*MASSIVE ECOMI UPDATE* | I'M BUYING | HUGE PROFITS!
Summary
TLDRIn this episode of John's crypto therapy, the focus is on identifying a potential market bottom using technical analysis. The video discusses an expanding channel with a descending wedge, signaling a possible bullish reversal. Low volume and exhaustion prints suggest a lack of selling pressure, hinting at a manipulation by big players to accumulate at lower prices. The presenter shares his entry point and anticipates a price increase, using tools like volume profile and VWAP to pinpoint take-profit levels. The analysis emphasizes the importance of recognizing market manipulation and acting on it to secure profits.
Takeaways
- 📈 The video discusses an analysis of a cryptocurrency's price movement within an expanding channel and a descending wedge, indicating a potential upward breakout.
- 📉 The presenter notes a decrease in volume, suggesting a lack of interest in pushing the price down, which is a sign of market exhaustion.
- 💡 The script mentions 'exhaustion prints', which are low volume periods that may indicate a potential reversal in the market trend.
- 🤑 The video suggests that large market participants may be manipulating the price to buy back at a lower cost, which is a common strategy in trading.
- 🛒 The presenter has already entered a trade based on the analysis and expects the price to rise, with the intention of taking profits at a specific level.
- 📊 The importance of the Volume Profile is emphasized, as it shows where the majority of transactions have occurred, which is crucial for identifying key support and resistance levels.
- 🔢 The presenter uses the VWAP (Volume Weighted Average Price) as a tool to identify potential areas where the price may find support or resistance.
- 📌 A key level for taking profits is identified around 0.499 Nish, based on the volume profile and the presenter's analysis.
- 📉 The script explains that the price is failing to break below a certain structure, which is a bullish sign, especially with low volume.
- 🚀 The presenter is optimistic about the future of the OMI token, believing it has great potential and is a good opportunity to accumulate more at lower prices.
- 📝 The video concludes with advice to analyze the market for signs of manipulation, such as a mismatch between volume and price movement, and to look for opportunities to buy during periods of exhaustion.
Q & A
What is the main focus of John's crypto therapy session in the provided script?
-The main focus is to analyze a specific cryptocurrency price movement using technical analysis tools such as the expanding channel and descending wedge, and to identify potential buying opportunities based on signs of market exhaustion.
What is an 'expanding channel' in the context of the script?
-An expanding channel is a technical analysis pattern that indicates a price is moving within a widening range, suggesting increased volatility and potential for a significant price move in either direction.
What does John mean by 'descending wedge' and why is it significant?
-A descending wedge is a bearish chart pattern that forms during a downtrend, characterized by lower highs and lower lows. It is significant because it can indicate a reversal pattern, suggesting that the price may break upwards after the wedge completes.
How does John interpret the decreasing volume in the context of the price movement?
-John interprets the decreasing volume as a sign of market exhaustion, suggesting that sellers are losing interest in pushing the price down further, which could be a precursor to a price reversal.
What is the significance of the 'exhaustion prints' mentioned by John?
-Exhaustion prints refer to price patterns that indicate the market is running out of sellers, which can be a bullish signal, especially when accompanied by decreasing volume.
What does John mean by 'manipulation move' in the context of the script?
-A manipulation move refers to a situation where large market participants, often referred to as 'big hands' or 'big money', intentionally push the price down to induce panic selling, allowing them to buy back at lower prices.
What is the role of the Volume Profile in John's analysis?
-The Volume Profile is used by John to identify key levels where the majority of transactions have occurred, which can indicate potential support or resistance levels and areas for taking profits.
What is the significance of the 'value low' and 'value high' mentioned by John?
-The 'value low' and 'value high' refer to the price range within which the market is trading, indicating where the price is likely to find support or resistance and return to that range.
Why does John believe that the current market conditions are suitable for buying the dip?
-John believes the current market conditions are suitable for buying the dip due to the presence of an expanding channel, a descending wedge, low volume, and signs of market exhaustion, which together suggest a potential price reversal.
What is the role of the VWAP (Volume Weighted Average Price) in John's analysis?
-The VWAP is used by John as a key instrument to identify the average price at which trades are occurring over a certain period. It helps him determine potential entry and exit points for trades.
What is the 'PLC' mentioned by John, and how does it relate to the trading strategy?
-The 'PLC' likely refers to a 'Pinnacle Level Completion', which is a term used to describe a price reaching a significant level where a major move is expected. In John's strategy, this is a point where he anticipates a strong move and plans to exit positions.
Why does John emphasize the importance of the Delta in his analysis?
-The Delta is emphasized by John because it represents the difference between the bid and ask prices and can indicate market sentiment. A mismatch between the Delta and the price movement can suggest market manipulation or an upcoming price reversal.
