THESE ARE THE DAILY CHARTS
Top line - TOTAL Crypto Market Cap - TOTAL 2 (Excluding BTC )
Bottom Line - TOTAL 3 ( Excluding BTC & ETH ) - OTHERS ( Top 125 coins minus Top 50 by market cap )
TOTAL 3 is ALL ALT coins
OTHERS is Mid to Lower Cap ALT coins
These 4 Charts use the VRVP
the Volume Profile Visible Range (VPVR), is a technical analysis indicator on TradingView that displays the distribution of trading volume at different price levels within the currently visible range of a chart.
The Colour Key is below
Value Area High ( VAH ) - Yellow Dashed Line
Value Area Low ( VAL ) - Red Dashed line
Point of Control ( POC ) - Red Dotted line
Developing POC - Blue Dashed line
Developing Value Area - Purple Dotted line
The MAIN thing to take note of here, is how ALL the charts have come down to the POC ( Point of Control) and then bounced back.
This shows VERY Strong support across the entire Crypto Market, though the lower cap are, as always, More volatile.
The Point of Control (POC) on a Visible Range Volume Profile (VRVP) is the price level with the highest traded volume within the specified time period, representing the price at which the most buyers and sellers interacted, indicating a zone of market equilibrium.
The POC can act as a magnet for price action, with prices often gravitating toward it when they move too far away.
The POC can serve as a key support or resistance level, with price trading above the POC suggesting bullish sentiment and trading below it indicating bearish sentiment.
Traders use the POC to identify potential reversal points, entry and exit zones, and to gauge overall market sentiment
PA Arrived at the POC this weekend and Bounced off it.
It is showing BULLISH signs though we do need confirmation of continuation before we all shout with Koy. The target for conformation is ode PA to reach and pass above the VSH ( Value Area High orange dash)
So, DO NOT PANIC just yet but do remain cautious
Top line - TOTAL Crypto Market Cap - TOTAL 2 (Excluding BTC )
Bottom Line - TOTAL 3 ( Excluding BTC & ETH ) - OTHERS ( Top 125 coins minus Top 50 by market cap )
TOTAL 3 is ALL ALT coins
OTHERS is Mid to Lower Cap ALT coins
These 4 Charts use the VRVP
the Volume Profile Visible Range (VPVR), is a technical analysis indicator on TradingView that displays the distribution of trading volume at different price levels within the currently visible range of a chart.
The Colour Key is below
Value Area High ( VAH ) - Yellow Dashed Line
Value Area Low ( VAL ) - Red Dashed line
Point of Control ( POC ) - Red Dotted line
Developing POC - Blue Dashed line
Developing Value Area - Purple Dotted line
The MAIN thing to take note of here, is how ALL the charts have come down to the POC ( Point of Control) and then bounced back.
This shows VERY Strong support across the entire Crypto Market, though the lower cap are, as always, More volatile.
The Point of Control (POC) on a Visible Range Volume Profile (VRVP) is the price level with the highest traded volume within the specified time period, representing the price at which the most buyers and sellers interacted, indicating a zone of market equilibrium.
The POC can act as a magnet for price action, with prices often gravitating toward it when they move too far away.
The POC can serve as a key support or resistance level, with price trading above the POC suggesting bullish sentiment and trading below it indicating bearish sentiment.
Traders use the POC to identify potential reversal points, entry and exit zones, and to gauge overall market sentiment
PA Arrived at the POC this weekend and Bounced off it.
It is showing BULLISH signs though we do need confirmation of continuation before we all shout with Koy. The target for conformation is ode PA to reach and pass above the VSH ( Value Area High orange dash)
So, DO NOT PANIC just yet but do remain cautious
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.