Configure the Cryptocurrency Strength Indicator to Your Preferred Crypto
The Cryptocurrency Strength Indicator is a versatile tool for relational crypto trading. It ranks cryptocurrencies by performance. This helps spot leaders and laggards. Configuring it to your preferred crypto focuses the view for better insights.
Our Cryptocurrency strength indicator has been designed to allow traders to swap out cryptos for those they wish to trade, assuming it is supported by the platform which in this case is Tradingview. David explains in this recording how this is done.
Step-by-Step Configuration
Start by selecting your preferred crypto as the base (e.g., Bitcoin for benchmark). The indicator then compares others relative to it. Adjust settings for timeframes—daily for trends, lower for intraday. Volume price analysis (VPA) integration shows conviction behind moves.
Benefits of Customisation
Focusing on one preferred crypto simplifies analysis. For example, base on Bitcoin to gauge altcoin weakness. Quantum’s version on TradingView or NinjaTrader includes alerts for extremes. Anna Coulling’s approach uses this for high-probability relational trades.
Configure today for personalised crypto strength views. Quantum indicators make it quick and effective across markets.
How to Trade Bitcoin Using Volume Price Analysis (VPA)
Bitcoin trading is fast and volatile. Price swings create opportunities. But noise confuses many traders. Volume price analysis (VPA) cuts through it. It combines price action with trading volume. This reveals true market intent. High volume on moves shows conviction. Low volume warns of weakness or traps.
Why VPA Works for Bitcoin
Bitcoin runs 24/7 on exchanges. Sentiment shifts quickly. VPA reads volume to spot professional activity. High volume rallies signal buying pressure. Low volume at highs hints at distribution. Divergence—price new high on falling volume—warns of reversals.
Key VPA Signals in Bitcoin Trading
- Trend Confirmation: Rising prices with increasing volume = strong uptrend. Enter longs on pullbacks.
- Reversal Spots: New highs on low volume = exhaustion. Short on breakdown with volume spike.
- Accumulation: Lows with rising volume quietly—buyers building positions.
- Climactic Volume: Ultra-high volume at extremes—often marks tops or bottoms.
Quantum indicators on TradingView enhance VPA. Trend Monitor aligns direction. Accumulation/Distribution spots phases.
Practical Bitcoin Trading Strategies with VPA
- Trend Riding: BTC rallies on high volume. Pullback holds on low volume—long entry. Trail stops.
- Reversal Trading: Price spikes higher on low volume. Divergence appears—short on volume confirmation.
- Breakout Plays: Consolidation ends. High volume break = momentum entry.
Example: BTC tests support. Low volume down candles fade. High volume bounce—accumulation. Rally follows.
Benefits for Bitcoin Traders
VPA reduces emotional decisions. Avoid FOMO on low-volume spikes. Focus on conviction moves. Anna Coulling’s VPA methodology applies perfectly to crypto. Quantum tools make signals visual and reliable.
Trade Bitcoin smarter with VPA. It turns volatility into disciplined opportunities. Quantum indicators deliver the edge on TradingView.
Volume Price Analysis (VPA) for Ethereum Trading
Ethereum (ETH) is one of the most traded cryptocurrencies. Its volatility creates opportunities. But noise confuses many traders. Volume price analysis (VPA) provides clarity. It combines price action with trading volume. This reveals true market intent in ETH/USDT or ETH/USD.
Why VPA Works for Ethereum
Ethereum moves on sentiment, upgrades, and DeFi/NFT flows. VPA reads volume to spot professional activity. High volume on up moves shows conviction buying. Low volume at highs hints at distribution. Divergence—price new high on falling volume—warns of reversals.
Key VPA Signals in Ethereum Trading
- Accumulation: ETH tests lows. Volume rises quietly—buyers building positions.
- Distribution: New highs on low volume—sellers unloading to retail.
- Trend Confirmation: Rising prices with increasing volume = sustained momentum.
- Stopping Volume: Ultra-high volume halting decline—reversal signal.
Quantum indicators on TradingView enhance VPA. Trend Monitor aligns direction. Accumulation/Distribution spots phases.
Practical Ethereum Trading Examples
ETH dips during risk-off. Low volume down candles fade. High volume bounce = accumulation. Rally follows. Or, ETH spikes on hype. Low volume at highs—divergence. Short on breakdown.
Benefits for ETH Traders
VPA reduces emotional decisions in 24/7 crypto. Avoid FOMO on low-volume spikes. Focus on conviction moves. Anna Coulling’s VPA methodology applies perfectly to Ethereum. Quantum tools make signals visual and reliable.
Trade Ethereum smarter with VPA. It turns volatility into disciplined opportunities. Quantum indicators deliver the edge on TradingView.
By Anna Coulling