jazziej

The recent pullback in HBAR is enough to shake the average person, don't let them shake you out!! In perspective to the most recent moves, the trend as it stands still remains bullish. The following levels on the chart will give you an idea of how much lower HBAR can potentially go and could be an opportunity for those who had FOMO during the first pump. See my previous idea on why I am still bullish on HBAR.

HBARUSD is displaying all text book bullish definitions!! Volume spike on run up and volume reducing as it forms the bullish flag. RSI and ATR has cooled down and less volatile. Forming a pressure point which could explode to the upside if it remains bullish which is the likelihood.Even despite the current alt coin downturn, HBAR has held up and has not retraced back to the lower support levels. It looks like it is trying to break through again. To be successful it must break through the big volume profile nodes (circled) which will be points of resistance. Keep an eye out for how price action will react at these levels.

BTC support levels After consolidating since Mar-23, price action has now started to move down. This means the bears have been able to push the price down. Using volume profile analysis, we can judge potentially the significant levels where support and price can bounce from. The first support area is around the 22613 - 23500 level where there is a high volume profile node. This is a level where a lot people were trading. Failing this level, the next support is around the 20000 level.

As everyone is well aware the NASDAQ has continued its bearish trend and BTC along with it.As per previous post, price has quickly travelled passed the low volume profile region and is now relying on a small high vol profile node for support.My opinion with everything that is happening in the macro wold, this support will not hold as it is already not very strong to begin with. Next support level is around the 20K level, which you can see from the vol profile nodes, is only a little bit better the current level.Failing this BTC can really hit back to previous strong vol profile support around the 112K mark.I for one am looking very closely at these levels and will be looking for entry around or below the 20K price level.This is a good opportunity for those who have missed out to get in an incredible price point, as long as you believe in the long story for BTC.

BTCUSDLooking at the price action of BTCUSD from the most recent bull run (late 2020's) to where it sits now using volume profile.Volume profile gives you a peek into where the big guys are buying or selling which is very useful when considering your trading position.I have identified the 3 levels of interest worth keeping in mind - labelled High Node area 1-3.Currently as of writing, price action is hovering around the high node area 1 (about 38500). This is a key level and if price drops below this level, the fight for control really heats up (see my note on the red box on the chart).You can see why the 30000 level is such a key level, failing support at this level could see the price drop very quickly due to the lower volumes traded below this level. It could quickly drop to 23500 - failing this, down to 19000.If the price rallies upward from the current level (38500), potential resistance levels are present around node 2 and 3 where a high volume of trades are occurring. I'm bullish on BTC in the long term and see any weakness as an entry to build up my position below the 30k level - having come very late to the party!

GOLDWaiting for bounce off the POC node and continue to climb higher.Learning - use the Daily in consideration to see where the main volume nodes are. Wide range between 1814 and 1776 near the POC indicate where bulls are building their positions. Expect this range to be defended.