BTC Analysis using Volume Trend Analysis on BTCUSD Hourly

After a very nice move down from the last weakness indication (Red Square), we now have a strength indication last bar (Green Square). I am not trading as the weekends can be a bit unreliable volume wise, if you were to trade it a cautious stop would be placed below entry of 6068 at 6019. Target would be upper Stall point at the 6148 area. This chart uses slightly different settings than normal but every time setting shows strength at the last bar.

The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.

Trade closed: target reached