? Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and important crypto indices. As usual, I will review today's future triggers for the New York session. Today's analysis will be conducted in the 4-hour timeframe, as the 1-hour timeframe does not provide the clarity of price information we need, and the 4-hour timeframe is better suited for today's analysis. ⏳ 4-Hour Timeframe As you can see, after the price broke through the $95,108 area, we witnessed a significant drop on the chart, with the first bearish leg reaching down to $87,070 and subsequent legs moving to lower areas. Currently, the price has reached the support at $78,940 and has been supported there. ? As you can observe, the volume of the price candles is very high compared to the green candles, which clearly indicates that the market's control is heavily skewed towards sellers. ✨ The RSI oscillator, after forming a Double Bottom in the oversell area and returning to the normal zone, re-entered the oversell zone yesterday, which led to another bearish leg after breaking the $83,779 trigger, which I had previously identified for you, and the price then proceeded to perform its next bearish leg. ? Currently, we have positions open from the $95,108 and $92,433 areas, and if you have been following and looking to open more positions, you would have also opened positions upon the breaks of $87,070 and $83,779. Given the sharp market downturn, you would have made a considerable profit by now. ✅ I suggest that if you have open short positions from any of the levels that were breached, to take profits and even close the position because it seems the market has completed its downturn and might start correcting or ranging. ? The range I anticipate the price might oscillate within is between $72,940 to $82,700, but keep in mind that these analyses are my personal opinion, and the price could break the $78,940 area and perform its next bearish leg at any moment. In that case, I would personally open a short position and ensure to have a short position open in case of a break below $78,940. ? Today, apart from this short trigger, I cannot give you another trigger. This short trigger is very risky, and you should open this position with the minimum risk your strategy allows. ? BTC.D Analysis As observed in the 4-hour timeframe, BTC.D is currently forming a smaller box between the areas of 60.48 to 60.91 and continues to fluctuate within this box, so no specific trend can be predicted. ? However, if the area of 60.48 breaks, we can be more hopeful for an altcoin rally, expecting that altcoins might recover some of the ground they have lost because, along with Bitcoin's ranging, Bitcoin dominance has been increasing, and altcoins have been bearish for several months. https://www.tradingview.com/x/ndqjlHLo/ ? Total2 Analysis Moving on to Total2, as you can see, Total2 was rejected from the crucial area of 1.13, which I mentioned before, and broke the 1.07 area, currently registering a floor at 1.01. This area was not historically significant, and the price has reacted alongside Bitcoin, so we need to see how Total2 moves. ⚡️ If the 1.01 breaks, you can open a short position, which I will also be doing. However, I will open this position only if Bitcoin dominance turns bullish, expecting further declines in altcoins if that happens. ? For a long position, you need to wait until the price forms a new upward structure, and if it moves sharply upwards, you can enter on a break of 1.13. https://www.tradingview.com/x/uMAarXUy/ ? USDT.D Analysis As I mentioned yesterday, there was a significant resistance area at 5.45 in USDT.D, where Tether's dominance was rejected from slightly higher at 5.50, and we are seeing a red candle which might indicate the start of a correction and the end of this bullish leg in dominance. ⭐️ The only trigger for a bullish scenario in USDT.D dominance and a market downturn is 5.50, and for a long position and a decline in Tether's dominance, there is no trigger at this moment. https://www.tradingview.com/x/rxrrBaP9/ ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Gold support on weekly IRL and we find a scalp setup from here so gold already sweeped liquidity and create a SMT with silver so buy here for scalp We are trying to sell from 2867-2872 Take more trades and setup to join us For free updates
In the price range of $1950, we are seeing the intersection of the trendline and the horizontal support level on the monthly chart. This strong support level suggests the potential end of the recent downtrend, at least in the short term. Disclaimer: "The technical analysis and opinions presented on this page are for informational and educational purposes only. They do not constitute financial advice, investment recommendations, or endorsements of any particular security or strategy. The content is based on the author's analysis and should not be relied upon as the sole basis for making financial decisions. Investing in financial markets involves significant risks, including the potential loss of capital. Past performance is not indicative of future results. Readers are encouraged to conduct their own research and consult with a licensed financial advisor before making any investment decisions."
