Bitcoin Bottom? Weekly Volume Profiles

Bitcoin Bottom? Weekly Volume Profiles


Looking at the weekly volume profiles, Last week bitcoin             failed to shift value lower for the first time in 4 weeks

It did reject the 7100 area and filled in the gap on the weekly profile from the 9th             April

I’m looking for bitcoin             to hold the retest of 7500 (last weeks POC ) and move price above 7600ish (Last weeks Value Area High + and key level from 9th             April)

If we can accept higher price and build value above 7600 then 7900 + 8200 are in play

If we drop below 7500, i would expect last weeks Value Area Low to be tested @ 7284

Tight stops required, if your more risk averse there will be opportunities above 7600