gottimhimmel158

Volume Profile Indicates Return to $11,000.

Long
BITFINEX:BTCUSD   Bitcoin
The volume profile indicates that BTC was able to pass-through the most recent low-volume area. And now the next area of high-volume is around the $11,000, which I predict BTC will touch, barring no new negative news. In my estimation this should happen within the next few days. Once BTC hits the $11,000 we should see another area of consolidation as institutional players offload some BTC in the higher volume area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.