This video gives two main ways in trading based off of volume information. Volume is a fantastic indicator (potentially the most helpful) for trading any type of market + volume trading can be used by breakout traders, swing traders, scalpers and so on.
The Volume Trading Rule of Thumb: 1:46
How to Trade Volume Spikes (3 ways): 2:00
How to Trade using Volume Trends: 13:07
Live Example of Volume: 15:04
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Suggest a video on Patreon: https://www.patreon.com/BitcoinTradingChallenge
The Platform I use to Trade - https://gdax.com/
The Website I use for Analysis -
My Discord Chat: https://discord.gg/MSrNkbg
Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
I know that you use TradingView, but I am trying to find the exact volume profile indicator you are using. The one I have doesn't paint like yours in the video and I was wondering if that would matter. Please advise. :)
Thanks a lot for sharing this - really useful. Would be interested in your perspective on reliability of such volume analysis in stocks as opposed to bitcoin etc. I know that tick vol in stocks / futures is generally thought to be more reliable / less open to manipulation than standard time-based volume.
Good point, I chose to solely talk about the retail trader aspect during this video with the plan of making an advanced guide to interpreting volume including the three market participants such as the dumb money, smart money and institutional money.
Hello, you have caused me sleepless nights ... in a good way ... I've been studying Fibonacci and I'm 1/2 way through "Fibonacci Analysis" by Constance Brown ... it's a bit dense but I like it... also I'm starting to understand where to start/end my ranges ... and in her book she references and shows, images where she's using the "Composite Index" indicator that helps her to confirm where to start/end her ranges ... and the cool thing is in "Tradingview" there's her indicator and right away I see it's spot on !! you should do a video discussing this if you haven't already ... I just started watching your videos
Great video thank you.
Can you make another video to show, how I can make a proper VPVR (Visible Range on tradingview) adjustment. I'm trading newbie and fallen often in bull and bear traps. my big please to you, can you explain the bull and bear traps problem and how we can us protect and recognise it.
Is it wrong to say bitcoin was just in a bear flag before it crashed? Also, in this recent uptrend we see volume decreasing. Based on this video id say that this is not a strong uptrend and we will probably see another market bottom before a stronger uptrend. I dont see a real trend reversal until maybe 8000 - 6000 based on fibs
So the part i have still been unable to grasp is whether i should wait for a volume confirmation - maybe a giant move up or down (missing profit by not being in the trade), and then set my trade, OR am i suppose to see the volume immediately beginning to break the volume moving average and make my trade? My glitch is timing.
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