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Volumeanalysis

Bitcoin Onchain Volume and Trading volumeHello guys.today i want to explain how we can find important Resistance and Support levels in BTC according to onchain transaction volumes and trading or off chain volumes. when we talk about onchain volume means Vol of transactions recorded in blockchain. and when we talk about Trading Vol or offchain Vol means transactions recorded in exchanges. Comparing on-chain and off-chain transaction volume can help us verify that data on exchange trading volume is accurate. Off-chain volume should behave in the same way as on-chain volume. We need this metrics in Tradingview 1)BCHAIN/TRVOU - QUANDL ----> this metric shows trading volume in Exchanges daily(Blue chart) 2)BTC_TXVOLUME - INTOTHEBLOCK ----> this metric shows BTC onchain volume daily(Purple chart) and the price chart attached between this two metrics in my charts above.(Orange chart) so when the trading volume and onchain volume grows together , we can see bounce or fall in price. i show the trading volume and onchain volume Highs with colorful vertical lines and illustrate important support and resistance levels this highs show on my chart with colorful horizontal lines. according to this method , below we have important levels in BTC price that volume grows strong so a lot of coins move from hand to hand. this levels are : 19700 - 20500 - 32500 - 37200 - 43200 - 48000 - 56000 - 61500 Hope you like my opinion and if you have notices about it please share me in comments. thank you all.
B
by TraderAmin-KZ
1
Double Bottom On The GER40 FormingHi Traders, I am looking at the DAX today on the 4-Hour Chart. We may have a potential Double Bottom forming currently. We have nice divergence across the MACD Histogram. I'm waiting either for the price to break out of the neck zone area with impulsive bullish volume to accompany it OR for the price to head down again and form a clearer second bottom. Either or, patience is key. I will not enter unless that neck zone is broken and the price closes above it. We always wait for a retrace back into the neck zone before opening up a long position. Let's see how this one plays out. Have an awesome Wednesday traders! The Vortex Trader
OANDA:DE30EURLong
by TheVortexTrader
EUR/USDs potential bottom for the dayHey tradomaniacs, market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down. Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss. AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the downside!! More risk-off in equities and things can quickly change. ;-) And wait for momentum / Confirmations! Watching this level carefully
Long
by Trading2ez
1
REQUEST NETWORK (REQUSDT) bottom and new volume 📖🚀Hello 🐋 Based on the chart after a long time, correction to the downside the price breaks the descending wedge and the green trend line to the upside and shape the cup and handle pattern if the price doesn't break the support level to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀 if the price breaks the range area to the upside, we will see more gain 📖🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
2
BTC is about to pump and here's why.In the 2 hour timeframe, we can observe BTC is very close to a support zone, and it also shows the volume is decreasing as well. This shows that sellers are getting uninterested, and will most likely switch sides. Also, this descending triangle's resistance line is dangerously close to breaking out, meaning in the near future, we can expect BTC to pump all the way to 20k. NOTE: This is not investment advice. sometimes it won’t work. Nobody has a crystal ball to predict the future. Sometimes it doesn’t work.
