BTCUSDT 09 MAY 2022 (previous demand zone volume)
Hm…. That last daily candle closed pretty close to the low, however it was stoped. Will have to see if they buying picks up here. As usual take a look over to the left of the chart Does whats going on right now look anything like those previous accumulation zones? I don’t think so. Iin my opinion better prices are likely. However, if you understand where to get in and when to bail. you might see an intermediate 1/4 hour trading range and catch a bounce off of this demand zone . I do no6t advise you do that unless yu are in control of your emotions and know when its time to bail and fight another day. The good thing about this right now is that the volume spikes on BTC are very pronounced and easy to identify. Note the giant vlume spikes to the left right before the price mde a substantial up move. That is what you have to lok for.
But remember that it is fractional. You may see large spikes n the 1 and 4 hour that you can take advantage of. I just like the daily more and more as I get better at this. Do not blow off where tehee price is on the daily if you are day trading. Yo MUST identify where the key supports and demands are or you can find yourself selling into demand or buying into supply and thats usually never good!
If you want to learn VSA /Price action. I still say Pete Faders is the best ut there and all his material is free on youtube. It’s up to you how much practice that you want to put in. No one can hand this to you. You have to practice and internalize it…. and its actually kinda easy. Patience is the hhardest skill to learn in trading. Ive been at it for 5 years and I still havent mastered it,.. But I plan on doing that in due time.
Practice. This is an exercise in logic and creativity. It is trainable and improvable. Price moves the way it does for a very specific reason…. volume . Supply and demand . Supply and demand is what makes markets move. There is no argument against this.
Check out Pete Faders “The truth behind price movement.” its 4 parts. Game changing tutorial series. He also has plenty of free ones on crypto.
Good luck and pray for peace for the citizens of the Donbass, Mariupol. No more death for the Russians or the Ukrainians. Every one of us must advocate for this war to end. Put your politics aside. If for no other reason than we are dealing with nuclear armed nations and no one with power is even talking about a peaceful resolution. Its on all of us to let the world know that we do not want war.
Now time to trade.

