BYBIT:SOLUSDT Solana has been volatile over the last few days and has been good for long and short trades. See the video for my analysis of what to look out for and the levels to trade Not Financial advice. DYOR. Papertrade before using real money
Paypal is down 65% from its ATH last July. It's now flirting with a supply zone that stretches back to 2017. While I'm seeing Bullish Divergence here, I'm also seeing a downward sloping trendline that makes me think we might see one more sharp move down (into the supply zone) before establishing a bottom. If you're a long-term investor, this could be a great...
DraftKings finds itself at the all time .886 retracement at the moment. The daily RSI keeps showing some kind of bullish divergence. One could accumulate some positions in DraftKings here for the long term play. Set your 2030 Me up for some nice gains ;)
This chart is a continued review of previous weeks Value Area Highs and Lows. What we can see is that past Weekly Value Area Highs and Lows have played as strong support and resistance. The blue boxes are new areas where price action has reacted to the areas since the previous review.
Running through a value buy scenario on ROSE if macro sets up for further correction. Spot accumulation setup, no leverage. Shoutout to @thecryptosniper for HVF theory, elements of which are used in my analysis (grindline theory, legacy HVF levels as KLoS). Note this is not *pure* HVF theory (as current ROSEUSDT pattern is not compliant) which would give us...
It seems to me we are leaving an important value area and we are going to test the demand zone located at 11.00-10.00 Sellers also showed strength with the last high volume candle which was followed by lower lows
$SPCE made a 90% retrace of it's last run. Nice bullish divergence on the daily. Something to watch though is the small gap at $ 17.30 Maybe wait for a confirmation daily close above the daily EMA 20 to enter. If the gap somehow gets closed before we run, its a STRONG buy imo.
If $TLRY can break and hold above $ 12.50, it looks ready for higher prices.
Today we have two different long scenarios. The first one being the bigger (From ATH to Low in June) .618 fibonacci retracement being accepted as support, this in combination with the previous week Value Area High and the .382 of the current move. The second setup would be from the previous day value area high in combination with the .618 retracement of the...
The following VAs listed in the chart (left to right): 1. VA of current calendar year 2. VA of Wyckoff Distribution Top 3. VA of potential accumulation zone 4. VA of current and potential distribution zone BTC is following a similar (granted smaller and faster) top pattern to the 2020 bull run and subsequent Wyckoff Distribution between 42K and 60K. Buyers...
We had a clean but low volume breakout last night (such is a Friday night breakout session). This followed weeks of re-accumulation by industry that left us ranging between 10% down to 5% in an ascending triangle. On breakout, BTC peaked just under the ATH around 61.2k before entering a falling wedge. It appears primed to retest some key support levels but if...
> Very strong momentum higher >> Past two weeks have had 9/10 green days > Previous weekly value area: 57.75 - 58.75 w/ POC at 58.33 > Friday built a HVN above the weekly value area between 59.30 - 59.82. >> buying the lower end of this area early in the week could offer good r:r if the market doesn't get any real pullback. > If we do get a pullback, it will be...
Volume Profile shows us that EOS is 7% lower than its value area, which means it has a big potential to reach its POC soon. (This is only my personal opinion. Use your own analysis to trade).
Volume Profile is showing us that ADA is trying to make a new value area. To be sure, if it will make a new ADA must not break 0.24. If ADA breaks that price, it may go down to its old value area. If it bounces back, that means it made a new value area, and it is going to higher prices. 0.24 is where we are going to know the answer to our question! (This is my...