Long Position on US30 – Targeting 43,680 1. Uptrend Confirmation - US30 is forming higher highs and higher lows, confirming a strong bullish trend. - A breakout above recent resistance levels suggests continued upside momentum. 2. Moving Averages Support - The price is trading above the 50-day and 200-day moving averages, reinforcing bullish sentiment. - A potential golden cross (50 MA crossing above 200 MA) could further support upward movement. 3. Key Support and Resistance Levels - The index has bounced off a strong support zone, indicating buyers stepping in. - A confirmed breakout above resistance suggests an upward push toward the 43,680 target. 4. Momentum & RSI Confirmation - RSI remains above 50, showing bullish strength without being overbought. - A bullish divergence in RSI and price action supports further upside. 5. Volume & Market Participation - Increasing buying volume on rallies confirms strong bullish momentum. - Weak selling volume during pullbacks indicates a lack of downside pressure. 6. Fibonacci & Technical Targets - The 43,680 target aligns with Fibonacci extension levels, making it a realistic price objective. - If momentum continues, additional upside levels may be tested beyond this zone.
The Visible Range Volume Profile (VRVP) is a powerful tool on TradingView that helps traders identify key price levels where significant trading activity has occurred. It offers a unique view of market structure by highlighting the volume traded at specific price points within the visible range of the chart. Understanding how to effectively use the VRVP can significantly improve your ability to identify important support and resistance levels, spot potential breakouts, and make better trading decisions. This comprehensive guide will take you through everything you need to know about the VRVP tool, including its features, setup, and how to use it in your trading strategy. What is the VRVP Tool? The VRVP (Visible Range Volume Profile) is a technical analysis indicator that shows the distribution of trading volume at different price levels within the visible range of your chart. Unlike traditional volume indicators, which show volume over time, the VRVP focuses on volume by price, allowing you to see where buyers and sellers have been most active. It is displayed as a horizontal histogram along the side of the price chart, with high-volume areas indicating key support or resistance levels and low-volume areas often signaling potential breakout points. Why is the VRVP Tool Important? The VRVP tool provides several benefits to traders, regardless of their experience level: Identify Key Support and Resistance Levels: High volume nodes (HVNs) often act as strong support or resistance zones where price tends to stall or reverse. Spot High and Low Liquidity Areas: Low volume nodes (LVNs) can highlight areas where price may move more quickly due to the lack of market participants. Predict Breakouts and Reversals: By identifying volume concentration, you can anticipate areas where price may break out or reverse. Confirm Trends: By analyzing the Point of Control (POC), you can determine the market’s prevailing trend. Refine Entry and Exit Points: By combining the VRVP with other tools, you can pinpoint optimal entry and exit points for trades. How to Add the VRVP Tool on TradingView To start using the VRVP tool on TradingView, follow these steps: Open your TradingView chart. Click on the “Indicators” button at the top of the screen. Search for "VRVP" or "Visible Range Volume Profile" in the search bar. Click to apply it to your chart. Adjust the settings by clicking on the gear icon next to the indicator name. Recommended Settings: Row Size: Set between 150-250 for more detail (more rows provide more granularity). Volume Area (%): Set to 70% to highlight where most trading activity has occurred. Color Up/Down: Choose contrasting colors for buying and selling, making it easy to distinguish between bullish and bearish zones. Point of Control (POC): Enable this to highlight the price level with the highest volume. How to Read the VRVP Tool The VRVP tool consists of three key components: High Volume Nodes (HVN): These are price levels where a lot of trading activity has occurred. They often act as strong support or resistance, and the price may bounce off these levels multiple times. Low Volume Nodes (LVN): These are areas with little trading activity. Prices tend to move quickly through these zones as there are fewer market participants. They often indicate potential breakout or breakdown points. VAL and VAH VAH (Value Area High) Definition: The VAH is the price level at the upper boundary of the Value Area. The Value Area represents the range where a set percentage (usually 70%) of all trading volume has occurred within the visible range. Significance: The VAH is the price point at which the volume profile starts to show less concentration of volume. It is a level