Quick note on this relative volume-per-range signal (in the vein of VSA / VPA / volume spread analysis / volume price analysis). The basic concept is simple: volume per range tells you how many shares it takes to move an asset by $X. The higher this number, the harder it is for price to move, and the more likely it is that support/resistance or supply/demand...
The price action on Bitcoin hasn't seemed real constructive lately, and I've heard some people calling for a top, so I thought I'd reevaluate what my operating outlook was last night, by looking to see if there were any examples of similar price action in the past, as a way to guess at what might be coming around the corner soon. Of course we all know that this...