BITSTAMP:BTCUSDLong
by lorinstocksinvesting
1
VRVP and Fixed range profiles.In this post I wanted to do a breakdown of how to combine two profiles, so we had this big fall away from the VRVP, we had declining sized bars, we had less orders in leymans terms, so we can use a fixed range profile of the fall away to get a better reading of the orders in detail in the fall, remember VRVP gives a big scope, fixed gives a narrow scope, so price entered an area of Low volume which I labelled in the chart. So we now look at the fixed range profile we see the largest bar of the fall, which I have labelled with the green chequered line, so price is miles away from fair value on the VPVR, it naturally wants to return here as shorts close their positions, and buyers find value in the currency, so we wait for the fixed profile to break chequered line and we aim back to the volume build up, and I want you to start calling this 'fair price', see how simple and easy that was? So when price leaves the main VRVP use a fixed range on the down move to find the POC (Point of Control) AKA green chequered line, and aim back to the fair price, this is how you find value when trading! Now when you see these crazy moves, I want you to break them down in a sensible and logical approach, treat trading like a business! become a master of finding Value! More to come! ZenFlo
Education
by ZenFlo
$QNGY Next Target PTs .80-.85 and higherQuanergy Systems, Inc. develops and markets light detection and ranging (LiDAR) solutions for automotive and IoT applications. The company offers M1 LiDAR sensor for mid-long range industrial measurement applications; M1 Edge 2D LiDAR sensor that enables reliable collision avoidance and smart navigation; M8 LiDAR sensor, which provides 3D perception using multiple eye-safe laser beams and time-of-flight measurement technology; MQ-8 LiDAR sensor for flow management applications; M8-Prime 3D LiDAR sensor that provides industry-leading pinpoint accuracy and captures for industrial and mapping applications; S3 solid state LiDAR sensor; QORTEX DTC, a 3D computer perception software; and QORTEX people counter enables the development of accurate and innovative people counting and queue management applications. Its products are used in various applications, such as mapping, security, smart city and smart spaces, industrial automation, and transportation applications. The company was founded in 2012 and is headquartered in Sunnyvale, California.
QLong
by BADQOMOCAWGOWLD
$AXDX Next Target PTs 1.50-2-2.75 and higherAccelerate Diagnostics, Inc., an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States, Europe, and the Middle East. The company offers Accelerate Pheno system, an in vitro diagnostic platform for the identification and antibiotic susceptibility testing of pathogens associated with serious or health care-associated infections, including gram-positive and gram-negative organisms. It also provides the Accelerate PhenoTest, a test kit for the system, which provides identify and antibiotic susceptibility testing results for patients suspected of bacteremia or fungemia, both life-threatening conditions with high morbidity and mortality risk. The company was formerly known as Accelr8 Technology Corporation and changed its name to Accelerate Diagnostics, Inc. in December 2012. Accelerate Diagnostics, Inc. was incorporated in 1982 and is headquartered in Tucson, Arizona.
NASDAQ:AXDXLong
by BADQOMOCAWGOWLD
BTC still has not hit ideal "Reversal Volume"The prices of bitcoin and alts looks to be trending better this last week. However, the largest concern I still see before feeling more "bullish" is volume. The following chart represents the logarithmic bullish trend of Bitcoin since its inception. As one can see from this chart, for the past few years, volume has been a key indicator that a reversal has occurred within the ascending logarithmic trend. In 2017 volume began to increase culminating in the reversal volume in 2018 Then in late 2018, volume seemed to indicate a low had finally occurred until the price hit similar strong volume in May of 2019 When the Covid-19 drop hit in 2020, it was then accompanied by the highest monthly volume yet, which then ricocheted the price upward Then finally, volume seemed to indicate a likely reversal approaching in early 2021 Now I should note that the latest "high" from volume did not necessarily indicate the all-time high nor did monthly volume represent the bounces that occurred during June/November 2021. Additionally, monthly volume does not necessarily indicate a guaranteed "high/low" has been met (neither does weekly volume for that matter), as the highs/lows associated with volume are usually within a couple of candles of the reversal. However, I do believe that if "reversal volume" were to occur, it would at least indicate a safer entry for anyone looking for a true break from the bearish market that exists today. Hence, although one should not necessarily expect volume as a requirement for a short-term reversal, it at least helps as an indicator for a more likely long-term reversal. And as always, this is solely my opinion and not meant in any way as financial advice. But please like or comment if you agree or have any additional opinions.
KRAKEN:BTCUSD
by crypto_trends
12
GBPCAD: Stop Hunts Everywhere ⚠️Wow, last week was intense. Firstly, we saw market makers sweep break and re-test buyers THEN they liquidated breakout buyers from the trend line and to finish all off they did a sweep on sellers that remained. Although the direction is unclear for next week, I have illustrated my bias. I may be wrong but at least I know that stop hunts are out of the way and we potentially have enough liquidity for a big impulsive move. Comment your thoughts below traders 💬
Short
by AlkalineFX
16
Bitcoin BTCUSDT - Elliott Wave + 0.786 FIB + Falling wedge!- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed! - We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend. - As per my Elliott Wave analysis - ABC correction should be completed successfully! - If you check the RSI indicator, you can spot another falling wedge + oversold condition. - Volume analysis - huge capitulation spikes, which usually indicates trend reversal. - We have a bullish hammer candle on the D/3D chart - indicating a rejection to go lower. - I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD).
