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Crypto · indicator signal

Volume profile bounce on Chainlink

On Chainlink the volume profile bounce showed up 1,962 times. The target came first 36% of the time, the stop 58%, and 6% went nowhere within 12 candles.

Counted on Chainlink (LINK/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily5032%66%2%
4-hour42040%56%4%
Hourly1,49235%58%7%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink1,96236%58%6%
All Crypto charts50,19835%58%7%
Every market61,33036%58%6%

Year by year

YearFoundTarget firstStop first
202130439%57%
202233133%63%
202338637%58%
202435434%61%
202534537%51%
202624236%57%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the volume profile bounce is

Price fell back to the price where the most trading happened, and bounced.

Imagine a market stall where most shoppers agreed on a fair price all week. When the price drops back to that fair price, shoppers who know it is a good deal rush in, and the price climbs again. The point of control is the price where the most trading happened, and a volume profile bounce is when price falls back to or near it and bounces up.

The full volume profile bounce lesson, video and quiz ›

Other patterns on Chainlink

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile rejection · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The volume profile bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Uniswap · BNB · Cardano · Polkadot · Aave · Dow Jones · S&P 500 · Sony · Gold · Silver

Questions

How often does the volume profile bounce work on Chainlink?

In 1,962 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 58%; 6% went nowhere within 12 candles.

What is the volume profile bounce?

Price fell back to the price where the most trading happened, and bounced.