BTCUSD VPVR Part 2: Volume Point of Control Now Turned Support
Updated
The bullish case is here:
The is continued analysis from the below, looking at the alternative VPVR perspective on Bitstamp:
BLX Volume Profile Accumulation Zone $5,910 - $8,630 (January 22nd 2020)
Related Bullish TA
Network Hash Gives 10th Buy Signal In 9 Years
February 6th-11th 2020 - The Next Swing Low
Extrapolating 2014 Correction - Could $6,500 Be The Low?
Two & Four Year MA's Claim It's Time To Accumulate
- VPVR Point of Control, since 3K in September 2017: $8,188
- Price has closed for two consecutive weeks above this PoC
- Hash Ribbons buy signal - December 2019
- 1 & 2 Year MA bull-cross - January 2019
- Price above MA Ribbons - January 2019
- MACD bull-coss on Weekly - January 2019
The is continued analysis from the below, looking at the alternative VPVR perspective on Bitstamp:
BLX Volume Profile Accumulation Zone $5,910 - $8,630 (January 22nd 2020)
Related Bullish TA
Network Hash Gives 10th Buy Signal In 9 Years
February 6th-11th 2020 - The Next Swing Low
Extrapolating 2014 Correction - Could $6,500 Be The Low?
Two & Four Year MA's Claim It's Time To Accumulate
Note
Currently testing entry price of $8,700. Nothing to panic about as referenced in comments Part 1:
Related publications
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.