Bitcoin - Volume Profile Fixed Range Analysis & Seasonality
Volume Profile Fixed Range Analysis
Takeaways:
1. The previous dominant trend direction moving into the beginning of the year can help in determining the direction of that year's trend.
2. Consolidation (range) occurs at High Volume Nodes and can determine the direction of the emerging trend.
3. Price has largely Distributed throughout 2018 the Accumulation of 2016/17.
4. Price has yet to Distribute the Accumulation of 2019. This is evidenced by the violent rejection from Accumulation in 2020.
5. Price is currently in an uptrend entering an HVN. Likelihood of re-accumulation and continuation of the uptrend.
Takeaways:
1. The previous dominant trend direction moving into the beginning of the year can help in determining the direction of that year's trend.
2. Consolidation (range) occurs at High Volume Nodes and can determine the direction of the emerging trend.
3. Price has largely Distributed throughout 2018 the Accumulation of 2016/17.
4. Price has yet to Distribute the Accumulation of 2019. This is evidenced by the violent rejection from Accumulation in 2020.
5. Price is currently in an uptrend entering an HVN. Likelihood of re-accumulation and continuation of the uptrend.
Learn, Automate, Profit. Join the Crypto Trading Academy where we've helped thousands of students.
crackingcryptocurrency.com
No KYC, No VPN, 200x Leverage, 0% Spot Fees:
partner.bydfi.com/s/crackingcrypto
crackingcryptocurrency.com
No KYC, No VPN, 200x Leverage, 0% Spot Fees:
partner.bydfi.com/s/crackingcrypto
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.