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agon

Volume Splitter

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what has changed? what do you think now? both are useless? :) spare me few tries and errors :) I'll buy you a beer :)

 

no I simply plotted CVD with B/A and U/D ticks for couple of weeks.. and I couldnt trade ticks.. just makes no sense..

 

I talked about Fulcrum CVD all the way.. I dont care about other "studies".

 

IMHO - All studies are crap if they can be found publicly :rofl:

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no I simply plotted CVD with B/A and U/D ticks for couple of weeks.. and I couldnt trade ticks.

 

 

Your rigour impresses me. :)

 

Read some of the papers I mentioned, you know what? There are even better algorithms than plain old V@B/A out there. (as they are algorithms they will improve any approach that is based on algorithmically trying to determine trade direction......like CVD).

 

It's not about 'studies' per se it's about determining order flow (and hence inventory in Fulcrums case). I wonder what your motivation for posting are if you think all studies are crap? I guess you are saying CVD is worthless too (seeing as it can be found publicly)? If that is your sincere belief we'd all be better off not posting in case we destroy something valuable by making it public :). I suspect really it is more about being provocative like your old mate UB.

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contrary to UB I dont seek attention.

 

yes you r right what I believe is irrelevant here. can you edit my post and remover last sentense? i dont see button Edit for myself ..

 

P.S. tell me about other algorithms.. are they publicly accessible? ;)

Edited by maxima

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sooo. BlowFish.. when it comes to share knowledge you are nowhere to find...

 

what studies shows better direction of markets than bid/ask CVD?

 

cant hear ya!

 

oh.. I see you are here not to share trading knowledge but to simply keep conversations going.. like discussing things you have no idea about like digital signal processing, sampling, differential processes, .net garbage collector...

 

you are a naked king dear.. king of wikipedia and cheap web forums.

 

and yeah. until you answer my question about the studies I am not going to react on your messages. so spare yourself breath flaming here.

 

I dont care.

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That's rich :) firstly I suggest reading this thread from the beginning there is a lot of information in it and information where you can find more. (plus some TS code that I shared if I remember correctly). If you are still stuck after reading it drop me a line. though you will probably need to retract your statement first.

 

Took a long weekend sorry that did not suit you schedule, I'll check it's OK next time....or I could just put you on ignore.....hmm let me think on that, had a very long lunch and wouldn't want to make any hasty decisions.

Edited by BlowFish

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There are even better algorithms than plain old V@B/A out there. (as they are algorithms they will improve any approach that is based on algorithmically trying to determine trade direction......like CVD).

I cant retract anything. it seems it has a timeout for that. but frankly - I didnt touch your personality until you started to pick on me. i dont give a shit if you dont like me. if you cant keep yourself not personally involved this is not my problem.

 

on the topic:

I am asking only to name the things you noted in there. I'll find the information. Need the names of the algorithms.

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I cant retract anything. it seems it has a timeout for that. but frankly - I didnt touch your personality until you started to pick on me. i dont give a shit if you dont like me. if you cant keep yourself not personally involved this is not my problem.

 

on the topic:

I am asking only to name the things you noted in there. I'll find the information. Need the names of the algorithms.

 

C'est la vie, I was just a bit gob smacked that you though my contribution to this thread (or was it the site in general?) was lacking. That was another reason why I suggested you re-read it. I should respectfully remind you that no one here owes you anything. I dunno maybe ET would be a better venue for your style of forum participation?

 

As I have said numerous times it all stems from Lee & Readys research 20 odd years ago. Start there and go where it will take you. There has been a fair amount done on the subject but it is easily digestible by someone with the desire to digest it. I am not going to chew swallow and digest it all for you. That seems like it would be academic as you seem have strong preconceptions already (which is your prerogative of course).

 

I am surprised you are that interested tbh having previously stated that you thought stuff that was in the public domain was worthless. Again I am left wondering about your motivation.

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just to summarise (not to criticise):you reffered to Lee & Readys exclusivelly when you said - better algorithms to find market direction? thanks. I'll have a look....

 

and yeah - save your time trying to analyse me. spend it on trading better. I didnt touch you, you dont touch me. is that simple... as you rightly mentioned - you dont owe me, but dont forget I dont owe you ... I dont like you either but I was trying hard to keep silence.

 

and stop this wording games BS - when did I ask to chew for me? I said give me the name I'll do the rest.... just stop it OK?

 

keep it in professional way.

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Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

I am new to easylanguage, please help my questions and comments below -

 

Questions -

1. What's the purpose of the (if LastBarOnChart) block, is it to make sure that this indicator only works on real-time data?

