BTC's Volume profile
How does it work?
This indicator takes amount of BTC (or given asset) traded at a certain price level. Which is then represented by the bars on the left side of the chart in a vertical form.
How can we use it?
On any given timeframe you can analyze and spot at which exact price levels the asset has done the most historical trading and infer that this heavy amount of trading will act as resistance if the current price is below, or support if the current price is above.
In this chart we see that there is heavy support and trading that went on in the 9k range as well as the 11.5k range which makes sense because of how long the price of BTC traded at those levels. If we continue to go side ways at the current price levels, this price level will solidify as our support it we go higher, or resistance if we drop down
This indicator takes amount of BTC (or given asset) traded at a certain price level. Which is then represented by the bars on the left side of the chart in a vertical form.
How can we use it?
On any given timeframe you can analyze and spot at which exact price levels the asset has done the most historical trading and infer that this heavy amount of trading will act as resistance if the current price is below, or support if the current price is above.
In this chart we see that there is heavy support and trading that went on in the 9k range as well as the 11.5k range which makes sense because of how long the price of BTC traded at those levels. If we continue to go side ways at the current price levels, this price level will solidify as our support it we go higher, or resistance if we drop down
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