Bitcoin / TetherUSFormazione
🔥THE VOLUME PROFILE: HOW TO IDENTIFY THE BOTTOM ON BTC?
Hi friends! Today i explain you the method that gives you another confirmation that the bottom of BTC is already reached. You will be well prepared for the next BTC bullrun using this method.
📊 What is volume profile?
Volume profile is the indicator that show us how many trades (volume) were made at some price. If the common volume indicator show us how many trades were made through the time, the volume profile show us how many trades were made at some price (10-12k, 58-60k etc.).
It help to identify the largest support and resistance areas, as well as liquidity gaps where the price PUMP/DUMP🔥 the most. Here is the educational idea with detailed explanation and instruction to the volume profile!
📊 How to identify the bottom of Bitcoin using Volume Profile?
This is what we need:
1. volume profile from the ATH to the bottom
2. point of control or POC
Point of control or POC is the area where the most trades were made. We marked it as the yellow line at the volume profile.
3. BTC dump for >-50%
If the price fell by 50% from the place where the most margin trades on Bitcoins were opened, it means that most marginal traders even with x1 leverage were liquidated.
🚩 Traders with x10 leverage were liquidated at a 10% drop, with x20 leverage were liquidated at a 5% drop.
✅ As you can see it was in 2015, 2018 and it`s happening now. After the 4-6 months consolidations (yellow areas) the small bullruns begin. Will it happen this time? Write your thoughts in the comments.
📊 Why are liquidations important for the growth of crypto?
This way the market becomes "healthier" and is cleared of weak hands. At this time, whales can accumulate a large position in Bitcoin or in another crypto. Liquidity at the bottom allows you to buy 10,000-20,000 Bitcoins. For example, over the past week, 60,000 Bitcoins were withdrawn from exchanges.
🏁 How to open the Volume profile?
1. Look at the left side tools in the TradingView chart
2. Choose the "Prediction and Measurment Tools"
3. Tap on "Fixed range Volume Profile"
That's it.
✅ Traders, every strategy has it's win rate. This one have the 100% win rate. If some patterns work very good for the couple of cycles, it can be changed with the times and market sentiment. So be carefully. Now the world economy has a not the best market conditions, but we get a lot of positive signals. Take a look at the Greenwhich indicator which also already confirm the bottom. Previously it help to sell BTC at 60-63k!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
📊 What is volume profile?
Volume profile is the indicator that show us how many trades (volume) were made at some price. If the common volume indicator show us how many trades were made through the time, the volume profile show us how many trades were made at some price (10-12k, 58-60k etc.).
It help to identify the largest support and resistance areas, as well as liquidity gaps where the price PUMP/DUMP🔥 the most. Here is the educational idea with detailed explanation and instruction to the volume profile!
📊 How to identify the bottom of Bitcoin using Volume Profile?
This is what we need:
1. volume profile from the ATH to the bottom
2. point of control or POC
Point of control or POC is the area where the most trades were made. We marked it as the yellow line at the volume profile.
3. BTC dump for >-50%
If the price fell by 50% from the place where the most margin trades on Bitcoins were opened, it means that most marginal traders even with x1 leverage were liquidated.
🚩 Traders with x10 leverage were liquidated at a 10% drop, with x20 leverage were liquidated at a 5% drop.
✅ As you can see it was in 2015, 2018 and it`s happening now. After the 4-6 months consolidations (yellow areas) the small bullruns begin. Will it happen this time? Write your thoughts in the comments.
📊 Why are liquidations important for the growth of crypto?
This way the market becomes "healthier" and is cleared of weak hands. At this time, whales can accumulate a large position in Bitcoin or in another crypto. Liquidity at the bottom allows you to buy 10,000-20,000 Bitcoins. For example, over the past week, 60,000 Bitcoins were withdrawn from exchanges.
🏁 How to open the Volume profile?
1. Look at the left side tools in the TradingView chart
2. Choose the "Prediction and Measurment Tools"
3. Tap on "Fixed range Volume Profile"
That's it.
✅ Traders, every strategy has it's win rate. This one have the 100% win rate. If some patterns work very good for the couple of cycles, it can be changed with the times and market sentiment. So be carefully. Now the world economy has a not the best market conditions, but we get a lot of positive signals. Take a look at the Greenwhich indicator which also already confirm the bottom. Previously it help to sell BTC at 60-63k!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
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