Highlights when the candlesticks movement is also supported by a major increase in volume. Thus one can assume that a bullish or bearish follow thru is likely to occur.
Blue = bullish
Yellow = bearish
With this i enter only if the blue high or yellow low is surpassed by the very next candle, if not i dont enter.
Example.** In $XBT’s month long November 2019...
Falling price increased volume = bearish
4th test of support = bearish
But this is what occured each time shorts have reached this level. Long from 6.3
What i see is a spike in longs & shorts, open interest has increased signaling continuation of the trend. Reversal if 1 reaches an extreme or if they both fall off. $XBT at a profit taking fib for shorts rn. If this former resistance doesnt flip into support then were looking at 6.6
What i see is a spike in longs & shorts, open interest has increased signaling continuation of the trend. Reversal if 1 reaches an extreme or if they both fall off. $XBT at a profit taking fib for shorts rn. If this former resistance doesnt flip into support then were looking at 6.6
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