BTC is distributing - Drop Back to 10k Looks PossibleThe sideways market after the large price drop early this week contains a lot hidden selling in the form of climactic up bars followed by price retraces
VSA
Short-Term Dip in BTC Looks LikelyThe inability of BTC to break and stay above 11k and the possible breakout to the downside today from the previous range make the probability of a drop to the 10700-10600 range more likely
Key Resistance Morphs into Support - BTC11150 resistance level has been broken by a strong absorption move up in BTC this morning which changes that level to support for the eventual move upward
The next key resistance levels are 11255 and 11430
Retrace to 10800 likely in the Short Term in BTCThe GreyPool VSA Trading Assistant indicator is showing an upthrust in the current 1hr bar after a few up bars with lower volume and a no demand bar as the previous bar
The overall trend is strongly up but there will likely be a pullback here to at least 10800 before the daily close and the possibility of a rally afterwards
<TradeVSA> Pullback Trade in Inari & Inari-C66Strength Signal in the chart:
1. Spring as support
2. Hourly chart turn to green pentagon
3. Low volume on narrow spread bar
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BTC Price Increase to 11150 and Beyond is ImminentThere is no resistance for the next 250 pips or so and after a retrace at around 11150 the path upward is clear
Great Buy Opportunity in LINKUSDTGreat Buy opportunity in LINKUSDT, it has not caught up to the price increase in BTC yet, tarageting 12.8 at least
Once More Into the Fray BTC - Down AgainAlthough we are in an accumulation phase, shown clearly on the hourly chart of BTC, the fact that price sliced through the top of what was previous resistance shows that it wants to go lower for another leg within the accumulation phase
Ideally, 10380 - 10400 would have have been support for an eventual further move up
A drop back to 10200 is imminent
AXIATA - Path of least resistance is upHi, I think AXIATA has completed its accumulation period and will be going up soon
Line A is a major support line, and price had been in a downtrend until it reached this level
Bar 1 (Aug 28) & 2 (Sep 1) were down bars with ultra high volume, indicating that Smart Moneys had stepped in to buy this stock.
Bar 3 (Sep 2) was a small spread bar but the volume again was ultra high.This indicate that Smart Money was taking (buying) all the stock offered at this level, and not allowing price to go lower.
Bar 4 (Sep 4 ) was a No Supply bar : its a down bar (the close was lower than the close of previous bar) with volume lesser than previous 2 bars
Bar 5 ( Sep 8) was the "change of behaviour" action : it was a wide spread upbar breaking above the down trendline B. It also was the biggest up bar since mid May 2020.
Bar 6 (Sep 11) was again a down bar with volume less than 2 previous bars, therefore a potential no Supply bar.
With all of these Sign Of Strengths, , I'm looking forward for price to rally at least until the recent major high at 4.00.
Trade at your own risk. any comments are welcomed.
TSLA - BUYHey Traders,
Would you like to buy TSLA ?
Yes, but be patient and wait for today's daily candle to close which will give us some extra confirmations on lower time frames as well.
It seems like bulls are not letting bears take over and we will see continuation of the bullish trend.
Put your SL under the demand zone and take your positions according to your trading style.
Maximum risk on this trade should not exceed 1% of your equity.
Note: I have tried to make the charts simple as possible so everyone can understand.
Enjoy Trading!
<TradeVSA> SKPRES & SKPRES-CY ...Breakout from Pocket Pivot?Strength in the chart:
1. Green pentagon
2. High volume Line Change
3. Pulling back to support
4. Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BTC Retrace - Major Weakness At 12000 *** Please click the LIKE button above if our signals are useful, thank you***
As expected, since the yesterday's daily close was below the top reversal from the 18th BTC reacted to that major resistance level and retraced
If the current 4hr bar (4am ET) closes below 11690 a rapid down-move to at least 11500 is inevitable . It is also important to note that the volume of the current 4hr bar, which just sliced through the 11690 support is doing so on below average volume meaning there is very little resistance to the downside
Price settling at 11300 then a sideways market is likely
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<TradeVSA> Malakoff & Malakoff-C34...Pocket Pivot Setup!Strength in the chart:'
1. Pocket Pivot
2. Green Pentagon'
3. Pullback Completed
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
History Repeats Itself Once Again - BTC Accumulation PhaseThis area on the daily of BTC is very similar to the area we're in now
There is a large spread down bar closing off it's lows first (Climactic Action) then price rebounds up and creates a top reversal
It's the combination of the top reversal after the climatic down bar that is telling - indicating Smart Money is accumulating but not ready to send it up yet
It will attempt to retake 11900, get rejected, then we're looking at a prolonged accumulation phase and sideways market again
* Please click the LIKE button above if our signals are useful, thank you*
<TradeVSA> Gold and Gold Counters...Re-accumulation is done?Strength in the chart:
1. Pullback Pattern
2. Spring with NS signal
3. Green pentagon in hourly chart
Chart and Counters:
1. Gold Futures
2. Mui Properties
3. Nice
4. Poh Kong
5. Tomei
6. Orion
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Stock Review & Update - 31 August 2020AirAsia
CIMB
Dayang
Ecoworld
Ekovest
Johotin
Maybank
MBSB
MRCB
Perdana
Sapura energy
SYF
Yong tai
YTL
YTL Power
Tekseng
PCCS
Elsoft
VSolar
Connect
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Is the Pullback Setup Ready for Inari and Inari-C66 ?Strength signal in the chart:
1. Confirmation on Spring
2. Green Pentagon in weekly chart
3. No major weakness in hourly chart
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
TOPGLOVE - can it still go higher?Hi,
I'm looking for a short term rally on this counter, based on this VSA formation
Bar 1 - Ultra high volume down bar, indicating there were smart money buying and supporting the price at this level
Bar 2 - retest of the area of bar 1, now with lover volume
Price moves above the high of bar 1, and we saw at bar 3 price re-test the area of bar 1 (where there were a lot of buying before) with lower volumes (No SUPPLY)
I'm looking for a short term rally to the recent major high
Trade at your own risk, this is not a buy call.
<TradeVSA> Paypal, APPL Completed Pullback. MSFT follow SoonStrength signal in the chart:
1. Pullback with Spring
2. Confirmation with green pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> No Supply Signal with Pullback in ICONICStrength Signal in the chart:
1. Green pentagon high volume
2. No Supply signal
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