Long
by UnknownUnicorn2537518
7
SPX: Key Points to watch from here!Hello traders and investors! Let’s update our thoughts on the SPX, as it has been a while since my last analysis on it. First, the index triggered a bear trend since it lost the support at 4,073. The downtrend was sharp, however, we must pay attention to some key points. First, we have three gaps – the first one was already filled today. Second, after many days trading below the 21 ema, the index is finally breaking it again, and we are trading above it. Third, we have a key point at 3,810 (purple line), as this price level worked as a support/resistance multiple times in the past, and since we are under this price, this is supposed to be our next resistance. The index is still bearish, and despite the reversal signs it is giving, a true confirmation would come if we break the purple line. In that case, I see the index filling the last two gaps. If it fails, then it’ll just resume the trend, and seek the 3,600 again. The volume is finally starting to increase, and the daily chart suggests a retest of the 21 ema in the next few days. If that’s true, we’ll break the 3,810 line, triggering a short-term reversal. However, we don’t see any bullish reversal structure for the mid-term, therefore, we must be patient. Remember that since the SPX dropped more than 20% from its last peak, we are in a bear market, officially, and trends persist until a clear reversal occurs (Dow Theory). Let’s see how the SPX will react when it hits our key points. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
3
BTC/USD Head And Shoulders Pattern 4 HourHi Traders, I'm looking at BTC today on the 4-hour time frame. We don’t know if the bottom is in yet for this recent capitulation but that’s not my problem to solve. I only trade what the charts show me. If a setup presents itself and fits into my list of rules and criteria, then I will jump into a position. I'm noticing a potential head and shoulders pattern. We have full divergence on the MACD What I would like to see is the price close above the neck zone impulsively with substantial bullish volume to accompany that move. I would then look for low bearish volume on a retrace down to the neck zone. Once the price retraces deep into the neck zone, I would open up a long position My target would be the 23.5k level Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDLong
by TheVortexTrader
Short in Natural Gas in daily chartThis is my daily chart stretegy. Equal than weekly chart strategy for stocks. The main difference for this strategy is the filter I do. The strategy share more trades, So to filter correctly the good ones I need to check the volume in a weekly chart. In this case, my volume indicator says that the red line ( short volume ) is greater than green line (long volume ), so the fisrt filter is positive. The second filter is check in which candle in daily chart the short volume crosses over the long volume , that's happened yesterday, which means that today we have a short trade in Natural Gas . The support are clear in the chart, anyway, as I always says, we will keep in the short trade until the long volume was greater than red volume. The short trade was last Friday and let's see how much time will continue the trade. Take the note that I wait until the candle close to check the volume in the whole day to see if there is or not a cross My strategy is super clear, remember that they key of my strategy the volume analysis, I made an analysis for each asset, which means than the setup of the volume is difference for each product. Have a good day everyone
RUS:NG1!Short
by tradingconfibos
$AERC entry PTs 16-17.70 Next Target PT 28 and higher Long term AeroClean Technologies, Inc., an interior space air purification technology company, provides air purification solutions for hospitals and other healthcare facilities. The company offers interior air sterilization and disinfection products for the eradication of harmful airborne pathogens, including COVID-19. It provides Purgo, an air sanitization product for indoor spaces; and Purgo Lift that provides air purification solution for elevators and other wall-mount applications. The company was formerly known as AeroClean Technologies, LLC. AeroClean Technologies, Inc. was founded in 2011 and is headquartered in Palm Beach Gardens, Florida.
ALong
by BADQOMOCAWGOWLD