This indicator can be used as a simple measure of price action tradability. It's an alternative to volume that focuses on the gaps between close and open candle prices. The bigger the gaps, the more spread and slippage you'll get when trading.
Here is a Volume Profile strategy I use.
Please see the video on how to do it. Have a good one!
Many of the educational posts out there are mere examples of past chart patterns that have already completed themselves. Which this is an excellent way to study data and to help predict future movements, it tends to create over-confident traders. As many of us know that there is no 100% guarantee to any chart pattern. However many people, myself included,...
Longing here & giving a quick lesson on how to use high & low volume nodes with the VPVR. Price will often move from HVN to HVN while blasting through LVNs where there is a low amount of orders/low liquidity. You can use this to find S&R levels and price targets.
I have mentioned a few times that ETH is my favourite fundamental pick in the complex. I wouldn't pretend to know details about the technologies, but the resilience of ETHUSD in the latest selloff further boosts my conviction. Presenting some chart analysis here. There is a new significant zone emerging at the 735-740 level. I would stay flat below that level in...
BINANCE:BTCUSDT This is an educational idea to highlight what happened in the last days. Regression tool is showing what is going on nicely. I love it. Between the 2 falls the up-trend is very weak. The volume is very low. Hence bulls cannot take over.
Bitcoin remains in a consolidation pattern. Having failed to breakout, expect it to try lower edge of the consolidation. Would buy a test of lower level (8700) for a move back to the Point of Control (9250ish levels)
This is the net volume infusion on the OBV indicator .. the point and figure chart Disclaimer.. Not an investment/trading recommendation
Volume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are...
Example of a trend break after active accumulation. The analysis was performed using the X-volume indicator. Thin vertical dashed lines indicate candles with active accumulation. The blue dashed lines indicate the process of redistribution. For details, refer to the instructions for the indicator. It should be noted that it is not true to speak of a trend change...
Hi all. I've had some PM's about the price spike we had for CTR/BTC over the last 24 hours, given that I did some analysis on this a few days back. I've recorded this vid to provide some context around what you should have been looking for! There's also some time spent on what not to do, which will hopefully be useful for newer traders. Hope it's useful. Let...
The wave is currently finalized and is working as planned: I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5. And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction. This situation lasted until bearish volume spike on 07/11 that...
Just read what i wrote above and you will understand what is happening, we are once again experiencing overbought conditions. Don't forget this is not a currency and not a commodity, it won't go that down.
This is how I trade. I can get very good Risk:Reward ratio using this strategy. I also use Pivot, Fibonacci and Volume analysis to assist my trading.
I hope you enjoy this tutorial about Wycoff's Springs and Upthrusts with entry spots
Today's tutorial session was all about long term viability. While it is one thing to have a sound fundamental idea, it is quite another to have a good trade setup. Ideally, as rational investors, we only want to buy when both fundamental and technical indicators are pointing in the same direction. Unfortunately, while the fundamental story for BitCoin still seems...