Trading BTC w/ VSA Volume Spread Analysis (PnL Proof Per Trade)

My primary system for trading the markets is Volume Spread Analysis which is a variant of the Wykcoff method which goes back almost a century. In this thread I'll detail trade setups and the system in general.

I welcome feedback and any recommended improvements.

Just went short at 7300 for a quick trade to 7265 to ride the weakness from yesterday's failed upmove on the Daily and the weakness evident in the bar groups I've highlighted in the image below.

Closed with 27 pip profit before the next resistance area at 7265

Broker PnL Proof

Sold at 7219 because of the failure to restart the upmove after the most rescent trap-down move on the 1hr and the reversal on the daily as confirmations

Huge Trap-Up Move in the previous bar, Target/TP lowered to 7125

BTC has been in a distribution phase for weeks, this is a phase where the market is preparing to sell off and strength is being absorbed. A fresh break of 7000 is inevitable in the next couple weeks.

Just closed the BTC short from yesterday at 7125 for +93 pip profit

Short BTC 7300

Target 7252

Long 8090

Looking for a short after the close of this 1hr bar in BTC and the low of the bar with the arrow pointed to it will be support for a down move

My TP was hit and got me out just at the low of this current bar at 7670 for +150 pips




I suspect this trap-down will fail then I'll get back in

Long 8100 BTC

Target 8200

BTC seems like it will stay in this tight range at least until the daily bar closes then jump up

Still in the long

Out at 8210, +108 pips

Long 8680

Target 8760

Target reached, Out at 8793

Went back in at 8944, took profit at 9030, +86 pips

Long 8855

Target 8920

Target Reached at 8920, +63 pips

Long 8917

Target 9000

Out BTC Long at 9010, +108 pips

This is an area of a lot of resistance from the down move in Nov