an even $5.00 amount to be assured of the lowest price.
I will follow KOLD on a 60-90 minute chart looking for topping wicks or a price fall under
the EMA 7 as a sign that it should be on watch for a market top. Frankly, I do not expect to see it. This is because on the 2-time frame RSI indicator ( by Chris Moody) with the 4H in green
and the 1W in red, both lines are rising and in a healthy 75 +/- range. If they top out and fall, then I again think I might be seeing bullish divergence and put the trade on watch.
For those who trade VWAP bands and volume profile, the ratio has been in an obvious breakout since early November with a pullback in mid-December after the ratio rose outside the third upper VWAP band. Using the VWAP bands and the volume profile will make any fades very obvious most especially on lower time frames.
Risky Double Digit - CENTRUM 📊 Script: CENTRUM
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which indicates volume breakout.
📈 Right now RSI is around 68.
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 37.65
🟢 Target 🎯🏆 - 45
⚠️ Stoploss ☠️🚫 - 35
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Volume Breakout + Double Digit Stock - HATHWAY📊 Script: Hathway
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages crossover soon.
📈 Volume is increasing along with price which indicates volume breakout
📈 Right now RSI is around 70..
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 26
🟢 Target 🎯🏆 - 36
⚠️ Stoploss ☠️🚫 - 21
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NVDA $500 Break on VolumeNVDA has been rangebound since June 2023 and made multiple attempts to break $500. It's been accumulating in the upper half of the zone since the beginning of December, surfing the 50 EMA, and looks ready to breakout above $500 on a volume spike. Accumulation leads to expansion, and NVDA looks primed for another leg up.
hpallook at chart and each points is discrete.
yeaster sesion volume high at ever in stock
volume give boost stock at high level
and this volume absorbs that sentimental resistance of 100
but around 20% rally in yesterday's session was risky in trading
stock must sustain above eserady high
Thank you for trading this confirmation for the stock move above
no recommendation for buy and sell
MATIC - Probably Nothing...#MATIC
As noted before, the rocket fuel has now been loaded at the LPS (Last Point of Supply).
Now it's time, Number go up...
Arihant Capital Markets Ltd. Riding the 5th Wave ImpulseArihant Capital Markets Ltd: Riding the 5th Wave Impulse
Daily Time Frame:
Elliott Wave Analysis: Arihant Capital Markets appears to be in an impulse move on the daily time frame, with completion of wave 4 as a correction.
Current Stage: Unfolding wave 5, with (i) and (ii) completed and a potential unfolding of wave (iii).
Price Targets: Anticipating levels of 96 and 104 plus.
Invalidation Level: A strict invalidation set below 63. Current Price Trading near 76.
Technical Indicators:
Breakout Confirmation : Price has given a breakout on the daily time frame with significant volumes.
Indicator Alignment: Major indicators like MACD, RSI, RK's Magic, RK's Brahmastra, etc., are aligning positively, supporting the bullish bias.
Snapshots: Attached snapshots of the indicators for reference.
Elliott Wave Concept - 5th Wave Impulse:
The 5th wave in Elliott Wave theory is often an impulse wave that signifies the final leg of a trend.
Impulse waves are characterized by strong, directional price movements.
Wave (iii) within wave 5 is typically the most powerful and extends higher, often exceeding the peaks of wave (i).
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Breakout with good intensity of Volumes on Daily and Hourly time frames
RK's Magic says positive on Daily
RK's Brahmastra says Positive bias on Daily
Possible Elliott wave structure could be this
MACD on Daily is positive and Strong enough
MACD on weekly too
RSI showing good strength on Daily chart
BTCUSD (SHORT): Navigating the Rising Wedge A Strategic ShortTo tell you how much I was devastated when I posted my last idea and it did not play out.
I admit my mistakes and that's how we all grow. I am no perfect guy and I am just here to take time and look at the charts. Sometimes looking at it for too long makes everything a bit emotional. It reaches to the point where my own opinion are not being followed and had no time to update everyone. So... here it is...
