Here is the example video with an impulse move on the D1 of DOGE/USDT. (The indicator article, point ⑤)

This indicator could make you millions.
A guy I know went from $100,000 to a $10M net worth, and you can too.
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① Quick introduction:
Volume Profile indicator utilizes horizontal bars to represent trading activity at various price levels.
The bars are arranged vertically, with taller bars indicating areas of higher trade activity. Usually, tall bars can serve as support levels.
The Volume Profile is a charting technique created in the late 1980s by a trader called Peter Steidlmayer.
To put it simply, the Volume Profile (VP) indicator is a tool used in technical analysis to show how trading volume is distributed across various price levels during a specific period.

② How VP is Calculated
Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either up volume (trades that moved the price up) or down volume (trades that moved the price down) and then makes that information easily visible to the trader.

③ Why understanding volume can be very useful for you:
Really, stop for a minute and try to think about why this metric really matters.
Pros say that price is simply an advertising mechanism in which time governs all advertised opportunities and volume ultimately determines the success or failure of all advertised opportunities.

④ Utilizing the Fixed Range Volume Profile (FRVP) indicator for trading
Now that you're prepared and have basic knowledge, let's delve into the FRVP tool.
This tool enables you to set a fixed range for the volume profile within a specific time frame.
You can find the FRVP Tool under "Prediction & Measurement Tools" on the left side of the chart on @TradingView platform.

⑤ How to use it effectively:
After selecting the FRVP tool, you will be prompted to specify a start and end point to calculate a volume profile distribution.
This tool is particularly effective in analyzing various impulse moves.

Here is an example with an impulse move on the D1 of DOGE/USDT. (Example video will be posted soon, check my profile)

⑥ Now, here is a more detailed explanation of the indicator:
We can define the following:
➬ Value Area High (VAH) – the highest price in the Value Area;
➬ Value Area Low (VAL) – the lowest price in the Value Area;
➬ Point of Control (PoC) – the most interesting things for us, it's the price level at which the maximum number of contracts were executed during a selected period.

⑦ FRVP trading example:
In the example below, we see the market cooling off after a prolonged uptrend to the left (finishing just on the edge of the chart). The price fell sharply, finding a bottom. Given the distinct high and low points, we can set the FRVP tool to these points.
The first area to notice is the POC, which acted as strong resistance within the multi-day range. Traders could have anticipated this area to hold, using other forms of technical analysis to find entries on a lower timeframe.
The POC area was eventually pierced through, indicating that it may be time for the price to come and meet the LVN toward the top of the range. This level represented the area with the lowest volume in the entire range. Combined with the prior bullishness offscreen, traders could have been confident that the price would at least reach this area, acting as a solid target if they had bought earlier near the POC.
However, it moved higher to tap the HVN. Notice that it’s the area with the highest volume besides the POC. After reaching the HVN, the price quickly reversed. Similar to the POC, traders could have anticipated bearishness from this area. The tweezer top chart pattern here acted as excellent confirmation.

⑧ Common mistakes when using the Fixed Range Volume Profile indicator:
What common mistakes do traders often make when using the Fixed Range Volume Profile indicator?
1️⃣ Neglecting other market indicators
Some traders rely solely on Fixed Range Volume Profile and ignore other crucial market indicators. This approach can result in a one-dimensional trading strategy, which is never a good thing. A solid Fixed Range Volume Profile strategy should include other tools that can help confirm reversals at support or resistance levels, like the Relative Strength Index (RSI) or MACD.
2️⃣ Over-reliance on historical data
While the FRVP is effective in visualizing historical trading activity, it is not a crystal ball predicting future price movements. Traders should avoid the mistake of considering the volume profile as the sole indicator of future trends. It’s a good idea to consider the fundamental factors that may drive a market in a certain direction and then complement your analysis with the FRVP.
3️⃣ Misinterpretation of volume nodes
Traders may incorrectly assume that all HVNs or LVNs are equally significant. However, their importance can vary based on the broader market context. For instance, strong bullishness in the market may cause an HVN to be traded through with little consideration.

✪ To summarize everything above:
In this guide, we've unpacked the complexities of the Fixed Range Volume Profile (FRVP), revealing its components, applications, and potential pitfalls.
You've learned how the FRVP offers insight into the relationship between volume and price data, aids in trend identification, and pinpoints crucial support and resistance levels.
By now, you should have a comprehensive understanding of when and how to utilize the FRVP.

