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Bitcoin fell five percent overnight Taking many cryptocurrencies along for The riot the U.S markets also closed out The week much weaker than they began the Week and many are blaming this on the Inflation data out from the US so is it Really as bad as what the media is Making out let's take a look at some of The macro data on BTC and how this Affects the markets at Key cycle bottoms And tops not only are we going to look At this on bitcoin we're going to look At it on ethereum and the U.S stock Markets this is going to be an indicator That you can use broadly across all Markets that you can chart volume data Is a key indicator for technical Analysts and in some charts they do not Give you this data because of how Important and how powerful the data can Be let's take a look at that after you Know what to do that like And subscribe Down below and of course top of the Video description is our free crypto and Economic report coming out this week Alright guys let's take a look at the Macro volume analysis and how this has Called tops and bottoms on bitcoin on Eth on the stock market and how powerful It actually is volume is something that I use a lot in my trading it identifies Where the smart money is coming in to Support the market price and where it's Coming in to dump the tops and so
Looking at this on a more macro time Frame on a say monthly or a weekly chart Really helps clear out the noise of the Market and allows us to see what that Smart money is doing now it doesn't Always call that exact top but it works A lot more efficiently at bottoms it is Very much helpful at calling a lot of Significant bottoms when we look at the Volume data in relation to the previous Volume data potentially just the last Few bars the more the better but ideally We want to see an increased volume data At the market cycle turns this can be Used on all time frames so just be sure You understand which time frame you are Trying to analyze and why you're doing It maybe it's part of your own Short-term trading plan the longer the Time frame the bigger the turn is going To be so recently we saw extreme volume And I say extreme because it has been Some of the highest volume that the Market has had for many years basically Two years almost two years going all the Way back to where the market broke out And had an exhaustive move back in January of 2021 that volume data that I'm looking at here is November of 2022 The FTX collapse the old black crypto Black Swan event that a lot of people Are referring to here so I want to pay Particular attention to this day because Of that volume that we see coming into
The market that volume was higher than Anything in the last 21 or 22 bars in This case basically two months short of Two years the previous high volume for a Around this region was the top or at Least the exhaustive move into January Of 2021 and of course we know from History there was three months higher Than that but really the move began to Wear out in January we had a nice solid February and then you can see from March And April it was basically around the Top before the market dumped in May with Extremely high volume coming all the way Back to that January data so the January Month was from 27 600 to a Peak at 42 000 and we know may came back to around 29 to 30 thousand dollars and so what We'll look at moving forward is even Though the massive volume came in in Example here in May June went lower but It was not that much lower if we look at It in terms of a percent move so from That low to the next low was four Percent so you can see where the smart Money was coming in to support the Market around those prices you can see Closes you can see where these low Prices of the bars occurred and it Wasn't that much lower before you get That that pivot move so going back into History just to have a look at some Other examples of this we have the Pandemic low extreme volume which was
The most extreme going all the way back To the peak in 2017. so in this case it Was 27 bars 27 months that is three Months over two years so two months and Three years before the market had this Extreme volume again now the difficulty With the volume especially in crypto is That we have different exchanges some Exchange changes are in favor then they Fall out of favor and so to collate the Data we really have to look at something Like the index but even then sometimes The index isn't the best indicator for This volume data so although it's there You need to pay attention to which Exchanges are popular at the point in Time that you're looking at in terms of The cycle and so looking at coinbase you Know it wasn't really the major Exchanges that a lot of people were Using throughout this period of 2015 16 17 it did fall into favor throughout That cycle but it has become obviously Far more used in this particular cycle Than it was in in the last cycle so That's the sort of data we need to pay Attention to as we continue to go Through the the volume data throughout The cryptocurrency exchanges so Something like binance wasn't used as Much in the later part of 2017 but of Course now there is a ton of volume on Binance because it's a more favored Exchange uh around the world compared to
What was popular in 2017 when I started Which was something like bittrex which No one even knows about anymore so with The nuances in mind around how to read This volume indicator signal for those Tops and bottoms will progress using the Coinbase exchange so going back to December 2017 it was extreme volume so Even though it may not have been the Exchange of choice for everyone you can Still see the volume was quite High Relative to that same period so that's a Really important point to note because We could go into something like a bit Stamp which was quite popular 2015 Through 2017 but then bitstamp isn't Used anywhere near as much as what it Was back in the day you know this was The exchange for the previous bull Market the 2013 bull market into that Bear market so really pay attention to That so again to coinbase extreme price Tops and extreme volume this led us into That low of November December of 2018 Extreme volume to the downside much Higher than anything that was seen all The way back to eight months and we had That through November and December now Really interesting point to note here is That even though the volume was high in December it dropped a little lower you Can see that the smart money was using This as what's called stopping volume in Wyckoff analysis and so the market is
