What are the benefits of using the volume by price feature on TradingView for cryptocurrency traders?

3 answers

• ASHISH PATILNov 16, 2022 · 3 years ago
  The volume by price feature on TradingView offers several benefits for cryptocurrency traders. Firstly, it provides a visual representation of the trading volume at different price levels, allowing traders to identify areas of high or low liquidity. This information can help traders determine potential support and resistance levels, as well as areas where price movements may be more significant. Additionally, the volume by price feature can assist in identifying accumulation or distribution patterns, which can provide insights into market sentiment and potential trend reversals. Overall, this feature enhances traders' ability to analyze market dynamics and make more informed trading decisions.
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• MUSIBAU SHOGEKEApr 21, 2024 · 2 years ago
  Using the volume by price feature on TradingView can greatly benefit cryptocurrency traders. By visualizing the trading volume at different price levels, traders can gain a better understanding of market liquidity and potential price movements. This feature allows traders to identify areas of high trading activity, which can indicate strong support or resistance levels. Furthermore, the volume by price feature can help traders spot areas of accumulation or distribution, which can be valuable in predicting trend reversals. Overall, this feature provides traders with valuable insights into market dynamics and helps them make more informed trading decisions.
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• Tesfalem TamenewelduDec 25, 2021 · 4 years ago
  The volume by price feature on TradingView is a powerful tool for cryptocurrency traders. It allows traders to analyze the trading volume at different price levels, providing valuable insights into market liquidity and potential price movements. By identifying areas of high or low trading activity, traders can determine key support and resistance levels. This feature also helps traders spot accumulation or distribution patterns, which can be indicative of potential trend reversals. Overall, the volume by price feature enhances traders' ability to analyze market trends and make informed trading decisions. At BYDFi, we highly recommend utilizing this feature to optimize your cryptocurrency trading strategy.
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