above which price has shown less activity compared to the Value Area. When price approaches or breaks through the VAH, it often signals potential resistance and could be a critical level to watch for a reversal or continuation. VAL (Value Area Low) Definition: The VAL is the price level at the lower boundary of the Value Area. It represents the lowest price point where around 70% of all the trading volume has occurred within the visible chart range. Significance: The VAL is a key support level, as it marks the price level where most trading volume has taken place on the downside. A price approaching or breaking below the VAL can signal potential support or a breakdown, indicating where buyers and sellers are actively engaging. How VAH and VAL Work Together Value Area: Together, the VAH and VAL define the Value Area, which contains the range of price levels where the majority of trading volume took place. In a healthy market, the price tends to stay within this area. If price breaks out of the Value Area, it could indicate the start of a strong price move in that direction (either upward or downward). Relevance in Trading: The VAH and VAL act as key levels for traders to monitor: Above VAH: Price moving above the VAH suggests bullish sentiment, with the next resistance potentially forming above the VAH. Below VAL: Price moving below the VAL suggests bearish sentiment, with the next support potentially forming below the VAL. Example of the VAL and VAH: https://www.tradingview.com/x/6iacS7XL/ Point of Control (POC): This is the price level with the highest trading volume within the visible range. The POC is often used as a key reference point for future price movements. If the price is trading above the POC, it suggests bullish market sentiment; if below, it suggests bearish sentiment. Example of the POC level: https://www.tradingview.com/x/yPMpU4E8/ How to Use the VRVP Tool in Trading Identifying Support and Resistance Levels High Volume Nodes (HVNs): These levels often act as support or resistance. When price approaches an HVN, it is likely to either reverse or consolidate before moving further. If the price is above an HVN, that level may act as support, while if it's below, the level may act as resistance. Spotting Breakout Zones Low Volume Nodes (LVNs): These are areas where price can break out or move rapidly due to the lack of significant trading activity. If price enters an LVN, it may continue moving in the direction of the breakout with minimal resistance. Using the Point of Control (POC) The POC acts as a market balance point where the most volume has been traded. If the price is trading above the POC, it signals a bullish market trend, and if below, it signals a bearish trend. Watching the POC can help you gauge the overall market sentiment and potential future price movements. here is another example of the POC https://www.tradingview.com/x/eymna0YT/ Confirmation with Other Indicators To increase the accuracy of your trades, combine the VRVP with other technical indicators such as: Moving Averages (MA): These help confirm the trend direction and potential reversals. Relative Strength Index (RSI): This can identify overbought or oversold conditions, which can be used in conjunction with the VRVP to confirm price action. Candlestick Patterns: Look for reversal or continuation patterns at key volume levels. Trendlines: Use trendlines to confirm whether price is bouncing off or breaking through key support or resistance levels. Example Strategy Step 1: Use the VRVP tool to identify a high volume node (support zone). Step 2: Check the RSI to see if the market is oversold. Step 3: Wait for a bullish candlestick pattern (such as a bullish engulfing or hammer). Step 4: Enter a buy trade with a stop loss placed below the low volume node, which serves as a breakout or breakdown zone. How to Plan Trades with the VRVP Here are some scenarios you might encounter when using the VRVP tool: Price near HVN (Support): Buy with a stop loss placed just below the HVN, as it is likely to act as support. Price near LVN: Wait for confirmation of a breakout or rejection before taking a position, as price may move rapidly through this area. Price at POC: Look for reversal or breakout signals. If the price is near the POC, the market may change direction or continue in the current trend. Price above POC: This indicates a bullish trend continuation. Look for buying opportunities. Price below POC: This indicates a bearish trend continuation. Look for selling opportunities. Tips for Beginners Wait for Confirmation: Always wait for confirmation from price action, other indicators, or candlestick patterns before entering a trade. Combine with Trend Indicators: Combine the VRVP with trend indicators such as moving averages to ensure you’re trading in the direction of the overall trend. Use Volume Spikes: Look for volume spikes alongside the VRVP to confirm breakouts. Practice First: Start