Hi All
Here we see the btc/usd chart on trading view and the buy and sell signals that I have set up for free on that platform, (pivot reversal strategy with alerts).
On the right we have the volume indicator...VPVR and the volume area is the darker areas.
BTC high volume node is the dark spike sticking out with a purple color and is at 7500 aprox so that is where most of the traders have their trades at that particular time and date.
Low volume nodes are the red green color and are short in length.
Price moves from high volume nodes to low volume nodes and back again from low volume nodes to high volume nodes (dark purpleish color), guess and comment where you think price is going based on the length of the volume nodes.
We see btc has touched Vol 20 the yellow line at bottom of chart 2 times at the end of June 4th, not enough volume for the price to go up mutch, so we should see consolidation and sideways battle between buyers and sellers in next few hours, so price goes sideways.
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Nick
Certified Bitcoin Professional