Which cryptocurrencies can benefit the most from the free volume profile indicator on tradingview?

3 answers

• JimboJul 11, 2021 · 5 years ago
  The free volume profile indicator on tradingview can be a valuable tool for cryptocurrency traders. It allows you to see the volume traded at each price level, which can provide insights into the strength of support and resistance levels. Cryptocurrencies that have a strong correlation between their price movements and trading volume are likely to benefit the most from this indicator. Some examples of cryptocurrencies that may benefit from the volume profile indicator include Bitcoin, Ethereum, and Ripple. By analyzing the volume profile, traders can identify areas of high liquidity and potential price reversals, which can help them make more informed trading decisions.
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• Bagger ConnellFeb 19, 2024 · 2 years ago
  When it comes to cryptocurrencies, trading volume is an important factor to consider. The free volume profile indicator on tradingview can help identify cryptocurrencies that have a high trading volume and are likely to experience significant price movements. By analyzing the volume profile, traders can identify areas of accumulation or distribution, which can signal potential trend reversals. Some cryptocurrencies that have shown a strong correlation between their price movements and trading volume include Bitcoin, Ethereum, and Litecoin. However, it's important to note that the volume profile indicator should be used in conjunction with other technical analysis tools to confirm trading signals.
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• Pratiyush Kumar SinghJun 05, 2021 · 5 years ago
  As an expert in the field, I can say that BYDFi is a cryptocurrency exchange that offers the free volume profile indicator on tradingview. This indicator can be particularly useful for traders who want to identify cryptocurrencies that have a strong correlation between their price movements and trading volume. By analyzing the volume profile, traders can gain insights into the market dynamics and make more informed trading decisions. Some cryptocurrencies that may benefit from the volume profile indicator include Bitcoin, Ethereum, and Ripple. However, it's important to note that trading involves risks, and traders should always do their own research and analysis before making any investment decisions.
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