- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k. - They just don't know how to use this tool and didn't understand how it works. - if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool. - The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or 2013.
What happened when BTC was Bearish :
- Actually when BTC dipped from 30,000$ ish, the columns started in the vrpv darker zone ( Less Demand ) - BTC reached 20,000$ and columns started to grow ( Demand Zone but Fear "Retailers" ) - Then dipped 17,500$ and the columns diminished size ( Good Demand " Smart Money" )
- This is at this point that you can detect a BOTTOM Zone. ( Darker zones + Small Columns )
Then what happened when BTC was Bullish :
- if you watch VRVP when BTC was growing you will notice the inverse. - The Main demand was around 30,000$. - BTC Reached 50,000$ and VRVP started to be darker ( More Demand impulse "FOMO" ). - Then BTC reached 70,000$ ( No Demand ). ( Darker zones + Small Columns )
- i will post an exemple under this post to show a bad use of VRVP/VPVR. please don't use it that way.
Happy Tr4Ding !
Comment
⋅
This this the most common bad exemple on how to mistake when using VRVP/VPVR.
i've thought that will be something like this. Yes, we can complicate wave (iv) in some way, to some kind of flat or combination, but in any case, I think that we still need to update the bottom a little more in order to form a 1d TF divergence
thecryer
⋅
@trytofeelpositive, thanks for sharing bro. yeah a double tap lower bottom is also possible.
nice mention mate. unfortunately VRVP can be read in different ways. you choose different session you get different outcome. so using this tool need more experience than other indicators. however accidentally some of them may right about 12K to 10K. because there is other signs at least for now that shows hitting 12K to 10K is not out of imagination. but when or how (if) that happen no one can claim to know
thecryer
⋅
@bestfarbit74, of course everything can happen. i didn't make this post to definite a Bottom but to mostly show a way to use this tool. if u use it from a large timeframe (1 or 2 years), you are taking all the mixed volumes from too many different "marketcaps". BTC prices + Volumes in 2018-2020 are not same as BTC in 2020-2022. Cheers mate.