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Crypto portfolios typically fall into 2 categories:
• Too aggressive and drops 90% during corrections
• Too passive, missing potential profits.

Here’s an article on how to build perfect portfolio

Before I begin, I have a favor to ask...
I spent a lot of time writing this article, trying to make it genuinely useful for you, so if it's not too much trouble, please follow me, share, leave a comment, or simply hit like 🤍.

1 ➮ First, you must set portfolio goals
✧ Here are the main goals:
- Lower Risks
- Increase Profits
- Track your moves
- Improve your skills
Portfolios vary greatly depending on your risk management, additional goals, and time, but the foundation is as follows

2 ➮ Overall, there are two main things to consider when creating a portfolio:
1. Balance
2. Meaning of each sector of your portfolio
✧ Understanding these 2 things, you can already put together a simple but useful portfolio.
Let's discuss each aspect separately

3 ➮ Balance
✧ You need to keep the portfolio balanced.
✧ This means having risky plays (lowcaps / alts in price discovery stage) and at the same time those that mitigate this risk (eth/btc)
✧ This way you can't lose everything, and you are taking what is called Wise risks

4 ➮ Meaning of each sector of your portfolio
✧ You must understand every aspect of your portfolio:
- Stables to reduce risk and buyback
- $BTC and $ETH for strong crypto position
- Large alts for long-term investment
- Risky alts for 10x profit and more

5 ➮ Another important thing is that the portfolio should vary depending on the market.
✧ You can't hold 50% in meme tokens during a bear market
✧ So, shift your stables depending on what season we're in
Now the most interesting

6 ➮ Somehow many know most of what I wrote above and yet they do everything wrong.
✧ That's exactly why I felt it necessary to go over the main problems when creating a portfolio.
✧ After this, we will move on to a few portfolios examples
Let's dive in

7 ➮ Aggressive portfolio
✧ Many see a post about a degen turning $1k into $1M and rush to invest everything in some coin
✧ Develop a strategy and stick to it
✧ Be patient and in the end, you end up being wealthy

8 ➮ Too diversified portfolio
✧ Diversification is good, even necessary.
✧ But many overdo it and with a portfolio of $1k buy 40 different coins
✧ You won't make a lot this way, so know your limit and keep it simpler

9 ➮ No rebalance strategy
✧ Rebalance means buying and selling assets to maintain the percentage allocation.
✧ Suppose one of your tokens has increased in value and now makes up 30% of your portfolio when it should be 5% max
✧ Take profit and rebalance it

10 ➮ Now that we have gone through all the basic mistakes, you are ready to start on your first portfolio.
✧ To help you understand where to start, below I will describe the 4 main types of portfolios
✧ % may vary depending on the risk/size/etc. of your portfolio

11 ➮ BTC ETH split strategy
✧ A simple strategy which I think is self-explanatory from the name.
✧ Use it if crypto is nothing more than a simple investment for you and you don't want to delve into it.
✧ Quite simple, safe, and profitable

12 ➮ The Barbell Strategy
✧ A strategy where we skip the middle part of investments and divide the portfolio into risky and non-risky plays.
✧ 50% are stables, $BTC, $ETH
✧ 50% are high-risk plays
Not completely safe but can be quite profitable

13 ➮ 50/25/25 strategy
✧ 50% in $BTC and $ETH
✧ 25% Low Risk
✧ 25% Mid and High risk
✧ This is a basic, safe portfolio that suits everyone and doesn't take much time

14 ➮ Max diversifying strategy
✧ It's difficult to make a perfectly diversified portfolio, but for the 2024 cycle, I would do it like this:
- 10% in Stables
- 30% in $BTC/$ETH
- 10% in RWA
- 10% in AI
- 10% in GameFi
- 10% in L2
- 20% High risk plays
% may vary

15 ➮ Conclusion
✧ Remember that this is my opinion and my strategy.
✧ So always DYOR and invest only what you are willing to lose
✧ My portfolio recommendation is current but subject to change
✧ As the industry evolves, I continuously learn and adapt, and you should too
DONE!!!

#BullRun #altcoins #BitEagleNews