Price isn’t held up by your tweets — it’s held up by volume. And volume says lower.
By walking through the profile step by step, I explain how:
The thick high-volume nodes act as magnets for price.
The thin low-volume zones provide little support and often get filled quickly.
Bitcoin’s current setup suggests price is more likely to retrace lower to retest the areas where most of the trading volume occurred.
If you’ve ever wondered how to connect the dots between the volume profile and the order book, or why market structure points down when everyone else says up
By walking through the profile step by step, I explain how:
The thick high-volume nodes act as magnets for price.
The thin low-volume zones provide little support and often get filled quickly.
Bitcoin’s current setup suggests price is more likely to retrace lower to retest the areas where most of the trading volume occurred.
If you’ve ever wondered how to connect the dots between the volume profile and the order book, or why market structure points down when everyone else says up
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.
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.