 

2. If this indicator is inserted into a 100-tick chart, how often(frequency) tradestation charting engine invokes this logic? every 1 tick?

 

3. Is it possible to replace MyVol = Iff(BarType < 2, Ticks, Volume);

with MyVol = Volume for 100-tick chart.

 

Comments:

1. BARatio, VolumeAtAsk, VolumeAtBid are not used in the code, they could be removed;

2. cumulative volume(delta) calculation should also consider the relationship of the current bar close price with previous bar close price;

 

Thanks!!!

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I am new to easylanguage, please help my questions and comments below -

 

Questions -

1. What's the purpose of the (if LastBarOnChart) block, is it to make sure that this indicator only works on real-time data?

 

2. If this indicator is inserted into a 100-tick chart, how often(frequency) tradestation charting engine invokes this logic? every 1 tick?

 

3. Is it possible to replace MyVol = Iff(BarType < 2, Ticks, Volume);

with MyVol = Volume for 100-tick chart.

 

Comments:

1. BARatio, VolumeAtAsk, VolumeAtBid are not used in the code, they could be removed;

2. cumulative volume(delta) calculation should also consider the relationship of the current bar close price with previous bar close price;

 

Thanks!!!

 

In short 1) Yes

2)Yes, you must set indicator to update every tick

3) Yup that line should limit the indicator to intraday charts. Not really necessary I guess.

 

Yes it was code I hacked together as I said up top. It needs a good tidy up comments etc.

 

Cumulative delta has nothing to do with bar closes it is simply compares volume transacted@bid with that transacted@ask print by print.

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do you think this indicatory would be better applied to 1tick chart o 1contract chart?? this is what I have run across:

 

Infact if You use 1 contract chart and the market trades 1000 lots @ the ASK side which is Upper then the previous close, MC register this trade as an Uptick and You can plot a 1000 lots trade @ the ASK side as an UpTick. So based on this example, if you create a cumulative sequence of trades based on volume, you can have a Cumulative Delta Volume. Be careful because with 1 contract chart, it's a good stuff only reffered to a brief time lap (about 30minute to 1 Hour MAX).

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Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

Hello, I'm new to this forum.

I see this code and I think that it is better to change this line:

 


if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 

 

with this one:

 


if ticks>=filtro then begin
	if Close>= insideask then Delta=Delta+Ticks;
	if Close<= insidebid then Delta=Delta-Ticks;
end;

 

in this way I'have the real sum of volume exchanged in bidside less the volume exchanged in askside.

Is it correct?

 

MARCO

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Woops way to completely balls up :crap: I only changed a couple of lines and managed to get an additional end statement and undefined variable (block) as you guys pointed out. It's got to the stage where it needs a tidy up (as well as comments) but this should at least run

 


inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");	 

 

Hello, I'm new to this forum.

I see this code and I think that it is better to change this line:

 


if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 

 

with this one:

 


if ticks>=filtro then begin
	if Close>= insideask then Delta=Delta+Ticks;
	if Close<= insidebid then Delta=Delta-Ticks;
end;

 

in this way I'have the real sum of volume exchanged in bidside less the volume exchanged in askside.

Is it correct?

 

MARCO

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Dunno what filtro is? By the way the indicator works on volume traded not ticks.

 

Feel free to change it to suit your needs but I think it is correct (with the caveats earlier in the thread) as it is. Of course I have been known to be wrong :D

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Hello BlowFish and thank for your answer.

Filtro can be used if you want to see only traded volume greater than a preset value, but is not so important.

Furthermore in multicharts if the "Build Volume On" of the instrument is set to "trade Volume" and not to "Tick count" the instruction

MyVolume=Ticks

give you the volume traded for every tick.

In your code there is this line

MyVol = Iff(BarType < 2, Ticks, Volume); 

 

that is the same thing of

MyVol=Ticks 

for intraday and tick by tick charts

 

My dude is for this line

 

if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp

 

and this one

 

else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  

 

where VolTmp is previous volume traded.

 

In "Close<=InsideBid" case, volume is traded in Bidside so it is correct to subctrat MyVol from Delta, but I can't understand why you add the previous volume (VolTmp) regardless of it was traded in bidside or in askside (because the line:"Close <= InsideBid" is only referred to the last volume exchanged that is MyVol).

The same thing happen for the line "Close >= InsideAsk

Can you explain that?

 

I hope you understand me, my english is not so good!:crap:

Thanks,

byebye

MARCO

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Hello !