What is the 'Omi' token that John refers to in the script, and what is his opinion about it?
-The 'Omi' token is a cryptocurrency that John discusses in the script. He has a positive opinion about it, believing it has a strong protocol and potential for reaching new levels, and he encourages buying more Omi at the current low prices.
What is the key takeaway from John's advice on trading in the script?
-The key takeaway is to look for signs of market exhaustion, such as low volume and price failing to break below support levels, as potential buying opportunities. Additionally, understanding the importance of volume and price action in identifying market manipulation is crucial for successful trading.
Outlines
📈 Crypto Price Analysis and Trading Strategy
This paragraph discusses a detailed crypto trading analysis focusing on an expanding channel and a descending wedge pattern indicating a potential bullish reversal. The speaker identifies signs of market exhaustion with decreasing volume, suggesting a lack of interest in pushing the price down. It's implied that large market players may be manipulating the price to induce panic selling, allowing them to accumulate at lower prices. The speaker has already signaled a trade entry at the bottom of the market and expects an upward price movement. Key technical indicators such as the volume profile and value areas are highlighted as crucial for identifying pivotal support and resistance levels. The speaker also mentions using the VWAP (Volume Weighted Average Price) as a tool for identifying potential entry and exit points, with a specific target for taking profits. The analysis concludes with a reminder that the speaker previously predicted a price drop, which occurred, and emphasizes the importance of recognizing market manipulation and exhaustion for successful trading.
🚀 Market Manipulation and Trading Insights
In the second paragraph, the speaker provides further insights into market manipulation and the importance of volume analysis in trading. They point out the absence of volume at the bottom of the market structure, which suggests a lack of selling pressure and potential for a price reversal. The speaker emphasizes the significance of recognizing when the price movement does not match the volume (Delta), indicating possible market manipulation. They offer a key tip on using the volume profile to identify areas with no volume, which can signal a potential turning point in the market. The speaker also encourages viewers to apply these analytical techniques to their own trading to improve their understanding and success. The paragraph concludes with a call to action for viewers to like, share, and subscribe for more content, and a sign-off from the speaker, John, who invites viewers to continue following the 'Omi rocket' journey.
Mindmap
Keywords
💡Expanding Channel
💡Descending Wedge
💡Capability
💡Exhaustion Prints
💡Volume Profile
💡Pinnacle Move
💡Value Low and Value High
💡Fibonacci
💡VWAP (Volume Weighted Average Price)
💡Manipulation
💡Delta
Highlights
Introduction to John's crypto therapy and the analysis of an expanding channel within it.
Identification of a descending wedge indicating potential for an upside break.
Observation of capability with decreasing volume as a sign of market exhaustion.
Discussion on market manipulation by big money to acquire assets at lower prices.
Entry into a trade at the bottom of the market based on the given analysis.
Use of Volume Profile to understand where the majority of transactions have occurred.
Importance of volume in trading as the most crucial indicator of market activity.
Explanation of the value low and high range that the price is expected to return to.
Analysis of previous price movements and their correlation with the current market scenario.
Identification of low volume and price failure to break below a certain structure as signs of exhaustion.
Discussion on the significance of the VWAP (Volume Weighted Average Price) in trading decisions.
Projection of a 14% to 15% price movement based on the current analysis.
Emphasis on the importance of buying dips in the market, especially for tokens with strong fundamentals like Omi.
Advice on how to obtain more of a token like Omi at lower prices for potential long-term gains.
Analysis of the current market situation as a buying opportunity based on the presence of exhaustion.
Explanation of the importance of Delta and its correlation with price movements in the market.
Final thoughts on the potential of the Omi token and the importance of recognizing market manipulation.
Encouragement for viewers to like, share, and subscribe for more trading insights and analysis.
