Volumeprofileanalysis
Bitcoin changes VPOC to possible accumulationIt is interesting how the Bitcoin $BTCUSDT has changed the VPOC of the volume profile that it covers from the value zone that previously served as distribution, it is one of the conditions that should be met to consider that it may be an accumulation that could put the price back in the value area marked in the box. We will have to be vigilant in the coming days.
For now, in analysis of Order Flow in past activity, a great activity of passive buyers has been noted, absorbing all the sales in visits to key levels, demonstrating the great dominance that the bulls have in the low zones of the great weekly range.
Bitcoin according the volume profileHello traders!
Today I would like to show you how to trade according to the volume profile.
The volume profile is another indicator and it shows the market behaviour each price levels.
Now (the price 29 300) in on the bottom of current market profile. It is the last support before next dump. In case of the dump is next suport around 23k and 18k.
The rally up is still in the game but it should be only correction to 38k or max to 47k.