using the VRVP tool on a demo account before risking real money to get a feel for its nuances. Tips for Experienced Traders Use Multiple Timeframes: Use the VRVP tool on both longer (daily) and shorter (hourly) timeframes to identify the strongest support and resistance levels. Track the POC Shifts: Observe how the POC moves over time. An upward shift suggests a bullish market, while a downward shift suggests a bearish market. Combine with Fibonacci Retracements: Combine the VRVP with Fibonacci retracement levels to identify confluence zones, where high volume areas coincide with Fibonacci levels, increasing the likelihood of price reactions at these levels. Conclusion The VRVP tool on TradingView is a versatile and powerful tool that offers valuable insights into market structure by analyzing trading volume at different price levels. By understanding how to read and use the VRVP tool, you can identify key support and resistance levels, predict potential breakouts, and refine your entry and exit strategies. Whether you’re a beginner or an experienced trader, the VRVP can be a valuable addition to your trading toolkit. Start practicing on a demo account and gradually incorporate the VRVP tool into your strategy. With time and experience, the VRVP will help you gain a deeper understanding of market dynamics and improve your overall trading performance. ------------------- I hope you found this guide on the VRVP tool helpful and that you’ve gained some valuable insights to improve your trading strategy. If you learned something new, don’t forget to give a like! If you have any questions or need further clarification, feel free to leave a comment below. I’d be happy to help!
Have you found yourself hastily clicking the “Buy” or “Sell” button only to be engulfed by regret almost immediately afterward? If so, you're in good company ?. Impulsive trading is a widespread issue that affects traders of all experience levels, often leading to significant financial losses. Studies reveal that a considerable portion of traders battle with impulsive decision-making, which can drastically influence their overall financial health. Impulsive trading typically arises from emotions rather than careful market analysis or strategic planning. Factors such as the fear of missing out (FOMO), frustration after a loss, or the temptation of quick profits often cloud judgment, resulting in decisions that deviate from disciplined trading practices. This behavior is especially pronounced during volatile market conditions, where emotions can run high. Acknowledging the signs of impulsive trading is essential for fostering discipline and achieving sustained trading success. Understanding the Risks of Impulsive Trading The implications of impulsive trading reach far beyond individual poor trades. Each impulsive action can generate a cascade of errors, diverting traders from their predefined strategies. Engaging in impulsive trading often leads to overtrading, where traders make numerous trades in quick succession while hoping for fast returns, ultimately resulting in mounting losses. This not only increases exposure to market volatility but also raises transaction costs, systematically eroding any potential gains. Another major risk associated with impulsive trading is flawed decision-making. Actions born out of emotional responses lack the rational foundation necessary for sound trading, pushing traders towards choices that diverge from their overall objectives. For instance, abandoning a Stop Loss order or ramping up position sizes following a loss can lead to dramatic financial damage. Moreover, the psychological impact of impulsive trading can result in burnout, heightened stress, and diminished confidence, all of which threaten a trader's long-term viability. Recognizing and understanding these risks highlights the need for self-regulation and a disciplined approach—critical elements for successful trading. Psychological Triggers Behind Impulsive Trading The tendency to trade impulsively often stems from various psychological factors that can be difficult to manage. One of the main culprits is the fear of missing out (FOMO); in fast-paced markets, traders may feel an urgent need to enter positions quickly to seize potential profits. This urgency can lead to ill-timed trades, making them more vulnerable to reversals. Greed is another significant factor that plays a role in impulsive trading. The relentless pursuit of maximizing profits can quickly overshadow a trader’s original plan. As a result, they may prolong a successful trade or increase leverage in hopes of capturing even greater returns, leading to heightened risks. Loss aversion, the instinct to avoid losing money, also contributes to impulsivity. When faced with setbacks, traders might engage in “revenge trading,” making rash decisions in an attempt to recover losses—often dismissing their foundational analytical methods. External