Volume Profile Cheatsheet💯
- Volume Profile and VWAPs are the bread and butter of my trading strategy. Print this out if you're a beginner
- Trading using the Volume Profile is fairly easy and highly accurate if you combine it with basic price action. This indicator helps with identifying key levels of support and resistance, also the areas where the market is likely to react or most volume is traded
Below is every small detail you need to know to understand this indicator
- Point of Control (POC): The price level with the highest traded volume. Price usually reverts back to this at some point
- Value Area (VA): The price range where a significant percentage of volume (usually 70%) has been traded. It includes:
- Value Area High (VAH): The upper boundary.
- Value Area Low (VAL): The lower boundary.
- HVNs: Areas with high trading activity; these can act as support/resistance.
- LVNs: Areas with low trading activity; price often moves quickly through these levels due to low volume being traded at these points.
Advice: Create a very small perp account to backtest this strategy, look for buys at the value area low and sells at the value area high. If price starts to reject at the POC, it usually signals a reversal back to the value area low and vice versa.
Happy Trading.
Ito po lahat ng materials na ginawa ko for the 2023 Bar! 👇🏽👇🏽👇🏽
Pre-week Written
https://t.co/lIxoMa6VRt
Pre-week Video
https://t.co/6r2Min5aKi
Last minute tips
https://t.co/UKQlTGdNcq
@mobysol May i know, how you setup the trades like this? I've seen this before on youtube, named "bitcoinsensus". Unfortunately there are quite few videos revolves on nPoc, dPoc, Vah, Val Range etc.
In anticipation of the #Bar2023 Results tomorrow, December 5, 2023, please scan the following QR Codes for the livestream links, for simultaneous access by the public.
READ the Notice in full at https://t.co/5yZO9YVahK
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