Being supported at these prices plenty Of buyers coming in to take the supply Off the market which is signaled here With that price not going much lower in Some cases not lower at all like in January but in December it didn't go That much lower compared to the low Of November nine and a half percent so I Bring this up because the same sort of Thing happened in May and June of 2021 The price did go lower but only by four Percent and so the extreme volume came In the dump in the panic when a lot of The dumb money is selling and the smart Money is buying up the same sort of Thing happened the following month in June really trying to get out of their Positions the price is being supported July you had the price supported again And the market starts to move away and You can see that the volume drops off Compared to those low prices it's not That the volume is real is is really low It's just relatively low compared to the Months where a lot of Supply is changing Hands now that the supply has changed Hands in these types of periods the Market's ready to move again And so we can take a look back at the Pandemic low 2020 March 2020 extreme Volume the market turned around off that Low and started to move again we have The peak in June of 2019 you can see the Pro the volume really starting to ramp
Up into that Peak just like what Happened in 2021 into that Peak the Following month after June we had even Higher volume but you can see what Happens in these cases is people are Trying to buy the dip in the last stage Of the market pushing up that's in this Particular cycle so they've seen a Pullback and they're all trying to jump In to buy the top not only that there Were some big weeks during this period As well during July there was a lot of Volume whereas in June there wasn't as Much volume but it had the highest Weekly volume which will drop down to on A lower time frame in just a moment so Essentially we had the market trying to Buy the dip and it didn't go anywhere After that point so we started to fade Out and then eventually got that last Covered Black Swan event into that dump To clear out the rest of the weekends Before the market was able to recover And push higher and so that basically Covers the last six years of volume data Using the coinbase chart here in each of Those cases relative to the period that We're using the data from for example The bottom to the top here in 2017 2018 You can see that the bottoms happened on Extreme volume compared to the previous Session so the previous several months We're not looking at hours or days or Weeks in this case this is months so a
Lot of buying happens at these times so This was the biggest volume at that time Supporting the price relative to that Was the top which basically is a lot of Unfortunately dumb money coming into the Market the smart money is offloading That Supply as fast as they can they Don't need to sell the top they just Need to offload their supply because Like we can see from the volume they Come back in and buy those drops again All they're trying to do is just take a Chunk of profits out of the middle maybe They're buying in these levels at the 4K Maybe they're selling at around 10K even Though the top was 14k either way They're just trying to take a chunk of Profits out of The Middle come back in Buy as close as they can to the low Write it up like you can see here they Were selling into January which Essentially was a peak of forty two Thousand dollars not overly concerned With having to sell the exact top unlike The retail investor who is trying to buy The top and then sell even higher you Can see that happened here where there Just was no volume into that next run Into the peak so relative to the next Cycle here we can look at the the top Area Relative to the bottom it was the Biggest volume which was a signal saying That maybe this run is going to come to
An end it doesn't like I said it doesn't Have to be the exact end but the bottoms Typically show extreme volume so we can See that through here with May and then June started to drop off because a lot Of the supply had already changed hands Supply meaning a lot of the Bitcoin Already changed hands and then the Market started to Rally again because The buying had had its day all the Buying had happened you could see that From the price not able to push any Lower and then the move moves to the Upside so going to today after we've Covered that last five six years FTX Collapse November 2022 this is the Biggest volume on coinbase that we've Seen since that prior move that's two Years prior that's the biggest volume That has come in what else looks the Same to these previous Moves In this Case December was also significant Volume especially during December which Is typically a low month December is Typically a low month because most People go on holidays for those last Week or week or two weeks of the month And there's just less trading going on But relatively high volume and then we Had January even higher with the Breakout from this move here so just Looking at December to November you can See that the market didn't push any law Even if it did push lower wouldn't be
The end of the world because we've seen That multiple times before November December we've seen lows here just Looking at price in this case push just That little bit lower before we get the Move out to the upside the biggest thing To note here is just how significant That volume was and we ended up closing A a fairway above the low of the bar as Well which shows that there was a enough Support to push this away from the low Of the bar now the data from the charts The objective data here shows a pretty Significant case whereby if we have Extreme volume at the end of a site Cycle move that can basically say that The low is in or the top or very near The top in this case now in some cases This may not be exactly true like we Could see in May and June here of 2022 This was pretty significant volume if You take away all of this because Obviously this data wouldn't have Happened in May and June this was very Significant volume compared to the Previous lows and tops in the market Which is probably why the market trended Sideways and was testing to see whether There was any more Supply coming into The market now this bar here which a lot Of people are calling a Black Swan event And now we're starting to lose some Momentum we can see that Black Swan Events at the end of a move are