I have been trying to download Volume Splitter Indicator for Ninjatrader 7 but it doesn't work.

Please, could you upload it again please?

I spent days but nothing.

 

And, anybody know an alternative indicator (for Ninjatrader 7) that Show the "Short" and "Long" positions? I'm not talking about ask and bid side... I would like to know the shorts and the longs of a frame of time.

 

Thanks a lot!

 

D

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Here you go...be aware of the issues with insidebid insideask (they are discussed earlier in the thread

 

 
inputs: 
UpColor(darkgreen), 
DownColor(red), 
DeltaBar(1), 
MaxBlock(9999),
MinBlock(0),
ResetDeltaEachBar(0); 

variables: 
MyVol(0), 
Block(0),
color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolRatio(0), 
intrabarpersist VolTmp(0), 
intrabarpersist Delta (0), 
intrabarpersist DeltaH (0), 
intrabarpersist DeltaL (0), 
intrabarpersist DeltaO (0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolRatio = 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
	if ResetDeltaEachbar = 1 then Delta =0;
	DeltaO = Delta; 
	DeltaH = Delta; 
	DeltaL = Delta; 
end; 
Block = Myvol - VolTmp;
if (Block >= MinBlock) and (Block <= MaxBlock) then
	if Close <= InsideBid then
		Delta  = Delta - MyVol + VolTmp
	else if Close >= InsideAsk then 
		Delta = Delta + MyVol - VolTmp ;  
	VolTmp = MyVol ;
end; 


DeltaH = maxlist(DeltaH, Delta); 
DeltaL = minlist(DeltaL, Delta); 


if Delta <= 0 then color = DownColor else color = UpColor; 

plot1(DeltaO, "DO"); 
Plot2(DeltaH, "DH"); 
Plot3(DeltaL, "DL"); 
plot4(Delta, "DC");

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Here you go...be aware of the issues with insidebid insideask (they are discussed earlier in the thread

 

Thanks BlowFIsh. I think that when there are nre improvmente or find a solution the new cersion will be posted.

 

What are in tour opinion other indicators to help analisys by volume?

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Blowfish, the VOL_Splitt_OHLC_C & VOL_Splitt_OHLC are nice. What would the setting be for each in forex and then equities.A ball park figure would be nice.Anybody else here in the forums input would be welcome too.The default is 1,9999

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OHLC C seems to work the best. Insert indicator twice and set each to their proper settings. Wait till they split together then make your move. A bing and a bang and a boom! Notice the last picture when the big boys go against the little boys. This indicator can help you stay out of bad moves.

Volume_Splitter.jpg.e7b39d0f8531e23c5dc64813705e55e7.jpg

Volume_Splitter-1.jpg.5ac88ce36bf7015801834c15cc7df1ba.jpg

Volume_Splitter-2.jpg.e8c6aa2429859267476d1c0a1f7c8e13.jpg

Volume_Splitter-3.jpg.ec0feceb3fe77908b36f11257df94769.jpg

Edited by johnnydaymon

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Hello

I'm here a little late - but I have some suggestion:

Just an idea......

I thought it could be very usefull to be able to reset this indi

- at certain times

- at Pivotpoints

- all n minutes

or similar.....

so for my suggestions it could be much more helpfull then.

Any ideas how to do this ?

 

