Don't think I've posted anything about my longer term trade for good ole BTC
, so here it is. Note the POC (point of control, yellow dotted line). Price generally finds itself trading back in that area over time unless, of course, volume
begins to pick up at higher levels. In which case, that POC will begin to move higher. BUT for now, the POC rests around 6405 and note the several gaps in the profile. Generally speaking, those gaps should fill before sustained bullish
continuation can occur. Also, draw your attention down the volume profile
(visible range) to the area beneath the value area. The volume
is steadily picking up around the 4000 mark. You can see this by the amount of protrusion around that level. This leads me to believe price should trade between 4200 and 6400 mid to long term. Afterwards, that visible range profile "balances" I believe we will be ready for the next bull run to new ATHs in late 2021.