Extremely useful to clear out the last Of the weekends even if the bottom may Have been a little higher they've really Done a great job to clear out any other Weekends in the market before they start To move in the opposite direction so There's this may have been the bottom if FTX didn't collapse but that FTX Collapse just was able to to make this Signal even clearer by increasing the Amount of Supply that came into the Market and showing the support coming Into the market especially about one to Two months later where the net where the Price is now above all of this area of November and December and the prices Back within the previous dump bar so This dump here had very significant Volume in June and the price is now Trading within this bar so if we look at The probabilities moving forward from Here if Bitcoin is to break this low of 15 400 we really need to see even Stronger volume come through just based On what we've seen in the past we Probably want to see volume at least at These levels over the next few months For it to break down from that point now I'm not saying that it has to break down But that's essentially what we would Want to see from Bitcoin to be able to Break these levels considering the Supplier has been bought up and now Pumped back up to 25k it's not
Impossible and I'm sure there's an Argument out there from the Bears to say That this is what the manipulators are Doing and the whales are doing but going Down the rabbit hole of manipulation in Wales is basically a Fool's game and Really there to sucker in the retail Into other narratives around the market All markets are manipulated there are Whales in all markets we just have to Get on with the game and try to find out What they are doing based on the volume Speaking of that we can also move across And have a look at ethereum does this Happen in other markets and of course I'm going to show you examples of how it Happens but I want you to have a look at It yourself to see whether you can find These examples in any Market that you're Following yourself and it happens a lot Clearer in all coins as well as those Are extremely manipulated so just Looking at eth you can see the top here Just using the bit stamp chart which is A bit more popular back there then we've Got a Peak at the highest volume sure we Don't have any volume data back here but We have that Peak on high volume we have The low coming in on Extreme volume we Have the top just a month earlier on Extreme volume here we go back to the Covered dump extreme volume we can move Forward to the market breakout on Extreme volume the market Peak and
Bottom on relatively high volume and Then the volume dies off on bitstamp so We've got to move across to something Else that people are trading coinbase so Coinbase here very high volume top and The bottom very low volume through this Period considering what's already Happened which is a pretty good sign of Distribution and then the market dumps Into more of a bottom pattern that's Forming here especially looking at November which was a higher low to June But it was on more extreme volume so We're going to keep watching this to see If we get another move for eth because There has been some quite extreme volume Moves but we haven't seen that just yet So something just to keep an eye on I'm Not saying it has to dump to lower Prices but I'm a little bit more Concerned with eth than I am with Bitcoin considering where it current Where it's currently at volume data is Extremely powerful when used in Conjunction with other indicators in Particular the ganswing indicator but Also bar or candle reading looking at The closing prices and patterns that are Forming in the market we have specific Courses on this with our Tia premium Membership going through Wyckoff Analysis volume analysis and Gan swing Trading for short-term and long-term Trading plans so if you want to learn
More about that check out the link in The video description for Tia premium While you're there like And subscribe Get those fireworks going off going back To the Chart here for Bitcoin as I said Earlier we're just going to look at the Weekly bars themselves so if you can Just look through these lines here which I had on for the monthly check out the Weekly bar when FTX collapsed that was Right here in the first or second week Of November of 2022 this on coinbase Was the highest volume that we had ever Seen on coinbase for the Bitcoin chart The absolute highest volume ever in History the only times it came close Were the low For the pandemic crash so that just that One week before the market bounced out Of that low the May low where everything Crashed with the news about China Banning Mining and then of course we had A few weeks or several weeks before the Market started to move again and really You had the area around the peak in 2017. so on each of these occasions the Market had a very significant turning Point you can see here there were two Bottoms we also had a top so typically When the market gets to this extreme Level of volume whether it's buying or Selling in this case it was most likely A lot of buying because the market Started to move up from that point this
Has marked significant turns in the Market now for my opinion this is one of The many reasons why I'm quite bullish On the macro view of the market even Though the market fell five percent over The last 12 hours with volume this is Huge and a market not able to dump any Further after that point it typically Not always but it typically signals that The supply has been all dried up the Supplier has been taken by all of the Buyers typically it's the smart money And they continue to drive the price up From that point to test where will that Next level of Supply come back into the Market volume analysis is an absolutely Powerful tool I'm going to continue to Follow it up on the channel so make sure You do subscribe like the content up go Out have a fantastic weekend go see that Sun wherever you are and I'll see you Back here real soon until then peace out