In the intricate dance of supply and demand... Bitcoin currently presents a choreography that technical analysts might recognize as a rising wedge (that's the market sentiment now). This pattern typically heralds a bearish sentiment and is often seen as a precursor to a price descent. Here’s why the current formation could spell a retreat to the $31,000 region, strengthening the thesis for a potential short position:
1 The Rising Wedge Formation: Historically, the rising wedge is a bearish pattern formed by a price consolidation that results in a tightening range with a slight uptrend. This pattern indicates exhaustion in buying pressure and, upon completion, often leads to a sharp reversal to the downside.
2 Trading the Break: A classic approach suggests entering a short position after a clear and impulsive close below the lower trendline of the wedge. In our current BTCUSD scenario, this would indicate a rejection of higher prices and could validate the bearish outlook, eyeing the $34,800 level as an initial target.
3 Retest for Confirmation: A retest of the lower trendline post-breakout offers a second entry point. This method capitalizes on a smaller stop loss placement, providing a refined risk management strategy. An impulsive rejection after the retest would further confirm the bearish momentum.
4 The Upper Edge Strategy: My preferred method involves initiating a short near the upper trendline upon identification of a compelling sell signal. This offers an attractive entry point with a tight stop loss and a high potential reward, anticipating the inevitable downside breach.
Given the confluence of these strategies and the looming wedge pattern on Bitcoin’s chart, the outlook is tilted towards a bearish bias. The ideal short entry at the $34,100 level aligns with the upper trendline touch strategy, providing a compelling risk-reward scenario.
Conclusion:
Bitcoin’s dance with the rising wedge presents a compelling case for a strategic short. The confluence of the wedge's bearish implication with the outlined entry strategies fortifies our thesis of a retracement to $30,000, providing a prime opportunity for short-sellers to capitalize on the anticipated reversal.
Next Steps:
Monitor for a clear impulsive close below the lower trendline or a retest rejection. Be vigilant for sell signals near the upper trendline for an optimal short entry. Patience and precision in entry will be key to navigating the potential downturn.
Oversold RSI a sign of gold upside to come ?XAU/USD FUNDAMENTAL BACKDROP
Gold prices are trading lower for the 8th consecutive trading day as the US dollar remains bid due to some hawkish Fed commentary as well as an upside surprise on yesterday’s US JOLTs job openings statistic. Once again US labor market strength has been reiterated through jobs reports and will surely add pressure from a hawkish perspective. Throughout the week including today (see economic calendar below), markets will be looking to jobs reports beginning with ADP employment change, jobless claims and most importantly Friday’s Non-Farm Payroll (NFP) print. If the JOLTs job openings trend continues, gold prices may breakdown further.
1803 AREA IS A STRONG SUPPORT
Buy @ 1803 SL @ 1875
TP @ 1932 TP @ 1950
HOW-TO: Navigate the Market with the Darvas Box Strategy
🚀 Introduction to the Darvas Box Strategy
Nicolas Darvas, a dancer by trade, crafted a unique and potent trading strategy during his global tours, famously turning $36,000 into $2 million within an 18-month timeframe during the 1950s. His approach, detailed in his book "How I Made $2,000,000 in the Stock Market," revolves around the concept of the "Darvas Box" - a method that encapsulates price movements and leverages breakout patterns, all while keeping a keen eye on volume.
Darvas sought stocks carving all-time highs and observed their trading ranges, creating a "box" from the consolidation periods. He would buy on the breakout above the box and implement a stop-loss below it, ensuring a meticulous risk management approach.
🛠️ Harnessing the Darvas Box Strategy with Our Script
Our Darvas Box strategy script is designed to encapsulate the essence of Darvas’s strategy, providing traders with a tool to not only identify and visualize Darvas Boxes but also to backtest the strategy across various assets and timeframes on the TradingView platform.