Transcripts
hey welcome back to another episode of
John's crypto therapy today's session
we're going to go back in time first
we're going to try to understand what
price is doing when we look at this
analysis right here we have an expanding
Channel within the expanding Channel we
do have descending wedge the descending
wedge is going towards the downside so
we're seeing a lot of capability that
price can break towards the upside this
is a pinnacle move especially when we're
going very low and we're seeing a lot of
exhaustion prints when I'm saying
exhaustion you can see for yourself that
the volume is decreasing great sign
we're seeing that no one's really
interested in pushing the price down
this is a great manipulation move with
the big hands or the big money to push
the price lower for everyone to start
dumping and they'll buy it back at a
diry price so this signal has already
been placed into my channel and we have
enter the trade exactly at the bottom
and we're already starting to buy up
this market right here I'm expecting
price to go a little bit higher I'm
going to show you in the vwap I'm going
to show you with a lot of key
instruments what you can start to look
for a lot of people that are structure
Traders will say we're making lower lows
and lower highs even though if you're a
structure Trader you could put your
Fibonacci and say to yourself well if I
am still looking to release the price
and make it go back lower a lot of
people that want to sell the price will
look for the 50 and the 61.8 and we're
so far away from that guys so that means
we have a great analysis or a great move
to bounce towards the upside and start
seeing some projections towards that
range I'm not expecting price to go that
far up I'm going to show you where I'm
expecting to take my full take profits
and this is the Insight on on how to be
a professional Trader or trade this way
and I want you guys to learn and put
this into your charts as well so let's
get right into this once I have all this
diagram down I'm going to put in my
volume profile why am I putting volume
because volume is kind of the most
important thing in trading I shouldn't
say kind of it is the most important
thing reasons why I'm saying it's very
important it's where transactions has
been done right I want to know where
majority of the transactions has been
done right here around
0.499 Nish
that is the key level that is going to
be my Pinnacle move of me taking
majority of my profits of course I'm
going to go a little bit lower take my
profits before I'm going to look for
some key uh footprint charts of
absorption or exhaustion beforehand but
that is going to be my key area we have
a value low and our value High the range
that price wants to go back towards that
upside range okay I even talked about
guys this and I told you guys that price
was going to fall and if you guys go to
my previous video I've explained that
why price was going to go lower and it
has done for that scenario right here
okay so once again we're seeing low
volume and I'm going to explain to you
guys why I want to buy up this market
right here this is going to be my
structure price is failing to break
below do you guys see that price is
failing to break below it is hovering
above that structure which is a great
sign especially for exhaustion and if I
Mark that in towards the charts right
here we see that we broke below the
structure while here we're failing to
break below follow through with low
volume is such a great thing to see and
this is the real truth about exhaustion
right here we have low volume we're at
the very bottom of course this is
showing us with all the information that
I've talked to you guys about the
expanding channel the little wedge the
low volume and how we're trying to go
towards the PLC so the PLC I've already
mentioned it is going to be a strong
move I don't know how long this move is
going to play out but once this plays
out I'm looking to exit a lot of my
positions maybe look for a retest and
then come back down once I'm putting my
vwap this is the quarterly so you can
see for yourself as well guys it is
towards the upside right around a key
level that I'm looking to take price and
price will hover towards this range I've
already entered this trade and I've
explained to you guys in the long term
in price projections that this alone
right here is already a 14% like a 15%
move why are these moves really
important a lot of people that are
folding on Omi it's great cuz when you
fold there's people like me that is just
buying the dips every single time Omi is
a great token I do believe that it has
such a great protocol to reaching new
levels and the key is not to worry about
the Omi you have it's about how to get
more Omi or obtain more Omi at these low
prices that's the key for those that
don't believe in this project I am very
happy because you know why those are the
ones that are going to sacrifice and
lose the opportunity to become
Millionaires and billionaires especially
with this token I think this token has a
great projections a great future ahead
of itself and now it's the time to look
to buy exhaustion is right in front of
us we're already looking to buy the dip
if you guys are late to this start
looking for key pullbacks before you buy
but this is already a great trade
towards the upside so I'm roughly
looking at
0.0000 4828 is or 6ish just before
taking my profits and I want to see how
prices react if I do see an absorption
or anything that's going on then I'll
look to exit so just a quick recap we
have low volume the Delta is not
matching as well remember think about
the Delta and the chart as twins it
needs to match once it's not matching
there's something going on in the
markets and typically it is manipulation
so when we have manipulations or
something like that we like to analyze
the market itself and say to ourselves
what is price doing I want to give you a
key tip as well if I put my volume
profile onto this chart right here and
I'm looking at the very bottom take a
look at that guys at the very bottom of
this structure I'm not even seeing any
volume take a look at that on the bottom
of this Wick I'm not seeing no volume so
that means there's no follow through no
follow through as a professional Trader
think about it guys logically if we're
seeing volume decrease we're seeing the
Delta the purchase
decrease so the purchase is the people
looking to sell the market are
decreasing but how come the price is
moving key manipulation we have low
volume at the bottom so price just
wanted to go down take out some stop
losses key projection towards upside
very simple very easy these are key
tools that I teach in my program and how
I use this on a day-to-day basis guys go
through all my charts go through all my
analysis and you'll see that you'll
learn a little bit every single time if
you guys do like this type of video
please make sure to like share and
subscribe other than that thank you so
much for being a part of this journey
and let's continue with the Omi rocket
take it easy and John out peace
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