Where the buying took place - BTCUSD & SPY TRUE Demand Zones
This is the Line Break Chart analysis showing true supply, demand, trend momentum, & volume correlations. The chart 90% of traders will never see...
You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader.
The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or below, thats my set-up area. I enter at a close above those 6 bars. A close above signals strong momentum. The key is to be sure to enter in the direction of the largest time frame. I use the 1hr with the bollinger bands to enter. I use the daily Line Break Chart candles to determine trend direction, signaling which direction I should enter on the 1hr.
Volume is important to note because the trend began around the area of the largest volume spikes. The same people may not be buying at the same area but if we never see similar volume return into a market, we can assume the trend is dying, as everyone with big money who purchased at the beginning of the trend has sold off or is no longer interested in the asset.
You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader.
The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or below, thats my set-up area. I enter at a close above those 6 bars. A close above signals strong momentum. The key is to be sure to enter in the direction of the largest time frame. I use the 1hr with the bollinger bands to enter. I use the daily Line Break Chart candles to determine trend direction, signaling which direction I should enter on the 1hr.
Volume is important to note because the trend began around the area of the largest volume spikes. The same people may not be buying at the same area but if we never see similar volume return into a market, we can assume the trend is dying, as everyone with big money who purchased at the beginning of the trend has sold off or is no longer interested in the asset.