🗝️ Key Features:
Backtesting Capability : Evaluate the Darvas Box strategy’s historical performance on your chosen asset.
Versatile Entry Filters : Customize your entry criteria, ensuring alignment with your risk tolerance and trading style.
Volume Analysis : Integrate volume filters to validate breakout movements, adhering to Darvas’s emphasis on robust volume to confirm breakouts.
Visual Aids : The script visually plots Darvas Boxes and potential entry/exit points, aiding in swift analysis and decision-making.
📊 Utilizing the Script for Informed Trading Decisions
The script is not a 'get-rich-quick' tool but a sophisticated aid to navigate through the markets using a time-tested strategy. It allows you to:
Identify and visualize Darvas Boxes on any chart.
Backtest the strategy to understand its historical performance.
Customize settings to align with your trading preferences.
Receive alerts for potential entry and exit points based on your criteria.
📘 Dive Deep with Upcoming Publications
In the subsequent publications, we'll delve deeper into the various configuration sections of the script, exploring settings, filters, and optimizations to ensure you can tailor the strategy to your unique trading approach.
🔍 Explore, Analyze, and Trade Wisely
While the Darvas Box strategy has its merits, always remember that no strategy is foolproof. Ensure to utilize it as a component of a well-rounded trading plan, incorporating sound risk management and continual learning.
📈 Try the Darvas Box Strategy on Your Chart!
Eager to explore the Darvas Box strategy on your own charts? Navigate through the markets with a strategy that has stood the test of time. Click on the following link to learn more about how to apply the script to your chart and begin your journey with the Darvas Box strategy!
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Stay tuned for the upcoming ideas where we dissect the script’s functionalities and showcase its application across various assets and market conditions!
Disclaimer : Trading involves risk and is not suitable for every investor. The information provided is for educational purposes and should not be considered financial advice. Always conduct your own research and consider your financial situation carefully before engaging in trading.
Trader's Guide: Volume Range Profile 📊Welcome, traders! In this guide, we'll explore a tool that can significantly enhance your trading skills - the Volume Range Profile. You'll learn how to use it to identify key support and resistance levels, trend reversals, and execute successful trades. 📊💹
Key Learning Points:
Understanding Volume Range Profile:
The Volume Range Profile is a tool that displays trading volumes at various price ranges.
It helps identify where the market has the highest volume and where key support and resistance levels are formed.
Volume Analysis:
The first step in using Volume Range Profile effectively is to analyze the volume data.
Look for price areas with significant spikes in volume as these often indicate areas of interest to traders.
Identifying Key Levels:
Using Volume Range Profile, you can identify the Point of Control (POC), which is the price level with the highest volume.
Additionally, you can spot the Value Area High (VAH) and Value Area Low (VAL), which represent price ranges where the majority of trading activity occurs.
Support and Resistance Levels:
The POC, VAH, and VAL can serve as dynamic support and resistance levels.
When the price approaches these levels, it's essential to watch for potential reversals or breakouts.
Trading Strategies:
Volume Range Profile can be used in various trading strategies, including range trading, breakout trading, and trend confirmation.
For example, a breakout above the VAH may indicate a bullish move, while a breakdown below the VAL could signal a bearish trend.
Risk Management:
Always implement proper risk management strategies in your trades.
Consider placing stop-loss orders below support levels and take-profit orders near resistance levels identified using the Volume Range Profile.
Continuous Learning:
Practice using the Volume Range Profile in different market conditions to enhance your skills.
Stay updated with market news and trends to adapt your trading strategies accordingly.
By incorporating Volume Range Profile analysis into your trading routine, you can gain valuable insights into market sentiment and make more informed trading decisions. Happy trading! 🚀📊
INDOCO gave clear breakout have a lookIndoco remedies gave good breakout with rsi convergence signal as double confirmation.
can reach 420 as per the rule. Below 300 can be bearish reversal.
breakout with good volumes, everything explained on chart.
like and follow for more breakout patterns and investing ideas//thank you.