RedAndBlue

BTC/USD Chart Based on Volume Profile

RedAndBlue Diupdate   
BINANCE:BTCUSDT   Bitcoin / TetherUS
This is my first public idea and my first time using volume profile (which i am still learning until now).
So please correct me if i made mistake.


The resistance which is on purple line (8391) is placed based on LVN (low volume node), which is also previous high on 15 & 16 April.
If the price goes above the purple line, the price should go higher.
If the price can't go above purple line, the price should go to VA (7887 - 8197).

Stop loss may be placed on red line (7730), which is a little bit below LVN.
Which means if the price goes below red line, it should go down more.

Any comment is really appreciated.

Thank you.
Komentar:
So the price passed LVN in 8308. And the candle seems to "skip" the LVN.
I will see further update based on volume profile.

Komentar:
So price went higher than 8400 which was LVN area, and the price jumps to 8500.
New volume profile is made.

This is very interesting.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.