regs

Jojo

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Interest Rate Decision and Conference (CAD, GMT 14:00) – In September, the Bank of Canada maintained an aggressive stimulus posture, reiterating forward guidance and the continuation of its QE program until “the recovery is well underway.” However, the BoC removed its promise to “provide further monetary stimulus as needed,” keeping its commitment to hold rates at current levels and maintain the asset purchase program at the current pace. The policy rate was held steady at 0.25%, and it is expected to be maintained in this meeting as well. Thursday – 29 October 2020   Interest Rate Decision and Conference (JPY, GMT 03:00) – The Bank of Japan remains pledged to do whatever it takes to support the recovery. The BoJ minutes last time highlighted that some council members are becoming concerned that virus developments will negatively impact the recovery. On the political front, PM Suga is expected to maintain policy continuity. Gross Domestic Product (USD, GMT 12:30) – Gross Domestic Product should advance in Q3 and reveal headline growth of 33.5%, with a reversal in the inventory trajectory from a record-liquidation rate of -$287 bln in Q2 to a $12 bln accumulation rate in Q3, as the inventory figures begin a long rebuild into early-2021. Interest Rate Decision and Conference (EUR, GMT 12:45 & 13:30) – More than data releases, it is developments on the virus front that will have strengthened the dovish camp at the ECB. The number of new infections, but also hospital admissions and deaths, continues to rise across Europe, with Ireland just announcing a full lockdown until early December. Developments are adding to pressure on the central bank to act sooner rather than later, and the debate at next week’s ECB meeting will likely be lively, although on balance Lagarde is expected to hold fire for now and focus on a dovish presser that will lay the ground for a PEPP extension in early December. Friday – 30 October 2020   Retail Sales and GDP (EUR, GMT 07:00) – The German Retail sales are seen at 4.2% y/y in September from 3.7% y/y last month. The final Gross Domestic Product in Germany for Q3 is seen at -8.9% q/q from 9.7%. Gross Domestic Product and Consumer Price Index (EUR, GMT 10:00) – Fears of a double dip recession are on the rise, with preliminary Q3 GDP s.a. numbers likely to show the index down to 16.9% y/y from -14.7%. The Euro Area preliminary CPI is anticipated at -0.4% y/y in October with core reading at 0.5% y/y from 0.2% y/y last month. Personal Income/Consumption (USD, GMT 12:30) – A 0.3% increase in personal income in September is anticipated after a -2.7% decrease in August, alongside a 1.1% climb in consumption after a 1.0% bounce in August. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • BITCOIN PRICE ANALYSIS: COULD CBDCS BE THE END OF BITCOIN? Ever since Facebook publicized its plans to develop a digital currency called Libra, central banks across the globe have tried to counter it with their cryptocurrency. While Facebook’s Libra has come under heavy scrutiny and regulatory obstacles, more than 80% of the world’s central banks are working assiduously to develop a central bank digital currency (CBDC). Meanwhile, the foundational basis of a CBDC is fundamentally disparate to what Bitcoin (BTC) is about. That said, the cryptocurrency community has begun speculating what the effect of a government-issued digital currency would have on the benchmark cryptocurrency. Below are some of the possible outcomes of CBDCs on Bitcoin: Plot A The common expectation is that CBDCs will be bad for Bitcoin and the crypto industry at large, considering that world governments will place their weight behind CBDCs giving it a higher adoption rate compared to BTC. Plot B The next popular opinion is that CBDCs could give Bitcoin better widespread use and adoption, as it could spark heightened interest in digital currencies. Plot C Assuming that Plot A comes into fruition, there would be no use for Bitcoin as a peer-to-peer payment system. However, this doesn’t mean BTC becomes useless, instead, it becomes an excellent store of value. BTCUSD -4-Hour Chart Key BTC Levels to Watch in the Near-Term Bitcoin, against popular belief, doesn’t seem to be slowing down any time soon. The cryptocurrency just recorded a new YTD high at $13,357 in the past 24 hours. BTC has been trading within a consolidation range between $13,300 and $12,895 for the past four days, as traders expect a fresh bull wave. That said, as long as Bitcoin maintains its stance above the $12,895 support, we could see a fresh bull wave in the coming days. A sustained fall below the aforementioned support could trigger an extended retracement for the cryptocurrency. Total market capital: $395.4 billion Bitcoin market capital: $241 billion Bitcoin dominance: 61% Source: https://learn2.trade 
    • ETHEREUM (ETH) PRICE ANALYSIS: ETH FACES REJECTION AT $420, FLUCTUATES BETWEEN LEVELS $400 AND $420 Key Highlights Ethereum battles resistance at level $420 high The coin is likely to reach another high of $434 Ethereum (ETH) Current Statistics The current price: $415.57 Market Capitalization: $47,020,287,242 Trading Volume: $12,506,980,622 Major supply zones: $280, $320, $360 Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis October 25, 2020 Following the breaking of the $395 overhead resistance, Ethereum resumed upside momentum. However, the coin rallied to a high of $420 and was resisted. Since October 22, the upward move has been resisted as the coin resumed a sideways trend below the resistance. On the upside, if the price breaks the current resistance, the coin will resume the uptrend. However, Ether will face another resistance at $440. The coin will rally to $480 if the current resistance is broken. ETH/USD – Daily Chart ETH Technical Indicators Reading The 21-day and 50-day SMAs are sloping upward indicating the uptrend. Ether has risen to level 65 of the Relative Strength Index period 14. It indicates that the market is in the bullish trend zone. The coin is approaching the resistance line of the ascending channel. A break above it will push the coin upward. ETH/USD – Daily Chart Conclusion Ethereum will rise after breaking the resistance at $420. The Fibonacci tool analysis has indicated an upward move to level 1.618 Fibonacci extensions. The market will reach another high of $434.55. Source: https://learn2.trade 
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