factors like social media and market news also amplify these emotional triggers. The overload of information—from Twitter updates to various trading forums—can create a sense of urgency and spur impulsive behavior, even among experienced traders. By acknowledging these psychological influences, traders can cultivate a more deliberate and strategic approach to their decision-making processes. Read also: https://www.tradingview.com/chart/XAUUSD/TxDNrAuT-Is-Overtrading-Ruining-Your-Profits-Find-Out-Now/ Identifying Impulsive Trading Behavior Recognizing the signs of impulsive trading is crucial for anyone looking to regain control and establish a more strategic trading method. Indicators of such behavior include: - Ignoring Your Trading Plan: Frequently deviating from established entry and exit criteria in favor of fleeting emotions can indicate a pattern of impulsivity. - Constantly Monitoring Trades: Habitually checking price movements or refreshing trading platforms often suggests an emotional attachment to positions, prompting unnecessary reactions to minor fluctuations. - Execution of Unplanned Trades: Making trades without forethought, especially after emotional highs from winning trades or lows from losses, disrupts a carefully crafted trading plan and exposes one to greater risks. - Neglecting Risk Management Practices: Exceeding leverage limits or disabling Stop Loss orders indicates a tendency to focus on immediate gains rather than sustainable trading strategies. By becoming aware of these behaviors and taking deliberate steps to reflect on each trade's alignment with the overarching strategy, traders can minimize impulsivity and foster a disciplined mindset grounded in rationality. Read Also: https://www.tradingview.com/chart/XAUUSD/FlrxODOC-Trader-s-Checklist-for-Successful-Trading/ Strategies for Overcoming Impulsive Trading Successfully overcoming impulsive trading requires a blend of discipline, self-awareness, and effective strategies. Here are some actionable steps: 1. Set Clear Entry and Exit Criteria: Define explicit guidelines for entering and exiting trades, based on predetermined market conditions or technical indicators. Adhering to these rules minimizes the likelihood of impulsive actions. 2. Employ Stop Loss Orders: Utilize Stop Loss orders to automatically close trades when certain price levels are met. This helps protect against significant losses and allows traders to step back from their positions. 3. Maintain a Trading Journal: Keeping a detailed record of every trade—including motivations, emotions experienced, and outcomes—encourages self-reflection and helps to identify recurring patterns in behavior. 4. Practice Self-Discipline: Establish realistic trading goals and commit to your trading plan. Taking a pause before executing trades can help you refocus on your long-term objectives, minimizing the urge to act impulsively. 5. Restrict Trading Frequency: Set limits on the number of trades you make each day or week to ensure that you only engage in high-quality opportunities, rather than reacting to every market fluctuation. By adopting these strategies, traders can cultivate the discipline necessary to move away from impulsive decision-making, emphasizing logical and goal-oriented actions instead. Cultivating a Rational Trading Mindset Developing a rational mindset is essential for long-term trading success and evading the pitfalls of emotional decision-making. Consider implementing the following techniques: - Mindfulness and Relaxation Practices: Engage in mindfulness exercises to enhance awareness of your thoughts and feelings. Awareness allows you to recognize when emotions may be influencing trading decisions. Even short moments of focused breathing can provide clarity. - Take Breaks Regularly: Long trading sessions can lead to fatigue and impaired judgment. By stepping away from your work periodically, you can recharge and return to your trading activities with fresh insight. - Avoid Trading During Emotionally Charged Situations: If you find yourself facing personal stress or strong emotions, it may be wise to refrain from trading until you regain an even temperament. - Focus on Long-Term Objectives: Prioritize sustained success over immediate rewards. Remind yourself that while impulsive decisions might provide short-term satisfaction, they often result in long-term setbacks. Building a rational trading mindset requires patience and dedicated effort, but it is instrumental in improving trading performance. By incorporating these habits into your routine, you can enhance emotional control and make decisions that reflect logic rather than impulse. I suggest to read also..: https://www.tradingview.com/chart/EURUSD/mJW0pqTE-The-Importance-of-a-Growth-Mindset-in-Trading/ https://www.tradingview.com/chart/EURUSD/vdI5bh4q-FOMO-The-Trader-s-Silent-Enemy-and-How-to-Defeat-It/ https://www.tradingview.com/chart/SPX/IsFtwYQ8-Long-Term-Investment-Building-Wealth-for-the-Future/ The Critical Role of a Trading Plan An effective trading plan is a cornerstone for preventing impulsive decisions that can undermine a trader's performance. The emotional responses associated with impulsive trading—such as fear and greed—can derail even the best-laid strategies. A comprehensive trading plan serves as a guiding framework, providing clarity and structured guidelines to help traders manage emotional impulses. By defining specific goals, a trading plan equips traders with a clear sense of direction, reducing the temptation to chase fleeting opportunities or react to market noise. Furthermore, by integrating principles of risk management into your trading strategy, you ensure that engagement with risks aligns with your personal threshold, thereby minimizing unnecessary exposure. Establishing entry and exit guidelines allows traders to base their decisions on objective criteria, independent of emotion-driven impulses. Read also: https://www.tradingview.com/chart/GBPUSD/aq9Q9adz-The-Power-of-a-Trading-Journal-Key-to-Consistent-Success/ Enhancing Trading Discipline with Tools and Techniques Employing specific tools and strategies can support a disciplined trading approach and reduce impulsive behavior. Trading software with alert functions can help by notifying traders when predefined conditions for trades are met, ensuring decisions are based on strategic analysis rather than reactive impulses. Regularly reviewing trading performance is equally vital. This practice allows traders to analyze trades, recognize behavior patterns, fine-tune their strategies, and verify their alignment with their trading plan. Drawing insights from these reviews fosters adherence to disciplined trading and helps traders remain focused and make informed decisions. Read also: https://www.tradingview.com/chart/XAUUSD/90ugPKrd-Investing-vs-Speculating-Understanding-the-Key-Differences/ In conclusion.. Achieving lasting success in trading depends on rational thought processes and emotional management. A well-developed trading plan, complemented by the right tools and techniques, empowers traders to avoid impulsivity and concentrate on their goals. Although the temptation for quick gains can be powerful, maintaining a disciplined approach is essential for sustainable success. Remember, trading is a journey rather than a sprint. By remaining consistent and methodical, traders can navigate risks effectively, ultimately crafting a strategy that yields long-term results. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Manta usdt looks like just start of wyckoff accumulation pattern.here it looks like Selling climax .we may see some short term bounce from this zone before forming another low .sc is followed by automatic rally then secondry test and upthrust followed by froming another low. This just looks the start of accumulation pattern which suggests may we we will range another month or a two here before accunulation completes .
Nasdaq is ranging between 22000 and 20500, and price action is currently bouncing off the 20500 support. As long as price action is above the 20500 barrier, price action may try to reignite a bullish rise towards the established highs. Failure to continue up and settling under 20500, the indice may now be in a bigger bearish phase. However, if the price action manages to stabilise above the 21300, the indice will probably aim the 22000 barrier.
OANDA:XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement. Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the stronger U.S. dollar, influenced by Trump's tariff policies and U.S. economic conditions. Trump confirmed that tariffs on Canada and Mexico will take effect as scheduled on March 4 and also threatened to impose a 25% tariff on European Union imports, along with an additional 10% on Chinese goods. Additionally, weak U.S. GDP data (2.3% in Q4) and rising jobless claims have further supported the dollar. Traders are now awaiting the U.S. PCE Price Index to assess the Fed's interest rate outlook and its impact on gold. A false breakdown at 2852 could trigger a retracement toward the 0.618 Fibonacci imbalance zone at 2877 or the 0.5 level at 2885 before resuming the decline. Given both weak fundamental and technical conditions, gold may attempt to retest its recent lows. Best regards, Bentradegold!
Simple fractal from last year summer doldrums on the the BTC chart. Once we corrected to the 200 SMA (current spot) , a 2 month bottom consolidation followed and after 2 months, BTC reached all time high. That is my thesis going forward and it bodes well with the US new administration typical down turn within the first 100 days of taking office. Fed still tightening, rates still high, etc Congruent also with a shift to an increase in global liquidity and lower rates incoming towards the summer, as the US economy is now showing obvious signs of weakness. My 2 cents.