TA doesn't wor-

TA doesn't wor-

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k

>market profile
based beyond belief, it truly is simple and the holy grail of traders

if you know how to use it

What the fuck is that blue and yellow abomination on the left

where to next?

after trying every possible combination of indicators this is what clicks with my midwit brain the best
its where the volume is, its better version of the sell walls that are spammed here everyday
its usually used on 30m and 1d charts and the brighter part is where 70% of the traded volume was, there are various scenarios but you can be profitable with just this, vwap and some basic pattern recognition, them you can trade anything with a chart

What's blue and what's yellow?

buys/sells if i had to guess, i dont use tradingview

only need emas

what are your lines in the lower 30k derived from?

An orderblock on the weekly time frame

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please TA memeline masters, give me your probable outcome of how the price action will behave in the short/mid term or even long term and you can give an invalidation point as well so you don't have to cry that I will screenshot you spamming you were wrong or whatever.

no one knows the future of course, but it's all statistics and probability so just tell me what you see

yep buys and sell. the red line is the pount of control or PoC. where the most volume is for that session.

got a link for the volume bars on the left? been meaning to get one of those scripts for a while

It's like you say, its all probability but one of the best and simplest ways of tracking price action is by looking at market structure.

BTCUSD has been continuing to make lower lows and lower highs since Nov 10th and the trend seems to be continuing. You don't have to try to catch the absolute low to make money, once you see a sign of strength (higher high), you can buy back in on the retracement and ride it out with the invalidation being below the lowest point.

Attached: ta.png (874x834, 68.83K)

no script necessary. it's the fixed range volume profile tool

tradingview masters give me your best indicators. This is my setup but maybe it can be improved

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what's the point of that red line ?
i disabled mine

Its the point of control (POC) where the most volume has been transacted. If the price action gets acceptance back into the range (inside the blue lines), you want to look for the price to eventually get to the POC.

The color green.