BTCUSD / BTCUSDT volume profile since the big drop in March 2020
The big drop in March 2020 has dominated the last half of this year
To get an understand of market sentiment, it is sometimes useful to flip the volume on the side
by using one of the "Volume Profile" indicators
I configured the volume profile to show trades after the big drop
The larger parts of the volume profile are where more trading occured in the past
and we expect more trading to occur if the price returns to those point.
We can see that the trading volume significantly dropped off after $12,000
This chart is for information only.
I am not providing a short or long term buy / sell recommendation in this chart
To get an understand of market sentiment, it is sometimes useful to flip the volume on the side
by using one of the "Volume Profile" indicators
I configured the volume profile to show trades after the big drop
The larger parts of the volume profile are where more trading occured in the past
and we expect more trading to occur if the price returns to those point.
We can see that the trading volume significantly dropped off after $12,000
This chart is for information only.
I am not providing a short or long term buy / sell recommendation in this chart