BTCUSD 13 AUG 2020 1348 HRS (range bound/Master the mrkts quote)
Red boxes represent supply zones.
Green boxes represent demand zones.
Look at the volume associated with those zones and ask yourself where the higher concentrations of volume are.
Read this excerpt from Master the Markets (page 40) by the late Tom Williams:
"Resistance in a bull move represents selling. The professional does not
like to have to keep buying into resistance, even if he is bullish. He also wants to take the path of least
resistance. To create the path of least resistance he may have to gap-up, shake-out, test, and so on, or he
may do nothing at that moment, allowing the market to just drift."
Volume gives you an advantage.
Good luck
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a rage (phase B)
Green boxes represent demand zones.
Look at the volume associated with those zones and ask yourself where the higher concentrations of volume are.
Read this excerpt from Master the Markets (page 40) by the late Tom Williams:
"Resistance in a bull move represents selling. The professional does not
like to have to keep buying into resistance, even if he is bullish. He also wants to take the path of least
resistance. To create the path of least resistance he may have to gap-up, shake-out, test, and so on, or he
may do nothing at that moment, allowing the market to just drift."
Volume gives you an advantage.
Good luck
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a rage (phase B)