Recently I added VRVP (Volume Profile Visible Range) into my Support and Resistance BTC chart. Something I found interesting in this was the Point of Control (POC)
Previous cycle ATH is the most active price point for trading engagement. This provides me a fundamental insight that there were a lot of investors/trades were expecting retest of previous ATH. This is a common theory in technical analysis.
In addition it reflects that we are in an accumulation period for bitcoin. The big blue box shows my interpretation on accumulation zone.
VRVP (Volume Profile Visible Range): Reflects the amount of volume traded at certain price points. Generally most effective when trading larger-cap crypto assets.
POC (Point of Control) : is the node with the highest volume profile, and appears as the longest bar. This can be used as an important retest point or to calculate potential support and resistance. Orange Dash Line.
If you like this idea, please feel free to share some love. Also I welcome any and every sort of comments and criticisms as it helps me to improve my analysis.
If you are from Sri Lanka Please feel free to check out our local communities encouraging responsible investment cryptocurrencies.
Learn! Invest! Earn!
Previous cycle ATH is the most active price point for trading engagement. This provides me a fundamental insight that there were a lot of investors/trades were expecting retest of previous ATH. This is a common theory in technical analysis.
In addition it reflects that we are in an accumulation period for bitcoin. The big blue box shows my interpretation on accumulation zone.
VRVP (Volume Profile Visible Range): Reflects the amount of volume traded at certain price points. Generally most effective when trading larger-cap crypto assets.
POC (Point of Control) : is the node with the highest volume profile, and appears as the longest bar. This can be used as an important retest point or to calculate potential support and resistance. Orange Dash Line.
If you like this idea, please feel free to share some love. Also I welcome any and every sort of comments and criticisms as it helps me to improve my analysis.
If you are from Sri Lanka Please feel free to check out our local communities encouraging responsible investment cryptocurrencies.
Learn! Invest! Earn!