Bitcoin Weekly % VRVP Bands
One of the many things that amazes me about Bitcoin is how the Volume Profiles really do appear to be Static
Look on the right of the Chart at the VRVP " Waves" going vertical up the screen, Showing effective levels of support and resistance.
Note the line coming off the 2017 ATH and how it still lines up with the VRVP Wave ?
And all the way up the PA to the current day
And So, It appears there is little resistance till we get near
29K, though we may struggle at 
25K for a while.
However, I can't help feeling this may be the most enormous Bull Trap fi we are not careful
Things are beginning to get OverBought now...as we approach the weekend, Please be careful
Look on the right of the Chart at the VRVP " Waves" going vertical up the screen, Showing effective levels of support and resistance.
Note the line coming off the 2017 ATH and how it still lines up with the VRVP Wave ?
And all the way up the PA to the current day
And So, It appears there is little resistance till we get near
29K, though we may struggle at 25K for a while.However, I can't help feeling this may be the most enormous Bull Trap fi we are not careful
Things are beginning to get OverBought now...as we approach the weekend, Please be careful
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.